28 September 2012
The Clean Energy Regulator has published the findings of the 2011-12 National Greenhouse and Energy Reporting audit program (PDF 178kB).
The audit program is an important aspect of the Clean Energy Regulator's role in administering the National Greenhouse and Energy Reporting Act 2007.
The purpose of undertaking greenhouse and energy audits is to determine the extent to which corporations, that are required to report, have complied with their requirements under the National Greenhouse and Energy Reporting Act 2007.
The findings released today show that entities liable under the carbon pricing mechanism are well positioned to meet their reporting obligations.
Only 0.3% of the audited scope 1 emissions (considered under the carbon pricing mechanism) included quantifiable errors.
The findings show that we are fulfilling our role effectively by proactively identifying issues in data reported by corporations.
The Clean Energy Regulator will work with those companies who have recorded errors in their reporting to ensure they have the information they need to report correctly in the future.
The audit program is ongoing and the 2012-13 audit program is due to commence in late 2012.