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Torchbox's Climate Report

Submitted on 2023-09-27

Introduction *

reporting year

*

2022

number of employees in the reporting year

*

106

Commitment And Targets *

net zero target year

*

2050

Base year

*

2023

comment on your net zero targets

*

We hope to bring this forward as our reduction strategies become more developed. Our intention is to set our baseline year as next year so that we can have more confidence in the picture of our Scope 3 emissions. Additionally, we have had almost 50% growth in headcount this year and we think this will now stabilise.

near-term scope 1 target

*

100

target year

*

2025

near-term scope 2 target

*

100

target year

*

2025

near-term scope 3 target

*

45

target year

*

2030

comment on your near-term targets

*

Our overall near-term target is 50% by 2030, which we hope to bring forward as we develop a clearer year-by-year reduction strategy and start to understand how quickly this can be achieved alongside any business growth.

Own emissions *

scope 1 emissions

scope 1 emissions (metric tons co2e)

*

9.52

own facilities

*

9.52

metric tons CO2e

own vehicles

*

N/A

own processes

*

N/A

scope 2 emissions

scope 2 emissions (metric tons co2e)

*

7.65

total energy consumption (kwh)

*

7.65

renewable energy

*

31

purchased electricity

*

7.65

metric tons CO2e

Renewable electricity (%)

31

purchased steam

*

N/A

Renewable electricity (%)

-

purchased heating

*

N/A

Renewable electricity (%)

-

purchased cooling

*

N/A

Renewable electricity (%)

-

Value chain emissions (optional)

scope 3 emissions

scope 3 emissions (metric tons co2e)

*

214.96

supply chain related - upstream emissions

purchased goods and services

*

152.46

metric tons CO2e

capital goods

*

4.92

metric tons CO2e

fuel and energy related activities

*

1.3

metric tons CO2e

transportation and distribution (upstream)

*

Not measured

waste in operations

*

0.02

metric tons CO2e

business travel

*

6.89

metric tons CO2e

employee commuting

*

29.56

metric tons CO2e

leased assets (upstream)

*

N/A

customer related - downstream emissions

transportation and distribution (downstream)

*

N/A

processing of sold products

*

N/A

use of sold products

*

N/A

end-of-life treatment of products

*

N/A

leased assets (downstream)

*

N/A

franchises

*

N/A

investments

*

N/A

List any sources of emissions excluded:

*

Upstream Transportation and Distribution: Emissions from the delivery of goods to the business have been excluded due to prohibitive data collection costs. It is expected that emissions from these sources would be ≤10% of scope 3 emissions.

describe the calculation methodology and comment on accuracy:

*

Torchbox has followed the GHG Protocol Corporate Standard, used the GHG Protocol Value Chain (Scope 3) Standard. Unlike some other digital agencies we have included our client website hosting emissions as part of our Scope 3.

Actions and plans to reduce emissions *

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

*

-

Scope 1 Actions

own facilities

Yes

We have signed up with SSE to move to 100% biogas in 2024 to replace natural gas as the fuel for the office heating boiler.

own vehicles

N/A

-

own processes

N/A

-

scope 2 actions

purchased electricity

Yes

To move to 100% renewable electricity in our Bristol office (like our Oxfordshire office) at the end of the term of our current contract.

purchased steam

N/A

-

purchased heating

N/A

-

purchased cooling

N/A

-

scope 3 actions

supply chain related (upstream)

purchased good and services

*

Yes

We have already surveyed our suppliers. We will now review what we buy and look for more carbon-efficient suppliers.

capital goods

*

Yes

We will review our purchasing of computers and other peripherals.

fuel and energy related activities

*

N/A

-

transportation and distribution (upstream)

*

N/A

-

waste in operation

*

N/A

-

business travel

*

Yes

We are creating a more stringent business travel policy and putting strong rules around flying to minimise it.

employee commuting

*

Yes

We are going to incetivise commuting via sustainable transport and incentivise car sharing.

upstream leased assets

*

N/A

-

customer related (downstream)

i have asked my suppliers to halve emissions before 2030 and join the un-backed race to zero campaign

*

No

i have communicated my commitment and actions to my business customers and asked them to join the un race to zero

*

No

Climate Solutions (optional)

How much of your research and development budget is allocated to climate solutions?

*

-21

are you investing in climate and/or nature outside your value chain?

*

Yes

provide details of the project/s you invest in:

*

Yes, we have used a number of compensation programs including Running Tide Kelp Sequestration, Pumped Wood Burial, and Biochar. In addition to these compensation strategies, we continue to grow our grove with Trees for Life.

how are they quality secured?

*

These were purchased via Patch.io. I think some have certification but they are all quite new removal technologies.

which value do they represent (in usd)?

