Which companies must report under SECR?
The SECR reporting framework applies to all quoted companies, large unquoted companies and large LLPs. ‘Large’ is defined as having at least two of the following: 250 employees or more; an annual turnover greater than £36 million; and an annual balance sheet total greater than £18 million.
The government estimates that approximately 11,900 companies will be reporting under SECR, compared to approximately 4,000 under CRC.
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