What is SECR?
Streamlined Energy and Carbon Reporting (SECR) is the UK Government's name for the replacement legislation to a number of existing, and some soon to expire, programmes covering energy and carbon reporting and taxation. SECR came into force on the 1st of April 2019.
This latest legislation is going to be new for large unquoted companies and large limited liability partnerships (LLPs). The criteria is, if within a year, two or more of the following requirements are met:
- Annual turnover of £36 million or more
- Balance sheet total of £18 million or more
- Employs 250 people or more
Large companies quoted on the stock exchange (PLCs) already have to comply with reporting their greenhouse gas emissions. Companies that are currently reporting to CRC Energy Efficiency Scheme or Energy Savings Opportunity Scheme (ESOS) will typically now have to comply with this new legislation.
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