| Target |
Progress 2021 |
KPIs 2022 |
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Ensure that 100% of Group operations capture and report on CO2e emissions.
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Reduce our Scope 1 and 2 emissions by 25% by 2024: 50% by 2030: 90% by 2035 based on our 2019 baseline of 4,580 tCO2e.(1)
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Reach net zero by 2035 in Scope 1 and 2.
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- In 2021 the Group started to measure its Scope 3 emissions.
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- Develop approach to include Category 9 Downstream Transportation and Distribution and Category 12 End-of-Life Treatment of Sold Products (focusing on packaging), to cover all emissions by 100%.
- Improve data collection to move away from a spend-based methodology.
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| Scope 1 emissions are direct greenhouse (“GHG”) emissions that occur from sources that are controlled or owned by Videndum (i.e. gas usage and transportation fuel). |
Scope 1 emissions |
- Reduce Scope 1 emissions by 35% by 2027.
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- In 2021, we conducted site surveys to establish energy savings options to reduce demand and use of gas.
- We are gradually converting the Company motor fleet to electric/hybrid vehicles.
- Our Company motor fleet accounts for 23.29% of the Group’s Scope 1 emissions and 0.26% of the Group’s total carbon emissions.
- In 2021, the Group started to measure its refrigerants which account for 1% of the Group’s Scope 1 emissions and 0.01% of the Group’s total carbon emissions.
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- Decide which options to implement and confirm budget requirements.
- 25% of our fleet will be electric/hybrid by 2024.
- Carry out a feasibility study into charging capacity at sites.
- Improve data collection for sites where refrigerant data was not recorded. We aim to transition to low global warning potential F-gases over time.
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| Scope 2 emissions are indirect GHG emissions associated with Videndum’s purchase of steam, heat or cooling. |
Scope 2 emissions |
- Reduce Scope 2 emissions by 50% by 2030 and 90% by 2035.
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- Measures were initiated to optimise consumption, including solar energy systems implemented in Bury St Edmunds, UK and Cartago, Costa Rica. Currently assessing the feasibility at other Group sites.
- Full conversion to LED lighting at Feltre in progress.
- Secured renewable energy contracts in Italy, the UK and Costa Rica.
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- On-site generation solar panels will reduce global emissions.
- Convert to LED lights across the Group to reduce emissions.
- Switch to renewable energy contracts across the whole Group by 2024.
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| Scope 3 emissions are indirect GHG emissions of Videndum’s value chain. |
Scope 3 emissions |
- Reduce business air travel by 50% by 2024 (from a baseline of c.1,000 tCO2e in 2019).
- Strategically reduce our Scope 3 emissions to meet our 2045 Net Zero target.
- Scope 3 emissions account for 97% of the Group’s carbon emissions.
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- Limited flights where appropriate by moving to virtual meetings instead.
- Most Scope 3 categories calculated and revised our target to be more achievable and aligned with wider society.
- Category 7 Employee Commuting example: hybrid approach to working implemented and re-promoted cycle to work scheme. Employee commuting accounts for 1% of the Group’s total carbon emissions.
- Category 5 Waste Generated in Operations, where possible we collected and presented activity-based data on waste (i.e. waste type, mass and disposal method).
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- Continue to limit flights where appropriate by moving to virtual meetings instead.
- Implement data recommendations for each category in the carbon balance sheet.
- Develop our Net Zero Strategy to understand and engage our supply chain and staff to influence carbon reductions.
- Develop an understanding of how to decarbonise employee commuting across the Group, i.e. understand transport infrastructure per country.
- For sites with only spend data available, begin collecting activity-based data (i.e. waste type, mass and disposal method)
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