Streamlined Energy and Carbon Reporting (SECR)
We will help you understand and comply with the upcoming Streamlined Energy and Carbon Reporting (SECR) scheme.
The aim of SECR is to further incentivise the improvement of energy efficiency and the reduction of carbon emissions. It’s also hoped that the scheme will reduce some of the administrative burden of overlapping legislation.
Similar qualification criteria to ESOS will apply and SECR will be introduced from April 2019 to coincide with the end of the current CRC Energy Efficiency Scheme.
EIC can help you comply
The detailed guidance for SECR will soon be published. EIC can assist with compliance as well as providing bespoke reporting to ensure that you have real visibility of your energy and carbon emissions both at organisational and site level.
Who needs to comply with SECR?
Large organisations, where two or more of the following criteria apply to a company 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).
What are the reporting requirements?
From 1 April 2019, affected organisations will be 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.
Get in Touch Today
To find out more about SECR, what it means for your business, and how EIC can support you with compliance.