What is SECR?
Streamlined Energy and Carbon Reporting (SECR) is government policy requiring large organisations to disclose their energy use, greenhouse gas emissions, and related information. The aim is to further incentivise energy efficiency and the reduction of carbon emissions.
SECR came into force in April 2019 and coincides with the end of the CRC Energy Efficiency Scheme. Ricardo Energy & Environment can assist with your SECR compliance and provide bespoke reporting to demonstrate your energy use and carbon emissions at an organisational and site level.
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Who qualifies for SECR?
Organisations where two or more of the following criteria apply within a financial year:
- More than 250 employees.
- Annual turnover greater than £36m.
- Annual balance sheet total greater than £18m.
Public sectors and organisations consuming less than 40,000kw are exempt. There is no exemption for involvement for energy used in other schemes – e.g. Climate Change Agreements (CCAs) or EU Emissions Trading Scheme (ETS). In total, it’s estimated that 11,000 organisations will need to comply with SECR.
What do organisations need to do?
Affected organisations are required to:
- Make a public disclosure within their annual directors’ report of energy use and carbon emissions.
- Report using a relative intensity metric e.g. tCO2/number of employees.
- Provide a narrative on energy efficiency actions taken during the reporting period.
Reporting will align with an organisation’s financial reporting year.
What are the timeframes?
- Quoted companies have been required to include their carbon disclosures within their Directors’ Report since 20 September 2013 as part of ‘The Companies Act 2006 (Strategic Report and Directors’ Report)
- The first publication of reports which must comply with 2018 regulations is expected to be filed with Companies House in 2020, and applies to financial years that start on, or after, 1 April 2019.
- Reporting depends on companies usual reporting year (see table below)
What does Ricardo Energy & Environment offer?
Our service provides:
- A dedicated and experienced team of Carbon Management consultants and analysts
- A project briefing and regular updates on progress
- Data collection, analysis and evaluation of emissions, using appropriate emissions factors and intensity metrics
- A bespoke report detailing your energy use, carbon emissions and recommendations for energy efficiency measures
- Finalised figures to be disclosed in the Directors’ Annual Report
- Full management of the compliance process, including the evidence pack
- Optional site visit(s)
How do I get in touch?
Please contact Simon Morris on the form to the right of this page for more information or to request a quote.
Where can I find further guidance material?
Guidance is provided within Chapter 2 (pages 25-44) of the BEIS ‘Environmental Reporting Guidelines’ (Published 31st January 2019)