What is SECR?
Streamlined Energy and Carbon Reporting (SECR) policy was implemented on 1 April 2019, when the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 came into force and coincides with the end of the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme.
The policy makes it mandatory for large companies to report energy consumption and related carbon emissions in the Director’s Report.
On 1 April 2019, reporting requirements will apply to the first set of accounts beginning on or after 1 April 2019. It is, therefore, possible that the first energy and carbon report will be due shortly after the financial year-end 31 March 2020, meaning that energy consumption data collection should already have started.
For more information please download our helpful guide to the SECR.
The Three Qualifying Measures
If you meet two of these three qualifying measures you may need to include energy consumption and carbon Emissions in your Directors Report each financial year going forward.
Konica Minolta Case Study
KMBS carry out reporting to their global headquarters on energy use and steps taken to mitigate the impact its UK operation has on the environment. This includes reporting utility use at all its operational locations. To enhance this reporting, Trident Utilities were asked to develop a carbon report, which would identify the aspects of the business contributing to its environmental impact, while quantifying the amount of energy used (and against) a measurable value of CO2 emissions.
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