Streamlined Energy and Carbon Reporting

 

From 1st April 2019 companies who meet certain criteria will be required to report on their energy use and greenhouse gas emissions in their annual Directors' Report. These requirements affect:

  • all UK incorporated companies listed on

    • the main market of the London Stock Exchange

    • a European Economic Area market

    • or whose shares are dealing on the New York Stock Exchange or NASDAQ

  • unquoted large companies incorporated in the UK, which are required to prepare a Directors’ Report under Part 15 of the Companies Act 2006 - ie those who meet 2 of the following 3 criteria:

    • Turnover £36 million or more

    • Balance sheet total £18 million or more

    • Number of employees 250 or more

  • large Limited Liability Partnerships (large is defined as per the existing framework for annual accounts and reports, based on sections 465 and 466 of the Companies Act)

The government encourages all other companies to report similarly, although this remains voluntary. Statutory guidance can be found here.

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