After regulation 12A (strategic report), insert -

"PART 5A ENERGY AND CARBON REPORT

12B. Energy and carbon report

Sections 415, 415A, 416 and 419 apply to LLPs, modified so that they read as follows -

"Duty to prepare energy and carbon report

415.

(1) Unless the LLP is exempted under section 415A(1) or (4), and subject to subsection (4), the members of an LLP must prepare an energy and carbon report for each financial year of the LLP.

(2) For a financial year in which -

(a) the LLP is a parent LLP, and

(b) the members of the LLP prepare group accounts,

the energy and carbon report must be a consolidated report ("a group energy and carbon report") relating to the undertakings included in the consolidation.

(3) A group energy and carbon report may, where appropriate, give greater emphasis to the matters that are significant to the undertakings included in the consolidation, taken as a whole.

(4) Subsection (1) does not apply if -

(a) the LLP is a subsidiary undertaking at the end of the financial year;

(b) the LLP is included in the group report of a parent undertaking;