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Green Circle Salons's Climate Report

Submitted on 2024-09-27

Introduction *

1.1 Reporting year*

2023

1.1.1 Reporting period*

from 1.2023 to 12.2023

1.2 Describe your business activities*

We are a beauty waste diversion business. We work wit hair salons, spas and Beaty brands to recycle previously unrecoverable material streams such as hair clippings, excess hair color, aluminum foils and tubes, and aerosol cans.

1.4 Number of employees in the reporting year*

50

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*

2030

2.1.1 Base year*

2021

2.2 Near-term target*

10% of absolute scope 1 emission reduction from my base year by 2024

10% of absolute scope 2 emission reduction from my base year by 2024

35% of absolute scope 3 emission reduction from my base year by 2025

2.3 Provide any additional comments or context on your net zero and near term targets.*

-

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*

141059 kwh

3.3 Renewable energy*

48650 kwh

Scope 1 emissions

3.4 Scope 1 emissions*

67.15 metric tons CO2e

Scope 2 emissions

3.5 Location based scope 2 emissions*

42.74 metric tons CO2e

3.6 Market based scope 2 emissions*

-

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

We are planning to join a community solar program in order to obtain renewable energy for our Illinois warehouse. We also intend to take advantage of the energy audit provided by our utility company.

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

We collect monthly energy bills from each provider and then follow the GHG protocol to compute annual emissions.

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*

370.36 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

-

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

No

4.2.1 What percentage of your suppliers have you asked?*

-

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 follow the GHG Protocol to measure scope 3 emissions. We use the spend-based method to calculate scope 3.1 and scope 3.2. For scope 3.4 and scope 3.9, we calculate the total tonne-kilometers of all shipments. We use an estimate, based on a waste audit to calculate scope 3.5. We survey the company annually to capture data on business travel, work-from-home, and commuting habits.

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?*

-

5.3 Provide descriptions/names of your climate solutions:*

-

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

-

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.*

6.1 Explain*

-

6.1.1 Please describe their position and responsibility.*

-

6.1.2 Is this person (or another at executive and board level) also responsible for climate risk?*

-

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

-

6.2.1 Where are the climate risks you've identified?*

-

6.2.1 Explain*

-

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

6.2.2 Explain*

-

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

-

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

-

-

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

-

-

Results, Challenges and Outlook *

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

While we have reduced our Scope 1 emissions, our Scope 2 emissions were higher in 2023 than in 2022 due to the move to a larger warehouse. We are working to find a renewable energy solution for this facility. Overall, our total Scope 1-3 emissions have increased by 7% between 2022 to 2023 due to business growth and increased accuracy of our measurements. It is our hope that the decarbonization strategies that we have identified will begin to result in a downward trajectory of our annual emissions.

7.2 Do you face any key challenges in reducing emissions?*

Reducing scope 3 emissions, Limited control over energy use in buildings, Reducing emissions from business travel, Balancing emission reductions with business growth, Complexities in managing supply chain emissions, Limited influence over suppliers

Specify other challenges*

-

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

Yes

Our consultant, GreenStep Solutions, has reviewed our findings.

Green Circle Salons's Climate Report

Green Circle Salons's Climate Report - 2023

Introduction *

1.1 Reporting year*

2023

1.1.1 Reporting period*

from 1.2023 to 12.2023

1.2 Describe your business activities*

We are a beauty waste diversion business. We work wit hair salons, spas and Beaty brands to recycle previously unrecoverable material streams such as hair clippings, excess hair color, aluminum foils and tubes, and aerosol cans.

1.4 Number of employees in the reporting year*

50

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*

2030

2.1.1 Base year*

2021

2.2 Near-term target*

10% of absolute scope 1 emission reduction from my base year by 2024

10% of absolute scope 2 emission reduction from my base year by 2024

35% of absolute scope 3 emission reduction from my base year by 2025

2.3 Provide any additional comments or context on your net zero and near term targets.*

-

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*

141059 kwh

3.3 Renewable energy*

48650 kwh

Scope 1 emissions

3.4 Scope 1 emissions*

67.15 metric tons CO2e

Scope 2 emissions

3.5 Location based scope 2 emissions*

42.74 metric tons CO2e

3.6 Market based scope 2 emissions*

-

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

We are planning to join a community solar program in order to obtain renewable energy for our Illinois warehouse. We also intend to take advantage of the energy audit provided by our utility company.

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

We collect monthly energy bills from each provider and then follow the GHG protocol to compute annual emissions.

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*

370.36 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

-

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

No

4.2.1 What percentage of your suppliers have you asked?*

-

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 follow the GHG Protocol to measure scope 3 emissions. We use the spend-based method to calculate scope 3.1 and scope 3.2. For scope 3.4 and scope 3.9, we calculate the total tonne-kilometers of all shipments. We use an estimate, based on a waste audit to calculate scope 3.5. We survey the company annually to capture data on business travel, work-from-home, and commuting habits.

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?*

-

5.3 Provide descriptions/names of your climate solutions:*

-

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

-

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.*

6.1 Explain*

-

6.1.1 Please describe their position and responsibility.*

-

6.1.2 Is this person (or another at executive and board level) also responsible for climate risk?*

-

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

-

6.2.1 Where are the climate risks you've identified?*

-

6.2.1 Explain*

-

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

6.2.2 Explain*

-

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

-

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

-

-

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

-

-

Results, Challenges and Outlook *

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

While we have reduced our Scope 1 emissions, our Scope 2 emissions were higher in 2023 than in 2022 due to the move to a larger warehouse. We are working to find a renewable energy solution for this facility. Overall, our total Scope 1-3 emissions have increased by 7% between 2022 to 2023 due to business growth and increased accuracy of our measurements. It is our hope that the decarbonization strategies that we have identified will begin to result in a downward trajectory of our annual emissions.

7.2 Do you face any key challenges in reducing emissions?*

Reducing scope 3 emissions, Limited control over energy use in buildings, Reducing emissions from business travel, Balancing emission reductions with business growth, Complexities in managing supply chain emissions, Limited influence over suppliers

Specify other challenges*

-

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

Yes

Our consultant, GreenStep Solutions, has reviewed our findings.

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