Streamlined Energy and Carbon Reporting (SECR)

 

Streamlined Energy and Carbon Reporting (SECR) is the greenhouse gas reporting scheme which has replaced the Carbon Reduction Commitment (CRC) from April 2019. 

If you’re looking for a quick and easy-to-use tool to calculate your carbon emissions for your Streamlined Energy and Carbon Reporting (SECR) for your next annual strategic report, look no further:

 Compare Your Footprint is an online carbon reporting tool that we’ve developed to help any type of organisation comply with SECR. It takes less than a minute to register and you can immediately start entering your energy data, pay what you feel it’s worth and produce your carbon footprint. – 

Green Element is here to make the process easy and smooth.  We have a team of experts in energy management, energy-reducing strategies, data capture.

If you’d like to get help, a quote or advice with your SECR reporting, please ring us on 020 70960054 or 07977 517128  or email Emma to work out the best solution for your company.

The government has published an update to its mandatory greenhouse gas emissions reporting guidance covering Streamlined Energy and Carbon Reporting (SECR) which you can download here 

Who is required to report SECR?

  • Applicable to all quoted companies and large UK incorporated unquoted companies with at least 250 employees or annual turnover greater than £36m and annual balance sheet total greater than £18m (two criteria or more must apply).
  • Organisations using low levels of energy (less than 40,000 kWh per annum) can opt out.
  • Inclusion of Limited Liability Partnerships.

The Climate Change Levy (CCL) has increased in April 2019 to 0.847 p/kWh from 0.583 p/kWh for electricity, with similar percentage increases for the other qualifying fuels.

What energy and carbon information must be reported under SECR?

  • Mandatory reporting of energy use and associated Scope 1 and 2 greenhouse gas emissions on an annual basis via the current system of company accounts reporting.
  • Energy in the scope of the new SECR legislation includes all UK electricity, gas, and transport energy use.
  • For the GHG calculations, details of the methodology and a suitable carbon intensity metric must also be included.
  • For large unquoted companies the scope of SECR includes all energy use within the UK
  • For quoted companies registered in the UK the scope continues to include global energy use and carbon emissions
  • Companies are required to report on energy efficiency actions taken over the previous year
  • SECR allows exemptions from disclosing their SECR information where it is not practical to do so. There is an exemption from disclosing information which the organisation’s directors think would be damaging to the interests of the company

What does Streamlined Energy and Carbon Reporting mean for my organisation?

The impacts of the new legislation varies depending on your pre-existing non financial reporting requirements:

If you were already reporting under Mandatory Carbon Reporting (MCR), the only change is the inclusion of energy use and energy efficiency measures in the reporting requirements.

If you were reporting and purchasing carbon allocations in the CRC scheme, the SECR regulations replace the reporting side of CRC and the charging is replaced by increased Climate Change Levy (CCL)

Those private sector organisations who did not have to report under CRC nor MCR are seeing the largest change.  Now that unquoted large organisations have to include environmental data in their annual strategic report, this introduces annual public disclosure of UK energy use and carbon emissions to over 11,000 organisations, up from approximately 1,600 required to report for MCR.

From April 2019, many large unquoted companies now have to report on energy and carbon for the first time. Navigating the complex reporting landscape, gathering the necessary data from energy and transport suppliers, calculating the greenhouse gas emissions using the correct emissions conversion factors, and translating the energy saving opportunities into measurable action can appear a large challenge.

 

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