From 01 April, approximately 11,000 of the UK’s largest companies will be required to report their global energy usage in financial reporting under the new Streamlined Energy and Carbon Reporting (SECR) regulations.
This guidance 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. There are also 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
- the main market of the London Stock Exchange
- a European Economic Area market
- or 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)
The government encourages all other companies to report similarly, although this remains voluntary.