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IvyGreen Solutions Sdn.Bhd.'s Climate Report
Submitted on 2024-10-28
The SME Reporting Tool
Introduction *
Commitment and Targets *
Own Emissions *
Value Chain Emissions *
(optional)
Results, Challenges and Outlook *
Version 3.0
Introduction *
1.1 Reporting year
*2024
1.1.1 Reporting period
*from 1.2024 to 12.2024
1.2 Describe your business activities
*Founded in July 2023, IvyGreen Solutions (IGS) specializes in ESG and sustainability consulting services. We hold internationally recognized certifications in our field and also provide sustainability-related training.
1.4 Number of employees in the reporting year
*2
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
*2040
2.1.1 Base year
*2024
2.2 Near-term target
*15% of intensity scope 3 emission reduction from my base year by 2024
2.3 Provide any additional comments or context on your net zero and near term targets.
*Net-Zero Commitment:
Based on our GHG emission report, Scope 3 emissions remain the highest contributor to IGS’ carbon footprint, primarily from employee commuting and business travel. To achieve net zero, IGS is systematically addressing Scope 3 emissions, prioritizing reductions per employee and per revenue. By focusing on Scope 3, we aim to address the largest impact areas and progress toward a more sustainable footprint.
Near-Term Targets (2024-2025):
1. Emissions per Employee: To reduce emissions per employee by 10%, we are selecting co-working spaces that demonstrate a strong commitment to green initiatives, including renewable energy use or carbon credit purchases. This approach ensures IGS operates within environments that align with our sustainability values and reduce our reliance on conventional power grids.
2. Emissions per Revenue: We are targeting a 15% reduction in emissions per revenue unit, ensuring that as IGS grows, it does so sustainably. By enhancing remote services and minimizing travel-based activities, we aim to expand responsibly, decoupling emissions from growth and prioritizing sustainable consulting practices.
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.
*Currently, electricity purchase is not applicable as we are a start-up company, operating under a work-from-home model. However, beginning November 1, 2024, we will transition to a dedicated co-working space. This space was chosen in line with IGS’s sustainable procurement guidelines, prioritizing facilities that implement green initiatives in their operations. contributing in reducing our scope 2 emissions.
*Scope 1 emissions are not applicable at this moment as we do not have company vehicles or assets that generate direct emissions.
3.8 Describe the calculation methodology and comment on the data accuracy, including any tools/methods used to calculate.
*Calculation Methodology
The GHG emissions calculation for IGS follows the GHG Protocol framework, ensuring comprehensive coverage of Scope 1, Scope 2, and relevant Scope 3 categories. The calculation approach varies by emission source, with methods tailored to accurately capture the unique characteristics of each category:
1. Spend-Based Method: Used for certain Scope 3 categories where emissions are derived from the economic value of purchased goods and services, aligning spending data with appropriate emission factors (e.g., USEEIO factors) adjusted for inflation.
2. Distance-Based Method: For activities involving travel, this method calculates emissions based on actual distance traveled, fuel type, and vehicle specifications, providing specific emissions data that reflects the true environmental impact of each journey.
3. Homeworking Emissions: Calculated using a combination of activity data (e.g., employee working days, energy requirements for workstations) and grid-specific emission factors. This method follows established guidelines (EcoACT) for homeworking scenarios, ensuring accuracy in emissions from remote work settings.
4. Average Data Method: Used for smaller, indirect sources like office supplies, where the quantity consumed is converted into emission equivalents using industry-standard conversion factors.
Data Accuracy
To ensure data integrity and reliability, IGS implements structured data collection and verification methods:
1. Source Reliability: Data is derived from direct records, such as financial spending reports, travel logs, and HR systems, minimizing estimation and improving precision.
2. Confidence Intervals: Each calculation method incorporates a confidence interval, reflecting minor uncertainties due to variations in data or assumptions. For example, financial data includes a ±15% interval due to inflation adjustments, and commuting data accounts for ±10% variability in homeworking energy use.
3. Standardized Tools and Protocols: IGS utilizes industry-standard tools and methodologies to ensure accuracy and consistency across all emissions calculations. For travel distance, Google Maps is used, while homeworking emissions are calculated following EcoACT guidelines. Emission factors and conversion data are sourced from reliable and authoritative sources, including IPCC, DEFRA, USEPA, and the GHG Protocol. By using these recognized sources, IGS aligns its calculations with globally accepted standards, enhancing both reliability and comparability in its emissions reporting.
