5 quick facts about SECR

5 quick facts about SECR

Heard about Streamlined Energy and Carbon Reporting (SECR) but have no idea what it means? Read our 5 quick facts below to find out what SECR is, who it applies to and what you have to do. 

What is SECR?

Streamlined Energy and Carbon Reporting (SECR) is a mandatory energy and carbon reporting scheme for large UK companies.

It is a relatively new piece of legislation that was introduced in 2019 to replace the Carbon Reduction Commitment (CRC) scheme.

Companies must collect and measure their energy use and carbon emissions for their 12 month financial reporting period and submit this information in their Directors’ Report to Companies House.

Which companies have to submit a SECR Report?

The following companies must submit a SECR report:

  • Quoted companies of any size that are required to prepare a Directors’ Report
  • UK registered, unquoted large companies as defined in the Companies Act 2006. This refers to companies that fulfil at least two of the following three conditions in the financial year for which they are reporting
    • at least 250 employees
    • an annual turnover of £36m or more and/or
    • an annual balance sheet total greater than £18m

When do I have to submit a SECR report?

Eligible companies have to submit a SECR report every year within their Director’s Report to Companies House.

Therefore the deadline depends on your company’s financial reporting period i.e. January – December, April – March, July – June. 

What will happen if I don’t submit a SECR report?

Failure to submit a SECR report will result in your accounts submission being shown as ‘incomplete’ and could result in a late filing penalty. 

Can I complete the report myself?

Yes.

There is no defined format for completing a SECR report however there are certain rules and some details need to remain consistent year to year.

At Elmhurst Energy Consultancy we can show you how to complete a SECR report and provide you with a free template that you can use for the following years. Find out more about our Self-Service SECR.


Article published 15/06/21

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