Carbon Reporting Legislation
On the 18th July 2018 the government announced that all large UK businesses will be obligated to report on company carbon emissions and energy use; in effect from April 2019.
Streamlined Energy and Carbon Reporting (SECR) will replace CRC Energy Efficiency Scheme with a simpler reporting framework that builds on the existing mandatory reporting of greenhouse gas emissions by the UK.
In 2016 Government indicated that over £2 million of savings could be achieved annually on business energy bills through implementing cost effective energy efficiency measures.
Who is affected?
In terms of thresholds, carbon reporting will have to be carried out from April 2019 by all businesses in the UK who have one of the following:
- 250 or more employees OR
- Annual turnover in excess of £36 million and balance sheet total greater than £18 million.
Companies who meet these requirements will be obligated to report on their carbon and energy use since 2013.
The reason for these requirements and the ultimate benefit is that new Streamlined Energy and Carbon Reporting (SECR) should allow an achievement of a 20% energy efficiency increase by 2030.
We can help
If your company does meet the threshold and you are looking for fresh ideas to help reduce your carbon, take a look at the Green Inventions section where you will find the latest packaging solutions to help reduce your company’s impact on the environment.