The ESFA has today issued updated guidance on energy and carbon reporting by college corporations.
The main financial reporting requirements for corporations are set out in the college accounts direction. This guidance is non-statutory and does not replace or modify any of those requirements.
The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 (the 2018 Regulations) implement the government’s policy on Streamlined Energy and Carbon Reporting (SECR).
Whilst corporations are outside of the scope of the 2018 Regulations, the college accounts direction encourages them to make equivalent disclosures on their website. This guidance aims to support corporations by providing an overview of the 2018 Regulations.