Disclosure is not required if the entity consumed 40,000 kWh of energy or less during the reporting period.
Yes, smaller companies can voluntarily report under SECR by including the relevant carbon and energy information within their financial accounts.
If you are obligated to comply with SECR, businesses must include their SECR results within their annual financial accounts; therefore, they must comply every year.
This will depend on if your organisation is a quoted or an unquoted company; for unquoted companies the emission boundary is limited to the UK and offshore area only. However, if you are a quoted company the boundary does extend globally.
Market-based accounting reflects emissions based on the actual energy contracts and certificates a company has purchased, including renewable energy. In order to account for this, businesses should have renewable energy certificates (RECs).
Examples include, but are not limited to, upgrading to energy efficient lighting, improved transport logistics, optimised BMS, and improved building insulation.
An intensity ratio is a metric that expresses a company’s GHG emissions in relation to an operational parameter. This ratio can allow companies to easier assess their carbon performance, especially if the business size is changing.
An example of an intensity ratio is carbon emissions per million pounds of revenue (tCO2e per £million turnover).