Everything you need to know: ESOS Phase 3
ESOS (Energy Savings Opportunity Scheme) Phase 3 is an obligatory plan that large UK-based businesses must adhere to. Businesses that qualify must...
ESOS, the government-led mandatory reporting scheme for businesses, saw secondary legislation introduced on November 7th.
The legislation introduced new requirements for businesses reporting on their energy consumption. This came as a result of the 2023 Energy Act, which passed in October 2023.
The ESOS Phase 3 reporting deadline is June 05 2024 and, while the Environmental Agency are yet to update their full guidance, a number of key points have emerged.
This is what we know so far:
Net zero targets, although optional for the upcoming Phase 3, are expected to become mandatory for the following phase. As a result, businesses should start to include net zero for Phase 3, to be fully prepared for the next phase of ESOS.
Likewise, organisations will be required to set public targets and action plans by the 05 December 2024 and report on their annual progress thereafter. This can be part of a company’s SECR reporting, or via the ESOS online portal.
As a result, there will be greater visibility and public scrutiny on what companies are actively doing to decarbonise their business practices and work towards the goal of reaching net zero emissions.
With increased pressure for businesses to act on their ESOS recommendations, True offers an ideal solution for businesses to manage their ESOS reporting in a simple and efficient way.
Working with carbon reporting specialists, our team can take responsibility for the entire process of ESOS reporting, uploading all of your emissions data into True, which will visualise the full scope of your emissions and provide carbon cutting actions across your organisation.
As a leading provider of net zero strategies, True will guarantee your ESOS reporting is accurate and your business will not be penalised by the UK government.
Get started with ESOS reporting with True.
ESOS (Energy Savings Opportunity Scheme) Phase 3 is an obligatory plan that large UK-based businesses must adhere to. Businesses that qualify must...
Quick links What is ESOS? Objectives of ESOS Who needs to comply? How does ESOS work? ESOS Phase 1 ESOS Phase 2 ESOS Phase 3 ESOS Phase 4
The government confirmed on 15 March, 2023, that the current scheme would be extended. Targets will be in place from 1 January 2024 to 31 December...