Policies

Carbon Reduction Plan

Carbon Reduction Plan for GREEN PARK

Published date: 01/08/2024

Our Commitment.

Company Name: Green Park Interim & Executive Ltd Company Registration Number: 05672094

Green Park is committed to achieving Net Zero emissions by 2050.

What does Net Zero mean in practice?

To achieve Net Zero, we will be aiming to reduce emissions in line with the latest science- based targets (SBTs). SBTs are greenhouse gas reduction goals set by organisations. They are defined as “science-based” when they align with the scale of reductions required to keep global temperature increases well-below 2°C compared to pre-industrial temperatures. SBTs provide organisations with pathways to sustainable transformational change to accelerate the transition to a low carbon economy.

For us, this means that we will need to reduce our absolute carbon emissions by at least 90% from our baseline year, or achieve (and maintain) a carbon intensity metric of <1 tonne CO2e per employee, whichever comes soonest. To keep ourselves on track with these long-term targets, we have set the following near-term goals:

  • Reduce our Scope 1 & 2 emissions by 42% by
  • Reduce our Scope 3 emissions by 30% from our baseline year by
  • Reduce our Scope 3 emissions by 50% from our baseline year by

Scope 1 emissions: direct greenhouse gas emissions that occur from sources owned or controlled by a company, such as emissions from combustion of fuels in on-site boilers, furnaces, or vehicles.

Scope 2 emissions: indirect greenhouse gas emissions that result from the generation of purchased electricity, steam or other forms of energy consumed by a company.

Scope 3 emissions: all other indirect greenhouse gas emissions that occur in an organisation’s value

chain, including emissions from upstream and downstream activities.

Our Carbon Footprint.

Baseline Emissions Footprint

Baseline emissions are a record of the greenhouse gases that have been produced in the past and were produced prior to the introduction of any strategies to reduce emissions. Baseline emissions are the reference point against which emissions reduction can be measured. We have chosen to set our baseline year as January 2023 – December 2023.

Baseline Year: 01/01/2023 -31/12/2023

01.08.24 - 2023 to follow. 2022 listed below


What has been included in the carbon footprint?


All Scope 1 & 2 emissions have been measured, with the exception of Fugitive Emissions due to a lack of data availability.

The following Scope 3 Emissions were also measured:

●        Purchased Goods & Services

●        Capital Goods

●        Fuel & Energy Related Services

●        Business Travel

●        Transportation & Distribution (Downstream)

●        Transportation & Distribution (Upstream)

●        Employee Commuting & Home Working

●        Operational Waste & Water

EMISSIONS

TOTAL (tonnes CO2e)

Scope 1

114.817

 

Scope 2*

Market-based: 100.365

Location-based: 100.365

Scope 3

580.775

Total Emissions*

Market-based: 795.957

Location-based: 795.957

*Purchased electricity can be measured in two ways. A location-based method reflects the average emissions intensity of grids on which energy consumption occurs (using mostly grid-average emission factor data). A market-based method reflects emissions from electricity that companies have purposefully chosen (or their lack of choice). A market-based method therefore takes into account the purchase of electricity via a verified renewable energy tariff. We have chosen to base our Net Zero target on a market-based methodology.

Carbon Intensity Metrics

Baseline year: CY 2022

CARBON INTENSITY METRIC (tonnes CO2e / unit)

Employees

7.8

Turnover (£M)

18.6

Based upon 102 employees, and a £42.7M turnover during the measurement period. We are using market-based emissions to calculate our intensity metrics.

Current Emissions Reporting

Current Reporting Year: 01/01/2023 - 31/12/2023

Current Reporting Year is the Baseline Year

Carbon Emissions Breakdown

01.08.24 - 2023 to follow. 2022 listed below:

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Carbon Reduction.

Our Net Zero targets

Green Park is committed to achieving Net Zero by 2050. To do this, we will need to reduce our absolute carbon emissions by at least 90% from our baseline year, or achieve (and maintain) a carbon intensity metric of <1 tonne CO2e per employee, whichever comes soonest.

We have set the following near-term targets to 2030 to keep ourselves on track with our ultimate Net Zero goal. Targets for the remaining period will be set as we progress closer to 2030.

  • Reduce our Scope 1 & 2 emissions by 42% by
  • Reduce our Scope 3 emissions by 30% from our baseline year by
  • Reduce our Scope 3 emissions by 50% from our baseline year by

Progress

There are no previous targets to report progress upon.

Completed Carbon Reduction Initiatives

The following emissions management measures and projects have been completed or implemented since the start of our baseline reporting period.

Activity

Completion Date

Scope

Commit to measuring carbon footprint of business activities year on year to gain an understanding of pinch points and regularly be making efficient and direct improvements to reduce these emissions.

