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PGSO's Climate Report

Submitted on 2026-08-15  ·  Edited on 2026-08-15

Introduction *

1.1 End day of the reporting period*

2025-10-31

1.1.1 Reporting year*

2025

1.2 Describe your business activities*

Engineering services consultancy (SIC 71129). Asset condition surveys, asset registers and advice on energy efficiency and carbon reduction for clients managing built assets. Sole director, home-based, travelling to client sites across the UK and occasionally overseas.

1.4 Number of employees on the end day of the reporting period*

1

1.4.1 Full-time equivalent (FTE) or headcounts*

Headcounts

1.5 Is this report being submitted on behalf of a parent company or a subsidiary? If so, please briefly explain the relationship.*

Not applicable

1.5.1 Please explain the relationship*

-

Commitment and Targets *

2.1 Net zero target year*

2050

2.1.1 Base year*

2022

2.1.2 Base year value*

7.06

Base year value confirmation*

I confirm that I have entered my base year value in metric tons CO2e

2.2 Near-term target*

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

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

Our near-term target applies to Scope 1 and 2, which the SME Climate Hub identifies as the primary target boundary for small businesses. The base year value above is our total Scope 1+2+3 footprint for FY22 (1 Nov 2021 – 31 Oct 2022). Scope 3 represents 92% of our footprint and is measured and published in full every year, but we have not set a numeric Scope 3 target yet: we would rather establish a reliable multi-year trend than publish a figure we cannot substantiate. We engage suppliers and prefer subcontractors holding their own climate commitments. Because our emissions track workload rather than efficiency, we also monitor emissions intensity per £m of revenue, which has fallen 19% since the base year. Purchased carbon removals are reported separately and are not counted towards either target.

2.4 To reduce emissions in line with my commitment, my company has a climate action plan and is taking action*

Yes, the plan and action include all scope 1+2+3

Own Emissions *

Energy consumption

3.2 Total energy consumption*

4053 kWh

3.3 Total renewable energy consumption*

1102 kWh

Scope 1 emissions

3.4 Scope 1 emissions*

0.54 metric tons CO2e

Scope 2 emissions

3.5 Location-based Scope 2 emissions*

0.216 metric tons CO2e

3.6 Market-based Scope 2 emissions*

0 metric tons CO2e

Scope 1 and 2 units confirmation*

I confirm that I have entered all Scope 1 and 2 emissions values in metric tons CO2e

3.7 Have you taken any actions to reduce Scope 1 and 2 emissions in the reporting period?*

Yes

3.7.1 What actions have you taken?*

Climate strategy and planning, Switch to renewable electricity

3.7.2 Describe your actions taken to reduce Scope 1 and 2 emissions in the reporting period*

Throughout the reporting period the company maintained a 100% renewable, REGO-backed electricity tariff, giving a market-based Scope 2 of zero. We also completed a full GHG inventory covering all three scopes for every year since incorporation, set a base year and near-term target, and published the results. We report transparently that Scope 1 and 2 emissions nonetheless rose 3.4% against the FY22 base year. The residual source is gas heating in rented premises: as tenants we cannot change the heating system, the fuel or the building fabric, so only occupancy and heating patterns are within our control. This is the principal constraint on our near-term target and is set out further in the challenges section.

3.8 Which tools or methods did you use to calculate your Scope 1 and 2 emissions?*

Own internal calculations

3.8.1 Specify any additional details*

Calculated in-house under the GHG Protocol Corporate Standard, structured to ISO 14064-1, using UK Government DESNZ/DEFRA published emission factors for each reporting year. Energy from metered E.ON supplier bills; business mileage from an actual 45p/mile reimbursement log; hotel nights from booking records with country-specific factors; flights by distance and cabin class; capital equipment from purchase invoices using device-level embodied factors; purchased goods and services from the accountant's statutory ledger using spend-based factors applied net of VAT. PGSO operates from a home office. Energy, water and related emissions are apportioned at one fifth (20%) of household consumption, the basis used in the company's statutory accounts. Scope 2 is dual-reported location-based and market-based; the market-based figure of zero reflects a REGO-backed renewable tariff.

