The obligations to report carbon emissions are expanding globally.
In Europe there are the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD) whilst in the US there are proposals for their own reporting and disclosure legislation from the United States Securities and Exchange Commission (SEC).
In the UK we have one piece of legislation that is dominant in carbon reporting, the Streamlined Energy and Carbon Reporting (SECR) policy, this requires certain organsations to share energy use and carbon emissions information in their annual reports.
Building upon existing reporting requirements, the SECR is widening the scope of energy and carbon reporting to a larger number of companies and encouraging businesses energy efficiency actions.
Under the definition within SECR’s, companies and LLPs are considered “large” if they meet two or more of the following criteria:
- a turnover of £36 million or more
- a balance sheet of £18 million or more
- 250 employees or more
The SECR includes one set of reporting requirements for quoted companies, and another for large unquoted companies and LLPs but Large unquoted companies and LLPs are exempt from SECR reporting if they can show that their energy use during the reporting period is less than 40 MWh.
External validation is not required, but strongly recommended.
Find out more
Environmental Reporting Guidelines - GOV.UK
Training
Introductory Webinar - Streamlined Energy and Carbon Reporting (SECR) - The Compliance People
Full Course - SECR COMPLIANCE - VIRTUAL COURSE - Energy Managers Association