As the urgency to address the climate emergency heightens, businesses are coming under increasing pressure to monitor, report and reduce their energy use and carbon emissions to meet net zero targets. As a result, there is an increase in regulations to ensure that companies are taking the climate emergency seriously and not pay lip service to climate action. During September, we’ll be taking a look at a few of the latest regulations that may affect your organisation, including: ·      SECR – Streamlined Energy and Carbon Reporting ·      ISSB S2 - International Sustainability Standards Board Climate related disclosures ·      CSRD - Corporate Sustainability Reporting Directive ·      CSDDD - Corporate Sustainability Due Diligence Directive In this episode, Mel Blackmore breaks down what Streamlined Energy and Carbon Reporting (SECR) is, its reporting requirements, it’s qualifiers and how it can work in tandem with other carbon management initiatives. You’ll learn ·      How do these regulations relate to ESG reporting? ·      What is Streamlined Energy and Carbon Reporting? ·      What are the SECR Emissions Reporting Requirements? ·      Who qualifies for SECR? ·      How can SECR work with other carbon management initiatives?   Resources ·      Carbonology ·      SECR     In this episode, we talk about: [00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo. [02:10] Episode summary: Over the course of September, Mel will be exploring the latest climate change regulations that may affect your organisation. In this episode she dives into Streamlined Energy and Carbon Reporting (SECR). [03:20] How do these regulations relate to ESG reporting? – ESG requirements include a commitment to sustainability, and reducing your overall impact. All of these regulations contribute towards an organisations ESG reporting requirements, as they require tangible proof to back up your ESG claims. They will require you to provide comprehensive emissions reporting, the level of detail of which will depend on the specific applicable regulation. [04:05] Future content to look forward to: During September Mel will look at involuntary emissions reporting schemes, but in October she will be looking into the voluntary schemes that many are already adopting as part of their Stakeholder requirements. This will include: ·      CDP (Carbon Disclosure Project) ·      EcoVardis [05:50] What are the SECR Emissions Reporting Requirements?: SECR has been around since April 2019, and was originally introduced to replace the Carbon Reduction Commitment Scheme. This is a mandatory scheme, so it is a legal requirement for those that meet it’s criteria. For those that are familiar with ESOS (The Energy Savings Opportunity Scheme), it functions in a very similar way. This scheme isn’t solely focused on reporting energy usage and carbon emissions, it’s also looking for organisations to report on efficiency measures that are undertaken on an annual basis. Which is reflected in the financial reporting that you will also have to submit. It’s important to note that SECR has specific requirements for the disclosure of greenhouse gas (GHG) emissions and energy consumption. Emission reporting requirements vary slightly between quoted companies and large unquoted companies and LLPs. For quoted Companies: ·      Global Scope 1 and 2 GHG emissions must be reported. Scope 3 emissions reporting is strongly recommended but voluntary. For large unquoted companies and LLPs: ·      UK based Scope 1 and Scope 2 emissions and associated energy consumption. Scope 3 emissions from the combustion of fuel in vehicles or equipment not owned by the company. [10:10] Join the isologyhub