Streamlined Energy and Carbon Reporting (SECR) are part of 2018 regulations brought into The UK. The 2018 Regulations bring in additional disclosure requirements for quoted companies. The 2018 Regulations also introduce requirements for large unquoted companies and limited liability partnerships to disclose their annual energy use and greenhouse gas emissions, and related information.
Covered in this page are:
- Who is affected by SECR?
- What needs to be reported?
- What is the reporting deadline?
- How can Accuvio help us be SECR Compliant?
- Benefits and features of Accuvio
Who is affected by SECR?
- Quoted companies;
Quoted companies in this respect are those whose equity share capital is officially listed on the main market of the London Stock Exchange; or is officially listed in a European Economic Area State; or is admitted to dealing on either the New York Stock Exchange or NASDAQ.
Quoted companies may determine the scope and boundaries of their reporting emissions as determined in the GHG protocol and state these clearly such as the use of the operational control approach. Where alternative reporting methodologies are used, these should be referenced clearly.
- Large unquoted companies;
- Large Limited Liability Partnerships (LLPs):
The qualifying conditions are met by a company or LLP in a year in which it satisfies two or more of the following requirements:
• Turnover: £36 million or more • Balance sheet total: £18 million or more • Number of employees:250 or more
Remember you may fall within these categories even if not for profit or if undertaking public activities e.g. are registered companies or are companies/LLPs owned by universities, academies or NHS Trusts.
What needs to be reported?
Under changes introduced by the 2018 Regulations, large unquoted companies and large LLPs are obliged to report their UK energy use and associated greenhouse gas emissions as a minimum relating to gas, electricity and transport fuel, as well as an intensity ratio and information relating to energy efficiency action, through their annual reports.
Quoted companies of all sizes continue to be required to report their global greenhouse gas (GHG) emissions and an intensity ratio through their annual reports. Additionally, they are now required to report their total global energy use and information relating to energy efficiency action alongside the methodology used to calculate the new and existing disclosure requirements.
What is the reporting deadline for SECR?
The new requirements apply to reports for financial years starting on or after 1 April 2019.
The table below gives an example of the first financial year for which the relevant Report must comply with SECR for organisations with different reporting year start dates.
How can Accuvio help us be SECR compliant?
- Automatically converts energy use to GHG emissions
- Ability to calculate underlying global energy use
- Reports and charts at the click of a button
- Can track:
- Combustion of fuel
- Purchase of:
- Heat, steam or cooling
Benefits and features of Accuvio
- Automatic Unit and Energy Conversions
- All your SECR compliance needs covered-avoid civil penalties
- Easy to use, intuitive software
- Exceptional customer service
- Large Scale Bulk Multi-Site upload capability
- Time efficient templated reporting
- Ability to upgrade to:
- Calculate emissions from all scope 1, 2 and 3 activities
- Calculate the company global footprint
- Integrated Survey module
- Corporate reporting (GRI, CDP, DJSI etc)