New Environmental reporting requirements for larger companies
The Government has announced plans to introduce new regulations called Streamlined Energy & Carbon Reporting (SECR). The legislation is due to be in place from April 2019.
SECR reporting will apply to all quoted companies and will now also apply to large companies that meet the following criteria: have at least 250 employees, or an annual turnover greater than £36m plus a balance sheet total greater than £18m.
Qualifying companies will be required to report their UK energy use including electricity, gas and transport energy. Companies will be also required to provide a narrative on energy efficiency actions taken in the previous financial year. As a result, qualifying companies will have to ensure they have an energy efficiency action plan in place.
If you think you will be affected, please contact us for more information.