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Do not avoid the new EU energy audit

June 9, 2015 | Financial Saviour

New research from BTG Green has highlighted that many companies could be named, shamed and face fines of up to £50,000 for failing to comply with new Environmental Agency requirements.

Even more alarming is the fact that a majority of these 16,000 UK companies are unaware of the new mandatory requirements with now less than six months until the compliance deadline.

It all comes as part of the Environmental Agency’s new Energy Savings Opportunity Scheme, known as ESOS, which was officially unveiled last year as a response from the government to new EU Energy Efficiency Directives; the overall objective being companies identifying where energy efficiency can be improved, and then successfully carrying out these measures.

Before the 5th December 2015 deadline, UK companies with over 250 employees or with an annual excess turnover of €50m, just under £39m, and an annual balance sheet excess total of €43m, just over £33m, must ensure a qualified lead assessor for ESOS audits the company energy consumption across buildings, transport and other activities. This will help initially identify energy savings and the assessment will then be formally submitted to the Environmental Agency.

Failure to comply with the ESOS assessment could result in public shaming and potential huge fines of up to £50,000, not to mention severe damage to the reputation of the company when details of the non-compliance are revealed.

Many companies remain unaware that this EU Energy scheme even exists, so don’t fall behind and put your company at unnecessary risk. For any help and advice on the matter, contact the team at Financial Saviour and we’ll fully assess your situation right away.

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