SECR – are you affected or not?
The SECR framework applies to quoted companies, large unquoted companies, and large limited liability partnerships (LLPs).
‘Large’ is defined as having two or more of the following:
• a turnover of £36 million or more
• a balance sheet total of £18 million or more
• 250 or more employees
This means that over 11,000 companies will now be reporting their energy and carbon emissions compared to around 4000 companies under previous arrangements. These measures will help to improve corporate transparency for investors and help to drive energy efficiency to deliver substantial cost-effective bill and carbon savings.