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Survey: More than 75 Percent of Energy and Utility Professionals Expect an Increase in Environmental Regulations During President Obama’s Second Term

Enviance, Inc., a global provider of Environmental ERP (EERP) solutions that measure, manage, report and reduce environmental and regulatory risks, today announced from EUEC 2013—America’s largest energy, utility and environmental conference—the results of its fourth annual environmental compliance survey, administered with attendees from the show floor. This year’s survey tackled several critical topics, including carbon emissions management and water usage; the number of organizations with a system in place to track, report, and manage their carbon emissions; and the impact of certain political trends and events, such as AB 32, the presidential election and a carbon tax or price.

The survey of energy and utility industry professionals attending EUEC found the following results:

  1. Carbon Tax: This year’s survey showed that two-thirds of respondents do not have a plan in place to manage the financial risk associated with the imposition of a cost on carbon, either through cap and trade or a tax. In last year’s survey, more than three-fifths of respondents said they thought the imposition of a carbon tax would impact their organization.
  2. AB 32: Is AB 32—under which California initiated its first carbon credit auction in November 2012—a paper tiger or is it simply too early in its implementation for companies to feel its impact? At EUEC, 72 percent of those surveyed said they thought AB 32 would not have any sort of impact on their organization.
  3. Regulation Reporting Systems: Nearly half of respondents with emission reporting requirements indicated that they had no actual reporting system in place. Of the group without any reporting system, about one-third reported that they were not currently evaluating any systems to help them meet their reporting requirements.
  4. Water Management: Two-thirds of respondents said that water management is of equal or greater value to them as managing carbon emissions. This is a big increase from 2012 when more than half of respondents indicated that water management was either of no importance, or less important than carbon emission reporting.
  5. Election Results: 77 percent of attendees said they believe the results of the presidential election will mean an increase in environmental regulations over the next four years.

“The fact that nearly half of those with emission reporting requirements have no actual reporting system in place may be best explained by a combination of election-year wishful thinking and a sputtering economic recovery,” said Lawrence Goldenhersh, President and CEO of Enviance. “The re-election of President Obama, followed by his highlighting of climate in his inauguration speech, and a resurgent economy, assure that the drum beat of federal regulatory pressure on greenhouse gas emitters will continue and probably intensify. In light of this momentum, companies without a compliance management system should consider implementing one to avoid an otherwise inevitable escalating spiral of risk and cost.”

For more information about Enviance’s survey of EUEC conference attendees or to schedule an interview to discuss the survey results, please contact enviance@schwartzmsl.com.

About Enviance

Enviance is the leading provider of Environmental ERP software, with more than 17,000 users in 49 countries. Our comprehensive solutions have been developed, tested and proven by serving the world’s leading corporations and government organizations for over a decade. As the world business community faces increasing sustainability challenges, Enviance Environmental ERP solutions enable organizations to measure, manage, and report environmental performance and compliance needs. The Enviance system leverages cloud computing technology to deliver its Environmental ERP platform online in real-time—anytime, anywhere and enterprise-wide. Founded in 1999, privately held Enviance is based in Carlsbad, California. For additional information, visit http://www.enviance.com.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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