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The Companies (Directors Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018
Jurisdiction: UK
Commencement: 1st April 2019
Amends: The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008
Mini Summary
The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 sets out the reporting framework for companies, along with the Companies Act 2006.
Included within these Regulations are the details of what should be included within a director’s report. (Regulation 10 and Schedule 7).
Schedule 7 contains requirements for companies to report against the Strategic Energy and Carbon Reporting (SECR) framework, which has replaced the CRC scheme.
Amendment
These Regulations makes changes to reporting requirements for quoted companies and introduce new reporting requirements for large unquoted companies and large limited liability partnerships (LLPs) to annually report on emissions, energy consumption and energy efficiency action.
The introduction of this new streamlined energy and carbon reporting (SECR) framework follows the announced closure of the CRC scheme which closes after the 2018-2019 compliance year.
These changes come into force for financial years starting on or after 1st April 2019.