Streamlined Energy and Carbon Reporting (SECR)
Act Sustainably can assist you in achieving compliance with SECR.
What is SECR?
Streamlined Energy and Carbon Reporting (SECR) is the UK Government’s name for the replacement legislation to a number of pre-existing, now expired programmes covering energy and carbon reporting and taxation.
SECR came into force on 1 April 2019 and applies to financial years starting on or after 1st April 2019.
The SECR reporting requirements for qualifying large companies are;
Large unquoted companies and LLP’s
- UK energy use ( as a minimum gas, electricity, and transport including offshore area);
- Associated greenhouse gas (GHG) emissions;
- Energy use and GHG emission figures from the previous year (exempt in 1st year);
- At least one emissions intensity ratio;
- Narrative on energy efficiency measures;
- Details of methodology used.
Quoted companies
- Annual, global GHG emissions from activities for which the company is responsible, including combustion of fuel and operation of any facility, and the annual emissions from the purchase of electricity, heat, steam or cooling by the company for its own use;
- Underlying global energy use;
- At least one emissions intensity ratio;
- Narrative on energy efficiency measures;
- Details of methodology used.
SECR is separate from the Energy Savings Opportunities Regulations (ESOS), although many of the organisations in scope of SECR will also qualify for ESOS.
Does SECR apply to my organisation?
Your organisation must comply with SECR if you meet two of the following criteria;
- turnover (or gross income) of £36million or more;
- balance sheet assets of £18 million or more;
- 250 employees or more.
How Act Sustainably can help?
Collating and calculating your greenhouse gas emissions can be a complicated process. We’ve already helped over 60 organisations achieve compliance with energy related legislative obligations.
Our Approach
Our SECR compliance services can include;
- A review and calculation of your total, in scope energy use, to include as a minimum purchased electricity, gas, and transport and associated greenhouse gas emissions;
- If required, a review of the previous year’s figures for energy use and GHG emissions;
- Information about energy efficiency actions taken;
- Production of a SECR Report, which summarizes the above and includes an explanation of the methodologies used in the calculation of disclosures. This report can be inserted as the Energy and Carbon section of the Directors Report to comply with the new Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018.
Whatever stage your operations are at, we can assist you.
SECR Enforcement
SECR will be enforced by The Conduct Committee of the Financial Reporting Council – penalties for non-compliance could be substantial if comparable to those of ESOS or the CRC (fines of £40,000 plus have been issued).
Have a question?
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