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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.

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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

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DOES MY BUSINESS QUALIFY?

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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 

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WHAT ARE THE BENEFITS TO MY BUSINESS?

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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.

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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.

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