Verco Advisory Services Limited's Climate Report

Download as pdf

Introduction *

Commitment And Targets *

Own emissions *

Value chain emissions *

(optional)

Actions and plans to reduce emissions *

Climate Solutions *

(optional)

Management and strategy *

(optional)

Results, challenges and outlook *

Version 1.1.0

Introduction *

reporting year

*

2022

number of employees in the reporting year

*

64

Commitment And Targets *

net zero target year

*

2030

Base year

*

2022

comment on your net zero targets

*

Our Net Zero target will be predicated on an absolute reduction in emissions by 90%.

near-term scope 1 target

*

50

target year

*

2027

near-term scope 2 target

*

50

target year

*

2027

near-term scope 3 target

*

40

target year

*

2027

comment on your near-term targets

*

We have committed to halving emissions by 2027 in line with the Paris Agreement.

Own emissions *

scope 1 emissions

scope 1 emissions (metric tons co2e)

*

-

own facilities

*

N/A

own vehicles

*

N/A

own processes

*

N/A

scope 2 emissions

scope 2 emissions (metric tons co2e)

*

8.8

total energy consumption (kwh)

*

47529

renewable energy

*

16

purchased electricity

*

1.7

metric tons CO2e

Renewable electricity (%)

88

purchased steam

*

N/A

Renewable electricity (%)

-

purchased heating

*

7.1

metric tons CO2e

Renewable electricity (%)

-

purchased cooling

*

N/A

Renewable electricity (%)

-

Comment on your energy consumption

*

Our Scope 1&2 energy consumption is comprised of electricity and heat purchased at three offices in the United Kingdom. As a business. we don't own any vehicles or processing facilities.

Value chain emissions (optional) *

scope 3 emissions

scope 3 emissions (metric tons co2e)

*

262.2

supply chain related - upstream emissions

purchased goods and services

*

48.0

metric tons CO2e

capital goods

*

3.7

metric tons CO2e

fuel and energy related activities

*

4.5

metric tons CO2e

transportation and distribution (upstream)

*

N/A

waste in operations

*

0.1

metric tons CO2e

business travel

*

120.2

metric tons CO2e

employee commuting

*

82.8

metric tons CO2e

leased assets (upstream)

*

N/A

customer related - downstream emissions

transportation and distribution (downstream)

*

N/A

processing of sold products

*

N/A

use of sold products

*

2.5

metric tons CO2e

end-of-life treatment of products

*

0.4

metric tons CO2e

leased assets (downstream)

*

N/A

franchises

*

N/A

investments

*

N/A

List any sources of emissions excluded:

*

No sources of emissions excluded from our Scope 3 footprint.

describe the calculation methodology and comment on accuracy:

*

Our Purchased Goods & Services emissions calculation are based on USEPA EEIO factors. Most of our emissions in this category are services based. Business travel is based on expenses data and includes all modes. Data quality is pretty good. Employee commuting is based on a employee survey that we issue twice year to capture any changes in commuting patterns between seasons. These three categories cover over 95% of our total scope 3 footprint.

Actions and plans to reduce emissions *

Scope 1 Actions

own facilities

N/A

Verco does not procure any gas or other fuels, but does procure heat in our offices. As such, we consider our Scope 1 emissions to be 0.

own vehicles

N/A

Verco does not procure any gas or other fuels, but does procure heat in our offices. As such, we consider our Scope 1 emissions to be 0.

own processes

N/A

Verco does not procure any gas or other fuels, but does procure heat in our offices. As such, we consider our Scope 1 emissions to be 0.

scope 2 actions

purchased electricity

Yes

We have been exploring various energy efficiency measures to reduce our electricity consumption in our Overmoor and Chorley offices. Ultimately, our goal is to refit or relocate the offices to a new site which will allow us to reduce our reliance on gas-based office heating. Grid decarbonisation has also been considered in our plans. We have decided to take a location-based approach to our target accounting so grid decarbonisation will have a significant impact on achieve net zero for Scope 2.

purchased steam

N/A

Not applicable

purchased heating

Yes

We have been exploring various energy efficiency measures to reduce our gas consumption for heating in our Overmoor and Chorley offices. Ultimately, our goal is to refit or relocate the offices to a new site which will allow us to reduce our reliance on gas-based office heating, and invest in low-carbon sources of heating.

purchased cooling

N/A

Not applicable

scope 3 actions

supply chain related (upstream)

purchased good and services

*

Yes

We have initiated the conversation with suppliers and have been working to assist them in calculating their carbon footprints where possible. This has been one of the first steps in helping drive reductions in our purchased goods and services emissions and will ultimately help us in achieving our decarbonisation targets.

capital goods

*

Yes

Our key focus has been to improve our data collection methodology. Actions this year included calculating capital goods emissions from office capital spend, using PO data and assigning USEPA factors for the first time.

fuel and energy related activities

*

Yes

Related to Scope 2 emissions reductions plans.