*

$10,000

Management and strategy (optional)

Results, challenges and outlook *

Torchbox's Climate Report

Torchbox's Climate Report - 2022

Introduction *

reporting year

*

2022

number of employees in the reporting year

*

106

Commitment And Targets *

net zero target year

*

2050

Base year

*

2023

comment on your net zero targets

*

We hope to bring this forward as our reduction strategies become more developed. Our intention is to set our baseline year as next year so that we can have more confidence in the picture of our Scope 3 emissions. Additionally, we have had almost 50% growth in headcount this year and we think this will now stabilise.

near-term scope 1 target

*

100

target year

*

2025

near-term scope 2 target

*

100

target year

*

2025

near-term scope 3 target

*

45

target year

*

2030

comment on your near-term targets

*

Our overall near-term target is 50% by 2030, which we hope to bring forward as we develop a clearer year-by-year reduction strategy and start to understand how quickly this can be achieved alongside any business growth.

Own emissions *

scope 1 emissions

scope 1 emissions (metric tons co2e)

*

9.52

own facilities

*

9.52

metric tons CO2e

own vehicles

*

N/A

own processes

*

N/A

scope 2 emissions

scope 2 emissions (metric tons co2e)

*

7.65

total energy consumption (kwh)

*

7.65

renewable energy

*

31

purchased electricity

*

7.65

metric tons CO2e

Renewable electricity (%)

31

purchased steam

*

N/A

Renewable electricity (%)

-

purchased heating

*

N/A

Renewable electricity (%)

-

purchased cooling

*

N/A

Renewable electricity (%)

-

Value chain emissions (optional) *

scope 3 emissions

scope 3 emissions (metric tons co2e)

*

214.96

supply chain related - upstream emissions

purchased goods and services

*

152.46

metric tons CO2e

capital goods

*

4.92

metric tons CO2e

fuel and energy related activities

*

1.3

metric tons CO2e

transportation and distribution (upstream)

*

Not measured

waste in operations

*

0.02

metric tons CO2e

business travel

*

6.89

metric tons CO2e

employee commuting

*

29.56

metric tons CO2e

leased assets (upstream)

*

N/A

customer related - downstream emissions

transportation and distribution (downstream)

*

N/A

processing of sold products

*

N/A

use of sold products

*

N/A

end-of-life treatment of products

*

N/A

leased assets (downstream)

*

N/A

franchises

*

N/A

investments

*

N/A

List any sources of emissions excluded:

*

Upstream Transportation and Distribution: Emissions from the delivery of goods to the business have been excluded due to prohibitive data collection costs. It is expected that emissions from these sources would be ≤10% of scope 3 emissions.

describe the calculation methodology and comment on accuracy:

*

Torchbox has followed the GHG Protocol Corporate Standard, used the GHG Protocol Value Chain (Scope 3) Standard. Unlike some other digital agencies we have included our client website hosting emissions as part of our Scope 3.

Actions and plans to reduce emissions *

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

*

-

Scope 1 Actions

own facilities

Yes

We have signed up with SSE to move to 100% biogas in 2024 to replace natural gas as the fuel for the office heating boiler.

own vehicles

N/A

-

own processes

N/A

-

scope 2 actions

purchased electricity

Yes

To move to 100% renewable electricity in our Bristol office (like our Oxfordshire office) at the end of the term of our current contract.

purchased steam

N/A

-

purchased heating

N/A

-

purchased cooling

N/A

-

scope 3 actions

supply chain related (upstream)

purchased good and services

*

Yes

We have already surveyed our suppliers. We will now review what we buy and look for more carbon-efficient suppliers.

capital goods

*

Yes

We will review our purchasing of computers and other peripherals.

fuel and energy related activities

*

N/A

-

transportation and distribution (upstream)

*

N/A

-

waste in operation

*

N/A

-

business travel

*

Yes

We are creating a more stringent business travel policy and putting strong rules around flying to minimise it.

employee commuting

*

Yes

We are going to incetivise commuting via sustainable transport and incentivise car sharing.

upstream leased assets

*

N/A

-

customer related (downstream)

i have asked my suppliers to halve emissions before 2030 and join the un-backed race to zero campaign

*

No

i have communicated my commitment and actions to my business customers and asked them to join the un race to zero

*

No

Climate Solutions (optional) *

How much of your research and development budget is allocated to climate solutions?

*

-21

are you investing in climate and/or nature outside your value chain?

*

Yes

provide details of the project/s you invest in:

*

Yes, we have used a number of compensation programs including Running Tide Kelp Sequestration, Pumped Wood Burial, and Biochar. In addition to these compensation strategies, we continue to grow our grove with Trees for Life.

how are they quality secured?

*

These were purchased via Patch.io. I think some have certification but they are all quite new removal technologies.

which value do they represent (in usd)?

*

$10,000

Management and strategy (optional) *

Results, challenges and outlook *

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