Carbon accounting

Carbon accounting software for UK reporting obligations

Calculate Scope 1, 2 and 3 emissions on DEFRA factors, then use the same dataset for SECR, ESOS, UK SRS S2 and CSRD. One measurement effort, every disclosure your directors have to sign.

Emissions · CY 2026 · UK
DESNZ 2026
Total tCO2e
48,210
▼ 6.4% vs prior year
Intensity ratio
18.4
tCO2e per £m turnover
Scope 1 · gas, fleet6,140
Scope 2 · purchased electricity3,905
Scope 3 · 15 categories38,165
SECR disclosure status
UK energy use (kWh)Complete
Intensity ratio & comparativesComplete
Energy efficiency narrativeIn review
Trusted by companies reporting across the UK, EU, US and Asia

Credibl’s carbon accounting software for your UK business

Carbon accounting software measures your greenhouse gas emissions across direct operations, purchased energy and the value chain, then turns that measurement into the disclosures UK regulation asks for.

In practice, that means connecting activity data from meters and fleet systems, alongside spend, invoice and supplier data from finance and procurement systems. It applies the appropriate emission factor to each activity for UK emissions reporting, this commonly includes the UK Government’s annual greenhouse gas conversion factors published by DESNZ and maintains an audit trail behind every reported figure, allowing the information to be traced back to its source data, calculation methodology and supporting evidence.

Credibl covers Scope 1, 2 and 3 on GHG Protocol methodology, with SECR, ESOS, UK SRS S2, CSRD and CDP outputs drawn from the same underlying dataset.

Five readers, one dataset
SECR
ESOS
UK SRS S2
ESRS E1
Carbon Reduction Plan
One emissions dataset
Activity data · DEFRA factors · full lineage

Your emissions number has to satisfy five different readers

Most UK companies are not doing carbon accounting once. They are doing it repeatedly, in slightly different shapes, for people who ask slightly different questions.

SECR wants UK energy use and Scope 1 and 2 in the Directors’ Report, with an intensity ratio. ESOS wants energy consumption analysed across buildings, transport and industrial processes. UK SRS S2 wants climate disclosures structured the way the FCA is proposing to require them from January 2027. A parent company in the EU wants ESRS E1 figures on their timetable. A public sector buyer wants a Carbon Reduction Plan before they will let you bid.

When each of those lives in its own spreadsheet, the numbers drift. Someone spots that the SECR figure and the CDP submission disagree, and the finance team spends three weeks working out which one is wrong.

Credibl holds one emissions dataset and reports from it. The disclosure changes shape. The underlying number does not.

UK frameworks covered

Built for what UK companies actually have to file

Requirement
Who it applies to
What Credibl produces
SECR
Quoted companies, plus large unquoted companies and LLPs meeting two of three tests: more than 250 employees, turnover above £36m, balance sheet above £18m
UK energy use, Scope 1 and 2, chosen intensity ratio, prior-year comparatives and the energy efficiency narrative, formatted for the Directors’ Report
ESOS
Large UK undertakings, on a four-year cycle with Phase 4 qualification on 31 December 2026 and compliance notification by 5 December 2027
Total energy consumption split by buildings, transport and industrial process, with the significant energy consumption analysis your lead assessor needs
UK SRS S2
Updating autumn 2026
Voluntary since February 2026. The FCA has proposed mandatory application for listed companies from 1 January 2027, with the Policy Statement expected this autumn
Scope 1, 2 and material Scope 3 on GHG Protocol methodology, plus the metrics and targets disclosures S2 requires
UK subsidiaries and UK groups pulled into an EU parent’s consolidated report
ESRS E1 datapoints on the parent’s reporting calendar, with the same figures reconciling to your SECR filing
PPN 006
Suppliers bidding for central government contracts above £5m a year
Carbon Reduction Plan with the Scope 1, 2 and specified Scope 3 categories the notice requires
UK importers of specified CBAM goods from 1 January 2027
Embedded emissions at product level, drawn from the same activity data
CDP, SBTi, TCFD
Voluntary, and increasingly demanded by lenders, insurers and large customers
Scored-questionnaire exports, target validation evidence and TCFD-structured climate disclosures
Measure

Scope 1, 2 and 3 on the factors UK reporting expects

Emission factors decide your answer. A UK entity applying US grid averages to a Birmingham manufacturing site produces a number no assurance provider will accept.

