The UK government’s Streamlined Energy and Carbon Reporting (SECR) policy was implemented on 1st April 2019, when the Companies (Director’s Report) and Limited Liabilities Partnerships (Energy and Carbon Reporting) Regulations 2018 came into force.
Businesses in scope need to comply for financial years starting on or after 1 April 2019 and therefore need to understand their requirements under SECR. SECR builds on, it does not replace the existing requirements that companies may face, such as mandatory greenhouse gas (GHG) reporting, the Energy Saving Opportunity Scheme (ESOS), Climate Change Agreements (CCA) Scheme, and the EU Emissions Trading Scheme (ETS). SECR extends the reporting requirements for companies and mandates new annual disclosures for large unquoted and limited liability partnerships (LLPs).
SECR aims to bring the benefits of carbon and energy reporting to more businesses. The reporting framework is intended to encourage the implementation of energy efficiency measures, with both economic and environmental benefits, supporting companies in cutting costs and improving productivity at the same time as reducing carbon emissions.
The team at Pro Enviro includes specialists in the monitoring and management of carbon emissions and also includes qualified accountants, making us the ideal partner to help you meet your SECR obligations and create opportunities to reduce your energy consumption.
Having defined the scope of the requirement for your business we will:
Our report will be in a format suitable for inclusion in the company’s annual report and all source documentation and assessments will be provided for inclusion in the company’s statutory audit file.
Three groups of businesses are affected by the new regulations. Companies that fall within the following definitions must comply unless they meet certain exemption criteria:
Unquoted companies or LLPs are defined as ‘large’ if they meet at least two of the following three criteria in a reporting year:
To read the full government response and the final Impact Assessment follow the link:https://www.gov.uk/government/consultations/streamlined-energy-and-carbon-reporting