The government has published the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018. The regulations amend the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 and the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 to require additional annual reporting on emissions, energy consumption and energy efficiency action by quoted companies, large unquoted companies and large LLPs.

T he introduction of a new Streamlined Energy and Carbon Reporting framework, through company annual reports, will replace the reporting element of the existing UK-wide CRC Energy Efficiency Scheme.

The regulations will come into force on 1 April 2019 and have effect in respect of financial years beginning on or after 1 April 2019.

Detailed guidance on how to comply with the new obligations to disclose emissions, energy consumption and energy efficiency action in directors’ reports or energy and carbon reports as applicable is expected to be published by January 2019. This will build on the current guidance on mandatory greenhouse gas reporting.