Specialty green coffee traders, sourcing from 26 origins on behalf of over 1000 roasters.

Date

NEW Climate Reporting Regulations in the UK
Regulations Tabs-03

The UK has earned a position as the first country in the G20 to enshrine a new climate reporting framework into law. Based on the framework of the Taskforce for Climate-Related Financial Disclosures (TCFD), this new regulation will expand upon an earlier regulation asking many companies to report emissions data (SECR). The new regulation goes further, requiring companies to report on their climate strategy and risk management in response to climate change’s impact on their business.

The UK’s largest listed companies begin reporting April 2022 and a roadmap to include other larger and listed companies is drafted that will progress into 2025.

What does ‘SECR’ stand for?

What does ‘TCFD’ stand for?

What is the difference between ‘SECR’ and ‘TCFD’?

How will it work?

If you’re not a large, listed company or financial institution, why does this matter?

Further reading and useful resources

For guidance on emissions scopes:

https://www.epa.gov/climateleadership/scope-1-and-scope-2-inventory-guidance

https://www.epa.gov/climateleadership/scope-3-inventory-guidance


On SECR:
https://normative.io/insight/secr-explained/


On the UK’s TCFD reporting:

https://www.anthesisgroup.com/mandatory-tcfd-climate-risk-reporting/
https://eco-act.com/tcfd/are-you-ready-for-mandatory-tcfd/
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/933783/FINAL_TCFD_ROADMAP.pdf