Credibl’s Emission Factors Hub carries DEFRA alongside EPA, IPCC, Exiobase, IEA and industry-specific datasets, with both spend-based and activity-based factors. Every factor carries its source and vintage, so when DEFRA publishes its June update, you can see exactly which calculations moved and why.

  • Activity data ingested from meters, fleet telematics, ERP, procurement and expense systems, with AI-assisted categorisation your team reviews rather than performs
  • DEFRA conversion factors maintained and versioned, alongside global and regional datasets for multi-country groups
  • All 15 Scope 3 categories, with supplier data collection questionnaires for the categories where estimates are not good enough
  • Anomaly detection that flags the meter reading with the extra zero before it reaches your Directors’ Report
  • Full data lineage from source document to reported figure
Emission Factors Hub
6 datasets
ActivitySourceVintage
Natural gas · kWh (gross CV)DESNZ2026
UK electricity · location-basedDESNZ2026
HGV freight · tonne.kmDESNZ2026
Purchased goods · spend-basedExiobasev3.9
US sites · grid electricityEPA eGRID2024
! DESNZ 2026 factors applied — 214 calculations affected
Reduction pathway · UK operations
SBTi 1.5°C
201920232024202520272030
Manufacturing · Sheffield34% of footprint
Purchased goods · top 40 suppliers29% of footprint
Distribution fleet12% of footprint
Manage

Find the emissions worth reducing

A completed inventory tells you where you stand. It does not tell you what to do next. Credibl breaks the footprint down by site, business unit, supplier and category so you can see which parts of the organisation carry the weight, then model what happens if you change them.

  • Benchmarking by region and sector to show where you sit against comparable UK operations
  • Science-based target setting with progress tracked against your chosen baseline year
  • Reduction scenario modelling, so a proposed initiative can be assessed before it is committed to
  • Supplier engagement workflows for the value chain emissions you do not directly control
  • Intensity ratios calculated on turnover, floor area, headcount or output, whichever your sector reports on
Report

One dataset, every disclosure

The reporting layer is where multi-framework work either saves time or wastes it. Credibl maps each figure once, then reuses it wherever it is needed. Change a restated prior year and every disclosure drawing on it updates together.

  • SECR-ready energy and carbon tables with comparatives and methodology statement
  • UK SRS S2 and TCFD climate disclosures across governance, strategy, risk management, and metrics and targets
  • ESRS E1 datapoints for UK entities inside EU group reporting
  • CDP questionnaire exports and SBTi submission evidence
  • Board and management dashboards for the reporting cycle in progress
  • Assurance packs with evidence attached at line-item level, built for limited and reasonable assurance engagements
SECR · Directors’ Report output
Export
UK disclosure2025/262024/25
Energy consumption (MWh)61,42064,880
Scope 1 (tCO2e)6,1406,702
Scope 2, location-based (tCO2e)3,9054,318
Intensity (tCO2e / £m turnover)18.419.7
SECR UK SRS S2 ESRS E1 CDP Assurance pack

For UK banks, insurers and investment managers

Financed emissions sit in Scope 3 Category 15, and for a financial institution they usually dwarf everything else. Credibl calculates them under PCAF methodology across asset classes, at loan and holding level, with the data quality scoring PCAF requires.

Credit, risk and sustainability teams work from the same portfolio view, which matters when the FCA asks how your climate disclosures connect to your lending decisions.

Portfolio · PCAF data quality
Business loansScore 2.1
Commercial real estateScore 3.4
Listed equityScore 1.8
Motor vehicle lendingScore 4.0
Incredibl Agents

The work nobody wants to do, done before you open the file

Carbon accounting has a lot of unglamorous middle: chasing a site manager for a gas reading, matching 4,000 procurement lines to emission factors, checking whether last quarter’s anomaly was real.

Your team reviews decisions. It stops doing data entry.

EVA
EVA
Your AI Teammate

Collects and validates activity data across sites and suppliers.

Argus
Argus
The Data Analyst

Cleans, maps and interrogates the activity data behind every figure.

Cira
Cira
The GHG Agent

Runs the emissions calculations and DEFRA factor matching.

Quill
Quill
The Reporting Agent

Drafts the disclosure narrative around your reviewed figures.

Verity
Verity
The Auditor

Runs the checks before anything goes to assurance.

