Streamlined Energy & Carbon Reporting (SECR) legislation came into force this month, below is how it may impact your business.
The new legislation applies to all quoted companies, large unquoted companies and large Limited Liability Partnerships. Qualifying businesses and organisations must report their annual energy usage, greenhouse gas emissions and any energy efficiency measures taken as part of their annual reports for financial years which start on, or begin after the 1st of April 2019.
The government has published it Environmental Reporting Guidelines and guidance in regards to SECR can be found in chapter two: Read the guidelines here.
CRC participants will submit their final reports by the end of July 2019 and allowances will be scrapped by the end of October 2019.
Prior to SECR, listed companies were already required to report their greenhouse gas emissions and the new legislation is designed to align these existing reporting procedures, in order to simplify the process.
Energy Savings Opportunity Scheme (ESOS) will continue as normal and Phase 2 audits may be of help when compiling the first reports for SECR. . Please contact us to find out how we can help you be compliant with ESOS.
If you are unsure whether your business is eligible for SECR, or you have questions in regards to carbon reporting then feel free to get in touch with Apollo Energy by calling us on 01257 239500, or by using the form on our contact page.