Value Chain Emissions (optional)

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?*

Yes

Supply chain related - upstream emissions

Customer related - downstream emissions

Scope 3 units confirmation*

I confirm that I have entered all Scope 3 emissions values in metric tons CO2e

4.2 Have you taken any actions to reduce scope 3 emissions in the reporting period?*

Yes

4.2.1 What actions have you taken to reduce scope 3 emissions in the reporting period?*

Climate strategy and planning, Business travel and commuting, Material circularity and waste reduction, Digital and technology-enabled solutions

4.2.2 Provide any additional details*

Client-site travel is the largest Scope 3 category we can directly influence. Meetings are held by video and telephone rather than in person, and travel is reserved for survey work that cannot be done remotely. Routes and modes are selected on cost and time, which in practice favours rail and underground over car and air where geography allows, and multi-site visits are consolidated within a single project. We cannot reduce the requirement to attend client sites: locations are determined by where our clients' assets are, not by us. IT and survey equipment is kept in service as long as practicable and replaced with refurbished units where suitable, since embodied manufacturing emissions are a material part of our footprint. Our largest Scope 3 category by far is purchased goods and services, principally subcontracted engineering. Those emissions arise in our suppliers' own operations, so our influence is through selection rather than control, and as a single-person business our procurement leverage is limited. We have not yet formally engaged suppliers on target-setting; this is a planned next step.

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

No

4.3.1 What percentage of your suppliers have you asked?*

-

4.4 Have you communicated your commitment and actions to any of your customers?*

Yes

4.5 Which tools or methods did you use to calculate your scope 3 emissions?*

Own internal calculations

4.5.1 Specify additional details*

Scope 3 calculated in-house under the GHG Protocol Corporate Standard using UK Government DESNZ/DEFRA emission factors. Category 1 (purchased goods and services) from the accountant's statutory ledger, with spend-based emission factors applied net of VAT and classified per supplier; this figure includes water supply and treatment. Category 2 (capital goods) from actual purchase invoices using device-level embodied carbon factors rather than spend proxies. Category 3 (fuel- and energy-related activities, well-to-tank) from metered energy consumption. Category 6 (business travel) from primary records: an actual 45p/mile reimbursement log for car travel, hotel booking confirmations with country-specific factors, and flights by distance and cabin class. Categories 4 (upstream transport) and 5 (waste in operations) exist at small scale but have not yet been quantified. Categories 7 to 15 are not applicable to a home-based, single-person advisory business: there is no commute, and our output is professional advice, so nothing is shipped, processed, used or disposed of. Category 11 in particular is not applicable because the emissions of a client's built asset fall within that client's own inventory. Upstream leased assets are excluded to avoid double-counting, as the rented home office is already captured within Scope 1 and 2 through the 20% apportionment. Approximately three quarters of the total footprint derives from spend-based factors and is indicative rather than directly measured. No formal uncertainty range has been quantified.

Climate Solutions (optional)

5.1 Do any of your existing products and/or services qualify as climate solutions or enabling solutions?*

No

5.2 Please confirm your solutions meet all the following safeguard requirements.*

What percentage of your total revenue came from these products and/or services last year?*

-

5.4 Provide descriptions/names of your solutions:*

-

5.5 How did you assess whether these are climate solutions?*

5.5.1 Has any third party validated this?*

-

5.5.2 Specify any additional details*

-

Governance, 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.*

Governance process in place, Person is responsible for climate strategy at board level

6.1 Explain*

-

6.1.1 Please describe their position and responsibility.*

Director. PGSO Ltd is a single-person company; the director is the sole officer and only employee, and therefore holds direct and undivided responsibility for climate strategy, emissions measurement, target setting, procurement decisions and public disclosure. There is no separate management layer between strategy and execution.

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

Yes

6.1.3 Please describe the governance process in place*

The company operates a documented annual cycle. Emissions across Scopes 1, 2 and 3 are compiled from primary records — metered energy bills, a mileage reimbursement log, hotel booking confirmations, equipment purchase invoices and the accountant's statutory ledger — and calculated under the GHG Protocol Corporate Standard, structured to ISO 14064-1, using UK Government DESNZ/DEFRA emission factors. A fixed base year of FY22 is maintained, together with a stated recalculation policy: prior years are restated where a structural change, methodology change or error moves total emissions by more than 5%. Restatements to date have been documented and published. The inventory is reviewed against recognised standards before publication, and the most recent review resulted in corrections being made to the treatment of VAT, the inclusion of upstream fuel and energy emissions, and the wording of the company's neutrality claim. Targets and progress are reviewed annually and published in full alongside the underlying methodology and limitations. Purchased carbon removals are authorised by the director and are accounted for separately from emissions reductions. As a sole-director company there is no separation of duties, and the inventory has not been independently assured. Independent limited assurance under ISO 14064-3 is identified as the next step in strengthening this process.

