How not to fall foul of the new Streamlined Energy and Carbon Reporting framework
Environmental data reporting isn’t new. However, new UK legislation – the Streamlined Energy and Carbon Reporting (SECR) framework – has opened up this requirement to include large* non-listed organisations, meaning that companies who have not previously been required to report environmental data will now have to do so.
For those who have never had to report or even collect this data, this may be a daunting prospect and it can be hard to know where to start. We have three tips for companies facing SECR reporting for the first time:
1) Understand the sources of data required.
These will largely be gas and electricity bills and fuel used for business travel. Make friends with your finance team for easy access to these.
2) Work out the most relevant intensity targets for your business
What will show your use of energy in the most realistic and understandable way? This may be usage by employee, by turnover or by products sold
3) Investigate the best way to report this information
If you are a UK quoted company then this will be in the Director’s Report of the Annual Report and Accounts. For others it may be a separate Energy and Carbon Report. This gives you an opportunity to communicate what your environmental impact is and the action you are taking to reduce it.
To further understand the requirements of the SECR and how you can report this data we’re running a webinar on 14th July at 10am with communication specialist James Lumley, data visualisation expert Andy Pemberton and Jo Goddard, Sustainability Consultant and founder of Green & Good Consulting.
How can we help?
Green & Good can help you collect and report your SECR compliant data. We can work with you to develop a strategy to manage your energy use and implement a carbon reduction scheme. Register for our webinar and receive our white paper outlining our SECR support packages.
* large companies are deemed as those who meet two of the following criteria:
- 250+ employees
- £18million+ annual balance sheet
- £36million+ annual turnover