GOODBYE ESOS PHASE 2, HELLO SECR
With the ESOS Phase 2 compliance (hopefully) being done and dusted, organisations are starting to focus on the Streamlined Energy & Carbon Reporting (SECR).
Introduced in April 2019 and replacing the CRC Energy Efficiency Scheme and Mandatory Greenhouse Gas Reporting for UK quoted companies, SECR extends reporting requirements to over 11,900 large UK companies. SECR requires that companies include in their annual director’s report the following information for the financial year: energy consumption (electricity, gas, transport), carbon emissions (scope 1&2), emissions intensity ration, energy efficiency narrative, and methodology used for reporting. The reporting period is based on reporting companies’ financial year to align with existing financial and strategic reporting.
Which organisation qualify for SECR?
UK companies that fall into SECR are quoted, or large unquoted businesses and LLPs with at least two of the following conditions:
• More than 250 employees
• Greater than £36 million in annual revenue
• Balance sheet greater than £18 million
The EMA offers guidance through the SECR Compliance course. The course is appropriate for anyone tasked with undertaking SECR within organisations, or consultants seeking to upskill to expand the offering of their services to clients.
The course will help you to understand:
• Basic concepts contained within SECR
• Scope of the regulation
• Data collection methods for energy, gas and transport
• Creation and use of intensity metrics
• Stated methodology used
• Definition and scope of energy efficiency principal measures
• Compilation of the report for auditors, Board of Directors, and Companies House
The course can also be delivered in-house for organisations seeking to up-skill teams.