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Cogo's Climate Report

Submitted on 2024-08-07

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

*

2024

1.1.1 Reporting period

*

from 4.2023 to 3.2024

1.2 Describe your business activities

*
Provision of climate tools for banks, corporates and SMEs to measure and reduce their emissions.

1.4 Number of employees in the reporting year

*
32

1.4.1 Full-time equivalent (FTE) or headcounts

*
Headcounts

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

*
Parent company

Commitment and Targets *

2.1 Net zero target year

*
2050

2.1.1 Base year

*
2023

2.2 Near-term target

*

50% of intensity total emission reduction from my base year by 2030

90 of intensity total emission reduction from my base year by 2050

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

*
20000 kwh

3.3 Renewable energy

*
17400 kwh

Scope 1 emissions

3.4 Scope 1 emissions

*
2.45 metric tons CO2e

Scope 2 emissions

3.5 Location based scope 2 emissions

*
2.51 metric tons CO2e

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

*
We moved to smaller office.

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

*
We are certified 'Carbon reduce' by Toitū envirocare (NZ-based). Refer for details here: https://www.toitu.co.nz/our-members/members/CoGo-Connecting-Good-Limited

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

*
45.43 metric tons CO2e

Supply chain related - upstream emissions

4.1.2 Purchased goods and services

*
1.91 metric tons CO2e

4.1.6 Waste in operations

*
0.05 metric tons CO2e

4.1.7 Business travel

*
52.6 metric tons CO2e

4.1.8 Employee commuting

*
14.02 metric tons CO2e

Customer related - downstream emissions

4.1.17 Do you have a plan and are taking action to reduce emissions from your value chain?

*

Yes

We review progress of cloud data providers on carbon reduction, and take it into account in decision making. We also choose our data centre locations (virtual) based on criteria that include carbon intensity of electricity per country.

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 are certified 'carbon reduce' by Toitū Envirocare (NZ). Info here: https://www.toitu.co.nz/our-members/members/CoGo-Connecting-Good-Limited

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?

*
100 %

5.3 Provide descriptions/names of your climate solutions:

*
Retail Engage: Integrating personal carbon footprinting and actions into bank digital products to enable users to reduce emissions. SME Engage: Integrating carbon footprinting and actions for SMEs with accountancy data, to encourage emissions reduction.

5.4 Methodology used to assess these as climate solutions, and third party which has validated the assessment, if any:

*
Cogo's climate solutions have not been formally validated, however our Personal Carbon Footprinting methodology (which supports Retail Engage) is ISAE3000 Limited Assured.

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.

*
CEO, responsible for Cogo acting ethically and credibly on climate in the market.

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?

*
Both operations and value chains

6.2.2 How are you managing these climate risks? Choose as many as are applicable.

*

We've mapped the impact of our climate risks over time (short, medium and long term horizons),We've assessed these risks against revenue of the company

6.2.3 Provide any additional comments or context on your climate risks:

*
We have outlined our approach here: https://www.cogo.co/our-fine-print

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

*

Yes

We are also a BCorp certified business, so this is in our mission statement.

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

*

Yes

We engage publicly on raising awareness of EEIO emissions data to enable footprinting at scale.

Results, Challenges and Outlook *

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

*
We moved to an intensity emissions target last year, and a new baseline that better reflected our company characteristics (can be hard to assess when in startup phase). We already have a low footprint, as a climate-oriented business, and that is another challenge.

7.2 Do you face any key challenges in reducing emissions?

*

Limited control over energy use in buildings,Reducing emissions from business travel,Balancing emission reductions with business growth

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

*

Yes

We are certified Carbon reduce by Toitu

Cogo's Climate Report

Cogo's Climate Report - 2024

Introduction *

1.1 Reporting year

*

2024

1.1.1 Reporting period

*

from 4.2023 to 3.2024

1.2 Describe your business activities

*
Provision of climate tools for banks, corporates and SMEs to measure and reduce their emissions.

1.4 Number of employees in the reporting year

*
32

1.4.1 Full-time equivalent (FTE) or headcounts

*
Headcounts

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

*
Parent company

Commitment and Targets *

2.1 Net zero target year

*
2050

2.1.1 Base year

*
2023

2.2 Near-term target

*

50% of intensity total emission reduction from my base year by 2030

90 of intensity total emission reduction from my base year by 2050

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

*
20000 kwh

3.3 Renewable energy

*
17400 kwh

Scope 1 emissions

3.4 Scope 1 emissions

*
2.45 metric tons CO2e

Scope 2 emissions

3.5 Location based scope 2 emissions

*
2.51 metric tons CO2e

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

*
We moved to smaller office.

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

*
We are certified 'Carbon reduce' by Toitū envirocare (NZ-based). Refer for details here: https://www.toitu.co.nz/our-members/members/CoGo-Connecting-Good-Limited

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

*
45.43 metric tons CO2e

Supply chain related - upstream emissions

4.1.2 Purchased goods and services

*
1.91 metric tons CO2e

4.1.6 Waste in operations

*
0.05 metric tons CO2e

4.1.7 Business travel

*
52.6 metric tons CO2e

4.1.8 Employee commuting

*
14.02 metric tons CO2e

Customer related - downstream emissions

4.1.17 Do you have a plan and are taking action to reduce emissions from your value chain?

*

Yes

We review progress of cloud data providers on carbon reduction, and take it into account in decision making. We also choose our data centre locations (virtual) based on criteria that include carbon intensity of electricity per country.

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 are certified 'carbon reduce' by Toitū Envirocare (NZ). Info here: https://www.toitu.co.nz/our-members/members/CoGo-Connecting-Good-Limited

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?

*
100 %

5.3 Provide descriptions/names of your climate solutions:

*
Retail Engage: Integrating personal carbon footprinting and actions into bank digital products to enable users to reduce emissions. SME Engage: Integrating carbon footprinting and actions for SMEs with accountancy data, to encourage emissions reduction.

5.4 Methodology used to assess these as climate solutions, and third party which has validated the assessment, if any:

*
Cogo's climate solutions have not been formally validated, however our Personal Carbon Footprinting methodology (which supports Retail Engage) is ISAE3000 Limited Assured.

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.

*
CEO, responsible for Cogo acting ethically and credibly on climate in the market.

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?

*
Both operations and value chains

6.2.2 How are you managing these climate risks? Choose as many as are applicable.

*

We've mapped the impact of our climate risks over time (short, medium and long term horizons),We've assessed these risks against revenue of the company

6.2.3 Provide any additional comments or context on your climate risks:

*
We have outlined our approach here: https://www.cogo.co/our-fine-print

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

*

Yes

We are also a BCorp certified business, so this is in our mission statement.

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

*

Yes

We engage publicly on raising awareness of EEIO emissions data to enable footprinting at scale.

Results, Challenges and Outlook *

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

*
We moved to an intensity emissions target last year, and a new baseline that better reflected our company characteristics (can be hard to assess when in startup phase). We already have a low footprint, as a climate-oriented business, and that is another challenge.

7.2 Do you face any key challenges in reducing emissions?

*

Limited control over energy use in buildings,Reducing emissions from business travel,Balancing emission reductions with business growth

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

*

Yes

We are certified Carbon reduce by Toitu
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