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

6.2.1 Explain*

-

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

We've Identified plans for adaptation to mitigate these risks

6.2.2 Explain*

-

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

Own operations. Our principal transition risk is that our only material Scope 1 source — gas heating — sits in rented premises. As tenants we cannot change the heating system, the fuel or the building fabric, which structurally limits our ability to meet an absolute reduction target until we move premises or the landlord upgrades the system. A second operational constraint is that our travel is determined by client site locations rather than by us, so it rises and falls with workload and cannot be reduced without declining work. Value chain. Scope 3 represents 92% of our footprint and is concentrated in subcontracted engineering and purchased services. Those emissions arise in our suppliers' operations, so our exposure depends on the pace at which they decarbonise, and as a single-person business our procurement leverage is limited. Transition and market risk. Clients and public-sector buyers increasingly require climate disclosure in tenders and pre-qualification. We regard this as both a risk of exclusion if unprepared and an opportunity, which is why we measure comprehensively and publish in full. Physical risk. As a home-based advisory business our direct physical exposure is limited; the more plausible exposure is disruption to travel and to client sites. Limitation. This assessment is qualitative. We have not quantified these risks against revenue, nor modelled the proportion of business activity vulnerable to climate risk, and we do not present it as a formal scenario analysis.

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

No

-

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

Yes

During the reporting year we funded 830 trees through Just One Tree, a UK community interest company running reforestation, mangrove and Andean restoration programmes. Just One Tree do not issue certified carbon credits and we make no carbon claim on this planting; it is funded as a reforestation and biodiversity contribution. Subsequent to the reporting period, in August 2026, we purchased and permanently retired 50 tCO₂e of Gold Standard certified carbon removal from Planting Biodiverse Forests in Panama (project GS2940, developer Forliance), retired in PGSO Ltd's name in the Gold Standard Impact Registry. This exceeds our entire measured footprint since incorporation in October 2020. In the same month we began an ongoing Climeworks nature-based removal subscription of approximately 15 tCO₂e per year; its retirement certificates are not yet in hand, so we do not yet count it. None of this activity is counted towards our emission reduction targets. Carbon removals compensate for emissions already made and are not a substitute for reducing them, so we report them separately as contribution rather than abatement. Cumulatively we have funded 2,835 trees since 2021.

Results, Challenges and Outlook *

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

Gross emissions by financial year since our base year: FY22 7.06 tCO₂e, FY23 3.31, FY24 7.64, FY25 9.68. Scope 1+2 over the same period moved from 0.73 to 0.76 tCO₂e, an increase of 3.4%. We are therefore not currently on track against our near-term target of a 50% Scope 1+2 reduction by 2030, and we would rather state that plainly than present a favourable subset of the data. The drivers are threefold. First, our footprint tracks workload rather than efficiency: FY25 was a substantially busier year than FY22, with more site survey work, more subcontracted engineering and more site travel, while FY23 was a quiet year — the variation reflects our order book, not our performance. Second, the boundary has become progressively more complete: later years include embodied emissions of capital equipment and upstream fuel and energy that earlier years did not, so part of the apparent rise is better measurement rather than more emitting. Third, our only material Scope 1 source is gas heating in rented premises, which we cannot structurally alter as tenants. The measure that does show progress is intensity: emissions per £m of revenue fell 19% between FY22 and FY25, so we deliver each pound of work materially more carbon-efficiently than at the base year. Corrective actions: reviewing heating patterns and occupancy, the only Scope 1 lever available to a tenant; extending equipment replacement cycles; and beginning to record supplier climate commitments at the point of engagement. We will establish a reliable multi-year Scope 3 trend before setting a numeric Scope 3 target. Support that would help: guidance for tenant micro-businesses on heating emissions where the building is outside their control, a proportionate method for small firms to set and evidence Scope 3 targets, and affordable routes to independent limited assurance at micro-business scale.

