ESOS, EU ETS, CCA, CHPQA, Carbon price support, EPCs, DECs, TM44 (Fgas), Building Regs Part L, Combustion Plant Directive, ECA's - it can be bewildering! Few people really understand the requirements of all these regulations and even less are aware of the potential consequences if they do not comply! And, to add to all these, there is now the new Streamlined Energy & Carbon Reporting (SECR) framework.
SECR came into effect in April 2019 and coincides with the closure of the CRC Energy Efficiency Scheme. It is a part of the UK government’s on-going commitment “to help businesses to improve energy efficiency and reduce carbon emissions. It aims to build on other nationwide mandatory energy and carbon reporting schemes like ESOS and Green House Gasses reporting (GHG)”.
What does this mean for you and what happens if you don’t comply?
SECR is subject to the same compliance rules as financial reporting for Companies House. Therefore reporting energy usage will attract the same penalties as late financial filing and if energy was unreported or misreported through SECR, a named director or the organisation may be taken to court and could face an unlimited fine.
SECR will affect all quoted companies and organisations (as defined by the cmpanies act) in which two of the three following criteria’s apply:
• over 250 employees,
• annual turnover greater than £36m and
• an annual balance sheet of greater than £18m
This is different to the ESOS threshold, which defines a ‘large’ organisation from Article 8 of the Energy Efficiency Directive (see Note 1 below). Currently requirements for GHG emission reports only apply to quoted companies. SECR means extending the number of organisations that report information such as energy and carbon (GHG) from 4,000 organisations (and 1,200 in public and private sector) under CRC to 11,900 (approximately).
We are currently offering a free energy compliance health check which looks at all 12 of the current regulatory schemes, which you need to comply with, whether you are meeting all the criteria and whether any efficiencies could be made in your processes.
If you are not sure what schemes your organisation should comply with and whether you meet the criteria, email your contact details to firstname.lastname@example.org to request a free energy compliance healthcheck or call us on 0800 6127 567.
N.B. The information contained in this entry is provided by the above supplier, and does not necessarily reflect the views and opinions of the publisher