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MDY Legal's Climate Report
Submitted on 2025-01-23
The SME Reporting Tool
Introduction *
Commitment and Targets *
Own Emissions *
Value Chain Emissions *
(optional)
Climate Solutions *
(optional)
Management, Strategy and Climate Risk *
(optional)
Results, Challenges and Outlook *
Version 3.0
Introduction *
1.1 Reporting year
*2023
1.1.1 Reporting period
*from 4.2023 to 3.2024
1.2 Describe your business activities
*Law firm
1.4 Number of employees in the reporting year
*3
1.4.1 Full-time equivalent (FTE) or headcounts
*Headcounts
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
*2030
2.1.1 Base year
*2023
2.2 Near-term target
*50% of absolute total emission reduction from my base year by 2028
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
*0 kwh
3.3 Renewable energy
*0 kwh
Scope 1 emissions
3.4 Scope 1 emissions
*0 metric tons CO2e
Scope 2 emissions
3.5 Location based scope 2 emissions
*0 metric tons CO2e
3.6 Market based scope 2 emissions
*0 metric tons CO2e
3.7 Describe your plans and actions taken to reduce scope 1 & 2 emissions.
*N/A - we are a micro, virtual organisation without an premises or vehicles.
3.8 Describe the calculation methodology and comment on the data accuracy, including any tools/methods used to calculate.
*N/A
Value Chain Emissions (optional) *
Scope 3 emissions
4.1 Have you measured any of your scope 3 emissions?
*Yes
4.1.1 Total scope 3 emissions
*78.4 metric tons CO2e
Supply chain related - upstream emissions
Customer related - downstream emissions
4.1.17 Do you have a plan and are taking action to reduce emissions from your value chain?
*Yes
It is very difficult to reduce emissions in our value chain given our size and lack of leverage - we are very much dependent on others in our value chain doing the right thing. But we remain committed!
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?
*Yes
4.4 Describe the calculation methodology and comment on the data accuracy and any tools used to calculate your scope 3 emissions.
*We use Normative and will move the SME Climate Hub's new SME calculator for our next report. However, we do feel there are some gaps, for example we all work from home and those emissions are not included.
Climate Solutions (optional) *
5.1 Do you classify any of your existing goods and/or services as a climate solution?
*Yes
5.2 What percentage of your total revenue comes from sales of climate solutions?
*0 %
5.3 Provide descriptions/names of your climate solutions:
*We are co-developing a climate liability risk management tool for financial institutions.
5.4 Methodology used to assess these as climate solutions, and third party which has validated the assessment, if any:
*N/A
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.
*Person is responsible for climate strategy at board level
6.1.1 Please describe their position and responsibility.
*Partner
6.1.2 Is this person (or another at executive and board level) also responsible for climate risk?
*Yes
6.2 Have you started to identify and assess your companies climate risks and opportunities?
*Yes - we have identified both climate risks and opportunities
6.2.1 Where are the climate risks you've identified?
*Value Chain
6.2.2 How are you managing these climate risks? Choose as many as are applicable.
*We\'ve not started managing climate risks yet
6.3 Have you integrated climate and/or nature into your company mission statement or shareholder agreements? If yes, describe how.
*Yes
-
6.4 Have you taken actions this year outside of your emissions to accelerate climate progress?
*Yes
We actively help clients prioritise climate change in their legal agreements and in their governance structures.
