Carbon Reduction Policy 2025

CARBON REDUCTION PLAN Publication date: 12th February 2025

Commitment to achieving Net Zero

Goodman Masson is committed to achieving Net Zero emissions by 2050. We commit to mitigating climate change through increasing energy efficiency during the delivery of our services.

Baseline Emissions Footprint We have accounted for all quantified GHG emissions and/or removals from facilities over which it has financial control. The 2019 - 2020 assessment covers our UK operations.

It should be noted that our offices were closed due to the COVID pandemic for three months of this 12-month period, therefore decreasing the electricity consumption. As a result, it would be expected for electricity consumption and total site emissions to increase in future assessments which have included our international offices in Germany and New York. We intend to rebaseline next year.

Baseline year emissions: 2020 (1st September 2019 to 31st August 2020)

EMISSIONS

TOTAL (tCO2e)

Scope 1

0.00

Scope 2

51.9

Scope 3 (Included Sources)

36.17

Total Emissions

87.76

Current Emissions Reporting

We are currently assessing the 2023 -2024 period and will update this when complete

Reporting Year: 2023 (1st September 2022 to 31st August 2023) Scope

Activity

TOTAL (tCO2e)

Natural gas

2.01

Petrol

0.31

Scope 1

Scope 1 Total Scope 2

2.32 Electricity generation

Scope 2 Total

Scope 3

35.85 35.85

Scopes 1 and 2 WTT

8.05

Transmission & Distribution

3.38

Flights

153.05

Hotels Stays

11.66

Rail travel

3.28

Taxi Travel

1.26

Employee-owned car travel (grey fleet) & Hire Cars Homeworking Scope 3 Total Total Emissions (location based)

7.21 + 7.21 6.54 201.63 239.81

Tonnes of CO2e per employee

1.60

Tonnes of CO2e per £M Turnover

1.95

Emissions Reduction Targets In order to continue our progress toward achieving Net Zero, we are aware we need to rebasesline to be able to effectively measure our progress (due to baseline numbers being COVID and therefor not accurate) We have adopted the following carbon reduction targets: Reduce scope 1 and scope 2 GHG emissions by 50% by 2035 from our rebaseline year (expected 2024) Reduce scope 3 GHG emissions by 50% by 2035 from our rebaseline year (expected 2024)

Completed Carbon Reduction Projects The following environmental management measures and projects have been completed or implemented since the 2020 baseline.

Implemented a Waste Management and Sustainable travel policy Reviewed environmentally friendly product options and energy-saving products (annually) Implemented a Sustainble procurement process Monitored and reduced paper usage by 10% on previous years.

Encouraging all staff to continue using public transport Developing sustainable and environmental purchasing company-wide Monitor recycling levels to ensure continuous improvements, providing education to all employees on recycling in the office and at home Ensuring all IT equipment is recycled Actively encouraging all employees to take an active interest in the environmental performance of the company by completing training and running team initiatives such as an Environment Scavenger hunt Having carbon assessed annually by an external supplier, offsetting this to remain carbon neutral Switched to a green energy supplier

Future Carbon Reduction Projects In the future, we hope to implement further measures such as: Improving the accuracy of future carbon footprint assessments Promote and implement our sustainable travel policy Evaluate the effectiveness of using remote meetings and limited travel and redefine what classifies as 'essential' travel going forwards.

When hiring cars choose lower emissions vehicles such as EVs. Assessing airlines when booking flights based on their sustainability credentials Investigate what building owners' plans and targets are for moving away from gaspowered heating to more sustainable alternatives such as air-source heat pumps, electric immersion, solar thermal or hydrogen.

Declaration and Sign Off This Carbon Reduction Plan 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.

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.

This Carbon Reduction Plan has been reviewed and signed off by the board of directors (or equivalent management body).

Signed on behalf of the Supplier:

John Lawson - Chief Financial Officer Date: 12th Febraury 2025