SECR is compulsory for certain types of businesses. Qualifying companies will need to report on carbon emissions and energy efficiency in their Directors' report or equivalent energy and carbon report. You've got time to get ready, but you'll need to start collecting your data now for the financial year beginning on or after 1 April 2019.
If your company uses more than 40MWh of energy and meets the below criteria, you’ll need to report:
1. Quoted companies – mainly those listed on the main market of the London Stock Exchange (FTSE) or in a European Economic Area (EEA) State or admitted to dealing on either the New York Stock Exchange or Nasdaq.
2. Large UK unquoted and Large Limited Partnerships (LLPs):
Meets 2 or more of the below criteria:
- with at least 250 employees;
- an annual turnover of £36m or more; and/or
- an annual balance sheet total greater than £18m.
3. Unquoted Large companies incorporated in the UK, which are required to prepare a Directors’ Report under Part 15 of the Companies Act 2006.
Please refer to Government guidelines for complete help and support on SECR reporting
See our frequently asked questions on SECR