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EU Emissions Trading Scheme (EU ETS)

Help reduce your GHG emissions with the EU ETS

Demonstrate your commitment to low carbon emissions with verification from Lloyd’s Register (LR) against the EU ETS

Overview

EU ETS Phase 3 (EU ETS3) brings harmonised emission allowance allocation methodologies to the scheme and a change from Emission Trading Scheme in Phases 1 and 2, to Emission Trading System in Phase 3.

Before the commencement of EU ETS3, all EU Member States required obligated Installation and Aviation Operators to have baseline data verified by an accredited EU ETS Verifier .

EU ETS3 requires that between 2013 until 2020, inclusive, every obligated Installation and Aviation Operator has their Annual Emission Report (AER) verified by an accredited EU ETS Verifier.

EU ETS Phase 3 Annual verification (EU ETS3 Annual - this product) conducted by an accredited EU ETS Verifier provides obligated Operators with a verification opinion on:
conformance with the EU ETS Directive 2003/87/EC (as amended by Directive 2009/29/EC);

  • conformance with any Member State and National Competent Authority requirements and guidelines applicable to the EU ETS Directive (as amended);
  • conformance of the data submission with Commission Regulation (EU) No. 601/2012, the EU ETS Monitoring and Reporting Regulation (MRR 2012); and
  • verification of data and information in the AER.

What we offer

LR provides independent verification of annual GHG emissions, mandatory since 1 January 2005.   We work with our clients and governing organisations and set clear expectations to all parties on deliverables. Our staged verification approach ensures your verification is cost-effective with minimal disruption and completed within critical timelines.

LR delivers complete assessment based on three pillars: risk-based methodology, themed surveillance and continual improvement.  

Assessment begins with a Stage 1 fact-finding visit to check that the level of implementation of the management system is high enough for us to carry out our stage 2 visit. 

Stage 2 involves performance monitoring, measuring, reporting and reviewing against key performance objectives and targets.  

During Stage 3, we carry out themed surveillance visits aim and hold conversations with Senior Management to confirm that the approved management system continues to be maintained, in operation, and delivering continual improvements.

What are the benefits?

LR was one of the first verification bodies to gain accreditation. With a wealth of sector experience, our verifiers are verification and management system experts, qualified in all aspects of emissions verification. We have an established presence in EU ETS compliance, working with high profile clients in the waste management, utilities, nuclear and government sectors. 

Our unique methodology turns assessment into a powerful management tool to improve and protect performance.   We help you establish the integrity of your system and processes, identify deficiencies against EU ETS requirements at the earliest possible opportunity, recognise opportunities for improvement in the accuracy and completeness of your data, and achieve cost savings and benefits by avoiding penalties and the allocation of allowances.

Why choose LR?

LR was one of the first verification bodies to gain accreditation. With a wealth of sector experience, our verifiers are verification and management system experts, qualified in all aspects of emissions verification. We have an established presence in EU ETS compliance, working with high profile clients in the waste management, utilities, nuclear and government sectors.

Our unique methodology turns assessment into a powerful management tool to improve and protect performance.

We help you establish the integrity of your system and processes, identify deficiencies against EU ETS requirements at the earliest possible opportunity, recognise opportunities for improvement in the accuracy and completeness of your data, and achieve cost savings and benefits by avoiding penalties and the allocation of allowances. 

Your business helps LR to help others
The profits we generate fund the Lloyd’s Register Foundation, a charity that supports engineering-related research, education and public engagement around everything we do. All of this helps us stand by the purpose that drives us every single day: working together for a safer world. 

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28 Feb 18

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7 Mar 18

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2018 IPEIA Conference.

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