Ensuring SECR compliance with the increasingly complex legislation landscape eats into your valuable time – time better spent on core activities.
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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).For SECR compliance, businesses need to include a detailed analysis of their Scope 1 and Scope 2 emissions, as well as business mileage in their annual published accounts. | SECR came into place in April 2019, and it is a legal requirement for all large UK companies. The aim of SECR is to simplify carbon reporting whilst highlighting to companies where they could reduce energy costs, emissions, and fuel consumption. It is an opportunity for companies 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), however, ESOS covers more Scope 3 emissions. |
If your company is classed as “large” in accordance with the 2006 Companies Act, you will need to carry out SECR compliance and provide a record in your end-of-year accounts. | You will need to comply with SECR if you meet 2 out of the 3 following criteria: A turnover over £36m A balance sheet over £18m More than 250 employees |
The Streamlined Energy and Carbon Reporting needs to be produced annually and needs to be published in the company’s annual accounts.SECR came into place from the 1st of April 2019 and is normally produced at the end of the company’s financial year. |
For SECR compliance, businesses need to include a detailed analysis of their Scope 1, Scope 2 and business mileage in their annual published accounts. SECR has a degree of cross-over with the Energy Saving Opportunity Scheme (ESOS) however, ESOS covers more Scope 3 emissions. Even if producing a SECR is not a legal requirement for you, producing one as soon as possible will only benefit your company. It will show your commitment to tackling the climate crisis to clients and investors and will also improve your brand image and reputation by showing you care.
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To ensure SECR compliance, together we need to:– Determine organisational boundaries– Determine the data collection period– Determine key environmental impacts
| It is an opportunity for companies 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 however, the second one covers more Scope 3 emissions. |
SECR came into place on 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 Scope 1, Scope 2 and business mileage in their annual published accounts. | If you don’t comply with SECR, the Conduct Committee has the authority to apply to the courts for an order requiring directors to prepare a revised report/ set of accounts where the reporting requirements fail to meet the SECR requirements. Late filing penalties will be applied by Companies House and submissions will be rejected where the requirements have not been met. |
What is required for full SECR compliance?
Energy efficiency action taken
At least one intensity ratio
Detailed methodology used
Previous years 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.
Energy efficiency action taken
At least one intensity ratio
Detailed methodology used
Previous years figures (Except for the first year)
UK energy use (as a minimum gas, electricity, and transport, including UK offshore area)
Associated greenhouse gas emissions
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Talk to our Senior Advisors if you need more information about SECR.
They will assess if you qualify for SECR and provide information about the next steps forward. They can also assess you on how to achieve NEt Zero and help you plan your Net Zero strategy.