4. Internal Review and Consistency Checks: The GHG data undergoes routine internal reviews by a certified GHG manager to ensure accuracy, consistency, and completeness, as per the GHG Protocol principles.
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
*2.5860 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
IGS has a plan to reduce emissions across its value chain, with initiatives targeted by specific Scope 3 categories:
Scope 3 Category 1: Purchased Goods and Services
- Sustainable Procurement: IGS has established a Sustainable Procurement Guideline that integrates environmental, social, and economic considerations into our purchasing decisions for categories 1 and 2.
- Co-Working Space Selection: We have selected co-working spaces that prioritize green initiatives, such as using renewable energy or purchasing carbon offsets, to reduce emissions associated with purchased services. This selection aligns with IGS's sustainable procurement goals and contributes to minimizing our operational footprint.
Scope 3 Category 6: Business Travel
-Travel Optimization: For necessary travel, implementing policies that prioritize low-emission transportation options and reducing travel frequency by consolidating client engagements. This approach minimizes emissions from business travel.
Scope 3 Category 7: Employee Commuting (Homeworking)
- Promotion of Work-From-Home (WFH): We had established WFH policy and encourage WFH practices to reduce commuting-related emissions.
- Public Transport Support: As stated in our employee handbook, IGS provides travel allowance support to employees who choose public transportation for commuting, reinforcing our commitment to sustainable commuting options.
- Remote Service Delivery: We emphasize virtual consultations and remote work options to further lower commuting emissions, supporting sustainable growth while reducing the carbon footprint of employee activities.
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.
*Calculation Methodology
IGS calculates Scope 3 emissions in accordance with the GHG Protocol framework, ensuring coverage of all relevant Scope 3 categories with methods that capture the unique characteristics of each emission source:
1. Spend-Based Method: This method is applied to emissions from purchased goods and services, where emissions are calculated based on the economic value of each purchase. IGS aligns these values with appropriate emission factors, such as USEEIO, which are adjusted for inflation to maintain data relevance.
2. Distance-Based Method: For business travel, emissions are calculated based on actual distance traveled, vehicle type, and fuel source. IGS uses detailed records of travel data, with distances mapped through Google Maps, to provide specific emissions data that accurately reflects the environmental impact of each journey.
3. Homeworking Emissions Calculation: Employee commuting emissions, specifically from homeworking, are calculated using activity data (such as working days and workstation energy requirements) in combination with grid-specific emission factors for Peninsular Malaysia. This approach follows the EcoACT Homeworking Emissions Whitepaper, which is recognized for its accuracy in remote work emissions estimation.
4. Average Data Method: For smaller indirect sources, such as office supplies (e.g., A4 paper consumption), IGS uses an average data method. Quantities are converted into emission equivalents using industry-standard conversion factors to capture emissions from low-emission categories accurately.
Data Accuracy
To ensure reliable Scope 3 data, IGS employs structured data collection and verification practices:
1. Source Reliability: Emission data is based on accurate and direct records, including financial spending reports, travel logs, and HR data, which minimizes estimations and enhances precision across Scope 3 categories.
2. Confidence Intervals: Each calculation method incorporates a confidence interval that reflects minor uncertainties in data. For example, spend-based methods have a ±15% interval due to economic adjustments, while commuting emissions calculations include a ±10% margin to account for energy consumption variability.
3. Standardized Tools and Protocols: IGS uses recognized tools and methodologies, such as Google Maps for travel distance calculations and EcoACT for homeworking emissions. Emission factors are sourced from authoritative bodies like IPCC, DEFRA, USEPA, and the GHG Protocol, ensuring that calculations align with globally accepted standards and enhance data consistency and comparability.
4. Internal Review and Consistency Checks: The GHG data undergoes routine reviews by IGS’s certified GHG manager, ensuring that Scope 3 emissions data is accurate, consistent, and complete. This internal audit process aligns with GHG Protocol principles, further supporting data integrity across the Scope 3 inventory.
