With the new SECR regulations coming into effect on 1st April 2019, Energy Management explains how the changes may affect certain businesses …
As of April 1st 2019, Streamlined Energy & Carbon Reporting (SECR) commenced, with the aim of simplifying carbon and energy reporting and promoting energy efficiency. SECR requires businesses to publish all energy and transport consumption and carbon emissions information.
The changes to the previous methods of reporting align SECR with the government’s new Clean Growth Strategy, which targets a 20% improvement in business and industry energy productivity by 2030.
You will need to comply if:
- In the past, you were required to comply with mandatory Greenhouse Gas (GHG) reporting
- Or you meet two or more of the following;
a.) Turnover of £36 million or over
b.) Balance sheet totalling £18 million or over
c.) Number of employees 250 or over
How will this affect your business?
All businesses are now required to publish electricity, gas and transport energy consumption and carbon emissions information alongside annual directors’ reports for financial years beginning on or after April 1st, 2019. As well as this, businesses will need to disclose any energy efficiency action taken in the previous financial year. The government has stated that, as it stands, you will not be required to disclose ESOS recommendations and the implementation of these. It is important to note that this intends to be revisited following evaluation of ESOS phase one.
How do I report?
SECR reporting is due annually and is published alongside annual directors’ reports.
Within the legislation, no specific method of reporting has been stipulated. However, the government will outline what is deemed to be ‘good practice’ when reporting.
Contact us on 01225 867722 and we will work with you to achieve SECR compliance.
In the meantime, please have a look at our SECR Checker Tool to see if you need to comply.