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

Reducing scope 1+2 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, Inaccurate or insufficient data

Specify other challenges*

-

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

No

-

PGSO's Climate Report

PGSO's Climate Report - 2025

Introduction *

1.1 End day of the reporting period*

2025-10-31

1.1.1 Reporting year*

2025

1.2 Describe your business activities*

Engineering services consultancy (SIC 71129). Asset condition surveys, asset registers and advice on energy efficiency and carbon reduction for clients managing built assets. Sole director, home-based, travelling to client sites across the UK and occasionally overseas.

1.4 Number of employees on the end day of the reporting period*

1

1.4.1 Full-time equivalent (FTE) or headcounts*

Headcounts

1.5 Is this report being submitted on behalf of a parent company or a subsidiary? If so, please briefly explain the relationship.*

Not applicable

1.5.1 Please explain the relationship*

-

Commitment and Targets *

2.1 Net zero target year*

2050

2.1.1 Base year*

2022

2.1.2 Base year value*

7.06

Base year value confirmation*

I confirm that I have entered my base year value in metric tons CO2e

2.2 Near-term target*

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

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

Our near-term target applies to Scope 1 and 2, which the SME Climate Hub identifies as the primary target boundary for small businesses. The base year value above is our total Scope 1+2+3 footprint for FY22 (1 Nov 2021 – 31 Oct 2022). Scope 3 represents 92% of our footprint and is measured and published in full every year, but we have not set a numeric Scope 3 target yet: we would rather establish a reliable multi-year trend than publish a figure we cannot substantiate. We engage suppliers and prefer subcontractors holding their own climate commitments. Because our emissions track workload rather than efficiency, we also monitor emissions intensity per £m of revenue, which has fallen 19% since the base year. Purchased carbon removals are reported separately and are not counted towards either target.

2.4 To reduce emissions in line with my commitment, my company has a climate action plan and is taking action*

Yes, the plan and action include all scope 1+2+3

Own Emissions *

Energy consumption

3.2 Total energy consumption*

4053 kWh

3.3 Total renewable energy consumption*

1102 kWh

Scope 1 emissions

3.4 Scope 1 emissions*

0.54 metric tons CO2e

Scope 2 emissions

3.5 Location-based Scope 2 emissions*

0.216 metric tons CO2e

3.6 Market-based Scope 2 emissions*

0 metric tons CO2e

Scope 1 and 2 units confirmation*

I confirm that I have entered all Scope 1 and 2 emissions values in metric tons CO2e

3.7 Have you taken any actions to reduce Scope 1 and 2 emissions in the reporting period?*

Yes

3.7.1 What actions have you taken?*

Climate strategy and planning, Switch to renewable electricity

3.7.2 Describe your actions taken to reduce Scope 1 and 2 emissions in the reporting period*

Throughout the reporting period the company maintained a 100% renewable, REGO-backed electricity tariff, giving a market-based Scope 2 of zero. We also completed a full GHG inventory covering all three scopes for every year since incorporation, set a base year and near-term target, and published the results. We report transparently that Scope 1 and 2 emissions nonetheless rose 3.4% against the FY22 base year. The residual source is gas heating in rented premises: as tenants we cannot change the heating system, the fuel or the building fabric, so only occupancy and heating patterns are within our control. This is the principal constraint on our near-term target and is set out further in the challenges section.

3.8 Which tools or methods did you use to calculate your Scope 1 and 2 emissions?*

Own internal calculations

3.8.1 Specify any additional details*

Calculated in-house under the GHG Protocol Corporate Standard, structured to ISO 14064-1, using UK Government DESNZ/DEFRA published emission factors for each reporting year. Energy from metered E.ON supplier bills; business mileage from an actual 45p/mile reimbursement log; hotel nights from booking records with country-specific factors; flights by distance and cabin class; capital equipment from purchase invoices using device-level embodied factors; purchased goods and services from the accountant's statutory ledger using spend-based factors applied net of VAT. PGSO operates from a home office. Energy, water and related emissions are apportioned at one fifth (20%) of household consumption, the basis used in the company's statutory accounts. Scope 2 is dual-reported location-based and market-based; the market-based figure of zero reflects a REGO-backed renewable tariff.