Results, Challenges and Outlook *
7.1 Provide any additional comments or context on your annual results and progress from previous years.
*Since 2024 is the base year for IvyGreen Solutions (IGS), there are no previous results or historical data available for comparison. This initial year serves as a foundational benchmark against which future progress and annual emission reductions will be measured. Moving forward, IGS will track and report annual changes, allowing us to assess our progress in meeting sustainability goals and identifying areas for improvement in reducing our overall 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,Electrifying the vehicle fleet and/or cutting transport 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,Low return on investment,Limited influence over suppliers
7.3 Has there been any third party validation of the data submitted in this report?
*No
-
IvyGreen Solutions Sdn.Bhd.'s Climate Report
IvyGreen Solutions Sdn.Bhd.'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
*Founded in July 2023, IvyGreen Solutions (IGS) specializes in ESG and sustainability consulting services. We hold internationally recognized certifications in our field and also provide sustainability-related training.
1.4 Number of employees in the reporting year
*2
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
*2040
2.1.1 Base year
*2024
2.2 Near-term target
*15% of intensity scope 3 emission reduction from my base year by 2024
2.3 Provide any additional comments or context on your net zero and near term targets.
*Net-Zero Commitment:
Based on our GHG emission report, Scope 3 emissions remain the highest contributor to IGS’ carbon footprint, primarily from employee commuting and business travel. To achieve net zero, IGS is systematically addressing Scope 3 emissions, prioritizing reductions per employee and per revenue. By focusing on Scope 3, we aim to address the largest impact areas and progress toward a more sustainable footprint.
Near-Term Targets (2024-2025):
1. Emissions per Employee: To reduce emissions per employee by 10%, we are selecting co-working spaces that demonstrate a strong commitment to green initiatives, including renewable energy use or carbon credit purchases. This approach ensures IGS operates within environments that align with our sustainability values and reduce our reliance on conventional power grids.
2. Emissions per Revenue: We are targeting a 15% reduction in emissions per revenue unit, ensuring that as IGS grows, it does so sustainably. By enhancing remote services and minimizing travel-based activities, we aim to expand responsibly, decoupling emissions from growth and prioritizing sustainable consulting practices.
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.
*Currently, electricity purchase is not applicable as we are a start-up company, operating under a work-from-home model. However, beginning November 1, 2024, we will transition to a dedicated co-working space. This space was chosen in line with IGS’s sustainable procurement guidelines, prioritizing facilities that implement green initiatives in their operations. contributing in reducing our scope 2 emissions.
*Scope 1 emissions are not applicable at this moment as we do not have company vehicles or assets that generate direct emissions.
3.8 Describe the calculation methodology and comment on the data accuracy, including any tools/methods used to calculate.
*Calculation Methodology
The GHG emissions calculation for IGS follows the GHG Protocol framework, ensuring comprehensive coverage of Scope 1, Scope 2, and relevant Scope 3 categories. The calculation approach varies by emission source, with methods tailored to accurately capture the unique characteristics of each category:
1. Spend-Based Method: Used for certain Scope 3 categories where emissions are derived from the economic value of purchased goods and services, aligning spending data with appropriate emission factors (e.g., USEEIO factors) adjusted for inflation.
2. Distance-Based Method: For activities involving travel, this method calculates emissions based on actual distance traveled, fuel type, and vehicle specifications, providing specific emissions data that reflects the true environmental impact of each journey.
3. Homeworking Emissions: Calculated using a combination of activity data (e.g., employee working days, energy requirements for workstations) and grid-specific emission factors. This method follows established guidelines (EcoACT) for homeworking scenarios, ensuring accuracy in emissions from remote work settings.
4. Average Data Method: Used for smaller, indirect sources like office supplies, where the quantity consumed is converted into emission equivalents using industry-standard conversion factors.
Data Accuracy
To ensure data integrity and reliability, IGS implements structured data collection and verification methods:
1. Source Reliability: Data is derived from direct records, such as financial spending reports, travel logs, and HR systems, minimizing estimation and improving precision.
2. Confidence Intervals: Each calculation method incorporates a confidence interval, reflecting minor uncertainties due to variations in data or assumptions. For example, financial data includes a ±15% interval due to inflation adjustments, and commuting data accounts for ±10% variability in homeworking energy use.
3. Standardized Tools and Protocols: IGS utilizes industry-standard tools and methodologies to ensure accuracy and consistency across all emissions calculations. For travel distance, Google Maps is used, while homeworking emissions are calculated following EcoACT guidelines. Emission factors and conversion data are sourced from reliable and authoritative sources, including IPCC, DEFRA, USEPA, and the GHG Protocol. By using these recognized sources, IGS aligns its calculations with globally accepted standards, enhancing both reliability and comparability in its emissions reporting.
