| Supplier Name: | Cinos Limited |
| Publication Date: | 1st March 2024 |
Commitment to Achieving Net Zero
Cinos Limited is committed to achieving Net Zero emissions by 2047.
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: 2022 | |
|---|---|
| Additional Details relating to the Baseline Emissions calculations. | |
| The baseline emissions are based on data from calendar year December 2021 – December 2022. The baseline calculation includes Scope 1, Scope 2, and Scope 3.
We will track and measure our carbon footprint and deliver on our Carbon Reduction Plan, with the intention of achieving Net Zero emissions by 2047 in line with PPN 06/21. |
| Baseline year emissions: | |
|---|---|
| Emissions | Total (tCO2e) |
| Scope 1 | 136 |
| Scope 2 | 31.7 |
| Scope 3 (included sources) |
2,507.23
Purchased Goods and Services: 995 Waste Generated in Operations: 5.329 Business Travel: 25.7 Employee Commuting: 41.2 Upstream Transportation and Distribution and Downstream Transportation and Distribution – Freight: 1,440 |
| Total Emissions | 2,674.93 |
Current Emissions Reporting
| Reporting Year: 2023 | |
|---|---|
| Emissions | Total (tCO2e) |
| Scope 1 | 349 |
| Scope 2 | 26.5 |
| Scope 3 (included sources) |
2,865.36
Purchased Goods and Services: 995 Waste Generated in Operations: 0.459 Business Travel: 107 Employee Commuting: 82.9 Upstream Transportation and Distribution and Downstream Transportation and Distribution – Freight: 1,680 |
| Total Emissions | 3,240.86 |
Emissions Reduction Targets
2023 is the second year that Cinos have measured our carbon emissions and produced a Carbon Reduction Plan. During this year Cinos and our supply chain have refined carbon data collection, thus increasing the level of carbon data available. As such, whilst it appears that carbon emissions in Scope 1 and Scope 3 have increased, the change represents an increase in the accuracy of carbon reporting within both Cinos and our supply chain and not necessarily an increase in our carbon output.
In addition, in 2022 (our baseline year) the volume of travel within the business was still somewhat impacted by the COVID-19 pandemic. In 2023 we have seen a return to pre-COVID levels of Business Travel and Employee Commuting which will have contributed to the increase in travel and in turn, carbon emissions, resetting the volume of travel to a more representative figure for our business going forward.
In 2024 we will be engaging a partner to support us with carbon accounting to enable us with a new reporting methodology and a more rigorous carbon accounting process, set to present us with a more accurate view of our real baseline emissions. In addition, we also anticipate improvements in carbon reporting from our supply chain (For example, we anticipate Scope 3 emissions for freight to become more accurate in the coming year due to actions being taken by our distribution partners to more accurately record and report on carbon emissions through their operations including freight). With this in mind, we anticipate the data to be further refined enough so, that it will be appropriate for us to re-baseline our carbon output in line with ISO14001 and GHG Protocols next year.
With the changes in place, we believe that we can reach Net Zero carbon in line with our previous targets once we have consistent data sources and reporting on carbon emissions in our business and supply chain.
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 2,110 tCO2e by 2027. This is a reduction of 21%.
Longer term, we aim to make the following carbon reductions to be able to meet Net Zero by 2047:
Carbon reduction targets are shown in the graph below:
Carbon Reduction Projects
To reduce Carbon Emissions in the next 5 years, Cinos plan to undertake the following activities:
In future we hope to implement further measures such as:
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).