Value Chain Emissions (optional) *

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?*

Yes

Supply chain related - upstream emissions

Customer related - downstream emissions

Scope 3 units confirmation*

I confirm that I have entered all Scope 3 emissions values in metric tons CO2e

4.2 Have you taken any actions to reduce scope 3 emissions in the reporting period?*

Yes

4.2.1 What actions have you taken to reduce scope 3 emissions in the reporting period?*

Climate strategy and planning, Business travel and commuting, Material circularity and waste reduction, Digital and technology-enabled solutions

4.2.2 Provide any additional details*

Client-site travel is the largest Scope 3 category we can directly influence. Meetings are held by video and telephone rather than in person, and travel is reserved for survey work that cannot be done remotely. Routes and modes are selected on cost and time, which in practice favours rail and underground over car and air where geography allows, and multi-site visits are consolidated within a single project. We cannot reduce the requirement to attend client sites: locations are determined by where our clients' assets are, not by us. IT and survey equipment is kept in service as long as practicable and replaced with refurbished units where suitable, since embodied manufacturing emissions are a material part of our footprint. Our largest Scope 3 category by far is purchased goods and services, principally subcontracted engineering. Those emissions arise in our suppliers' own operations, so our influence is through selection rather than control, and as a single-person business our procurement leverage is limited. We have not yet formally engaged suppliers on target-setting; this is a planned next step.

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

No

4.3.1 What percentage of your suppliers have you asked?*

-

4.4 Have you communicated your commitment and actions to any of your customers?*

Yes

4.5 Which tools or methods did you use to calculate your scope 3 emissions?*

Own internal calculations

4.5.1 Specify additional details*

Scope 3 calculated in-house under the GHG Protocol Corporate Standard using UK Government DESNZ/DEFRA emission factors. Category 1 (purchased goods and services) from the accountant's statutory ledger, with spend-based emission factors applied net of VAT and classified per supplier; this figure includes water supply and treatment. Category 2 (capital goods) from actual purchase invoices using device-level embodied carbon factors rather than spend proxies. Category 3 (fuel- and energy-related activities, well-to-tank) from metered energy consumption. Category 6 (business travel) from primary records: an actual 45p/mile reimbursement log for car travel, hotel booking confirmations with country-specific factors, and flights by distance and cabin class. Categories 4 (upstream transport) and 5 (waste in operations) exist at small scale but have not yet been quantified. Categories 7 to 15 are not applicable to a home-based, single-person advisory business: there is no commute, and our output is professional advice, so nothing is shipped, processed, used or disposed of. Category 11 in particular is not applicable because the emissions of a client's built asset fall within that client's own inventory. Upstream leased assets are excluded to avoid double-counting, as the rented home office is already captured within Scope 1 and 2 through the 20% apportionment. Approximately three quarters of the total footprint derives from spend-based factors and is indicative rather than directly measured. No formal uncertainty range has been quantified.

Climate Solutions (optional) *

5.1 Do any of your existing products and/or services qualify as climate solutions or enabling solutions?*

No

5.2 Please confirm your solutions meet all the following safeguard requirements.*

What percentage of your total revenue came from these products and/or services last year?*

-

5.4 Provide descriptions/names of your solutions:*

-

5.5 How did you assess whether these are climate solutions?*

5.5.1 Has any third party validated this?*

-

5.5.2 Specify any additional details*

-

Governance, 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.*

Governance process in place, Person is responsible for climate strategy at board level

6.1 Explain*

-

6.1.1 Please describe their position and responsibility.*

Director. PGSO Ltd is a single-person company; the director is the sole officer and only employee, and therefore holds direct and undivided responsibility for climate strategy, emissions measurement, target setting, procurement decisions and public disclosure. There is no separate management layer between strategy and execution.

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

Yes

6.1.3 Please describe the governance process in place*

The company operates a documented annual cycle. Emissions across Scopes 1, 2 and 3 are compiled from primary records — metered energy bills, a mileage reimbursement log, hotel booking confirmations, equipment purchase invoices and the accountant's statutory ledger — and calculated under the GHG Protocol Corporate Standard, structured to ISO 14064-1, using UK Government DESNZ/DEFRA emission factors. A fixed base year of FY22 is maintained, together with a stated recalculation policy: prior years are restated where a structural change, methodology change or error moves total emissions by more than 5%. Restatements to date have been documented and published. The inventory is reviewed against recognised standards before publication, and the most recent review resulted in corrections being made to the treatment of VAT, the inclusion of upstream fuel and energy emissions, and the wording of the company's neutrality claim. Targets and progress are reviewed annually and published in full alongside the underlying methodology and limitations. Purchased carbon removals are authorised by the director and are accounted for separately from emissions reductions. As a sole-director company there is no separation of duties, and the inventory has not been independently assured. Independent limited assurance under ISO 14064-3 is identified as the next step in strengthening this process.

