From 1st April 2019 a new reporting framework came into effect in the UK - Streamlined Energy & Carbon Reporting (SECR). This comes after the final reporting year of the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme which comes to a close this year. The introduction of SECR means that large companies will be required to continue reporting their carbon emissions on an annual basis.
Who will it affect?
SECR is expected to affect around 11,900 businesses. This includes all UK quoted companies or UK listed companies with two of the below:
There are exemptions for businesses whose energy use is 40,000 kWh or less over the annual period. Exemptions are also available where it would not be practical to obtain the necessary information or where it may be detrimental to the interests of the company.
Where group-level reporting is undertaken, any subsidiary that would not be obliged to report in their own right can be excluded.
What needs to be reported?
Information should be included in companies’ annual Directors’ Report (or equivalent). An overview of energy efficiency measures that have been undertaken should be included in the report, as well as an energy intensity metric.
What about paying for the carbon you have emitted?
Unlike the CRC no financial payment relating to emissions is required. Instead, the Climate Change Levy (CCL) has increased as of 1st April, by approximately 31% for electricity and 40% for gas.
How can Focus FM help?