Parc Global Carbon Reduction Plan

Commitment to Achieving Net Zero

Parc Global are committed to achieving Net Zero emissions by 2040.

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: Financial year 2022 (6 April 2022 to 5 April 2023)

Additional details relating to the Baseline Emissions calculations

Parc Global have not previously calculated or reported emissions. Because of this, our current emissions reporting will become our Baseline Year. Advice on data and measurements/calculations have been taken from the GHG Protocol website. Our carbon emissions are calculated in line with the GHG Protocol using the following conversion factors:

EMISSION SCOPE	TOTAL (tCO2e)
SCOPE 1	39.2
SCOPE 2	3.1
SCOPE 3 (INCLUDE SOURCES)	Upstream transportation and distribution – 6.02
	Waste generated in operations – 0.6
	Business travel – 11
	Employee commuting – 26.2
	Downstream transportation and distribution – 26.1

Emissions reduction targets

In order to continue our progress to achieving Net Zero, we have adopted the following carbon reduction targets. Whilst we are committed to achieving net zero by 2040 we also have steps in place to get there which mean that before our carbon can come down it may increase. This is due to using current assets (e.g. diesel delivery vans) more extensively as we grow the business. The funds created from this business growth will then be used to start working on our carbon reduction projects such as generating our own electricity through solar panels by 2030 and investing in an electric delivery fleet.

Carbon Reduction Projects

Completed Carbon Reduction Initiatives

Having not previously reported emission calculations, we are currently unable to comment on the actual tCO2e reduction figure due to completed Carbon Reduction Initiatives. We have however been working on these as part of our long-standing commitment to carbon reduction, examples included below.

In the future we hope to implement further measures such as:

• Clean energy generation through the use of solar panels
• Electric/Clean energy delivery vans
• Water harvesting for sewage
• Working with suppliers to develop more environmentally friendly products/supply chains such as recycled/biodegradable PPE.
• Become ISO14001 certified by 2025

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:
Max Armstrong – Managing Director

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Published Date: 06/09/2023