ESFA has updated its guidance to college corporations on how they can make relevant disclosures in relation to streamlined energy and carbon reporting. This updated guidance take into account the latest conversion factors produced by the Department for Business, Energy & Industrial Strategy in June 2021.
The ESFA encourages all corporations to publish the information set out in the guidance, on the corporation’s website before 31 March each year. Corporations may also choose to include the information in their annual report within the financial statements. Prior year equivalent figures should also be reported for comparison.
The guidelines acknowledge that in some circumstances, an element of the required energy and carbon information may not be practical to calculate. Where this is the case, this fact should be reported, and the corporation should explain what is omitted and what steps it is taking to acquire this information in future.