Streamlined Energy Carbon Reporting (SECR) was implemented on the 1st April 2019. Intended to coincide with the end of the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme, SECR requires organisations to disclose their energy and carbon emissions under set standards.

Why now?

SECR was introduced to bring the benefits of carbon and energy reporting to more businesses. Aligning with the requirements on the G20 Financial Stability Board’s Taskforce on Climate-related Financial Disclosures (TCFD), SECR provides businesses with information they need to navigate and transition toward a sustainable and net zero emission economy.

Who needs to comply?

Companies that fall within the following definitions must comply unless they meet certain exemption criteria:

• Quoted companies of any size that are already obliged to report under mandatory greenhouse gas reporting regulations.
• Unquoted companies incorporated in the UK that meet the definition of ‘large’ under the Companies Act 2006 will have new reporting obligations. This applies to registered and unregistered companies. Note that the criteria for ‘large’ differs from the ESOS Regulations.
• ‘Large’ Limited Liability Partnerships (LLPs) will be required to prepare and file a ‘Energy and Carbon Report’.

The regulations require an estimated 11,900 companies incorporated in the UK to disclose their energy and carbon emissions - a far greater number than were required to act under the CRC.

Further support including how to report is available on the Government website support with energy and carbon reporting in the SECR taxonomy.

How do I complete the report?

The UK Government provide free resources to support with energy and carbon reporting in the SECR taxonomy.

Alternatively, organisations can offer templates and solutions that help companies navigate the complexities of SECR reporting.

How does SustainIQ generate SECR reports?

At SustainIQ, we’re proud to be one of the first organisations to develop a touch of a button SECR Report for businesses. With more and more organisations requiring SECR reports, this unique feature (as well as SustainIQ's plethora of features across our four unique pillars) strengthens our platform as one of the leading ESG reporting dashboards in the market.

SustainIQ customers log environmental data (including GHG emissions) in real time. Using our environmental pillar, customers:

• Report on Scope 1, 2 and 3 GHG emissions
• Build a carbon inventory of all emissions produced across their business
• Produce customised reports including Carbon Reduction Plans and Streamlined Energy Carbon Reporting (SECR) Reports
• Set baselines
• Implement targets & objectives (including Science Based targets)
• Monitor actual performance and benchmark their performance
• Analyse their GHG emissions using our smart reporting dashboard

Our reporting library provides customers with functionality to produce environmental performance reports instantly, including compliant GHG Emission reports that align with the SECR requirements.

With data captured in real time, SustainIQ generates the report in a downloadable format, providing you with accurate and reliable data immediately, saving time, eliminating endless fussing with multiple spreadsheets and accessing data lost in silos across multiple teams and software, and keeping you compliant with legislation.

If you’re spending endless amounts of time this year with SECR reporting, get in touch with us at [email protected], or complete the pop-up form on this page and we’ll get in touch to see how we can help.

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