Is SECR reporting mandatory?
Large unquoted companies and large LLPs are required to report on: UK ONLY energy use (as a minimum gas, electricity and transport, including UK offshore area), and the associated greenhouse emissions. You are not required to report on ALL greenhouse gas emissions, just those associated with your UK energy use.
What are the legal requirements for energy reporting?
Quoted and unquoted companies and LLPs all need to report energy use, GHG emissions and at least one emissions intensity metric for the current and previous financial years. The relevant report must include a narrative description of measures taken to improve the businesses’ energy efficiency in that year.
What do I need to report for SECR?
To comply with SECR, qualifying companies must disclose:
- Their energy use and greenhouse gas (GHG) emissions for their financial year / reporting period.
- At least one intensity ratio.
- A ‘narrative description’ of any energy efficiency actions taken.
- The methodology used to calculate the required information.
Do companies have to report Scope 1 and 2 emissions?
According to the leading GHG Protocol corporate standard, a company’s greenhouse gas emissions are classified into three scopes. Scope 1 and 2 are mandatory to report, whereas scope 3 is voluntary and the hardest to monitor.
What is an SECR report?
Streamlined Energy and Carbon Reporting (SECR) was introduced in 2019, as legislation to replace the Carbon Reduction Commitment (CRC) Scheme. SECR requires obligated companies to report on their energy consumption and associated greenhouse gas emissions within their financial reporting for Companies House.
How are GHG emissions reported?
GHGRP data are now publicly available for 2010 through 2020. Facilities calculate their emissions using methodologies that are specified at 40 CFR Part 98, and they report their data to EPA using the electronic Greenhouse Gas Reporting Tool (e-GGRT).
Who is exempt from SECR?
Are there any exemptions? Companies that use less than 40,000 kWh of energy during the reporting year are exempt. A ‘comply or explain’ approach means that there is still a requirement to make a statement in the annual report.
