Streamlined Energy and Carbon Reporting (SECR) was introduced in 2019 to replace the Carbon Reduction Commitment (CRC) scheme and requires qualifying companies to measure and report on their energy consumption and greenhouse gas emissions.
The purpose of the legislation is to increase the awareness of climate change and how it impacts the world. This raises organisations’ awareness of their current carbon emissions and the steps they can take to reduce them across their daily operations.
While an opt-out option exists for organisations that use less than 40,000 kWh per annum, we expect the number of companies falling under the scheme to be around 12,000 although many organisations are choosing to use this legislation as a voluntary mechanism to drive their sustainability plans.
Complying with SECR can be a daunting task for companies without specific energy or utility related expertise. This is why Boxfish have invested heavily in our capability to deliver SECR compliance in full on your behalf.
The first carbon reports under SECR were required to be included in qualifying company’s annual accounts from 01 April 2020 onwards, and Boxfish have now completed 000’s of submissions. Although there’s no requirement to have SECR signed-off by a specialist, why not let our expert team take away the hassle.
With 27 years of experience, Boxfish are experts in completing your business’ SECR compliance on your behalf. To find out whether your business meets the requirements for SECR compliance, book your free, no obligation review.
You are required to comply with SECR if your business meets 2 out of 3 of the following criteria:
A turnover of £36m or more
A balance sheet of £18m or more
250 employees or more
To find out more about the SECR compliance requirements, check out our recent blog.
Although SECR compliance doesn’t have a fixed deadline, businesses need to submit a compliant SECR report as part of their annual accounts.