Opus Magnum Ltd's Climate Report

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Introduction *

Commitment and Targets *

Own Emissions *

Value Chain Emissions *

(optional)

Climate Solutions *

(optional)

Management, Strategy and Climate Risk *

(optional)

Results, Challenges and Outlook *

Version 1.1.0

Introduction *

1.1 Reporting year

*

2024

1.1.1 Reporting period

*

from 1.2024 to 12.2024

1.2 Describe your business activities

*
Furniture Manufacture

1.4 Number of employees in the reporting year

*
34

1.4.1 Full-time equivalent (FTE) or headcounts

*
Full-time equivalent

1.5 Let us know if your company is a parent company or subsidiary

*
Not applicable

Commitment and Targets *

2.1 Net zero target year

*
2035

2.1.1 Base year

*
2024

2.2 Near-term target

*

25% of absolute scope 1+2 emission reduction from my base year by 2030

Own Emissions *

3.1 To reduce emissions in line with my commitment, my company has a plan and is taking action

*
Yes

Energy consumption

3.2 Total energy consumption

*
295816 kwh

3.3 Renewable energy

*
197461 kwh

Scope 1 emissions

3.4 Scope 1 emissions

*
9045 metric tons CO2e

Scope 2 emissions

3.5 Location based scope 2 emissions

*
27924 metric tons CO2e

3.7 Describe your plans and actions taken to reduce scope 1 & 2 emissions.

*
Utilise the surplus energy we generate from our solar panels, currently it is just exported back to the grid. Use an energy tariff from EDF energy that uses renewable resources. Use our own generated heat to reduce our gas usage.

3.8 Describe the calculation methodology and comment on the data accuracy, including any tools/methods used to calculate.

*
We are having our own carbon calculator developed. We are also using the SME Carbon Calculator from the SME Climate Hub - recommended to us by the Carbon Trust.

Value Chain Emissions (optional) *

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?

*
No

Supply chain related - upstream emissions

Customer related - downstream emissions

4.2 Have you asked any of your suppliers to set a net zero target (either voluntarily or as a requirement)?

*
No

4.3 Have you communicated your commitment and actions to any of your customers?

*
No

4.4 Describe the calculation methodology and comment on the data accuracy and any tools used to calculate your scope 3 emissions.

*
We have not looked in to this yet

Climate Solutions (optional) *

5.1 Do you classify any of your existing goods and/or services as a climate solution?

*
No

Management, Strategy and Climate Risk (optional) *

6.1 What governance processes do you have in place for your climate strategy? Choose as many as are applicable.

*

No processes in place

6.2 Have you started to identify and assess your companies climate risks and opportunities?

*
No - we plan to in the next 1-5 years

6.3 Have you integrated climate and/or nature into your company mission statement or shareholder agreements? If yes, describe how.

*

Yes

Sustainability is at the forefront of some of our latest projects. Recrafting™ is what we are trying to move into. Reusing furniture made by us in the past and Recrafting™ it in to new furniture to avoid using new raw materials.

6.4 Have you taken actions this year outside of your emissions to accelerate climate progress?

*

Yes

As Above

Results, Challenges and Outlook *

7.1 Provide any additional comments or context on your annual results and progress from previous years.

*
This is the first year of full results, so we don't have any previous results to compare to.

7.2 Do you face any key challenges in reducing emissions?

*

Reducing scope 3 emissions,Electrifying the vehicle fleet and/or cutting transport emissions,Inaccurate or insufficient data,Limited influence over suppliers

7.3 Has there been any third party validation of the data submitted in this report?

*

No

-

Opus Magnum Ltd's Climate Report

Opus Magnum Ltd's Climate Report - 2024

Introduction *

1.1 Reporting year

*

2024

1.1.1 Reporting period

*

from 1.2024 to 12.2024

1.2 Describe your business activities

*
Furniture Manufacture

1.4 Number of employees in the reporting year

*
34

1.4.1 Full-time equivalent (FTE) or headcounts

*
Full-time equivalent

1.5 Let us know if your company is a parent company or subsidiary

*
Not applicable

Commitment and Targets *

2.1 Net zero target year

*
2035

2.1.1 Base year

*
2024

2.2 Near-term target

*

25% of absolute scope 1+2 emission reduction from my base year by 2030

Own Emissions *

3.1 To reduce emissions in line with my commitment, my company has a plan and is taking action

*
Yes

Energy consumption

3.2 Total energy consumption

*
295816 kwh

3.3 Renewable energy

*
197461 kwh

Scope 1 emissions

3.4 Scope 1 emissions

*
9045 metric tons CO2e

Scope 2 emissions

3.5 Location based scope 2 emissions

*
27924 metric tons CO2e

3.7 Describe your plans and actions taken to reduce scope 1 & 2 emissions.

*
Utilise the surplus energy we generate from our solar panels, currently it is just exported back to the grid. Use an energy tariff from EDF energy that uses renewable resources. Use our own generated heat to reduce our gas usage.

3.8 Describe the calculation methodology and comment on the data accuracy, including any tools/methods used to calculate.

*
We are having our own carbon calculator developed. We are also using the SME Carbon Calculator from the SME Climate Hub - recommended to us by the Carbon Trust.

Value Chain Emissions (optional) *

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?

*
No

Supply chain related - upstream emissions

Customer related - downstream emissions

4.2 Have you asked any of your suppliers to set a net zero target (either voluntarily or as a requirement)?

*
No

4.3 Have you communicated your commitment and actions to any of your customers?

*
No

4.4 Describe the calculation methodology and comment on the data accuracy and any tools used to calculate your scope 3 emissions.

*
We have not looked in to this yet

Climate Solutions (optional) *

5.1 Do you classify any of your existing goods and/or services as a climate solution?

*
No

Management, Strategy and Climate Risk (optional) *

6.1 What governance processes do you have in place for your climate strategy? Choose as many as are applicable.

*

No processes in place

6.2 Have you started to identify and assess your companies climate risks and opportunities?

*
No - we plan to in the next 1-5 years

6.3 Have you integrated climate and/or nature into your company mission statement or shareholder agreements? If yes, describe how.

*

Yes

Sustainability is at the forefront of some of our latest projects. Recrafting™ is what we are trying to move into. Reusing furniture made by us in the past and Recrafting™ it in to new furniture to avoid using new raw materials.

6.4 Have you taken actions this year outside of your emissions to accelerate climate progress?

*

Yes

As Above

Results, Challenges and Outlook *

7.1 Provide any additional comments or context on your annual results and progress from previous years.

*
This is the first year of full results, so we don't have any previous results to compare to.

7.2 Do you face any key challenges in reducing emissions?

*

Reducing scope 3 emissions,Electrifying the vehicle fleet and/or cutting transport emissions,Inaccurate or insufficient data,Limited influence over suppliers

7.3 Has there been any third party validation of the data submitted in this report?

*

No

-
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