Streamlined Energy and Carbon Reporting

Closes 4 Jan 2018

Opened 12 Oct 2017

Overview

We're seeking views on the UK government’s proposals for a streamlined and more effective energy and carbon reporting framework.

Reporting is proposed to be done within companies’ annual reports, which shareholders can request, and are filed with and made available by Companies House. It is proposed to apply to certain UK companies formed and registered under the Companies Act 2006, and potentially Limited Liability Partnerships (LLPs). It proposes applying either energy use, or company size thresholds when determining to whom the framework will apply. It also proposes continuing to require UK quoted companies, regardless of size, to report.  

Companies and groups eligible for the small companies regime would potentially be exempt if not otherwise exempted by other thresholds. There is also potential for voluntary participation by organisations outside this scope.

The consultation also seeks views on other policy mechanisms such as regulation and incentives, that can work with reporting to drive energy efficiency. We request evidence at the end of this paper seeking views on a possible central reporting portal managed by an administrator further in the future.

Why We Are Consulting

Improving energy efficiency in business can boost productivity, support growth, improve security of energy supplies and help decarbonise the economy. Embracing the challenges this places on our businesses and creating a policy and regulatory environment that supports this transition will deliver long-term benefits for the UK economy.

A public consultation, ‘Reforming the business energy efficiency tax landscape’, was conducted in 2015. A significant number of respondents to that consultation agreed that mandatory reporting of energy use and carbon data is an important element of the landscape and that board/senior management sign-off for these reports could deliver significant benefits. However, a significant number of respondents also highlighted the need to rationalise and simplify the landscape.

The UK government announced in the March 2016 consultation response that it will work to abolish the CRC Energy Efficiency Scheme (CRC) after the 2018-19 compliance year. Given the significant support for maintaining mandatory reporting, the UK government also announced that we will consult on a simplified energy and carbon reporting framework for introduction by April 2018. Decisions by the Devolved Administrations on their approach on CRC closure will be informed by a range of issues.

Give Us Your Views

Events

  • SECR Launch Event

    From 9 Nov 2017 at 10:00 to 9 Nov 2017 at 13:00

    To coincide with the publication of this consultation we are holding a launch event which will take place on the morning of Thursday 9 November - at the BEIS Conference Centre, 1 Victoria Street, London, SW1H 0ET.
    Further information will be circulated in due course.

    RSVP
    To secure a place please email reporting@beis.gov.uk by Monday 6 November. We ask that members reserve a maximum of two tickets per organisation due to limited seating.

Audiences

  • SMEs (small and medium businesses)
  • Large businesses (over 250 staff)

Interests

  • Energy and climate change