The UK Government’s Streamlined Energy and Carbon Reporting (SECR) policy went live on 01 April 2019 and coincides with the end of the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme. The SECR framework is intended to encourage the implementation of energy efficiency measures, to unlock economic and productivity benefits and achieve real reductions in the UK’s carbon emissions.
The scope of SECR is wider than previous legislation, making it applicable to all quoted companies and large UK incorporated unquoted companies with at least 250 employees, or annual turnover greater than £36,000,000 and annual balance sheet total greater than £18,000,000.
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 jump up to around 12,000, from approximately 1,200 who were required to report similar data under the Greenhouse Gas Emission.
As the first carbon reports under SECR were expected to be included in your annual accounts from 01 April 2020 onwards, now is the time to consider ongoing framework compliance.
Unlike the Energy Savings Opportunity Scheme (ESOS), there isn’t a requirement to have SECR signed-off by a specialist, meaning many organisations could in theory do it ‘in-house’. However, complying with energy and environmental legislation can be a daunting task for companies without specific energy or utility related expertise, which is why we’ve invested heavily in our capability to deliver SECR in full on your behalf.
Our SECR support service is live and ready to go. With over 25 years of experience in delivering real-world energy efficiency improvements, we can get you through to compliance efficiently and cost-effectively.
Now is a great time to find out how we can help to develop your carbon intensity metric baseline and reduce your environmental impact.