The new Streamlined Energy and Carbon Reporting (SECR) framework was introduced in April 2019 to encourage organisations to reduce their energy by 20% by 2030. Approximately 11,900 organisations are affected and will be required to report on their energy consumption and carbon emissions at the end of their financial year.
The businesses who will need to comply with these reporting requirements fall into the following groups:
Unquoted companies or LLPs are defined as ‘large’ if they meet at least two of the following three criteria in a reporting year:
So, if you do meet the qualifying criteria, it’s essential to act. Investing the time to define, establish and maintain a robust reporting framework will provide invaluable long-term compliance assurance. If environmental reporting is new to you, starting this process may take longer.
Here are a few factors to help you get prepared:
If you are unsure about any aspect of the reporting process and would like help and guidance on becoming fully compliant through SECR, contact us today.