Carbon Reduction Plan
UKR General Trading Limited
Publication Date: 10th June 2023
Commitment to achieving Net Zero
UKR General Trading Limited is committed to achieving Net Zero emissions by the end of Financial Year 2025.
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 2023 – 2024 (31/05/23 to 31/05/24)
Additional Details relating to the Baseline Emissions calculations.
As a consequence of UKR General Trading Limited being a recently formed entity, we are in the process of collecting our baseline emission figures for our first year in operation. To ensure we have the ability to meet our ambitious targets of being carbon negative in the calendar year 2024 and net zero in financial year 2025 (FY2025), we have estimated our current emission levels and will update once finalised.
In relation to estimating our full scope 3 emission data, we haven’t had the ability to estimate across all categories, due to requiring a period of time to be able to calculate estimated figures. However, we are in the process of developing the data capture and reporting methodologies required for us to report these emissions. All relevant scope 3 emissions will be included in the baseline once finalised and included in every annual review thereafter.
Scope 3 categories currently included in our estimated baseline emissions calculations are:
Category 4: Upstream transportation and distribution
Category 5: Waste generated in operations
Category 6: Business travel
Category 7: Employee commuting
Category 8: Downstream transportation and distribution
Baseline year emissions:
EMISSIONS: TOTAL (tCO2e):
Scope 1 (Primary Office Emissions) 68.3
Scope 2 (Company owned/leased vehicles) 187.6
Scope 3 (Included Sources)
Category 4: Upstream transportation and distribution
Category 5: Waste generated in operations
Category 6: Business travel
Category 7: Employee commuting
Category 8: Downstream transportation & distribution 683.8
Total Emissions: 939.7
Current Emissions Reporting
Reporting Year: Financial year 2023 – 2024 (31/05/23 to 31/05/24)
EMISSIONS: TOTAL (tCO2e):
Scope 1 (Primary Office Emissions) 68.3
Scope 2 (Company owned/leased vehicles) 187.6
Scope 3 (Included Sources)
Category 4: Upstream transportation and distribution
Category 5: Waste generated in operations
Category 6: Business travel
Category 7: Employee commuting
Category 8: Downstream transportation & distribution 683.8
Total Emissions: 939.7
Emissions Reduction Targets
In order to continue our progress to achieving Net Zero, we have adopted the following carbon reduction targets. UKR General Trading Limited has set a global carbon ambition to be carbon negative in calendar year 2024 and net zero in financial year 2025 (FY2025) with science-based targets set at a global level. We are currently gathering data on all relevant scope 3 emissions to ensure that we have a robust baseline upon which to build our reduction targets. It is expected that emissions may initially increase when the baseline is reset, we commit to updating our baseline position when all scope 3 categories have been defined.
Progress against these targets can be seen in the graph below:
Carbon Reduction Projects
Completed Carbon Reduction Initiatives
UKR General Trading Limited has set a global carbon ambition to be carbon negative in calendar year 2024 and net zero in financial year 2025 (FY2025) with science-based targets set at a global level.
We will update this Carbon Reduction Plan in line with this when published.
To give an indication of direction of travel, UKR will achieve its newly announced carbon negative and net zero targets by: 2025
1. Reducing business travel emissions against an industrial standard and achieve net zero in FY2025
2. Reducing office electricity usage and procuring 100% renewable energy for our remaining needs
3. Structuring electricity supply contracts, through virtual power purchase agreements, to introduce more electricity than UKR consumes into national grids
4. Providing UKR teams with tools that enable them to calculate, then work to reduce the carbon emitted when carrying out client work
5. Using nature-based solutions and carbon-reduction technologies to remove, or offset, more carbon than we emit from the atmosphere each year
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:
………………………………………………………………….
Dr Yasmin Mattu BDS (Lond) MPharm (Hons)
Date: 10 June 2023
