STREAMLINED ENERGY AND CARBON REPORTING

Meet your energy and carbon reporting obligations under SECR

The UK’s Streamlined Energy & Carbon Reporting (SECR) policy places strict obligations on eligible organisations to report their energy use and Greenhouse Gas (GHG) emissions. Bureau Veritas supports you in understanding the policy and meeting the requirements to ensure compliance.

WHAT IS SECR?

SECR is a mandatory reporting framework, which requires eligible organisations to share energy use and carbon emissions information in their annual reports. It came into force after the end of Carbon Reduction Commitment (CRC) Energy Efficiency Scheme in 2019. 

SECR builds on (but does not replace) other reporting requirements including mandatory greenhouse gas (GHG) reporting for quoted companies, the Energy Saving Opportunity Scheme (ESOS), Climate Change Agreements (CCA) Scheme, and the EU Emissions Trading Scheme (ETS). 

WHO NEEDS TO COMPLY WITH SECR?

The following organisations are required to comply with SECR:

1. Quoted companies of any size that are obliged to report under mandatory greenhouse gas reporting regulations

2. Large organisations which satisfy 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; or

- 250 employees or more.

Public bodies do not fall under the new regulations, but they are subject to other carbon reporting legislation.

WHAT MUST ELIGIBLE ORGANISATIONS DO UNDER SECR? 

Quoted companies are required to report the following information in their Directors’ report or equivalent as part of their annual filing obligations. 

- Annual global GHG emissions from activities for which the company is responsible 

- Underlying global energy use

- Energy use and GHG emissions figures from previous year

- At least one emissions intensity ratio

- Narrative on energy efficiency measures

- Details of methodology used

Eligible large companies and LLPs are required to report: 

- UK energy use (as a minimum gas, electricity and transport including UK offshore area)

- Associated GHG emissions

- Energy use and GHG emissions figures from previous year

- At least one emissions intensity ratio

- Narrative on energy efficiency measures

- Details of methodology used

Organisations can be exempt if they confirm their energy use is low (40MWh or less over the reporting period) but will still need to include a statement in their report confirming that they are a low energy user.

WHAT ARE THE BENEFITS OF SECR REPORTING?

The benefits of reporting under SECR include: 

Maintain compliance with SECR requirements for eligible organisations 

Demonstrate your commitment to carbon reduction and sustainability 

Provide confidence to stakeholders 

HOW CAN BUREAU VERITAS HELP WITH SECR CARBON REPORTING?

Bureau Veritas offers a range of support services to ensure compliance with SECR reporting requirements and other carbon reporting initiatives including the Carbon Disclosure Project. 

Our team is experienced in SECR and other carbon verification and carbon reporting services, delivered as part of a wide range of sustainability services for organisations of all sizes.

Our services include:

- Compliance with SECR reporting requirements 

- Building your carbon and energy strategy

- Assuring and verifying your carbon reporting

GET IN TOUCH WITH A MEMBER OF THE TEAM BY SUBMITTING YOUR DETAILS BELOW: 

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