Carbon

Streamlined Energy and
Carbon Reporting (SECR)

As part of the UK Government’s strategy to simplify the current business energy policy framework, measures have been implemented to make it easier for companies to report their energy and carbon obligations more efficiently and effectively. Streamlined Energy and Carbon Reporting (SECR) regulations encourage businesses to quantify their emissions in a consistent and comparable manner. In April 2019, SECR specifically replaces the old Carbon Reduction Commitment (CRC) scheme, but builds upon other existing schemes including the Energy Saving Opportunity Scheme (ESOS).

Key Challenges

SECR requires that large organisations disclose their emissions. The challenge is that delivering SECR compliance for a geographically and operationally diverse organisation poses significant difficulties in terms of quality assurance, legal competency, and the administrative costs of greenhouse gas accounting and reporting.

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Streamlined Energy and Carbon Reporting (SECR)

SECR Reporting

If eligible, companies are required to comply with SECR every financial year. Eligible businesses must disclose their carbon emissions alongside the actions they will take to reduce their energy consumption and subsequent Greenhouse Gases (GHG) output.

At McGrady Clarke, we embolden our SECR clients to demonstrate their sustainability progress with confidence, providing them with the opportunity to build upon the successes that we have enabled them to already accomplish and deliver beyond compliance.

Our consultants will assist you at every project milestone to enhance direct reporting capabilities, expand into complex and indirect areas within the value chain and use SECR as a springboard into wider green growth opportunities.

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SECR Reporting

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Our SECR Process

We’ll carry out the following process:

Data Assimilation

Evaluate the suitability of the reporting criteria for the data selected to inform SECR in terms of organisational boundaries and scope emission categories
Perform a gap analysis to assess and address any discrepancies within the selected data
Review the suitability of the carbon conversion factor calculations and other unit conversion factor calculations used for the selected data
Liaise with relevant individuals to gain an understanding of key processes, systems and controls in place over the preparation of selected data

Data Verification

Re-perform carbon and other unit conversion factor calculations for output accuracy
Review formulae and manual calculations conducted over the selected data
Assess the risk of material discrepancy of each component of the GHG information collection and reporting process
Perform analytical reviews over the aggregated emissions data, including comparisons with the previous period’s amounts having due regard to changes in business volume and portfolio
Analyse the accompanying narrative and efficiency measures taken for the selected data for consistency with our findings

Report Generation

Produce an SECR Energy and Carbon report that is relevant for stakeholders

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FAQ's

Who needs to comply with the SECR framework?

Both quoted and unquoted companies must report on any energy efficiency measures they have implemented within the year.

Quoted companies
Large unquoted companies
‘Large’ Limited Liability Partnerships (LLPs)

Unquoted companies and LLPs are deemed ‘large’ if they satisfy one or more of the following criteria:

Number of employees: 250 or more
Turnover: £36m or more and a balance sheet total: £18m or more

When is a company exempt from SECR reporting?

Companies are exempt from SECR reporting if:

They are not registered in the UK.
They use less than 40MWh of energy over the reporting period.
They are a UK subsidiary that qualifies for SECR but is already covered by a parent group’s report (unless the parent company is not registered in the UK).

When do companies need to comply?

Eligible companies must provide their SECR Streamlined Energy and Carbon Reports within their Directors’ Report from the financial year starting April 1st 2019, and every financial year following.

Why choose McGrady Clarke for your SECR compliance?

McGrady Clarke’s team of consultants have supported an array of UK-based clients to successfully meet SECR compliance. We deliver compliance that is robust, rigorous, and tangible for stakeholders, giving you insight that allows you to address key impact areas and minimise climate risk.

We aim to deliver your Streamlined Energy and Carbon Reports (SECR) beyond compliance by offering bespoke energy and carbon reporting and implementation solutions.