transportation and distribution (upstream)

*

N/A

Not applicable

waste in operation

*

Yes

We are a community ally for Plastic Free Corsham Initiative in our Overmoor offices. The initiative focuses on reducing the reliance on single use plastics in the office. At a minimum, this has included selecting plastic free packaged office snacks and encourages employees to make a conscious effort to reducing single-use plastics when shopping for themselves.

business travel

*

Yes

We understand that the best way to reduce business travel emissions is to consciously manage our own policies. We intend to set an internal target for a reduction of international travel - utilisation of methods to realise this could include: reducing the need to travel, modal shift for necessary travel and supplier selection. We are intending to change our business travel policy towards employee cars with a target to reduce business travel emissions from cars.

employee commuting

*

Yes

As a company we support homeworking, with most employees visiting the office only twice a week. We are assessing the feasibility of relocating the Overmoor and Chorley office to a more centralised location, which will ultimately reduce the distance employees commute to the offices. In the meantime, we have taken action to install electric charging in our Overmoor office to help promote the use of electric cars.

upstream leased assets

*

N/A

Not applicable

customer related (downstream)

transportation and distribution (downstream)

*

N/A

Not applicable

processing of sold products

*

N/A

Not applicable

use of sold products

*

Yes

Actions this year have included improving our calculation methodology to account for emissions from installed hardware for the first time.

end-of-life treatment of products

*

Yes

Actions this year have included improving our calculation methodology to account for emissions from end of life of installed hardware for the first time.

leased assets (downstream)

*

N/A

Not applicable

franchises

*

N/A

Not applicable

investments

*

N/A

Not applicable

i have asked my suppliers to halve emissions before 2030 and join the un-backed race to zero campaign

*

No

i have communicated my commitment and actions to my business customers and asked them to join the un race to zero

*

No

Climate Solutions (optional) *

What percentage of your total revenue comes from sales of climate solutions?

*

100

Provide descriptions/names of your climate solutions:

*

As a consultancy, we don't provide any physical climate solutions. But our business is predicated on a mission to "provide the solutions for a zero carbon world". All our consulting services are based on helping our clients achieve Net Zero and making a material difference to global carbon targets. You can see more at our website - https://www.vercoglobal.com/

Methodology used to assess these as climate solutions:

*

No methodology is currently used to assess the impact of our consulting services.

How much of your research and development budget is allocated to climate solutions?

*

100

are you investing in climate and/or nature outside your value chain?

*

No

Management and strategy (optional) *

Results, challenges and outlook *

Verco Advisory Services Limited's Climate Report

Verco Advisory Services Limited's Climate Report - 2022

Introduction *

reporting year

*

2022

number of employees in the reporting year

*

64

Commitment And Targets *

net zero target year

*

2030

Base year

*

2022

comment on your net zero targets

*

Our Net Zero target will be predicated on an absolute reduction in emissions by 90%.

near-term scope 1 target

*

50

target year

*

2027

near-term scope 2 target

*

50

target year

*

2027

near-term scope 3 target

*

40

target year

*

2027

comment on your near-term targets

*

We have committed to halving emissions by 2027 in line with the Paris Agreement.

Own emissions *

scope 1 emissions

scope 1 emissions (metric tons co2e)

*

-

own facilities

*

N/A

own vehicles

*

N/A

own processes

*

N/A

scope 2 emissions

scope 2 emissions (metric tons co2e)

*

8.8

total energy consumption (kwh)

*

47529

renewable energy

*

16

purchased electricity

*

1.7

metric tons CO2e

Renewable electricity (%)

88

purchased steam

*

N/A

Renewable electricity (%)

-

purchased heating

*

7.1

metric tons CO2e

Renewable electricity (%)

-

purchased cooling

*

N/A

Renewable electricity (%)

-

Comment on your energy consumption

*

Our Scope 1&2 energy consumption is comprised of electricity and heat purchased at three offices in the United Kingdom. As a business. we don't own any vehicles or processing facilities.

Value chain emissions (optional) *

scope 3 emissions

scope 3 emissions (metric tons co2e)

*

262.2

supply chain related - upstream emissions

purchased goods and services

*

48.0

metric tons CO2e

capital goods

*

3.7

metric tons CO2e

fuel and energy related activities

*

4.5

metric tons CO2e

transportation and distribution (upstream)

*

N/A

waste in operations

*

0.1

metric tons CO2e

business travel

*

120.2

metric tons CO2e

employee commuting

*

82.8

metric tons CO2e

leased assets (upstream)

*

N/A

customer related - downstream emissions

transportation and distribution (downstream)

*

N/A

processing of sold products

*

N/A

use of sold products

*

2.5

metric tons CO2e

end-of-life treatment of products

*

0.4

metric tons CO2e

leased assets (downstream)

*

N/A

franchises

*

N/A

investments

*

N/A

List any sources of emissions excluded:

*

No sources of emissions excluded from our Scope 3 footprint.

describe the calculation methodology and comment on accuracy:

*

Our Purchased Goods & Services emissions calculation are based on USEPA EEIO factors. Most of our emissions in this category are services based. Business travel is based on expenses data and includes all modes. Data quality is pretty good. Employee commuting is based on a employee survey that we issue twice year to capture any changes in commuting patterns between seasons. These three categories cover over 95% of our total scope 3 footprint.

