The Streamlined Energy and Carbon Reporting (SECR) policy came into force on the 1st April 2019. All qualifying organisations within the scope need to comply starting on or after the 1st April 2019 with the first report due from 31st March 2020, or within the 12 months following to align with your organisation’s financial yearend.
SECR builds on existing requirements that companies may face, these include:
SECR further extends the reporting requirements for companies and aims to bring benefits of carbon and energy reporting to more businesses.
SECR framework is intended to encourage companies to implement energy efficiency measures that have both economic and environmental benefits. Through the correct monitoring of energy usage, there will be long term savings in cost and carbon emissions. The requirement for companies to make annual disclosures on energy and carbon also falls in-line with the G20 Financial Stability Board’s Taskforce on Climate-Related Financial Disclosures. The information provided will ultimately help investors and shareholders find a clearer path to sustainable low carbon energy resources.
There are three groups of businesses that are affected by the new regulations. Companies that fall within the following definitions must comply (unless exempt under specific criteria):
Please contact us if you are unsure if you qualify and we can help to guide you.
Public bodies do not fall under the new regulation however they are expected to comply with other legislation on carbon reporting.
Charities, non-profit companies or other organisations such as universities and academies, or NHS trusts, will need to check if they meet the qualifying criteria mentioned above.
If the qualifying criteria are met, the following must be reported:
In future years, the prior year equivalent figures are also required to be disclosed for comparison, but this is not mandatory in the first year.
Any private sector organisations that fall outside of the scope of SECR regulations are encouraged to voluntarily report using the SECR framework.
Here at Powerful Allies, we take a holistic approach to energy and environmental compliance and fully tailor our service specific to our clients and their needs. We can align the data and metrics established in SECR with ESOS Phase 3, to optimise your consumption, carbon emissions and cost savings. We provide specialist knowledge and technical support to assist in meeting your goals through identifying opportunities for improvement and energy efficiency. We can advise on low carbon technologies, energy saving lighting, and assist with the procurement of renewable energy to reduce the impacts of climate change.
The Powerful Allies team are here to help, please get in touch or call us on 01380 860196.