There are several mandatory carbon reporting frameworks internationally and in the UK. For the UK these are:
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Task Force on Climate-related Financial Disclosures(TCFD): Run by the IFRS (International Financial Reporting Standards) under standards S1/S2. Companies must report on their governance, strategy, risk management, targets, and metrics with respect to climate-related risks and opportunities. Companies must disclose scope 1, 2, and, if appropriate, scope 3 emissions. measurable.energy fits into various sections in terms of monitoring and emissions reporting but the key part is in the Metrics & Targets section where the metrics and targets used to assess and manage relevant climate-related risks need to be disclosed. We offer a simple automated way to show and prove reduction metrics.
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Streamlined Energy and Carbon Reporting (SECR): UK Government legislation that requires companies to report scope 1 and 2 emissions, at least one intensity ratio (emissions data compared against a company metric), energy efficiency actions in the relevant financial year, methodologies taken to calculate disclosures and the previous year's energy use. There are dedicated sections in the legislation regarding measuring, reporting and emission reductions. The key parts that measurable.energy contributes towards this report are the energy efficiency actions including the results and progress as well as using our reports as evidence to support the methodology.
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Coming in 2025: Corporate Sustainability Reporting Directive (CSRD): A European law that will cover businesses that have branches/facilities in the EU. Key reporting metrics around climate change, pollution and resources. Very similar requirements in terms of measuring, reporting and methodologies to support emission reductions.
There are other non-legally required reporting frameworks that our reporting savings support including Science-Based Targets initiative (SBTi), Carbon Disclosure Project Reporting (CDP), Global Reporting Initiative (GRI) and a range of sector-specific guidelines SBTi Sectors
To support all of these we provide the measurement data, reduction data and the reduction methodology in one report that takes less than 2 minutes to generate, with no limits to the number of reports generated or users with reporting access. Though a business may not pay a consultant to do any of this across small power, any energy reduction technology or strategy would very likely have somebody internally required to pull data together before and after to meet the legal requirements of the reporting laws.