You must publish this information in your first annual report after 1st April 2019, so for most companies from early 2020 onward.
However, this implies you need to have a way to capture and measure data in place this year to be sure that the relevant information will be readily available next year.
Are there penalties?
It is a legal requirement to comply with this legislation. Civil penalties apply and action can be taken against Directors or members of an LLP.
How should companies report?
You will need to include the greenhouse gas emissions and associated energy information in your Directors report. There are no mandatory formats you must use, but it would be advisable to choose a format that you will use each year and will help to monitor progress.
My company is a subsidiary, am I exempt?
Only if you fall below the criteria for SECR:
Turnover £36 million or more
Balance sheet total £18 million or more
Number of employees 250 or more
Will SECR replace ESOS?
No you still have to comply with ESOS for 2019.
What do I have to measure?
You will have to measure activities involving the combustion of gas, or consumption of fuel for the purposes of transport; and the purchase of electricity by the company for its own use, including for the purposes of transport. This will need to be reported in CO2 and kWh.
Transport typically will include all vehicle fleet both car and commercial. It also includes business mileage in private cars.
What are the government targets that we are trying to reach?
The legislation mandates companies to report on their greenhouse gas emission and energy but it is hoped that this will encourage companies to then set targets and reduce these, so helping the country meet its overall target. Under the Climate Change Act 2008 the aim is to reduce greenhouse gas emissions by 80% by 2050 (against a 1990 baseline).
Will Brexit impact SECR?
Highly unlikely, it is UK legislation in nature, not European.