Streamlined Energy and Carbon Reporting (SECR) was introduced in 2019, as legislation to replace the Carbon Reduction Commitment (CRC) Scheme. It was implemented to improve visibility of carbon reporting and encourage energy efficiency in businesses, providing both economic and environmental benefits, supporting companies reduce their costs and improve efficiencies.
THE REQUIREMENTS
SECR REQUIRES OBLIGATED COMPANIES TO REPORT ON THEIR ENERGY CONSUMPTION AND ASSOCIATED GREENHOUSE GAS EMISSIONS ANNUALLY WITHIN THEIR FINANCIAL ACCOUNTS FOR COMPANIES HOUSE. THE LEGISLATION ALSO REQUIRES REPORTING ON ANY ENERGY EFFICIENCY MEASURES AND EMISSIONS WITH REFERENCE TO AN INTENSITY METRIC, E.G. TONNES OF CO2E/£M SALES REVENUE.
BUSINESSES SUCCESSFULLY MEETING SECR OBLIGATIONS ALL FEED INTO THIS COLLECTIVE EFFORT TO DECARBONISE THE UK POWER SYSTEM, DRIVING THE CHANGE REQUIRED TO REDUCE EFFECTS OF CLIMATE CHANGE.
ARE YOU OBLIGATED FOR SECR?
SECR APPLIES TO ALL QUOTED COMPANIES, LARGE LIMITED LIABILITY PARTNERSHIPS AND LARGE UK INCORPORATED UNQUOTED COMPANIES*. LIMITED LIABILITY PARTNERSHIPS AND UK INCORPORATED QUOTED COMPANIES ARE CONSIDERED TO BE LARGE AND MUST COMPLY WITH THE LEGISLATION IF THEY MEET TWO OR MORE OF THE QUALIFICATION CRITERIA BELOW:
- 250 or more employees
- Turnover in excess of £36 million
- Balance sheet in excess of £18 million
* Organisations using less than 40,000 kWh per annum will not be required to report
BEYONDLY DELIVER FULL COMPLIANCE MANAGEMENT
Confirmation of obligation
Data gathering and analysis
Training as required
verification of the final SECR report
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