Actions and plans to reduce emissions *

Scope 1 Actions

own facilities

N/A

Verco does not procure any gas or other fuels, but does procure heat in our offices. As such, we consider our Scope 1 emissions to be 0.

own vehicles

N/A

Verco does not procure any gas or other fuels, but does procure heat in our offices. As such, we consider our Scope 1 emissions to be 0.

own processes

N/A

Verco does not procure any gas or other fuels, but does procure heat in our offices. As such, we consider our Scope 1 emissions to be 0.

scope 2 actions

purchased electricity

Yes

We have been exploring various energy efficiency measures to reduce our electricity consumption in our Overmoor and Chorley offices. Ultimately, our goal is to refit or relocate the offices to a new site which will allow us to reduce our reliance on gas-based office heating. Grid decarbonisation has also been considered in our plans. We have decided to take a location-based approach to our target accounting so grid decarbonisation will have a significant impact on achieve net zero for Scope 2.

purchased steam

N/A

Not applicable

purchased heating

Yes

We have been exploring various energy efficiency measures to reduce our gas consumption for heating in our Overmoor and Chorley offices. Ultimately, our goal is to refit or relocate the offices to a new site which will allow us to reduce our reliance on gas-based office heating, and invest in low-carbon sources of heating.

purchased cooling

N/A

Not applicable

scope 3 actions

supply chain related (upstream)

purchased good and services

*

Yes

We have initiated the conversation with suppliers and have been working to assist them in calculating their carbon footprints where possible. This has been one of the first steps in helping drive reductions in our purchased goods and services emissions and will ultimately help us in achieving our decarbonisation targets.

capital goods

*

Yes

Our key focus has been to improve our data collection methodology. Actions this year included calculating capital goods emissions from office capital spend, using PO data and assigning USEPA factors for the first time.

fuel and energy related activities

*

Yes

Related to Scope 2 emissions reductions plans.

transportation and distribution (upstream)

*

N/A

Not applicable

waste in operation

*

Yes

We are a community ally for Plastic Free Corsham Initiative in our Overmoor offices. The initiative focuses on reducing the reliance on single use plastics in the office. At a minimum, this has included selecting plastic free packaged office snacks and encourages employees to make a conscious effort to reducing single-use plastics when shopping for themselves.

business travel

*

Yes

We understand that the best way to reduce business travel emissions is to consciously manage our own policies. We intend to set an internal target for a reduction of international travel - utilisation of methods to realise this could include: reducing the need to travel, modal shift for necessary travel and supplier selection. We are intending to change our business travel policy towards employee cars with a target to reduce business travel emissions from cars.

employee commuting

*

Yes

As a company we support homeworking, with most employees visiting the office only twice a week. We are assessing the feasibility of relocating the Overmoor and Chorley office to a more centralised location, which will ultimately reduce the distance employees commute to the offices. In the meantime, we have taken action to install electric charging in our Overmoor office to help promote the use of electric cars.

upstream leased assets

*

N/A

Not applicable

customer related (downstream)

transportation and distribution (downstream)

*

N/A

Not applicable

processing of sold products

*

N/A

Not applicable

use of sold products

*

Yes

Actions this year have included improving our calculation methodology to account for emissions from installed hardware for the first time.

end-of-life treatment of products

*

Yes

Actions this year have included improving our calculation methodology to account for emissions from end of life of installed hardware for the first time.

leased assets (downstream)

*

N/A

Not applicable

franchises

*

N/A

Not applicable

investments

*

N/A

Not applicable

i have asked my suppliers to halve emissions before 2030 and join the un-backed race to zero campaign

*

No

i have communicated my commitment and actions to my business customers and asked them to join the un race to zero

*

No

Climate Solutions (optional) *

What percentage of your total revenue comes from sales of climate solutions?

*

100

Provide descriptions/names of your climate solutions:

*

As a consultancy, we don't provide any physical climate solutions. But our business is predicated on a mission to "provide the solutions for a zero carbon world". All our consulting services are based on helping our clients achieve Net Zero and making a material difference to global carbon targets. You can see more at our website - https://www.vercoglobal.com/

Methodology used to assess these as climate solutions:

*

No methodology is currently used to assess the impact of our consulting services.

How much of your research and development budget is allocated to climate solutions?

*

100

are you investing in climate and/or nature outside your value chain?

*

No

Management and strategy (optional) *

Results, challenges and outlook *

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