SECR (STREAMLINED ENERGY AND CARBON REPORTING)
The introduction of the Streamlined Energy and Carbon Reporting (SECR) policy by the UK government in April 2019 aimed to encourage progress towards a low-carbon economy.
HOW TO COMPLY
As per the program's guidelines, companies obligated to adhere must submit yearly reports concerning energy emissions, as well as scope 1 and scope 2 emissions.
SECR builds upon existing emissions reporting requirements, but it does not supplant them; rather, these other reporting obligations remain in effect alongside SECR.
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The Energy Saving Opportunity Scheme (ESOS)
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Climate Change Agreements (CCA) Scheme
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EU Emissions Trading Scheme (ETS)
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Mandatory greenhouse gas (GHG) reporting for quoted companies
DOES MY BUSINESS QUALIFY?
The scheme is applicable to any UK-based company that fulfills at least two of the subsequent criteria during a financial year:
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More than 250 employees
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Over £36m Annual turnover
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Over £18m on Annual balance sheet
WHAT ARE THE BENEFITS TO MY BUSINESS?
The implementation of SECR has the potential to bring about £1.5 billion in societal benefits, achieved through carbon savings, better air quality, and reduced noise pollution.
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Prepare documents for Auditors, the Board of Directors, and ensure they adhere to Companies House regulations.
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Provides a level of transparency stakeholders and investors can use to make informed decisions.
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Reduce your company's carbon emissions to contribute to stopping the climate crisis.
HOW CAN PLACE SUPPORT PARTNERSHIP HELP?
Place Support Partnerhship's involvement will guarantee adherence to regulations by assessing and validating Scope 1, Scope 2, and crucial aspects of Scope 3 emissions as an integral part of our Business Certification. Furthermore, we will generate a report that aligns with SECR standards, supplementing your financial disclosures to Companies House, thereby reinforcing the accuracy of your submissions.
