Streamline Energy & Carbon reporting
What is SECR?
Introduced in April of 2019 after closure of the CRC Energy Efficiency Scheme and Mandatory Greenhouse Gas Reporting for UK quoted companies, the Streamlined Energy and Carbon Reporting (SECR) extends reporting requirements to over 11,900 large UK companies.
Full Guidance can be found HERE (152 pages of joy)
SECR requires that companies include in their annual director’s report the following information for the financial year: energy consumption (electricity, gas, transport), carbon emissions (scope 1 &2), emissions intensity ratio, energy efficiency narrative, and methodology used for reporting.
The reporting period is based on reporting companies’ financial year to align with existing financial and strategic reporting and involved additional data being submitted to Companies House with annual reports.
Which organisations qualify for SECR?
UK companies that fall into SECR are quoted, or large unquoted businesses and LLPs with at least two of the following conditions:
– More than 250 employees
– Greater than £36 million in annual revenue
– Balance sheet greater than £18 million
“Public bodies do not fall under the new regulations, but they are subject to other legislation which requires carbon reporting. It is worth noting that charities, not-for-profit companies or others undertaking public activities – such as companies owned by universities, academies or NHS Trusts – will need to check whether they meet the qualifying criteria.”
Please click HERE to see the levels of Support npower can provide to ensure you comply with SECR