Carbon Footprint Measurement and Reduction Plan Strategy
Project Start Date: 08/10/2024
Project Target Completion Date: 21/01/2025
Supplier: Maidaid
Maidaid is committed to measuring and reducing its carbon emissions, with a view to achieve Net Zero by 2048 at the latest.
We have partnered with Positive Planet to measure our full scope 1, full scope 2, full upstream scope 3, and partial downstream scope 3 emissions, with the view of creating a Carbon Reduction Plan for the years ahead in a two-phase project.
1. Carbon Emissions Measurement for the Most Recent Financial Period
Data Collection: We will begin by collecting data on our carbon emissions for the most recent financial period and submitting this to Positive Planet for data verification. This data will include information on energy consumption, transportation, waste generation, and other relevant factors.
Carbon Footprint Calculation: Positive Planet will use data to measure all scope 1 and 2 emissions, plus emissions in the following scope 3 categories: purchased goods and services, capital goods, fuel and energy related activities, business travel, commuting, waste generated in operations, upstream transportation and distribution, upstream leased assets, downstream leased assets, downstream transportation and distribution, franchises, investments.
2. Development of a Carbon Reduction Plan for the Year Ahead
Setting Reduction Targets: Based on our baseline measurement, we will set specific and measurable carbon reduction targets for the upcoming year and to 2030. These targets shall be ambitious yet realistic, considering our operational needs and environmental goals.
Identifying Key Strategies: We will identify key strategies and initiatives to achieve our reduction targets. This may include adopting energy-efficient technologies, optimising supply chains, encouraging sustainable transportation options, and promoting responsible employee practices.
Resource Allocation: To implement our carbon reduction plan effectively, we will allocate the necessary resources, both financial and human, to support the initiatives and strategies outlined.
Monitoring and Reporting: Regular monitoring and reporting will be crucial to track our progress toward achieving the reduction targets. We will establish a reporting mechanism that ensures transparency and accountability.
Continuous Improvement: We will maintain a commitment to continuous improvement by regularly reviewing and updating our carbon reduction plan as needed, considering new technologies, industry best practices, and evolving sustainability goals.
The first step is to measure our emissions, this will be complete by 24th December 2024. Our Carbon Reduction Plan is on track to be completed by 21st January 2025.
We further believe the completion of this project will give us valuable insight into our current carbon footprint and the reduction strategies required to reduce emissions.