The qualification deadline date (31 December 2018) for Phase 2 of the Energy Savings Opportunity Scheme (ESOS) is almost here...are you ready?
If your organisation qualifies for ESOS Phase 2 compliance you are now able to begin the compliance process.
Discover more about ESOS and how you can turn mandatory compliance into a real cost saving opportunity for your organisation.
Who is obligated?
A UK organisation is obligated to comply with ESOS if on the qualification date for a given ESOS Phase* it either:
- Employs 250 or more people, or
- Has an annual turnover in excess of €50 million (£38,937,777 phase 1*), and an annual balance sheet total in excess of €43 million (£33,486,489 phase 1*), or
- Is an overseas company with a UK registered establishment which has 250 or more UK employees (paying income tax in the UK)
*Exchange rate from Euros to Sterling will be confirmed on the qualification date for a given phase (for Phase 2: 31 December 2018). The figures quoted in sterling are estimates based on the exchange rate for Phase 1 and are subject to change for Phase 2.
NB: “balance sheet total” means the aggregate of the amounts shown as assets in the company’s balance sheet (that is before deducting both current and long-term liabilities). Therefore it is the gross figure, not the net figure.
Benefits of being compliant
Apart from the obvious, implementation of any energy saving opportunities identified in the audit could lead to significant energy efficiency savings and therefore, financial benefits.
Case study - Beiersdorf
Click below to discover how we helped leading global skin care company Beiersdorf become fully compliant with the ESOS legislation and turn a legislative requirement into a real opportunity to make savings...
FREE webinar: ESOS - is your company obligated? The qualification date is nearing
Friday 7 December 2018 at 10:00am
This webinar aims to provide all the information you need to prepare for Phase 2, the benefits of ESOS and how Comply Direct can help.
The ESOS scheme requires obligated companies to undertake an energy assessment every four years. Therefore, whether you will be obligated for the first time in Phase 2 or if you are following on from Phase 1, this webinar will provide everything you need to know and what you need to do next.
Don't get caught out, act now to avoid maximum fines
The Environment Agency found around 500 organisations that qualified for ESOS in Phase 1 but were not compliant. Over 300 enforcement notifications have been sent out to date, with more to come. Civil penalty proceedings have now been commenced against a number of non-compliant organisations. If you think you may need to ensure compliance with ESOS or would like any further information, please do not hesitate to get in touch with our energy experts.