Report results - SME Climate Hub

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

1.1 Reporting year

2024

1.1.1 Reporting period

from 10.2023 to 9.2024

1.2 Describe your business activities

AEA Consulting is a global firm setting the standard in strategy and planning for the cultural and creative industries. We are known for our candid and impartial advice that draws on deep knowledge of the cultural sector as well as robust research and analytical insight. Since 1991, we have successfully delivered more than 1,200 assignments in 42 countries, helping clients around the world plan and realize vital and sustainable cultural projects. With offices in New York and London, AEA offers a talented, multidisciplinary team of professionals with proven practical experience who deliver personalized solutions to organizations in the arts, cultural, creative and public sectors. We thrive on new challenges and approach problem-solving with curiosity, creativity and integrity.

1.4 Number of employees in the reporting year

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

2.1 Net zero target year

2050

2.1.1 Base year

2022

2.2 Near-term target

50% of absolute scope 1+2 emission reduction from my base year by 2030

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

27017 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

7.04 metric tons CO2e

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

AEA's scope 1 emissions are at near zero. We plan to reduce our scope 2 emissions by curbing gas and electric use to run the New York office space, and explore renewable energy options available to us.

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

Calculations are based off of our profit and loss statements for FY24. We used Normative business carbon calculator to estimate our scope 1, 2, and 3 emissions.

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?

Yes

4.1.1 Total scope 3 emissions

239.62 metric tons CO2e

Supply chain related - upstream emissions

4.1.2 Purchased goods and services

43.5 metric tons CO2e

4.1.3 Capital goods

5.12 metric tons CO2e

4.1.7 Business travel

191 metric tons CO2e

Customer related - downstream emissions

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.

Calculations were made with Normative\'s business carbon calculator.

5.1 Do you classify any of your existing goods and/or services as a climate solution?

6.1 What governance processes do you have in place for your climate strategy? Choose as many as are applicable.

Governance process in place

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?

Own operations

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

We\'ve not started managing climate risks yet,We\'ve started to prioritise climate risks

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

Business travel is our largest contributor of emissions across scope 1, 2, and 3. We are exploring ways to reduce this number.

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?

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

We have utilized Normative’s Business Carbon Calculator to estimate our emissions for FY22, FY23, and FY24. Our total estimated emissions have increased over this period, with business travel showing the most significant increase. This trend is largely attributed to the gradual easing of COVID-19-related travel restrictions and the return to pre-pandemic travel levels.

7.2 Do you face any key challenges in reducing emissions?

Reducing scope 3 emissions,Reducing emissions from business travel,Balancing emission reductions with business growth,Time constraints,Lack of skills and knowledge

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

1.1 Reporting year

2024

1.1.1 Reporting period

from 10.2023 to 9.2024

1.2 Describe your business activities

1.4 Number of employees in the reporting year

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

2.1 Net zero target year

2050

2.1.1 Base year

2022

2.2 Near-term target

50% of absolute scope 1+2 emission reduction from my base year by 2030

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

27017 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

7.04 metric tons CO2e

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

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

Calculations are based off of our profit and loss statements for FY24. We used Normative business carbon calculator to estimate our scope 1, 2, and 3 emissions.

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?

Yes

4.1.1 Total scope 3 emissions

239.62 metric tons CO2e

Supply chain related - upstream emissions

4.1.2 Purchased goods and services

43.5 metric tons CO2e

4.1.3 Capital goods

5.12 metric tons CO2e

4.1.7 Business travel

191 metric tons CO2e

Customer related - downstream emissions

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.

Calculations were made with Normative\'s business carbon calculator.

5.1 Do you classify any of your existing goods and/or services as a climate solution?

6.1 What governance processes do you have in place for your climate strategy? Choose as many as are applicable.

Governance process in place

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?

Own operations

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

We\'ve not started managing climate risks yet,We\'ve started to prioritise climate risks

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

Business travel is our largest contributor of emissions across scope 1, 2, and 3. We are exploring ways to reduce this number.

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?

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

7.2 Do you face any key challenges in reducing emissions?

Reducing scope 3 emissions,Reducing emissions from business travel,Balancing emission reductions with business growth,Time constraints,Lack of skills and knowledge

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

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