SECR

SECR guidance and compliance. Why choose us?

We provide SECR guidance and compliance support to help you understand the SECR compliance requirements.

What is the SECR Regulations?

SECR guidance and compliance of the mandatory energy and carbon reporting framework for qualifying companies in the UK.

SECR legal obligations

The Companies Directors report and Limited Liability Partnerships Energy and Carbon report Regulations 2018 implements the UK SECR policy.

In-scope UK companies needed to comply with their legal obligations which came into force on 1 April 2019.

Please visit our Streamlined Energy and Carbon Reporting page for a more detailed overview of SECR.

What emissions are in the scope of SECR?

UK quoted companies registered in the UK should;

Continue to be required, where practical, to disclose scope 1&2 greenhouse gas emissions (scope 3 will remain voluntary) and an intensity metric and;

Should additionally be required, where practical, to report on global energy use.

Unquoted companies and LLP's will be required to report their UK energy use and associated scope 1 and 2 emissions and an intensity metric.

Energy use in scope for unquoted companies and LLP's should as a minimum include electricity, gas and transport.

Companies can go beyond this for including scope 3 emissions or energy sources that are material in the company’s operations.

SECR qualifying criteria

The Government has decided that the SECR reporting framework will continue to apply to all quoted companies.

It will also apply to large unquoted UK companies and LLP’s which meet at least two of the qualifying conditions.

at least 250 employees or;

an annual turnover greater than £36m or;

an annual balance sheet total greater than £18m.

Reporting and data collection periods

For companies and LLP's with a 1 January to 31 December reporting year, the first report included 1 January to 31 December 2020.

For companies and LLP's with a 1 April to 31 March reporting year, the first report included 1 April to 31 March 2020.

Qualifying companies need to include a SECR Statement into their annual accounts.

Group reporting

The approach to group reporting under SECR is different to ESOS.

Subsidiaries of a parent company is not exempt, even where on its own, it would not meet ESOS eligibility criteria.

If you are reporting at a group level, you must take into account your own and information of any subsidiaries included in the consolidation.

However, you have the option to exclude any energy and carbon information of a subsidiary which does not meet the SECR qualifying criteria on its own.

A subsidiary is not obliged to report their energy and carbon information if they;

are included in a group report of a parent undertaking, or

do not meet the SECR qualification criteria.

Need SECR guidance and compliance support?

Please feel free to contact us on 03300 881451 to discuss your specific SECR requirements.