Achieving carbon negativity

As a pioneering and environmentally conscious organization, we pledge to go beyond sustainability and achieve a carbon negative footprint by 2030. This ambitious policy embodies our unwavering commitment to environmental stewardship, advocating for an impactful approach to climate change mitigation by not only reducing but reversing our carbon emissions. This pursuit sets us apart, demonstrating our proactive role in ushering a sustainable future for the planet and subsequent generations.

At our company, we are deeply committed to playing our part in the global transition to a carbon-neutral future.

Applicability and implementation

Our carbon negativity policy encompasses all our business operations, services, and supply chains. This holistic approach is driven by the urgency of the global climate crisis, underscored by rigorous scientific findings. Indeed, the Intergovernmental Panel on Climate Change (IPCC) consistently highlights the urgent need for significant cuts in greenhouse gas emissions in order to prevent catastrophic climate change.

In line with these scientific insights, the Paris Agreement's central aim is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. We are committed to contributing to these objectives through our carbon negativity policy.

This policy extends to all employees, stakeholders, and partners, who are vital contributors to the realization of this vision. As a key part of our commitment to climate action, everyone associated with our company is expected to embody the spirit of this policy and drive forward our environmental initiatives. This shared commitment will allow us to make a meaningful and measurable impact on global efforts to mitigate climate change.

Carbon negativity goals

Our company is committed to achieving a Carbon Negative status by 2030. This ambitious goal signifies that we will strive to remove more greenhouse gases (GHGs) from the atmosphere than we emit, thus attaining a 'carbon negative' footprint.

To achieve this goal, we have laid out the following key objectives:

1. Greenhouse Gas Emissions Reduction: Our primary aim is to dramatically reduce our Scope 1, 2, and 3 GHG emissions. This will be achieved through investing in energy-efficient technologies, advocating for responsible energy use across all of our operations, sourcing renewable energy, and engaging with our suppliers to ensure sustainability remains a cornerstone of our procurement decisions.
2. Carbon Sequestration and Offset: We understand the challenges of completely eliminating all emissions, especially in the short to medium term. As such, we will invest in credible carbon offset projects that reduce or remove GHGs elsewhere, and explore both natural and technological solutions for carbon sequestration.
3. Innovative Solutions: We will cultivate a culture of innovation, encouraging the development and application of new technologies and practices that reduce our carbon footprint and increase our carbon sequestration capacity.
4. Employee Engagement and Training: We will educate our employees about our carbon negative goals, involve them in our carbon reduction efforts, and provide training to incorporate sustainability into their everyday roles and responsibilities.
5. Stakeholder Engagement: We will communicate our goals, strategies, and progress towards carbon negativity to our stakeholders, which includes our customers, suppliers, investors, and the wider community. We are committed to working collaboratively with other organizations to stimulate a broader shift towards a carbon-negative economy.
6. Regular Review and Continuous Improvement: We will regularly monitor and report our GHG emissions and carbon removals, adjust our strategies as required, and continuously search for opportunities to improve, ensuring we stay on track to meet our carbon negative target.

Achieving our carbon negative goal will require a concerted effort across our entire organization. Nonetheless, we are confident that with our comprehensive strategy and the commitment of our entire team, we will successfully reach our target and make a significant contribution to the global fight against climate change.

Definition of terms

Carbon Neutrality: This state is achieved when an organization manages to balance its carbon footprint by offsetting its emissions equivalent to those released into the atmosphere each year.

Carbon Negativity:This is achieved when an organization goes beyond achieving Carbon Neutrality. It involves offsetting more carbon than the organization emits each year.

Net Zero: This is the ultimate goal for an organization, signifying that it has successfully met its 1.5°C Target and has removed any remaining emissions from the atmosphere.

Comprehensive strategy

1. Quantitative Assessment: We commit to meticulously quantifying our carbon emissions. Utilizing robust and state-of-the-art methodologies, we will ensure that all direct and indirect emissions are accurately accounted for, thus providing an empirically solid foundation for our carbon reduction endeavors.
2. Systematic Reduction: Leveraging cutting-edge technology and innovation, we will proactively reduce our carbon emissions. This will encompass optimizing energy efficiency, transitioning to renewable energy sources, refining our operational processes, and inspiring a culture of sustainable innovation throughout the company. Furthermore, our commitment extends to our suppliers, with whom we will collaboratively work towards reducing emissions.
3. Reliable Offsetting: Recognizing that certain emissions are currently unavoidable, we pledge to offset these through substantial investments in scientifically validated and socially responsible carbon offset initiatives. These may encompass reforestation endeavors, renewable energy projects, or advanced carbon capture technologies.
4. Active Sequestration: Emphasizing our commitment to exceeding sustainability, we strive to sequester more carbon than we emit. This proactive approach could encompass a range of measures, such as afforestation, soil carbon sequestration, or direct air capture technologies.
5. Unwavering Transparency: Upholding our values of accountability and transparency, we commit to regularly sharing comprehensive and honest updates about our progress towards achieving carbon negativity. We believe that this will not only instill trust in our stakeholders but also inspire other organizations to follow suit.

Measuring our carbon impact

Transparent and reliable measurement of our carbon impact is a critical element of our carbon negativity strategy. This will not only provide an objective basis for our efforts but also ensure accountability and continuous improvement. We have developed a rigorous process to measure our carbon emissions accurately, taking into consideration the guidelines provided by the Greenhouse Gas Protocol (GHG Protocol), the most widely used international framework for greenhouse gas accounting.

1. Greenhouse Gas (GHG) Inventory: We will establish a comprehensive GHG inventory covering our Scope 1, 2, and 3 emissions. This will include direct emissions from our operations (Scope 1), indirect emissions from the generation of purchased electricity consumed by us (Scope 2), and indirect emissions from our value chain activities, both upstream and downstream (Scope 3). This GHG inventory will serve as our emissions baseline against which we will track our progress.
2. Data Collection: We will systematically collect data on our energy consumption, transportation activities, waste generation, business travel, and other relevant activities that contribute to our carbon footprint. Our procurement team will work closely with our suppliers to collect necessary data for calculating Scope 3 emissions.
3. Conversion to Carbon Dioxide Equivalents: Using the appropriate emission factors, we will convert the collected data into carbon dioxide equivalents (CO2e), the standard unit for measuring carbon footprints.
4. Carbon Offsets and Sequestration: In addition to quantifying our emissions, we will also track the carbon offsets we have invested in and the amount of carbon we have sequestered through our initiatives. This will be added to our GHG inventory to calculate our net carbon impact.
5. External Auditing: To ensure the validity and transparency of our data, we will engage independent third-party auditors to review our GHG inventory and verify our emissions data. The results of these audits will be publicly disclosed in our sustainability reports.

Our detailed measurement process ensures that every aspect of our carbon footprint is accounted for. By accurately measuring our carbon impact, we are better equipped to strategize and implement the most effective reduction, offsetting, and sequestration methods, ultimately enabling us to achieve our carbon negativity goal.

Measures to achieve carbon negativity goals

Attaining our carbon negativity goal requires a comprehensive set of measures, strategic planning, and consistent execution. Here are some of the key steps we will be implementing across our operations:

1. Energy Efficiency: We will invest in enhancing the energy efficiency of our buildings, equipment, and processes. This could involve upgrading to energy-efficient lighting, optimizing heating and cooling systems, and executing energy-saving practices across our facilities.
2. Renewable Energy: We will transition to renewable energy sources wherever possible. This may involve installing solar panels on our buildings, purchasing green energy from our utility providers, or procuring renewable energy certificates.
3. Green Travel Policy: We will lessen our business travel emissions by advocating virtual meetings and encouraging the use of public transport, cycling, walking, or carpooling. Where travel is necessary, we will offset emissions through credible schemes.
4. Supply Chain Management: We will cooperate with our suppliers to diminish the carbon footprint of our supply chain. This could involve sourcing from local suppliers to curtail transportation emissions, selecting suppliers who prioritize sustainability, or collaborating with our current suppliers to enhance their environmental performance.
5. Waste Reduction: We will strive to curtail waste generation through reduction, reuse, and recycling initiatives. We will also aim to divert waste from landfill by composting organic waste or using responsible waste-to-energy schemes.
6. Carbon Offsetting: After we have exerted all possible measures to lessen our emissions, we will offset any remaining emissions through investment in accredited carbon offset projects. These could include reforestation projects, renewable energy installations, or community-based carbon reduction initiatives.
7. Carbon Capture and Storage: We will explore opportunities for carbon capture and storage, either by investing in external projects or by executing such practices within our operations, if feasible.
8. Employee Training and Engagement: We will provide training to our employees on sustainability and how they can contribute to our carbon negativity goals. We will also encourage employee participation in our carbon reduction initiatives, and recognize and reward their contributions.
9. Transparency and Reporting: We will measure and report our carbon emissions and offsetting efforts regularly. We will be transparent about our progress towards our carbon negativity goal and communicate this to our stakeholders.

By implementing these measures, we aim to drastically reduce our carbon emissions and move towards our goal of becoming a carbon negative company by 2030.

Acquiring relevant certifications

As part of our commitment to achieve negative carbon emissions by 2030, we are actively working on acquiring relevant certifications such as ISO 14064 for quantifying and reporting greenhouse gas (GHG) emissions and ISO 14001, the internationally recognized standard for environmental management systems. These certifications will serve as formal recognition of our sustainable practices and dedication to combating climate change. ISO 14064 provide us with a set of tools for programs to quantify, monitor, report and validate or verify GHG emissions, while ISO 14001 enable us to identify and control the environmental impact of our activities, products, and services, and to constantly improve our environmental performance. We understand the value of third-party validation of our environmental efforts and we're keen on ensuring that our strategies align with recognized standards and guidelines.

Roles and responsibilities

Everyone in our organization has a role to play in realizing our carbon negative vision. Specific roles, responsibilities, and targets will be assigned at every level, ensuring that our environmental commitment permeates the organization. We will establish a specialized sustainability team, which will oversee, facilitate, and ensure compliance with our carbon negative initiatives.

Policy review and enhancement

We commit to annually reviewing and enhancing this policy, ensuring that it continuously reflects evolving best practices, legal requirements, and environmental science. Our goal is to remain at the forefront of environmental stewardship, leading by example, and driving systemic change within our industry and beyond.

By adopting this policy, we make a binding pledge to go beyond the conventional and emerge as a carbon negative entity by 2030, thereby making a significant contribution to global sustainability.

Carbon offset charge