Initial discussions are key to understanding your requirements for reporting ensuring we are able to capture everything for your SECR reporting.

Information required can include:

An understanding of your reporting period that aligns with your financial year
Annual turnover
Annual employee levels
12 months (full year) utility bills - electric, natural gas etc
12 months (full year) of transport use data, including any personal mileage claims
Information on energy efficiency works that may have been undertaken in the past
Information on historic reporting

WHAT DO WE NEED FROM YOU?

Streamlined Energy and Carbon Reporting (SECR)

SECR reporting incorrectly may have future damage to your business model and risk exposure to climate change - ensure you are reporting accurately.

Carbon and energy savings should align - regular and detailed annual reviews of your carbon helps keep organisations on track for continual reductions, even through natural businesses growth.

WHAT IS SECR?

Since 1st April 2019 new regulations came into force for organisations to implement the government’s policy on SECR to report on their annual emissions whilst adding an intensity ratio within their annual directors’ report.

Organisations with 40MWh or less during the annual period are not required to produce SECR reports for disclosure but is to state that information is not disclosed based on being a ‘low energy user'.

The qualifying conditions are met by a company or Limited Liability Partnership in a year in which it satisfies two or more of the following requirements:

Turnover £36 million or more
Balance sheet total of £18 million or more
Number of employees of 250 or more

What do you need to report on?

UK energy use and Green House Gas (GHG) emissions that relate to:

Activities for which you are responsible involving the combustion of gas, or consumption of fuel for the purposes of transport.
The purchase of electricity by the company for its own use, including for the purposes of transport.

The scope of reporting includes:

Scope 1

Emissions are direct GHG emissions that occur from sources that are controlled or owned by an organisation (for example, natural gas for heating & fuel for business transport).

Scope 2

Emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling (grid supplied electric for example).

Scope 3

Emissions are the result of activities from assets not owned or controlled by the reporting organisation, but that the organisation indirectly affects in its value chain (e.g. hire cars, public transport, taxis, hotel stays).

Intensity ratios ( allowing benchmark comparisons for future reporting and comparison against ESOS)
Setting of base years and targets (allowing reviews against future reporting and progress)
Historic reporting views
Methodology

Enforcement Risk

The Financial Reporting Council (FRC) can impose fines for non-compliance where SECR has not been completed.

These can include:

Late Deadline Penalties from £150 to £7,500

Civil Penalties up to £50,000

Issue Public Censure - Publication that can damage an organisations reputation in failing to comply with Scheme Regulations

Civil Penalty fine of up to £5,000

Companies House rejecting annual account which can trigger late filing of accounts penalties

Dremcon is experienced in the understanding of SECR requirements in clearly detailing the information for annual SECR reporting. Our reporting includes clear information and summaries including graphs, figures, detailed commentary, reviews against historic reporting periods (ESOS/SECR), and director’s summary for your final accounting.

At Dremcon we work to advise and support our clients through SECR compliance reporting. Please contact us with any queries you have or in providing you with a quotation.