DESNZ publishes evaluation of streamlined energy and carbon reporting regulations
The Department for Energy Security and Net Zero (DESNZ) has published an evaluation of the Streamlined Energy and Carbon Reporting (SECR) framework, which was introduced in 2019 and requires certain businesses to report their energy use and carbon emissions in their annual accounts. The framework applies to UK-registered quoted companies, as well as large unquoted companies and limited liability partnerships (LLPs) that exceed statutory thresholds for employee numbers, turnover and balance sheet totals. The evaluation assesses how the SECR framework has operated in practice, including its interaction with other reporting requirements, the outcomes and impacts of the framework, and the overall cost-effectiveness of the policy in meeting its objectives. It draws on evidence including a survey of businesses, qualitative interviews with businesses, reporting consultancies and investors, quasi-experimental analysis of energy meter data and Companies House accounts, and a cost–benefit analysis.