SECR

(Streamlined Energy and Carbon Reporting)

  • For large organisations
  • Publicly available information
  • Legally part of the Directors Report
  • Effective for Year Ends from 31 March 2020
  • Carbonbit specialist support

What Is SECR?

SECR (Streamlined Energy and Carbon Reporting) legislation was introduced in April 2019. It replaced the previous CRC (Carbon Reduction Commitment) scheme and cover the reporting of carbon emissions and energy efficiency in an organisation. There is much more responsibility on organisations to choose how they want to measure and report their emissions. Specific organisations are obliged to report on figures regarding their energy efficiency measures. Luckily, Carbonbit is here to help you with your reporting, ensuring you meet all reporting requirements and legislation.

Does My Company Need to Comply With SECR?

Suppose you are a quoted or large unquoted company/LLP or relevant public sector body. In that case, you will need to comply with SECR in your annual report next year (on/after 31 March 2020). If your company has two of the following conditions, then you need to comply with SECR:

  • At least 250 employees.

  • An annual turnover greater than £36m.

  • An annual balance sheet over £18m.

There are some companies exempt from SECR compliance:

  • Already covered by a parent company group report (unless the parent company is not registered in the UK)
  • Public and private sector organisations and charities that don’t file reports to Companies House
  • Any companies that use less than 40,000 kWh of energy in the reporting year

 

The Main Objectives of SECR Reporting

  • Reduce the overall administrative burdens on participants
  • Improve the incentive for organisations to increase energy efficiency action by improving measures in place to reduce energy bills and carbon emissions
  • Drive behaviour changes by raising awareness of energy efficiency with organisational decision-makers
  • Boost the importance of energy efficiency concerning the effect on an organisation’s reputation
  • Increase transparency for investors and others so that companies can be held accountable

Get In Touch For More Information On SECR Reporting

Carbonbit will help you develop your SECR roadmap and streamline your reporting procedures to maximise efficiency and optimise disclosure. There are approximately 11,000 organisations that will need to comply. Please don’t leave it too late. Get in touch today to learn more.