Streamlined Energy and Carbon Reporting (SECR)
The Streamlined Energy & Carbon Reporting (SECR) scheme launched in April 2019.
Is your business affected?
SECR requires organisations to report energy and carbon emissions in their annual reports.
The SECR guidelines state that large businesses are required to comment on any energy efficiency projects and provide a description of measures taken to increase energy efficiency.
This means an organisation’s action towards energy efficiency implementation will now be public and must be informative, effective and commensurate with the size and level of energy use of the business.
Which businesses must comply with SECR?
You must comply with the SECR scheme if you are a quoted company, a “large” unquoted company or Limited Liability Partnership (LLP). A quoted company is one whose shares can be bought or sold on the stock exchange. A “large” unquoted company is defined as one which satisfies two or more of the following requirements:
-An annual turnover of £36 million or more
-A balance sheet total of £18 million or more
-250 or more employees
Low energy consuming businesses
Businesses who fit the above criteria but who also consume 40MWh or less during the reporting period are not required to disclose energy and carbon information. However, they are required to state why it is not being disclosed.
What must be disclosed
To comply with the SECR scheme, qualifying companies must disclose:
-Their energy use and greenhouse gas (GHG) emissions for their financial year reporting period
-Energy efficiency actions taken
-Methodology used to calculate the required information
Using Northern Gas and Power’s SECR Services
Build Your Energy Strategy
Our Flexible Purchasing Department allows you to monitor market trends, identify ways to improve your energy strategy and helps develop your energy profile.
Meet all requirements of the SECR scheme through advice from our global team of energy experts.
Combined with Northern Gas and Power’s Bureau, Account Management, and Energy Management Services, our Additional Services Package ensures you’re getting the most for your money.
Reduce Administrative Pressure
Minimise the requirement for energy data collection across your company, allowing our energy experts to handle all the administration on your behalf.