Will your organisation fall under the SECR Regulations?
Following an extensive consultation, in July 2018 the UK government announced its proposed approach to simplify the energy and carbon reporting framework for business and industry. This is being put in place to replace the CRC Energy Efficiency Scheme, which comes to an end in April 2019, with a new streamlined energy and carbon reporting (SECR) framework.
The changes are part of a suite of policies being implemented as part of the government’s Clean Growth Strategy, to deliver on its ambition of enabling business and industry to improve their energy productivity by at least 20% by 2030. Some of the main points from the government’s preferred SECR framework currently being implemented are set out below.
The SERC Regulations will retain the data lost from the CRC reporting, and will affect:
- Quoted companies;
- Large unquoted companies;
- Large Limited Liability Partnerships (LLP)
Large companies are defined by the Companies Act 2006 as those which have two or more of the following criteria for the reporting period:
- More than 250 employees
- An annual turnover greater than £36m
- An annual balance sheet greater than £18m
It is important to note that the SECR Regulations will extend mandatory carbon reporting requirements to more companies. Organisations can fall within these three categories even if not for profit or undertaking public activities e.g. universities or NHS Trusts which include companies.
By: Suzanne Lindsay, Mabbett T: 028 9590 1698
More information on SECR can be found on the Carbon Trust website.