Energy Efficiency
Are you compliant?
Streamlined Energy and Carbon Reporting (or SECR) is the name for the government’s programme of legislation relating to energy, carbon reporting and taxation.
Do I need to comply? UK organisations that fall into the scope for SECR are quoted companies, or large unquoted businesses and LLPs, that fulfill at least two of the following three conditions:
What will I need to do? SECR requires that companies meeting this criteria include the following information for the financial year in their annual director’s report:
SECR replaces the Carbon Reduction Efficiency Scheme (CRC) which ended in April 2019, with SECR replacing the mandatory reporting, and CCL replacing the taxation element. It will affect around 11,900 large UK companies, with approximately 1,100 located in East Anglia. As part of the government’s Clean Growth Strategy, the SECR framework is one of a range of policies designed to support business and industry in improving their energy productivity by at least 20% by 2030.
• at least 250 employees
• energy consumption (electricity, gas, transport; carbon emissions (scope 1 & 2)
• an annual turnover greater than £36m
• emissions intensity ratio (such as tCO2e/£ turnover)
• an annual balance sheet total greater than £18m.
• energy efficiency narrative
The above conditions apply to the financial year in which they are reporting.
• the methodology used for reporting
Public Sector organisations are exempt, and users of less than 40,000 kWh per year are also out of scope.
The reporting period is based on the company’s financial year to align with existing financial and strategic reporting. Reporting is at Group level, but can exclude holdings that do not meet the criteria.
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