Year 1 appointed Positive Planet to support with calculating baseline carbon footprint and reduction recommendations.

 

 

 

 

2023

 

 

 

 

1,2,3

Created a Green Team to lead initiatives. This team has been made up of members from different departments to support the roll out of initiatives and management of data, this includes sharing and collaborating throughout the organisation.

 

 

2022

 

 

1,2,3

Since the current Reporting Year, there have been repairs to the gas boiler system. This is expected to reduce the total gas consumption of Green Park when reporting the next measurement (Calendar Year 2023).

 

 

2023

 

 

1

Green Park have subscribed to Play It Green, which delivers weekly sustainability tips to all employees via email. Emails sometimes include energy saving actions which can be achieved in the workplace.

 

 

2022

 

 

1,2,3

 

Future Carbon Reduction Plans

We are committing to action the following emissions management measures and projects in line with our Net Zero targets.

REDUCTION PLANS – Scope 1 & Scope 2

Activity No.

Activity

Target Date

Category

 

 

 

 

 

1

Ask the landlord to consider low-cost options such as reducing the boiler temperature (Head Office - Partnership House) and adding heat & solar control reflective window sheets.

Encourage landlord to consider planning for larger cost management (where appropriate) such as an efficient boiler system.

 

 

 

 

 

2023

 

 

 

 

Stationary Combustion

 

 

 

2

Encourage the landlord/management company at the Head Office (Partnership House) to procure a 100% renewable electricity tariff. This change will reduce market-based emissions (from chosen tariff) from the London office (common areas) to 0 tCO2e.

 

 

 

2024

 

 

Purchased Electricity

 

 

 

3

 

Total location-based electricity emissions (National Grid energy mix) are still 100.365tCO2e so there is an opportunity to reduce energy use.

We will implement behaviour change initiatives within the workplace for reduction of emissions, including clear messaging for

turning off lights, monitors, computers, and other electrical appliances where appropriate. We will assign roles and responsibilities to Green Team members.

High-level monitoring of energy use is key to understanding further pinch points.

As electricity usage is assigned on a square-foot basis, engagement with other leasees of the building will support a reduction in the reported energy usage of Green Park.

 

 

 

2023

 

 

 

Purchased Electricity

4

Encourage landlord to implement energy efficiency measures to reduce the overall amount of electricity consumed at sites. Optimise operational procedures and implement energy management systems (such as ISO 14001).

Examples of reduction measures include upgrading lighting, introducing more sensor lighting, installing timers on sockets/equipment. Also review and renew inefficient equipment (when at end of life), and actively consider the energy efficiency of equipment when new purchases are required (e.g. laptops, fridges, dishwashers).

Invite colleagues from different sites to openly explore challenges and barriers to collaboratively find solutions for reduction.

2024

Purchased Electricity

5

To completely reduce market and location- based energy emissions to zero, encourage landlord to install on-site renewable energy generation technologies such as solar PV panels, solar heating, heat pumps (following an energy audit to assess feasibility and payback periods), to generate 100% of heating and energy demand. Consider removing on-site stationary combustion (gas) heating.

 

If the UK Grid is 100% powered by renewable energy before this point, your Scope 2 location-based (and market-based) electricity emissions will already be zero. You would still need to consider gas emissions unless removed (or better technology is available).

2030

Stationary Combustion Purchased

Electricity

6

Consider moving to premises without gas heating for 100% reduction in stationary combustion emissions.

2030

Stationary Combustion

Based upon the above completed and planned initiatives, it is projected that Scope 1 & 2 carbon emissions will decrease to 0 tCO2e by 2030.

REDUCTION PLANS – Scope 3

Activity No.

Activity

Target Date

Category

1

Consider training and engagement for the Green Team, leadership, and the wider employee base. Including and not limited to, creating spaces for environmental positive conversations (internal comms, newsletters, slack, Teams etc), certified Carbon Literacy Training for all applicable to roll out to further workforce and share with externals where appropriate. On average, certified learners reduce their carbon footprints by 5-15%, of which 50- 100% are work-related.

2023

 

 

 

Commuting & Home Working,

Business Travel, Operational Waste

2

Implement a Sustainable Procurement Policy. Encourage suppliers to adopt sustainable practices and improve their own carbon footprint through supplier engagement, procurement policies and contracts, and monitoring reporting mechanisms.

Commit to a Sustainability Audit or Survey to request further information regarding credentials – Plan to send these to the Top 10 suppliers by spend, or to capture at least 25% of total spend (whichever is highest). This data collection will support Green Park’s reduction journey by gathering important data for year two

measurement & encourage supply chain integration towards Net Zero. Complete this audit within Two Phases –

1. Identify suppliers for engagement.

2. Formulate and collect data (survey/scoring)

Once completed prioritise suppliers with lower carbon footprints as part of the above phased approach. This may also involve purchasing second hand/refurbished (furniture, IT equipment) and extending the lifespan of purchased items.

