The New Streamline Energy and Carbon Reporting (SECR) Regulations
The new Streamlined Energy & Carbon Reporting (SECR) regulations came into effect in April 2019 to replace the Carbon Reduction Commitment (CRC).
The purpose of the regulation is to reduce the complexity of carbon and energy reporting and broaden the scope for reporting compliance.
The regulation applies to all UK quoted and unquoted companies, as well as Limited Liability Partnerships (LLPs) that meet two or more of the following criteria:
Turnover more than £36 million
Balance sheet total more than £18 million
More than 250 employees
Companies using 40,000 kWh or less of energy in the 12-month reporting period will be exempt, as will those unquoted companies where ‘it is not practical to obtain information’.
The following information must be reported:
Scope 1 and 2 GHG Emissions
Energy usage (kWh)
At least one intensity metric
Previous year’s figures for energy use and GHG emissions
Narrative of measures taken to reduce energy usage and if possible, the extent of energy savings. If no measures have been undertaken, then this should be stated.
Proportion of energy consumption and GHG emissions related to the UK (Quoted Companies)
It is not mandatory to report Scope 3 emissions. However, it is encouraged to increase transparency.
The methodology for calculating emissions and energy use must be disclosed and deemed as robust, transparent and widely accepted.
Disclosures should align with the company’s financial year and be reported within the Directors’ Report.
For LLPs an equivalent Energy and Carbon Report should be prepared and must be approved by the LLP’s members and singed on behalf of the LLP.
How can Adapt support you?
Through our expertise, we can assist you in understanding how the SECR regulations impact your business and support you in collating the necessary energy and GHG emission data to publish a compliant report.
We strongly believe that this should be more than a calculation exercise and are committed to supporting companies identify beneficial activities that will reduce energy usage and GHG emissions.