Deadline extended for Streamlined Energy and Carbon Reporting (SECR) Scheme

The government has released a press release stating that businesses will be given an additional three months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19.

This means that companies whose financial year ends in March 2020, will be given additional time to prepare their SECR submission for inclusion in the Directors' Report.

Speak with the experts  Elmhurst Energy Consultancy has been established for over 25 years and specialises in helping companies achieve compliance with government legislation. To find out more about SECR and how we can help, get in touch: consultancy@elmhurstenergy.co.uk tel: 01455 883259.

What is SECR? 

Streamlined Energy and Carbon Reporting (SECR) is a mandatory UK government framework that replaced the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme in April 2019.  The aim is to simplify the reporting process for companies and reduce emissions from business and industry by 80% by 2050. 

Which companies must comply with SECR?

The eligibility criteria for SECR is broader than the Energy Savings Opportunities Scheme (ESOS) and is expected to apply to around 11,900 companies across the UK. For comparison, only 4,000 companies had to comply with the previous CRC scheme. Companies already reporting on their energy use through ESOS and CRC can expect to be affected, however, SECR will also apply to:

1. Quoted companies of any size that are required to prepare a Directors’ Report
2. 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

Access your FREE SECR booklet

Confused about Streamlined Energy and Carbon Reporting (SECR)? This express guide answers all your questions about SECR and includes guidance on:

• What is SECR?
• Who it applies to
• The deadline
• BONUS: SECR cheat sheet 

 

DOWNLOAD HERE >

 

 

 

 

 

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Article published 31st March 2020