What is SECR?
From 1st April 2019 the UK government made it mandatory for large businesses, including charitable companies, to annually report on their energy and carbon emissions as well as any efficiency measures they’ve taken throughout the year.
Who does this affect?
All quoted companies in the UK need to comply, as will unquoted companies that meet the Company’s Act 2006 definition of “large”. Large LLPs will also be required to prepare and file an Energy and Carbon report.
Large is determined if it meets two of the following:
Annual turnover of more than £36m
Annual balance sheet of over £18m
There is an exemption for businesses who use 40Mwh or less over the reporting period, however you’ll need to include a statement confirming your energy use. Public sector organisations are also exempt.
What are the benefits?
There are direct benefits to your organisation in the measuring and reporting of environmental performance:
Benefit from lower energy and resource costs.
Gain a better understanding of exposure to the risks of climate change and demonstrate leadership, which will help strengthen your green credentials in the marketplace.
Helpful use of environmental KPIs to capture the link between environmental and financial performance.