A brief look into SECR, why it matters, the deadlines and reasoning behind the legislation and how EIC can combine it with ESOS in an economic package suited to your organization’s needs.
The Nuts and Bolts
The UK’s Streamlined Energy and Carbon Reporting Policy (SECR), is a piece of governmental legislation that came into effect April 1st of last year. It seeks to consistently highlight the carbon footprint of companies, whilst encouraging long term strategies that are congruent to UK carbon emissions goals.
To that end, the SECR requires companies to provide a detailed report which includes items such as their carbon emissions and energy efficiency / carbon reduction behaviours implemented to redress their overall carbon footprint.
Established as the Carbon Reduction Commitment (CRC) was ending, last year’s regulations will affect approximately 11,900 companies in the UK, considerably increasing the range of influence that the CRC originally enjoyed.
The scheme affects businesses described as “large organisations” within the Companies House terminology. Therefore businesses which have at least a turnover of £36 million, balance sheet of at least £18 million, or 250 or more employees, will be within this category.
SECR works in cooperation with the pre-existing legislation the Energy Savings Opportunity Scheme (ESOS).
Year 1 – Act Now
Since the SECR came into effect on April 1st 2019, it means that we now sit on the eve of the first regulatory deadline, with the first trench of qualifying businesses financial year ending in March 2020.
For businesses which also qualify for ESOS, the SECR scheme is a useful tool to provide the necessary data sets required for compliance, making the journey smoother.
As such, we felt that the timing was right to remind our readers of the combined ESOS and SECR package that we offer. The fusing of the two services is designed to remove unnecessary stress and inconvenience with the promise of a dedicated Carbon Consultant.
Finally, EIC also offers a 10% discount to any clients that sign up for a 4-year joint service package, our website contains further details on all of our services and we invite you to find out more should they appeal to you.
Please visit our blog here for the latest news regarding SECR.