All you need to know about your statutory responsibilities for Energy and Carbon Reporting (SECR).
The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 requires companies to report their annual emissions and an intensity ratio via SECR. Further disclosure requirements came from the 2018 Regulations, as well as new requirements for large companies and LLPs.
Listing status determines reporting. Firstly, large organisations must report UK energy use and greenhouse gas emissions. As a minimum, these relate to gas, electricity and transport fuel, as well as an intensity ratio and information relating to reduction actions. Additionally, quoted companies of all sizes must report their global greenhouse gas (GHG) emissions, an intensity ratio, their total global energy use, and energy efficiency actions.
SECR regulations exempt non-listed companies if they meet two of the criteria:
- Turnover < £36 Million
- Balance Sheet <£18 Million
- Employees <250
In some additional circumstances, SECR regulations exempt low energy users.
How we help organisations with their Statutory Energy and Carbon Reporting (SECR)
- Firstly, Blue Marble experts determine exactly what your organisation needs to report. We also review your specific status so we can exclude non-essential elements and maximise efficiency.
- We accurately calculate your energy and GHG emissions for the activities which are within scope.
- A SECR specific compliant template contains your results, and also other mandatory commentary.
- Finally, if you require Green House Gas Inventory for other reasons, we extract information from the inventory to populate a specific SECR compliant report.
Frequently Asked Questions about SECR reporting
- Who needs to comply with SECR?
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SECR regulations apply to quoted companies, large unquoted companies, and large Limited Liability Partnerships (LLPs). As such, you must meet specific thresholds, for instance turnover, balance sheet total, and number of employees.
- How do companies gather and calculate the necessary data for SECR?
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Businesses often have questions about the practical aspects of data collection and calculation. This includes the methods for measuring energy usage and carbon data, and how to calculate emissions using appropriate conversion factors. Relatedly, it is crucial for organisations to take guidance on these processes, for accurate and compliant reporting.
- What is defined as a Quoted company?
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If a stock exchange lists the company, the Companies Act 2006 deems it a quoted company.
Specifically, according to the the Act a company is quoted if:
- An official stock exchange in any European Economic Area (EEA) state lists the company’s shares.
- The main market of the London Stock Exchange lists the company’s shares.
- It is dealing on the New York Stock Exchange or NASDAQ
Why choose Blue Marble?
- We understand that the priority of SECR is to be compliant, often within a short reporting timeframe. So our process focusses on getting you the results you need when you need them.
- The SECR team are knowledgeable, available and approachable so the process is easy to follow.
- Blue Marble prides itself in being people-led so we are here to support you.
- We provide reporting information in an active electronic format so you can include it within your own reports on your template.
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