Streamlined energy and carbon reporting for college corporations

The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 (the 2018 Regulations) implement the government’s policy on Streamlined Energy and Carbon Reporting (SECR).

Whilst corporations are outside of the scope of the 2018 Regulations, the college accounts direction encourages them to make equivalent disclosures on their website.

The 2018 Regulations are designed to increase awareness of energy costs within organisations, provide them with data to inform adoption of energy efficiency measures and to help them to reduce their impact on climate change. They also seek to provide greater transparency for stakeholders.

The ESFA encourages all corporations to publish the information set out below on the corporation’s website before 31 March each year. Corporations may also choose to include the information in their annual report within the financial statements. Prior year equivalent figures should also be reported for comparison.

Corporations making this disclosure should include, as a minimum:

  • its annual UK energy use (in KWh) as a minimum relating to gas, purchased electricity and transport fuel and associated greenhouse gas emissions (in tonnes of carbon dioxide equivalent (CO2e))
  • the methodology used to calculate the required information
  • a narrative of measures taken to improve energy efficiency in the period of the report
  • an emissions intensity ratio chosen by the corporation. Intensity ratios compare emissions data with an appropriate business metric or financial indicator, such as staff numbers, to allow comparison over time or with other organisations
  • the prior year equivalent figures should also be disclosed for comparison, except in the first year the corporation is making such disclosures.

The next steps

If any colleges require further guidance on this in order to be able to fulfil their requirements then please do not hesitate to contact Stephen Grayson or our Education specialists at UHY.

Let's talk! Send an enquiry to your local UHY expert.