Meet the Incredibl Agents →

What changes when you stop reporting from spreadsheets

99%
accuracy on carbon emissions data
85%
improvement in data transparency and quality
3,000+
human hours saved per year

“The Credibl team did a great job with the platform. It gave us important insights that we were missing, and helped us set our sustainability priorities and make the well-informed business decision to reduce our ESG footprint.”

SC Sandip Chauhan
Senior Engineer, Operations & Maintenance, Samta Energy

From kick-off to a defensible first inventory

01
Scoping

Organisational and operational boundaries agreed, entities mapped, reporting calendar set against your SECR filing date and any group deadlines.

02
Data connection

Meters, finance systems, fleet and procurement connected. Historic data loaded for baseline and comparatives.

03
Calculation

Factors applied, Scope 3 categories screened for materiality, anomalies resolved.

04
Review

Your team reviews flagged decisions rather than raw data. Methodology documented as you go.

05
Disclosure

SECR, UK SRS S2, ESRS or CDP outputs generated from the reviewed dataset.

06
Assurance

Evidence pack handed to your assurance provider with lineage intact.

Questions UK teams ask

Is carbon accounting mandatory in the UK? +

Partly. SECR has been mandatory since April 2019 for quoted companies and for large unquoted companies and LLPs meeting two of three tests: more than 250 employees, turnover above £36m, or a balance sheet total above £18m. ESOS applies to large UK undertakings on a four-year cycle. UK SRS S1 and S2 were published in February 2026 for voluntary use, and the FCA has proposed making S2 mandatory for listed companies from 1 January 2027, with its Policy Statement expected in autumn 2026.

What is SECR and who has to comply? +

Streamlined Energy and Carbon Reporting requires in-scope UK companies to disclose energy use and greenhouse gas emissions in their Directors’ Report. Quoted companies report global Scope 1 and 2 emissions with at least one intensity ratio. Large unquoted companies and LLPs report UK energy use and the associated Scope 1 and 2 emissions from gas, electricity and transport. Both must describe the energy efficiency measures taken during the year.

Which emission factors should a UK company use? +

DEFRA publishes UK greenhouse gas conversion factors annually, usually in June, and they are the expected basis for SECR and most UK reporting. Companies with international operations also need location-appropriate factors for overseas sites. Credibl maintains DEFRA alongside EPA, IPCC, IEA and Exiobase datasets, with the source and vintage recorded against every calculation.

How does UK SRS S2 differ from TCFD? +

UK SRS S2 is the UK-endorsed version of IFRS S2 and builds directly on the TCFD framework, keeping the same four pillars. The difference is specificity. TCFD is principles-based. S2 is a formal reporting standard that requires scenario analysis with disclosed method and assumptions, Scope 3 broken out by category, quantified financial effects where reasonably possible, and a clearer connection between climate disclosure and the financial statements. Note that the UK version moved the industry-based guidance from mandatory to optional, so SASB-based metrics are a choice rather than a requirement. Companies already reporting to TCFD have a head start, but not a finished job.

Do we still need SECR if we report under UK SRS? +

For now, yes. They are separate regimes. DESNZ has said it will look at how UK SRS energy and emissions reporting interacts with SECR with a view to reducing duplication, but no change has been made. Reporting both from a single dataset is the practical answer until that lands.

Can one platform handle SECR and CSRD together? +

Yes, and for UK subsidiaries of EU parents it is close to essential. The measurement work is largely shared; the disclosure shapes differ. Credibl maps activity data once and generates SECR tables and ESRS E1 datapoints from the same figures, which also stops the two filings contradicting each other.

How long does implementation take? +

Most organisations reach a first complete inventory within six to ten weeks, depending on how many entities are in scope and how accessible the data is. Companies with clean meter data and a single ERP move faster. Multi-site groups with fragmented systems take longer, mostly in the data connection phase.

Do you handle Scope 3? +

All 15 categories. Screening comes first, to establish which are material for your sector, then a mix of supplier-specific data, activity-based calculation and spend-based estimation depending on what each category supports. Scope 3 is where most UK companies have the largest footprint and the weakest data, so the supplier engagement workflows matter as much as the calculation engine.

Is the output ready for assurance? +

Yes. Every reported figure keeps its lineage back to source, with evidence attached, calculation methodology recorded and version history preserved. Assurance providers are given an evidence pack rather than a folder of spreadsheets and a phone number.

Download Your List

Book Your Demo