[Updated May 2018] Download our CRC Reporting Guide:2018 Edition
It seems hard to believe that in a few weeks we will be in the final year of CRC reporting (starting 1 April 2018). As discussed in my blog of 22 February 2018, we know what the government proposes to replace CRC with a streamlined energy and carbon reporting framework (SECR).
Whatever shape this framework takes, verified energy data and first-rate systems for managing energy consumption will be at the heart of the new reporting framework.
Which companies will be most at risk?
CRC targets both public and private sector organisations consuming over a minimum threshold of electricity. Although higher education and many public-sector organisations report to CRC, the SECR proposals on mandatory reporting do not apply to them. Instead, the government proposes voluntary carbon emissions reporting and energy efficiency measures supported by the loans scheme administered by Salix Finance for the public sector (see our blog of 4 December 2017 for details).
Large quoted companies are already obliged to measure and report their greenhouse gas (GHG) emissions in their directors’ report. Therefore, the government’s proposals for mandatory energy and carbon reporting post CRC are aimed at large unquoted companies.
In the SECR consultation, the government proposed that UK unquoted companies in scope should report on the following in their annual reports:
- Total UK energy use,
- Scope 1 and 2 GHG emissions associated with UK use, and
- An intensity metric.
So, not only will large unquoted companies be reporting on their total energy use, they could also be reporting on their UK Scope 1 and 2 GHG emissions for the first time.
We don’t yet know when the new SECR reporting framework will start. However, whatever carbon and energy reporting scheme is put in place after CRC ends in 2019, participants will be expected to have embedded resilient energy data systems to ensure compliance with this mandatory scheme.
Well managed data & expert compliance advice
We have helped numerous companies improve data management and through our expert compliance advice, we have helped minimise their reporting and compliance risk. But we didn’t just help them manage their compliance data. We made it possible for them to visualise it, turning it into meaningful information that helped them communicate the story tells to internal and external stakeholders and got buy-in from senior management for energy efficiency projects.
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