News December 2019 The Streamlined Energy & Carbon Reporting (SECR) Taxonomy

The Streamlined Energy & Carbon Reporting (SECR) Taxonomy

17 December 2019
The 2019 Streamlined Energy & Carbon Reporting (SECR) taxonomy is an addition to the FRC taxonomies suite to reflect the new reporting requirements for energy and carbon data introduced on 1st April 2019. The new requirements apply to all large companies and LLPs, as well as to all listed companies, and supersede Mandatory Greenhouse Gas Reporting which has been in force since 2013.
While it is not mandatory to tag SECR data, the government is keen to enable companies that file their annual reports digitally to be able to report their SECR data in the same way, to ensure the same level of transparency is available to external users.
The taxonomy is standalone to enable it to be used with other accounting taxonomies in the FRC taxonomy suite.
It is expected that both Companies House and HMRC will facilitate submissions using the taxonomy in quarter one 2020.