EarthCheck

COMPLIANCE

The Cost of Compliance

The move towards emissions trading schemes (ETS) and putting a price on carbon represents a significant reform for global economies. It will have both direct and indirect impacts on the tourism industry and it's likely that operators will be left grappling with how to overcome three main challenges.

They are:

1.    How to deal with new regulatory compliance demands relating to water, waste and energy;

2.    How to absorb the flow-on cost impacts of the carbon tax;

3.    The introduction (in time) of an ETS and how this may impact the viability of the business in the long term if measures are not taken in the short to medium term to increase efficiencies and manage consumption better.

All of the above has the potential to erode margins and increase costs. However, few tourism operators - other than the airlines - are likely to pay a carbon tax in a direct sense. Most though, will face input cost increases through the supply chain as carbon tax costs from other sectors such as transport and energy are passed on.

You can't manage what you can't measure

The ability to collect and accurately measure emissions data is now critical in driving commercial decisions. Tourism businesses need to be confident that their data measurements are accurate and their reporting systems robust. Businesses should also ensure that the process of data gathering is reliable and repeatable year-on-year.

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An industry solution

The tourism industry must take responsibility for its overall footprint and this is best done through sustainable approaches to design, construction, operations and refurbishment of assets. This requires retraining and education of staff, suppliers and guests, which is why EarthCheck's suite of programs, training and consulting services are seen as a must-have by the leaders in tourism.

International Relevance

EarthCheck complies with the Intergovernmental Panel for Climate Change (IPCC) Guidelines for National Greenhouse Gas Inventories, the World Business Council for Sustainable Development (WBCSD) Greenhouse Gas Protocol, and the International Organisation for Standardization (ISO) 14064 range of standards for greenhouse gas accounting.

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