In the UK, the SECR (Streamlined Energy and Carbon Reporting) regulations replaced the Carbon Reduction Commitment (CRC) scheme on 1st April 2019 in an attempt to simplify reporting requirements whilst bringing almost 8,000 more businesses into the UK’s mandatory carbon reporting. The reporting requirement of energy and carbon for all large organisations in the UK (except for some exemptions, see below) is in line with the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations.