Fulkers Bailey Russell - Carbon Emissions Report 2025
This year marks our fourth Carbon Reduction Report, a milestone that reflects our continued commitment to transparency, progress, and climate leadership. Each year, we refine how we collect and report our emissions data, and this year, we’ve included more detailed insights than ever before, guided by best practice and a drive to go further.
In what has been recorded as the hottest year on record, with growing pressure on governments and businesses alike to act, we know that our responsibility has never been clearer. This is a decisive moment to stay on track, remain accountable and lead by example in how we deliver our projects.
We firmly believe that achieving our Net Zero goals isn’t something that can be done in isolation. Progress is only possible when we act collectively within our teams, clients and across our value chain. We also understand that we must be held accountable for how we operate as a business. Everyone across the company has a part to play in achieving Net Zero, as our day-to-day activities directly impact our overall emissions.
Over the past year, we’ve provided training and education to ensure every team member understands the role they play in this journey. These efforts have also opened up space for staff to share ideas for improvements and carbon reduction initiatives. There is genuine passion for sustainability across the company and this shared energy continues to drive us forward as we build a more sustainable business together.
Together, we can go further, faster and grow together.
Emma Lampard
Sustainability Lead
Highlights of What We’ve Achieved Over the Past Year.
Re-baselining for Accuracy and Transparency.
As our data quality and emissions reporting have improved significantly, we have chosen to re-baseline and use the data from 2025 as our new baseline year. This ensures consistency, comparability and integrity in how we measure progress going forward.
The selection categories have adapted this year to reflect more detailed and accurate categories. This change in methodology has helped us more clearly define our Scope 3 emissions, leading to a more robust and representative footprint.
Transitioned to recording more accurate and complete emissions data. Improved supplier onboarding and sustainable supply chain management. Aligned with ISO 20400:2017 for sustainable procurement. Developed and completed a Risk and Opportunity Register to guide strategy.
Enhanced our waste strategy across all offices. Reviewed and revised office supply procurement to prioritise sustainable alternatives. Increased internal training and awareness across the team. Strengthened data collection methods and accuracy.
Image Captured by Leo Haywood, Managing Director - Residential & Compliance.
Year:
(1 April - 31 March)
This is Fulkers Bailey Russell’s (Fulkers) fourth Carbon Emissions Report, in which we have made a comprehensive effort to calculate our entire business carbon footprint, including emissions from the supply chains of the goods and services we use. Our Net-Zero commitment encompasses all our emissions and our actions focus on reducing them.
Scope 1: 0.0 tCO2e
Fulkers has short-term leases of shared office spaces and has very limited operational control of these spaces as result. The company does not own any vehicles either. We have not therefore classified any emissions as Scope 1.
In last year’s report, we identified data gaps that required us to estimate emissions in certain areas. This year we have worked diligently to close these gaps. In addition our carbon calculator categories have expanded, allowing us to capture our emissions in a more advanced way than ever. This has led to our emissions increasing significantly as a result of this. Due to this we have decided to re-baseline and use this year’s reporting as our baseline year.
The benefit of re-baselining is that it provides us with a clearer, fairer and more accurate foundation for tracking progress towards our carbon reduction goals.
Scope 2: 21.67 tCO2e
This accounts for our electrical usage across our offices.
2024-25 EMISSIONS
Our Progress.
CONTEXT
The offices we lease are managed by third-party property owners, and the energy used for heating, cooling, and powering these spaces falls under Scope 2 emissions, which we account for separately. Similarly, since we do not have company vehicles, there are no direct emissions from fuel combustion associated with our business operations.
Last year our Scope 2 emissions per £1 million turnover was 1.31 metric tonnes, this figure stands at 1.28 metric tonnes. This reduction is due to office moves into more energy efficient buildings. Scope 3
Scope 3 emissions
million of
were 25.02 metric tonnes last year, compared to 34.63 metric tonnes this year. Despite the increase in emissions we have worked hard to improve our supply chain procurement and management process and have made significant reductions in business travel emissions over the past year. This increase in emissions is due to the inclusion of more data than ever before. In addition, the emission categories have evolved. Some of the biggest inclusion in this year’s scope 3 emissions data is the rental costs for our offices, which has contributed to 76.36 kg TCo2e and insurance 61.55 TC02e.
