SECR or Streamlined Energy and Carbon Reporting is the calculation of an organisation’s total energy consumption and greenhouse gas emissions. To calculate a company’s SECR emissions use the following steps:
1. Identify the scope of energy consumption: Companies must report on their energy consumption for electricity, gas, and transport fuel. This includes both direct and indirect energy use.
2. Measure energy consumption: Companies must collect data on their energy consumption, including the amount and type of energy used, as well as the source of the energy (e.g. renewable or non-renewable).
3. Calculate greenhouse gas emissions: Companies must calculate the greenhouse gas emissions associated with their energy consumption using the appropriate conversion factors. These conversion factors take into account the carbon dioxide equivalent emissions of different greenhouse gases, such as carbon dioxide, methane, and nitrous oxide.
4. Report emissions: Companies must report their energy consumption and greenhouse gas emissions in their annual financial reports, including the methodology used to calculate emissions and any relevant energy efficiency measures that have been implemented. SECR reporting is designed to be easy to follow and cost-effective for organisations to undertake, often using existing data and processes to comply with SECR requirements. To ensure that companies are meeting mandatory SECR requirements expert advice and knowledge is often sought out, Ecometrica has been assisting with the calculation and reporting of SECR emissions since their introduction.