Streamlined Energy and Carbon Reporting comes into force today – are you affected?
Following a government shake up of carbon tax and reporting regimes, the new Streamlined Energy and Carbon Reporting framework comes into force today (1st April) for many UK organisations.
SECR, as it is known for short, affects an estimated 11,900 firms, who will need to report on carbon and energy use annually.
Who is affected by SECR?
We’ve written a detailed SECR guide for companies affected by the scheme, but in a nutshell, SECR will apply to quoted companies, all large unquoted companies, and all large LLPs. ‘Large’ is defined as having at least 250 employees or an annual turnover greater than £36 million, and an annual balance sheet total greater than £18 million.
Many firms will be reporting on carbon and energy use for the first time through the scheme.
When is the reporting deadline?
SECR applies to financial years starting on or after 1st April 2019. Organisations will need to include a carbon and energy report along with their annual accounts filed with Companies House in 2020.
How Concept can help
Our detailed SECR guide will help you to get to grips with SECR, but if you’re not sure whether your organisation is affected, we can advise you on your obligations.
We can also take care of the whole process, helping you to collate the required energy and carbon data and compile your mandatory report.
If you want to go further than compliance, we can also interpret your data and provide recommendations on cost-effective ways to become more energy efficient: saving you money and reducing your carbon footprint. We can even project manage your efficiency upgrades.
If you’d like to talk through SECR compliance with one of our experts, please get in touch.