4. Internal Review and Consistency Checks: The GHG data undergoes routine internal reviews by a certified GHG manager to ensure accuracy, consistency, and completeness, as per the GHG Protocol principles.
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
*2.5860 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
IGS has a plan to reduce emissions across its value chain, with initiatives targeted by specific Scope 3 categories:
Scope 3 Category 1: Purchased Goods and Services
- Sustainable Procurement: IGS has established a Sustainable Procurement Guideline that integrates environmental, social, and economic considerations into our purchasing decisions for categories 1 and 2.
- Co-Working Space Selection: We have selected co-working spaces that prioritize green initiatives, such as using renewable energy or purchasing carbon offsets, to reduce emissions associated with purchased services. This selection aligns with IGS's sustainable procurement goals and contributes to minimizing our operational footprint.
Scope 3 Category 6: Business Travel
-Travel Optimization: For necessary travel, implementing policies that prioritize low-emission transportation options and reducing travel frequency by consolidating client engagements. This approach minimizes emissions from business travel.
Scope 3 Category 7: Employee Commuting (Homeworking)
- Promotion of Work-From-Home (WFH): We had established WFH policy and encourage WFH practices to reduce commuting-related emissions.
- Public Transport Support: As stated in our employee handbook, IGS provides travel allowance support to employees who choose public transportation for commuting, reinforcing our commitment to sustainable commuting options.
- Remote Service Delivery: We emphasize virtual consultations and remote work options to further lower commuting emissions, supporting sustainable growth while reducing the carbon footprint of employee activities.
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.
*Calculation Methodology
IGS calculates Scope 3 emissions in accordance with the GHG Protocol framework, ensuring coverage of all relevant Scope 3 categories with methods that capture the unique characteristics of each emission source:
1. Spend-Based Method: This method is applied to emissions from purchased goods and services, where emissions are calculated based on the economic value of each purchase. IGS aligns these values with appropriate emission factors, such as USEEIO, which are adjusted for inflation to maintain data relevance.
2. Distance-Based Method: For business travel, emissions are calculated based on actual distance traveled, vehicle type, and fuel source. IGS uses detailed records of travel data, with distances mapped through Google Maps, to provide specific emissions data that accurately reflects the environmental impact of each journey.
3. Homeworking Emissions Calculation: Employee commuting emissions, specifically from homeworking, are calculated using activity data (such as working days and workstation energy requirements) in combination with grid-specific emission factors for Peninsular Malaysia. This approach follows the EcoACT Homeworking Emissions Whitepaper, which is recognized for its accuracy in remote work emissions estimation.
4. Average Data Method: For smaller indirect sources, such as office supplies (e.g., A4 paper consumption), IGS uses an average data method. Quantities are converted into emission equivalents using industry-standard conversion factors to capture emissions from low-emission categories accurately.
Data Accuracy
To ensure reliable Scope 3 data, IGS employs structured data collection and verification practices:
1. Source Reliability: Emission data is based on accurate and direct records, including financial spending reports, travel logs, and HR data, which minimizes estimations and enhances precision across Scope 3 categories.
2. Confidence Intervals: Each calculation method incorporates a confidence interval that reflects minor uncertainties in data. For example, spend-based methods have a ±15% interval due to economic adjustments, while commuting emissions calculations include a ±10% margin to account for energy consumption variability.
3. Standardized Tools and Protocols: IGS uses recognized tools and methodologies, such as Google Maps for travel distance calculations and EcoACT for homeworking emissions. Emission factors are sourced from authoritative bodies like IPCC, DEFRA, USEPA, and the GHG Protocol, ensuring that calculations align with globally accepted standards and enhance data consistency and comparability.
4. Internal Review and Consistency Checks: The GHG data undergoes routine reviews by IGS’s certified GHG manager, ensuring that Scope 3 emissions data is accurate, consistent, and complete. This internal audit process aligns with GHG Protocol principles, further supporting data integrity across the Scope 3 inventory.
Results, Challenges and Outlook *
7.1 Provide any additional comments or context on your annual results and progress from previous years.
*Since 2024 is the base year for IvyGreen Solutions (IGS), there are no previous results or historical data available for comparison. This initial year serves as a foundational benchmark against which future progress and annual emission reductions will be measured. Moving forward, IGS will track and report annual changes, allowing us to assess our progress in meeting sustainability goals and identifying areas for improvement in reducing our overall 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,Electrifying the vehicle fleet and/or cutting transport 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,Low return on investment,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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