New guidance has been published by the UK Government designed to help companies and limited liability partnerships in complying with the Streamlined Energy and Carbon Reporting (SECR) regulations.
Additionally, the guidance can help any organisation with voluntary reporting on a range of environmental matters, including greenhouse gas (GHG) reporting and the use of key performance indicators (KPIs).
The new guidance is due to the earlier publication of the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 on 6 November 2018. Please see the earlier post: UK Streamlined Energy and Carbon Reporting Regulations published
It includes changes which take effect from 1 April 2019. These changes require all UK quoted companies to report on their global energy use in addition to greenhouse gas emissions in their annual Directors’ Report. Additionally, there are requirements for large unquoted companies and limited liability partnerships to disclose their annual energy use and greenhouse gas emissions and related information.
These requirements affect:
- All UK incorporated companies listed on either
- the main market of the London Stock Exchange
- A European Economic Area market, or
- Organisations whose shares are dealing on the New York Stock Exchange or NASDAQ
- Unquoted large companies incorporated in the UK, which are required to prepare a Directors’ Report under Part 15 of the Companies Act 2006
- Large Limited Liability Partnerships (large is defined as per the existing framework for annual accounts and reports, based on sections 465 and 466 of the Companies Act)
Additionally, the UK Government encourages all other organisations to report similarly, although this remains voluntary.
A copy of Environmental Reporting Guidelines: Including streamlined energy and carbon reporting guidance can be freely downloaded here