SECR – don’t delay

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).

Data gathering

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.

SECR – do you meet the compliance criteria?

For the past two decades at Energy Management, we have helped all our clients reduce their energy consumption as well as ensuring they remain compliant with the relevant energy reporting regulations.

From April 1st, 2019, Streamlined Energy and Carbon Reporting (SECR) comes into effect with the aim of simplifying carbon and energy reporting and to promote energy efficiency.

SECR involves reporting energy and carbon emissions on a yearly basis and is mandatory for those businesses who meet certain criteria. This includes businesses that have an annual energy consumption of more than 40,000 kWhs.

If your business meets two of the three criteria listed below in the financial year being reported on, you will need to comply.

  • More than 250 employees
  • £36m or more turnover
  • Balance sheet total of more than £18m

Still unsure? Why not try our free to use SECR checker tool to see whether you are required to comply.

At Energy Management, we have in-house CIBSE qualified lead assessors who will be more than happy to guide you through the compliance process.

For more information on SECR or any other form of compliance, get in touch with a member of the team on 01225-867722 or email sales@energymanagementltd.com.

SECR – all you need to know

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.