What is Streamlined Electricity and Carbon Reporting (SECR)?
- The Streamlined Energy and Carbon Reporting (SECR) is a UK regulation requiring companies in scope to report on their emissions and energy consumption.
- The reporting framework is intended to encourage the implementation of energy efficiency measures, which have both economic and environmental benefits. It will support companies in cutting costs and improving productivity while reducing carbon emissions.
Who needs to report under SECR?
- Quoted companies of any size
- Large unquoted companies incorporated in the UK and Limited Liability Partnerships (LLPs)
- Unquoted companies or LLPs are defined as ‘large’ if they meet at least two of the following three criteria in a reporting year:
- a turnover of £36 million or more
- a balance sheet of £18 million or more
- 250 employees or more
Companies using less than 40,000 kWh per reporting period are exempt from the SECR requirement. However, they must still include a statement in their report confirming that they are low-energy users.
What must be reported under the SECR?
Quoted companies need to report the following under the SECR
- UK energy use (as a minimum gas, electricity and transport, including UK offshore area)
- Associated greenhouse gas emissions
- Scope 3 emissions from business travel
- Previous year’s figures for energy use and GHG emissions
- At least one intensity ratio
- Energy efficiency taken
- The methodology used when calculating emissions
Large unquoted companies & LLPs need to report the following under the SECR
- Annual GHG emissions from activities for which the company is responsible, including combustion of fuel and operation of any facility
- Underlying global energy use
- Previous year’s figures for energy use and GHG
- At least one intensity ratio
- Energy efficiency taken
- The methodology used when calculating emissions
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