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.
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.
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:
Confused about Streamlined Energy and Carbon Reporting (SECR)? This express guide answers all your questions about SECR and includes guidance on:
Article published 31st March 2020