Streamlined Energy and Carbon Reporting
What is SECR?
Streamlined Energy and Carbon Reporting (SECR) is a recently introduced legislation which came into force on the 1st of April 2019. SECR has been devised to make carbon and energy reporting easier for companies, by aligning it with existing mandatory reporting procedures. SECR has been introduced to help encourage businesses to increase the energy efficiency of their properties, and at the same time, reduce their carbon emissions.
Who Will SECR Affect?
Under the new SECR legislation three types of business groups will be affected and will need to annually report their Greenhouse Gas emissions along with detailing how they plan to reduce them.
The business groups which will be affected are:
Quoted companies of any size that are already obliged to report their Greenhouse Gas annually.
Unquoted companies incorporated in the UK that are defined as ‘large’ under the Companies Act 2006. This applies to registered and unregistered companies.
‘Large’ Limited Liability Partnerships (LLPs) will be required to prepare and file a ‘Energy and Carbon Report’.
Companies are classified as a large organisation if they meet any of the following conditions:
- They employ 250 or more employees
- They turnover more than £36 million annually
- They have an annual balance sheet total of £18 million or more
How Can We Help?
Although SECR legislation is new, when it comes to carbon and energy reporting, the team here at Compliance365 are extremely knowledgeable. We’d be happy to talk to you about SECR and what it means for your business.
Compliance365 is the trading name of Energy & Compliance Technology Limited. Registered Office 6 Mariner Court, Calder Park, Wakefield, West Yorkshire, WF4 3FL. Registration No 07311760. VAT No. 115198421