SECR

Streamlined Energy & Carbon Reporting

What is SECR?

The Streamlined Energy & Carbon Reporting (SECR) framework relating to public disclosure of carbon and energy use applies to quoted companies and large UK incorporated unquoted companies. SECR requires obligated companies to report on energy consumption and associated greenhouse gas emissions within financial reporting for Companies House.

SECR is a great opportunity to get clear visibility of your energy use and emissions and it provides you with the data to be able to adopt energy efficiency measures to reduce your impact on climate change.

Your business will need to report if:

You are a UK quoted company listed on the main market of the London Stock Exchange; a European Economic Area; or is admitted to dealing on the New York Stock Exchange or NASDAQ
OR
You are a large UK company or large LLP as defined by the Companies Act 2006 (Turnover £36m or more, balance sheet £18m or more, number of employees 250 or more).

How Can We Help with SECR?

Reporting under SECR can be a headache, and with the upcoming move to UK Sustainability Reporting Standards (UK SRS), reporting is only getting more complex.

Luckily, Consultus Sustainability are here to simplify things. Our expert team act as an extension of your business, whether supporting an inhouse sustainability division, or acting as your sustainability team.

Our experienced reporting experts take care of everything for you, including:

Defining your reporting requirements
Collecting and analysing your energy data across multiple sources
Calculating your Scope 1, 2 and 3 emissions using recognised standards
Creating your energy and carbon report in line with requirements

We can even take things one step further and use your SECR report as a base for creating your bespoke Net Zero Pathway or advise on complementary technologies such as submetering to better manage your energy.

Get in touch today and tick SECR off your list!

Key SECR Requirements

What does SECR reporting include?

Quoted companies:

Report on your total annual global energy use and global emissions (Scope 1 & 2 emissions)
Publish an intensity metric within your annual report
Report on any energy efficiency measures put in place within the company
Previous years energy use and GHG emissions (except in the first year)
Methodologies used in calculation of disclosures.

Large UK companies and LLPs:

Report on your total UK annual energy use and associated emissions (Scope 1, 2 & 3* emissions)
Publish an intensity metric within the annual report
Report on any energy efficiency measures put in place within the company
Previous years energy use and GHG emissions (except in the first year)
Methodologies used in calculation of disclosures.

Who is exempt from SECR?

The introduction of a formal statutory de-minimis threshold set at 40,000 kWh per annum exempts companies with energy usage below the threshold from reporting.
An exemption to SECR reporting would also apply to those unquoted companies where it would not be practical to obtain some or all the SECR information.

Is there a deadline?

Businesses were required to implement SECR for financial years beginning on or after 1st April 2019.

Is the scheme enforced?

The Conduct Committee of the Financial Reporting Council is responsible for monitoring compliance of company reports and accounts with relevant reporting requirements. The Conduct Committee can:

Enquire into cases where it appears that relevant disclosures have not been provided
Apply to the court for a declaration that the annual report of accounts do not comply with the requirements.

Start your journey to a greener future

Get in touch to find out more