Streamlined Energy and Carbon Reporting (SECR)

 

What is SECR?

Streamlined Energy Carbon (SECR) is a carbon reporting scheme introduced in 2019 that legally requires large private and public companies to report their energy usage, greenhouse gas (GHG) emissions, and the actions they've taken to improve operational efficiency on an annual basis. SECR specifically replaces the UK’s old Carbon Reduction Commitment (CRC) scheme but builds upon other existing legislation, such as the Energy Saving Opportunity Scheme (ESOS). 

 

Why is SECR important?

The SECR scheme is designed to simplify aspects of consumption reporting by aligning submission dates with financial reporting years. It differs from the Energy Savings Opportunities Scheme (ESOS) as reports must be submitted annually, not just every four years, and has more UK-specific different requirements and qualification criteria.

Because reports are due on a yearly basis, energy efficiency issues can become more salient to upper-level administration more quickly. Like all other carbon reporting initiatives, SECR provides businesses with invaluable data that can be used to highlight operational inefficiencies, improve green credentials, and attract more eco-conscious customers and stakeholders.

Simply switching to more energy-efficient light bulbs, ensuring computers are turned off when not in use, and installing smart meters can make a substantial difference to your utility bills. By demonstrating greater corporate social responsibility, you can receive discounts on energy bills through Ofgem schemes and even encourage more employee engagement by raising awareness about the impact of climate change.

 

Who needs to comply with SECR?

Private organisations which meet two or more of the following criteria need to comply with SECR:

  • More than 250 employees 
  • Annual turnover of more than £36M
  • Annual balance sheet of more than £18M
  • Quoted companies with shares listed on the stock exchange
  • Companies using more than 40,000kWh of energy annually 

 

What information must be included?

Detailed reports documenting energy use and all associated emissions relating to gas, electricity, and transport. Reports must also include an emission intensity ratio and efficiency action plans to identify progress made towards emission reduction.

 

How can we help?

Noncompliance can incur hefty penalties, so get in touch today to learn more about how SECR, ESOS, and other climate change policies may affect your organisation. If your business was required to comply with CRC, it’s likely that you’ll be affected by ESOS and SECR, too. As the submission deadline for ESOS Phase 3 approaches (December 5th, 2023), it’s never been more important to optimise your carbon reporting processes to ensure a cleaner, greener future.

Quickly convert compliance into savings with our help. No matter your business’ size or industry, we have all the tools to conduct the necessary audits and analysis on your behalf.

 

We are here to help

If you’re interested in learning more about our energy compliance services, get in touch today.

Call us on 08008620861 or send a contact form and we'll get back straight back to you. 

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