"Following a government shake up of carbon tax and reporting regimes, the new Streamlined Energy and Carbon Reporting framework started last month 1st April for many UK organisations."
Concept Energy Solutions
SECR, as it is known for short, affects an estimated 11,900 firms, who will need to report on carbon and energy use annually.
Who is affected by SECR?
We’ve written a detailed SECR guidance for companies affected by the scheme, but in a nutshell, SECR will apply to quoted companies, all large unquoted companies, and all large LLPs. ‘Large’ is defined as having at least 250 employees or an annual turnover greater than £36 million, and an annual balance sheet total greater than £18 million.
Many firms will be reporting on carbon and energy use for the first time through the scheme.
When is the reporting deadline?
SECR applies to financial years starting on or after 1st April 2019. Organisations will need to include a carbon and energy report along with their annual accounts filed with Companies House in 2020.
If you’d like to talk through SECR reporting and compliance with one of our experts, please get in touch.