Streamlined Energy and Carbon Reporting (SECR) will come into effect from 1st April 2019.
SECR is the government’s new carbon reporting framework, replacing the Carbon Reduction Commitment (CRC) and capturing many more businesses. Businesses that meet the criteria for SECR compliance must report carbon emissions within their annual reports.
Businesses which fulfil any of the below criteria will be required to comply with SECR:
- UK quoted companies
- UK registered unquoted large
companies – defined for SECR as companies which meet at least 2 of the
- 250+ members of staff
- turnover greater than £36M
- balance sheet greater than £18M
- Large LLPs that qualified for Phase 1 of ESOS
- Large unregistered companies that operate for gain and currently have to produce directors’ reports under the Unregistered Companies Regulations 2009.
Those businesses required to comply with SECR will need to include carbon emissions reporting within their annual report for financial years beginning on or after 1st April 2019. This is the earliest data will need to be collected from, to be included in reports that are likely to be finalised around the middle of 2020. The dates for reporting will be determined by the financial year of each individual business. The Environment Agency, the government body responsible for this new legislation, will be providing more details on their requirements in due course.
Purchase Direct will be supporting our customers through SECR. Please contact us on 01707 299100 or email firstname.lastname@example.org if you would like to discuss this further.