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BEIS invites comments on draft SECR guidance
The Department for Business, Energy and Industrial Strategy (BEIS) has invited us to comment on the draft guidance, which will accompany the new Regulations that implement the Streamlined Energy & Carbon Reporting framework coming into effect on 1st April 2019.
The draft guidance can be found here: SECR DRAFT GUIDANCE
The changes introduced by the Regulations amend the existing requirements for quoted companies of all sizes on Mandatory Greenhouse Gas Reporting that have been in place since 2013, and introduce new requirements for large, unquoted companies and Limited Liability Partnerships (LLPs).
The draft guidance document is designed to replace Chapter 2 of the existing Environmental Reporting Guidance, to reflect the changes in the legal requirements for financial years which start on or after 01 April 2019. It also includes a draft template for reporting by organisations, including those reporting on a voluntary basis.
BEIS is inviting comments by 14 January 2019 on all aspects of the draft guidance document. We will be submitting a response and would like to hear our clients’ views by 07 January 2019.
Areas you may wish to consider:
1) Is the guidance clear to follow?
2) Does the guidance differentiate sufficiently between the different requirements for quoted and unquoted companies/LLPs?
3) Does the guidance strike the correct balance between the need to ensure that meeting the minimum legal obligations introduced by SECR legislation without excessive administrative burden, as well as the need for consistent and transparent disclosures?
4) Does the guidance give sufficient flexibility for those organisations that want the option to go further than what is legally required e.g. organisations reporting scope 3 emissions?
When developing the proposed guidance, BEIS was mindful of the wider context of GHG reporting advice provided in the Environmental Reporting Guidance that goes beyond the legislative changes this review considers. BEIS will also examine if further updates to the Environmental Reporting Guidance are required and is seeking views on how the wider guidance might be updated in future, as far as they relate to energy and GHG reporting (Chapter 3) and the related annexes.
Please send any feedback to Melanie Kendall-Reid at email@example.com.