What is SECR?
Streamlined Energy and Carbon Reporting, or SECR for short, is a piece of legislation from the UK Government which replaced the Carbon Reduction Commitment (CRC).
SECR came into place from 1st April 2019 and it is a legal requirement for all large UK companies.
For SECR compliance businesses need to include a detailed analysis of their energy consumption, greenhouse gas emissions and energy management projects in their annual published accounts.
The aim for SECR is to simplify carbon reporting whilst highlighting to companies where they could reduce energy costs, emissions, and fuel consumption. It is an opportunity to make energy policy and management decisions to benefit the company and the planet.
SECR has a degree of cross over with the Energy Saving Opportunity Scheme (ESOS) scheme.
SECR does not charge for emissions like CRC does, instead the Climate Change Levy (CCL) has been increased to cover reduced tax revenue, from 0.583 p/kWh to 0.847 p/kWh.
Does my company need to comply with SECR?
“Large” companies are those that meet 2 out of the 3 following criteria you will need to do a SECR report:
- A turnover over £36m
- A balance sheet over £18m
- More than 250 employees
In addition, all UK quoted companies (MGHG) will need to submit an SECR report.
Businesses that use less than 40MWh over the reporting period are exempt, but a statement confirming your energy use at this level still needs to be included. Public sector organisations are exempt from having to submit SECR reports.
What is required for full SECR compliance?
Unquoted and quoted companies are required to supply much of the same information but with a few differences. As a minimum companies need to supply:
| Quoted Companies SECR |
| Energy efficiency action taken |
| At least one intensity ratio |
| Detailed methodology used |
| Previous year’s figures (Except for the first year) |
| Underlying global energy use |
| Annual Green House Gas (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. |
| Unquoted Companies and Limited Liability Partnerships (LLPs) |
| Energy efficiency action taken |
| At least one intensity ratio |
| Detailed methodology used |
| Previous year’s figures (Except for the first year) |
| UK energy use (as a minimum gas, electricity, and transport, including UK offshore area) |
| Associated greenhouse gas emissions |
How can Enistic help with your SECR reporting?
We’ve helped some of the best-known brands, and largest companies in the UK comply with SECR regulations. We have the expertise and know how to successfully guide you through the process.
Our proprietary energy management software, PLATO, can help you to manage, analyse and act on your SECR data.
Working with us for your SECR needs we guarantee:
- 100% legal compliance
- Fast and accurate reporting
- Increased stakeholder trust
- A full energy overview helping you target operational cost efficiencies
- Services tailored to your business
Our clients
Companies from a wide range of sectors trust us for their SECR complaiance.
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