Commitment to achieving Net Zero

Connex One Limited is committed to maintaining Net Zero scope 1 emissions and to achieving Net Zero scope 2 and scope 3 emissions by 2050 from a 2022 baseline year.

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.

Using the operational control consolidation approach was determined as the best method

for Connex One Limited, due to the standard business structure and business practices,

with the worldwide group being included within the audit. The following scope of data was

collected.

Emissions reduction targets

In order to achieve a 50% reduction in emissions by 2030, Connex One Limited is required

to reduce its emissions by 376.25 tCO2e over the next 7 years.

This will require a reduction of 7.14% (53.72 tCO2e) per year from the ‘Baseline’ (first year)

assessment of the organisation. A further reduction of 2.5% (18.81 tCO2e) each year is

then required in order to achieve Net Zero.

Should significant changes to the business size and structure occur in the future we will amend the ‘baseline’ assessment year, as well as look at intensity values

(tCO2e per million turnover, FTE or other metric), to further track and implement reduction

strategies.

Progress against these targets can be seen in the graph below:

Carbon Reduction Projects

Completed Carbon Reduction Initiatives

In the future we hope to implement environmental management measures and projects such as:

• Increased focus on circular economy
• Educate and engage our stakeholders to share best practice
• Explore energy consumption reduction projects and green renewable energy
• Improved reporting of scope 3 data across all relevant categories
• Reduce business travel through increased uptake of video conferencing and online collaboration tools
• Implement an employee travel scheme with incentives to use public transport, car share or cycle to work
• Review opportunities for improved efficiency in business travel undertaken
• Engage with 3^rd parties to explore carbon-offsetting projects

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 (or equivalent management body).

[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