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

6.2.1 Explain*

-

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

We've Identified plans for adaptation to mitigate these risks

6.2.2 Explain*

-

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

Own operations. Our principal transition risk is that our only material Scope 1 source — gas heating — sits in rented premises. As tenants we cannot change the heating system, the fuel or the building fabric, which structurally limits our ability to meet an absolute reduction target until we move premises or the landlord upgrades the system. A second operational constraint is that our travel is determined by client site locations rather than by us, so it rises and falls with workload and cannot be reduced without declining work. Value chain. Scope 3 represents 92% of our footprint and is concentrated in subcontracted engineering and purchased services. Those emissions arise in our suppliers' operations, so our exposure depends on the pace at which they decarbonise, and as a single-person business our procurement leverage is limited. Transition and market risk. Clients and public-sector buyers increasingly require climate disclosure in tenders and pre-qualification. We regard this as both a risk of exclusion if unprepared and an opportunity, which is why we measure comprehensively and publish in full. Physical risk. As a home-based advisory business our direct physical exposure is limited; the more plausible exposure is disruption to travel and to client sites. Limitation. This assessment is qualitative. We have not quantified these risks against revenue, nor modelled the proportion of business activity vulnerable to climate risk, and we do not present it as a formal scenario analysis.

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

No

-

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

Yes

During the reporting year we funded 830 trees through Just One Tree, a UK community interest company running reforestation, mangrove and Andean restoration programmes. Just One Tree do not issue certified carbon credits and we make no carbon claim on this planting; it is funded as a reforestation and biodiversity contribution. Subsequent to the reporting period, in August 2026, we purchased and permanently retired 50 tCO₂e of Gold Standard certified carbon removal from Planting Biodiverse Forests in Panama (project GS2940, developer Forliance), retired in PGSO Ltd's name in the Gold Standard Impact Registry. This exceeds our entire measured footprint since incorporation in October 2020. In the same month we began an ongoing Climeworks nature-based removal subscription of approximately 15 tCO₂e per year; its retirement certificates are not yet in hand, so we do not yet count it. None of this activity is counted towards our emission reduction targets. Carbon removals compensate for emissions already made and are not a substitute for reducing them, so we report them separately as contribution rather than abatement. Cumulatively we have funded 2,835 trees since 2021.

Results, Challenges and Outlook *

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

Gross emissions by financial year since our base year: FY22 7.06 tCO₂e, FY23 3.31, FY24 7.64, FY25 9.68. Scope 1+2 over the same period moved from 0.73 to 0.76 tCO₂e, an increase of 3.4%. We are therefore not currently on track against our near-term target of a 50% Scope 1+2 reduction by 2030, and we would rather state that plainly than present a favourable subset of the data. The drivers are threefold. First, our footprint tracks workload rather than efficiency: FY25 was a substantially busier year than FY22, with more site survey work, more subcontracted engineering and more site travel, while FY23 was a quiet year — the variation reflects our order book, not our performance. Second, the boundary has become progressively more complete: later years include embodied emissions of capital equipment and upstream fuel and energy that earlier years did not, so part of the apparent rise is better measurement rather than more emitting. Third, our only material Scope 1 source is gas heating in rented premises, which we cannot structurally alter as tenants. The measure that does show progress is intensity: emissions per £m of revenue fell 19% between FY22 and FY25, so we deliver each pound of work materially more carbon-efficiently than at the base year. Corrective actions: reviewing heating patterns and occupancy, the only Scope 1 lever available to a tenant; extending equipment replacement cycles; and beginning to record supplier climate commitments at the point of engagement. We will establish a reliable multi-year Scope 3 trend before setting a numeric Scope 3 target. Support that would help: guidance for tenant micro-businesses on heating emissions where the building is outside their control, a proportionate method for small firms to set and evidence Scope 3 targets, and affordable routes to independent limited assurance at micro-business scale.

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

Reducing scope 1+2 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, Inaccurate or insufficient data

Specify other challenges*

-

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

No

-

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