Streamlined Energy and Carbon Reporting-Who? What? When?Susan Butler Geary
Who is affected?
- Quoted companies;
Quoted companies in this respect are those whose equity share capital is officially listed on the main market of the London Stock Exchange; or is officially listed in an European Economic Area State; or is admitted to dealing on either the New York Stock Exchange or NASDAQ.
- Large unquoted companies;
- Large Limited Liability Partnerships (LLPs):
The qualifying conditions are met by a company or LLP in a year in which it satisfies two or more of the following requirements:
• Turnover: £36 million or more • Balance sheet total:£18 million or more • Number of employees:250 or more
Remember you may fall within these categories even if not for profit or if undertaking public activities e.g. are registered companies or are companies/LLPs owned by universities, academies or NHS Trusts.
What needs to be reported?
Under changes introduced by the 2018 Regulations, large unquoted companies and large LLPs are obliged to report their UK energy use and associated greenhouse gas emissions as a minimum relating to gas, electricity and transport fuel, as well as an intensity ratio and information relating to energy efficiency action, through their annual reports.
Quoted companies of all sizes continue to be required to report their global greenhouse gas (GHG) emissions and an intensity ratio through their annual reports. Additionally, they are now required to report their total global energy use and information relating to energy efficiency action alongside the methodology used to calculate the new and existing disclosure requirements.
When do we need to report?
The new requirements apply to reports for financial years starting on or after 1 April 2019.
The table below gives an example of the first financial year for which the relevant Report must comply with SECR for organisations with different reporting year start dates.