Does Your Business Need to Legally Disclose Its Carbon Emissions? Here’s What You Need to Know
Charles Campbell
| Climate Disclosure | SECR | TCFD | CRFD | ESOS | UK SRS |
|---|---|---|---|---|---|
| Legal requirement? | Yes | Becoming mandatory in the UK | Yes (part of NFRD) | Yes | No, but increasingly adopted |
| Who needs to comply? | Large companies and LLPs in the UK | Large companies, financial institutions, publicly listed companies | Large companies and public interest entities in the UK | Large UK undertakings and corporate groups | Voluntary - Large and publicly traded companies |
| Specific criteria includes | Over 250 employees. Turnover of £36m+ | Over 500 employees. Turnover £500m+ | Over 500 employees. Turnover £500m+ | Over 250 employees. Turnover of £44m+ | Voluntary - Not specified |
| What to report? | Energy use, GHG emissions, energy efficiency actions | Governance, strategy, risk management, metrics & targets | Environmental, social, governance impacts, human rights, anti-corruption | Energy consumption, energy audits, compliance evidence pack | Environmental, social, governance metrics |
| Where to report? | Annual financial filings | Annual financial filings | Annual reports | Environment Agency online portal | Annual or sustainability reports |
| When to report? | Annually, since 2019 | Annually, from April 2022 | Annually, since 2017 | Every four years, next in Dec 2023 | Annually, voluntary |
