SECR Reporting: What UK Real Estate Portfolios Need to Know in 2024
Streamlined Energy and Carbon Reporting (SECR) remains a key regulatory requirement for UK companies. This guide covers what property portfolios need to report, common pitfalls, and how to ensure audit-ready submissions.
What is SECR?
The Streamlined Energy and Carbon Reporting (SECR) framework requires qualifying UK companies to report their energy use and carbon emissions in their annual reports. For real estate portfolios, this means capturing energy data across all managed properties and converting it into reportable carbon figures.
Who needs to report?
SECR applies to quoted companies, large unquoted companies, and LLPs that meet two of the following criteria: turnover of £36m or more, balance sheet total of £18m or more, or 250 employees or more.
What must be reported?
- UK energy use (kWh) for electricity, gas, and transport
- Associated greenhouse gas emissions (Scope 1 and Scope 2)
- At least one intensity ratio (e.g., tCO2e per square metre)
- Information about energy efficiency actions taken
Common challenges for property portfolios
Real estate portfolios face unique challenges: multiple utility accounts, landlord vs tenant splits, data gaps from sub-metered areas, and the complexity of applying the correct emission factors. Without a governed data pipeline, SECR submissions can become inconsistent and difficult to audit.
How Sustainify AI helps
Sustainify AI automates the collection, validation, and conversion of energy data into SECR-ready figures. Every calculation is traceable to its source, making audit preparation straightforward.