This year, our carbon intensity has increased, primarily due to improvements in our Scope 3 data capture. As we continue to strengthen our reporting and align with best practices, we have expanded the range and accuracy of our Scope 3 emissions. We anticipate that as we further refine our supply chain data and engagement, shortterm increases in reported carbon intensity may continue, before stabilising and then declining as reduction measures take effect.
Our Carbon Clock.
The carbon intensity targets are based on an estimated business growth between now and 2030.
Reducing absolute emissions is also critical for contributing to global climate goals, as it reflects a real reduction in the total greenhouse gases the company emits.
Image
by Sam Bailey, Partner
Projects & Initiatives.
Image captured by Christina Hayward, Associate Director.
Our Carbon Reduction Plan.
Fulkers Bailey Russell is committed to achieving Scope 1 & 2 Net-Zero emissions by 2035.
Emission Reduction Targets.
In order to continue our progress to achieving Net-Zero, we have adopted the following carbon reduction targets.
These targets will be subject to internal review over the next 6-12 months in order to establish whether even more ambitious targets could be set.
By 2030
We will take the necessary action to reduce carbon emissions from our business by 50% by 2030 (relative to turnover).
By 2035
We will achieve Net-Zero for scope 1 and 2 by 2035 and continue to focus on reductions in scope 3.
Net-Zero
By 2050 we will have fully eliminated our carbon footprint, ensuring that every aspect of our operations, from direct emissions to those in our supply chain, align with global climate goals. We are actively working to achieve this in a quicker timeline.
Science Based Targets
Fulkers Bailey Russell has approved near and long-term sciencebased emissions reduction targets with the SBTi.
Short-Term Carbon Reduction Projects.
Sustainability Accreditations
Expense Categories
Uphold B-Corp and EcoVadis accreditations and continue to drive improvements in sustainability practices and carbon reduction outcomes.
Office Portfolio Review
Review floor space, cost, energy ratings and lease terms and build sustainability scoring into future office decisions.
Revise Travel Policy
Refine financial coding and expense tracking, tagging services by carbon intensity (e.g. design, IT, legal).
Education and Engagement
Roll out training, share data and impact report and run behaviour change campaigns.
Office Energy Audits
Promote rail over air, limit internal flights, encourage hybrid meetings and require justification for high-carbon travel.
Commission energy assessments, prioritise LED, smart controls, insulation. Quick wins: timer settings and switch-off protocols.
Sustainable Procurement Policy
Develop procurement criteria (low-carbon, ethical), use supplier onboarding to assess and screen and prioritise local and lowimpact suppliers.
Long-Term Carbon Reduction Projects.
This revised data has promoted a review of our environmental objectives and operational procedures, allowing us to refine our approach and focus effort where they will have the greatest impact.
We are now using this updated footprint to reprioritise existing controls and identify new, targeted actions that will support meaningful long-term carbon reductions and ensure accountability against our climate commitments.
100% Renewable Energy Offices
Work with landlords, require renewable contracts in future leases and monitor performance.
Supply Chain Emission Reduction
Identify high-impact suppliers, engage to improve or switch and review and reduce overall purchasing volume.
Relocate to Eco-Conscious Buildings
Look for EPC A-rated, BREEAM/LEED-certified spaces and include sustainability in office selection matrix.
Office Location
Prioritise sites near train/tram/bus links and promote active travel through facilities.
Supplier Carbon Reporting
Require basic emissions data or proxy scoring, build database and track performance over time.
Travel & Commuting Strategy
Recognising the significant contribution of travel related emissions to our overall footprint, we are developing a longterm travel and commuting strategy that supports our Net-Zero ambitions. This will involve a phased approach to reducing emissions from both business travel and employee commuting.
Image Captured by Amie Walsh, Director.
This Carbon Emissions Report has been completed in accordance with PPN 06/21 and associated guidance and reporting standard for Carbon Reduction Plans.
Emissions have been reported and recorded in accordance with the published reporting standard for Carbon Reduction Plans and the GHG Reporting Protocol corporate standard and uses the appropriate Government emission conversion factors for greenhouse gas company reporting.
Signed on behalf of the Supplier:
Scope 1 and Scope 2 emissions have been reported in accordance with SECR requirements, and the required subset of Scope 3 emissions have been reported in accordance with the published reporting standard for Carbon Reduction Plans and the Corporate Value Chain (Scope 3) Standard.
20/09/2025
Image captured by Kate Cooper, Talent Manager.
This Carbon Reduction Plan has been reviewed and signed off by the board of directors (or equivalent management body).