Results, Challenges and Outlook *
7.1 Provide any additional comments or context on your annual results and progress from previous years.
*N/A
7.2 Do you face any key challenges in reducing emissions?
*Reducing scope 3 emissions,Balancing emission reductions with business growth,Complexities in managing supply chain emissions,Slow societal and economic progress on climate action,Insufficient policies or government incentives,Insufficient funding,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
-
MDY Legal's Climate Report
MDY Legal's Climate Report - 2023
Introduction *
1.1 Reporting year
*2023
1.1.1 Reporting period
*from 4.2023 to 3.2024
1.2 Describe your business activities
*Law firm
1.4 Number of employees in the reporting year
*3
1.4.1 Full-time equivalent (FTE) or headcounts
*Headcounts
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
*2030
2.1.1 Base year
*2023
2.2 Near-term target
*50% of absolute total emission reduction from my base year by 2028
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
*0 kwh
3.3 Renewable energy
*0 kwh
Scope 1 emissions
3.4 Scope 1 emissions
*0 metric tons CO2e
Scope 2 emissions
3.5 Location based scope 2 emissions
*0 metric tons CO2e
3.6 Market based scope 2 emissions
*0 metric tons CO2e
3.7 Describe your plans and actions taken to reduce scope 1 & 2 emissions.
*N/A - we are a micro, virtual organisation without an premises or vehicles.
3.8 Describe the calculation methodology and comment on the data accuracy, including any tools/methods used to calculate.
*N/A
Value Chain Emissions (optional) *
Scope 3 emissions
4.1 Have you measured any of your scope 3 emissions?
*Yes
4.1.1 Total scope 3 emissions
*78.4 metric tons CO2e
Supply chain related - upstream emissions
Customer related - downstream emissions
4.1.17 Do you have a plan and are taking action to reduce emissions from your value chain?
*Yes
It is very difficult to reduce emissions in our value chain given our size and lack of leverage - we are very much dependent on others in our value chain doing the right thing. But we remain committed!
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?
*Yes
4.4 Describe the calculation methodology and comment on the data accuracy and any tools used to calculate your scope 3 emissions.
*We use Normative and will move the SME Climate Hub's new SME calculator for our next report. However, we do feel there are some gaps, for example we all work from home and those emissions are not included.
Climate Solutions (optional) *
5.1 Do you classify any of your existing goods and/or services as a climate solution?
*Yes
5.2 What percentage of your total revenue comes from sales of climate solutions?
*0 %
5.3 Provide descriptions/names of your climate solutions:
*We are co-developing a climate liability risk management tool for financial institutions.
5.4 Methodology used to assess these as climate solutions, and third party which has validated the assessment, if any:
*N/A
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.
*Person is responsible for climate strategy at board level
6.1.1 Please describe their position and responsibility.
*Partner
6.1.2 Is this person (or another at executive and board level) also responsible for climate risk?
*Yes
6.2 Have you started to identify and assess your companies climate risks and opportunities?
*Yes - we have identified both climate risks and opportunities
6.2.1 Where are the climate risks you've identified?
*Value Chain
6.2.2 How are you managing these climate risks? Choose as many as are applicable.
*We\'ve not started managing climate risks yet
6.3 Have you integrated climate and/or nature into your company mission statement or shareholder agreements? If yes, describe how.
*Yes
-
6.4 Have you taken actions this year outside of your emissions to accelerate climate progress?
*Yes
We actively help clients prioritise climate change in their legal agreements and in their governance structures.
Results, Challenges and Outlook *
7.1 Provide any additional comments or context on your annual results and progress from previous years.
*N/A
7.2 Do you face any key challenges in reducing emissions?
*Reducing scope 3 emissions,Balancing emission reductions with business growth,Complexities in managing supply chain emissions,Slow societal and economic progress on climate action,Insufficient policies or government incentives,Insufficient funding,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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Es fácil comprometerse. Solo tienes que completar un formulario compartiendo tu intención de reducir tus emisiones.
Ganarás reconocimiento público por tomar este primer paso.
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سوف تحظى باعتراف عام باتخاذك الخطوة الأولى.
Prêt à vous engager pour réduire les émissions ?
S’engager est simple. Il suffit de remplir un formulaire indiquant votre intention de réduire vos émissions.
Vous gagnerez une reconnaissance publique pour avoir fait le premier pas.
Redo att åta sig att minska utsläppen?
Det är enkelt att göra åtagandet. Fyll bara i ett formulär där du delar med dig av din avsikt att minska dina utsläpp.
Du kommer att få offentligt erkännande för att du tagit det första steget.
Pronto para se comprometer com a redução das emissões?
É fácil assumir esse compromisso. Basta preencher um formulário informando sua intenção de reduzir suas emissões.
Você receberá reconhecimento público por dar o primeiro passo.
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