- increase internal awareness of energy usage and cost
- drive adoption of energy efficiency measures
- standardise external reporting
- provide greater transparency for stakeholders on energy efficiency and emissions
SECR
SECR is a mandatory reporting requirement for large companies which is designed to:
Does my organisation qualify under SECR?
Companies or those that meet two or more of the following criteria must comply:
- More than 250 employees
- An annual turnover greater than £36m
- An annual balance sheet greater than £18m
What must be disclosed?
- Total UK energy use
- Greenhouse gas emissions due to UK energy use
- A relevant ratio of emissions against a factor associated with the company’s activities (intensity ratio)
- Comparative figures (these can be excluded for the first year of disclosure)
- Energy efficiency action taken in the reporting period
- Statement of methodologies used in the calculations of these disclosures
Energy use includes:
- electricity – total quantity of purchases by the company for its own use
- gas – total quantity of consumption of gas as fuel
- transport – consumption of fuel for business travel, where the organisation is directly supplied with fuel
The aim of the SECR is for organisations to realise the benefits for improved energy and carbon reporting, identification and implementation of energy improvement opportunities.
Here at Maloney Associates we can help.