Commitment to achieving Net Zero
Genedrive Diagnostics Ltd is committed to achieving Net Zero emissions by 2050.
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.
| Baseline Year: 2023 | |||||||||||||||||||||||||||||||||
| Additional Details relating to the Baseline Emissions calculations. | |||||||||||||||||||||||||||||||||
| Note: 2023 emissions data will be used as a baseline. This data has been gathered retrospectively and going forward new data collection methods have been embedded in Genedrive’s processes.
1. Scope 1 and 2 emissions are based on the occupancy based billing structure of the site landlord. 2. Scope 3, Category 4 – upstream Transportation and Distribution – estimated based on the number of deliveries from suppliers 3. Scope 3, Category 5 – Waste generated in Operations – based on the occupancy based billing structure of the site landlord. |
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| Baseline year emissions: 2023 | |||||||||||||||||||||||||||||||||
| EMISSIONS | TOTAL (tCO2e) | ||||||||||||||||||||||||||||||||
| Scope 1 | 78.3 tCO2e | ||||||||||||||||||||||||||||||||
| Scope 2 | 47.8 tCO2e | ||||||||||||||||||||||||||||||||
| Scope 3
(Included Sources) |
Category 4: Upstream Transportation and Distribution – 22.4 tCO2e
Category 5: Waste Generated in Operations – 0.06 tCO2e Category 6: Business Travel (UK) – 7.4 tCO2e Category 7: Employee Commuting – 27.7 tCO2e Category 9: Downstream Transportation and Distribution 5.2 tCO2e |
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| Total Emissions | 188.8 tCO2e
Current Emissions Reporting
Emissions reduction targets In order to progress to achieving Net Zero, we have adopted the following carbon reduction targets. We project that carbon emissions will decrease over the next five years to 138.4 tCO2e by 2028. This is a reduction of ~27%.
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| Type | Title | Objective | Target |
|---|---|---|---|
| Scope 1 | Energy use – Gas | Reduce energy use | Engage with landlord and agree involvement of GDL in contributing to site energy reduction projects |
| Scope 2 | Energy use – Electricity | Reduce electricity use |
|
| Scope 3 | Scope 3 categories | Determination of applicability of scope 3 categories | Determine whether the remaining scope 3 categories are applicable to the GDL business with a view to determining measurement and reduction target setting in 2025:
Upstream scope 3 emissions: Category 1- Purchased goods and services Category 2 – Capital goods Category 3 – Fuel and energy-related activities (not included in scope 1 and 2) Category 8 – Upstream leased assets Downstream scope 3: emissions Category 10 – Processing of sold products Category 11 – Use of sold products Category 12 – End of life treatment of sold products Category 13 – Downstream leased assets Category 14 – Franchises Category 15 – Investments |
| Scope 3 – Category 6 | Business Travel | Issue Sustainable travel policy | Create and implement Sustainable travel policy for the organisation |
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[1] and uses the appropriate Government emission conversion factors for greenhouse gas company reporting[2]*
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[3]*
This Carbon Reduction Plan has been reviewed and signed off by the Board of Directors.
[1]https://ghgprotocol.org/corporate-standard
[2]https://www.gov.uk/government/collections/government-conversion-factors-for-company-reporting
[3]https://ghgprotocol.org/standards/scope-3-standard
