Carbon Reduction Policy 2025

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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.

Scope 3

Hotels Stays

Rail travel

Taxi Travel

Employee-owned car travel (grey fleet

Hire Cars

Homeworking

Scope 3 Total

Total Emissions (location based)

Tonnes of CO2e per employee

Tonnes of CO2e per £M Turnover

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:

Date: 12th Febraury 2025

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