Carbon and energy reporting
For financial years starting on or after 1 April 2019, quoted companies, large unquoted companies and large LLPs are subject to new requirements to report on carbon and energy use in the directors’ report (or a new carbon and energy report for LLPs).
The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 (‘the regulations’) apply to quoted companies, large unquoted companies and large LLPs. The regulations define a company or LLP as large if it meets two out of three of the following criteria:
The regulations also set out the rules for when an entity qualifies as large in its first and subsequent financial years.