In the wake of the coronavirus pandemic, the government has offered companies the option of a three-month extension before they need to file their financial accounts.
Ordinarily, the information is due on 1st April but for those companies that chose to apply, the deadline has been pushed back to the start of July.
This also applies to the new system for carbon and energy reporting, SECR, which is now included as part of the end-of-year accounts.
Clearly this will be welcomed by some in these challenging economic times, but as SECR is an unfamiliar paradigm with a lot of data to be collected, it would be prudent for companies that do decide to use the extension to still act sooner rather than later.
The new regulations will require an estimated 11,900 companies incorporated in the UK to disclose their energy and carbon emissions – a far greater number than were required to act under the old Carbon Reduction Commitment Energy Efficiency Scheme (CRC).
As an external consultancy with expertise in compliance and energy-related legislation, we can collate, analyse and present this sustainability data for you.
Whilst the energy and carbon reporting data is not audited in the same way as a company’s finances at present, this is not to say it won’t happen in the future.
And as climate change is one of the top global issues, it is increasingly likely that companies will be judged by potential customers on their carbon footprint and attitude towards sustainability.
With the information now in the public domain, companies have an interest in reporting their emission figures so that they make sense in the context of their organisation, not least because the data is now in the public domain.
If you would like any advice or help in making sure you are SECR compliant, please get in touch on 01225-867722 or visit our dedicated web page.