Do you understand Streamlined Energy & Carbon Reporting (SECR)?
Posted on 15 November 2019.
The Streamlined Energy & Carbon Reporting (SECR) framework came into effect in April 2019 and coincides with the closure of the CRC Energy Efficiency Scheme.
SECR applies to quoted companies, large unquoted companies and large Limited Liability Partnerships (LLP) if they satisfy two or more of the following requirements:
- Turnover £36 million or more pa
- Balance sheet total £18 million or more
- Number of employees 250 or more
SECR is subject to the same compliance rules as financial reporting for Companies House. Therefore reporting energy usage will attract the same penalties as late financial filing and if energy was unreported or misreported through SECR, a named director or the organisation may be taken to court and could face an unlimited fine. SECR applies to reports for financial year starting on or after 1 April 2019. The first report is expected to be filed with Companies House in 2020. Are you ready?
JRP can help you meet the reporting requirements and improve energy efficiency and reduce greenhouse gas emissions. The extent of our help will depend on whether your organisation just wants to comply with the requirements of SECR or actually to achieve energy efficiencies.
We have created a purpose built SECR Reporting Tool that will simplify the reporting process as it will just need to be updated every year. The SECR Reporting Tool collates all information required for a SECR Report in one comprehensive, user friendly central hub for all your SECR compliance data, analysis, records and supporting evidence, allowing all data and documents to be easily stored, viewed, referenced and linked. Information is presented clearly, consistently, and is easy for all stakeholders to understand.
We’ve produced a fact sheet to help you understand what this will mean for your organisation and to answer any questions you may have. You can download this leaflet here. If you have further questions, need support to ensure you comply or would like a free Energy Compliance Healthcheck please call us on 0800 6127 567 or email email@example.com.