Develop and monitor procurement policy for all new suppliers to align to Net Zero goals.

2023 -

2028

 

 

 

 

 

 

 

Purchased Goods & Services

3

Review logistics partners/couriers and utilise the above Sustainable Procurement Policy. Work with providers to gather their emissions data, and/or switch to lower-carbon providers.

Prioritise purchasing from local suppliers to limit delivery mileage.

2027

Upstream Distribution

Downstream Distribution

4

Develop and implement a Sustainable Travel Policy to prioritise the environmental impact of choices when travelling, staying in hotels and commuting. The priorities within this policy will support active travel and low

emission travel options where appropriate.

Monitor and consider alternatives to air- based travel as a priority and commit to offering support to workforce with options for active travel schemes; such as bike to work or car sharing opportunities.

Utilise the emissions travel hierarchy –

Digital communication Walking & wellbeing Cycling

Public and shared transport

Public and shared EV’s and car sharing

ICE vehicles and car sharing Air Travel

 

Consider creative ways to engage and support the workforce to influence change.

Examples include setting an internal organisation carbon credit scheme (limit that to a number of tCO2e per year), extra holiday days for low emission travel choice, bonuses, subsidised travel, equal mileage payments for diesel/petrol/EVs/cycling.

Improvements in Data Quality for Business Travel will support this by enabling effective tracking of Travel behaviours across Green Park

2024

Business Travel Commuting

 

5

Ensure all future company-owned vehicles are also electric. Building this into company policy will prevent undue emissions arising in Mobile Combustion from new purchases of ICEVs.

2023

Mobile Combustion

6

Utilise green web hosting services, and optimise website images & media to reduce energy intensity.

2024

Purchased Goods & Services

7

Implement a Sustainable Procurement Policy for capital expenditure. This prioritises procurement of those products with lower carbon footprints, the highest energy efficiency ratings, and optimal lifetime usage.

 

 

8

Engage with remote office / meeting space providers to establish which offer the lowest-carbon option for occasional usage. Improve data quality when reporting meeting space usage.

2027

Purchased Goods & Services

9

When leasing / renting vehicles, utilise the Sustainable Travel Hierarchy. This entails prioritising fully-electric vehicles ahead of electric-hybrid and ICEV.

2023

Business Travel

10

Hardware storage of historic / rarely- used files & policies will enable a reduction in total use of data centres. This will be done in line with existing data protection policies.

2024

Purchased Goods & Services

11

Streamlining of digital assets. This may include conducting a company-wide, cross-department survey to establish which software products are rarely used. Such assets will then be removed.

2024

Purchased Goods & Services

12

Apply an electric-first policy when procuring assets which require fuel usage.

2026

Capital Goods, Stationary Combustion

13

Seek software solutions to improve the use efficiency of hardware, and replace the need to procure additional hardware.

2027

Capital Goods

14

Issue an annual Commuting & Homeworking Behaviours survey amongst all employees. Results of the survey will be used to capture data of enhanced quality for future measurements. Trends from the survey will inform employee education & engagement programmes.

2023

Commuting & Homeworking

15

Sustainable Procurement Policy for capital goods. This includes regular maintenance checks & repairs, plus a minimum lifetime requirement for all purchased goods. Assets will also be ranked according to sustainable attributes, with enhanced consideration given to re-used / re-purposed goods where possible.

2026

Capital Goods

Based upon the above completed and planned initiatives, it is projected that Scope 3 carbon emissions will further decrease over the next seven years from the current normalised measurement (minus capital goods) of 507.018 tCO2e to 253.508 tCO2e by 2030. This is a reduction of 50% and will keep us on track to Net Zero.

Declaration and Sign Off.

Emissions have been reported and recorded in accordance with the published reporting standard for Carbon Reduction Plans and the GHG Reporting Protocol corporate standard1 and uses the appropriate Government emission conversion factors for greenhouse gas company reporting2.

This Carbon Management Plan has been reviewed and approved by the Green Park Executive Team.

[1] https://ghgprotocol.org/corporate-standard

[2] https://www.gov.uk/government/collections/government-conversion-factors-for-company-reporting

Green Park Interim & Executive Limited. Registered in England and Wales. Registered office: 4th Floor, Partnership House, Carlisle Place, London SW1P 1BX.
Company registration no: 05672094. VAT registration no: 888 2432 84 © Copyright 2019. Green Park. All Rights Reserved.