Green Future Investments 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

*

2023

number of employees in the reporting year

*

6

Commitment And Targets *

net zero target year

*

2030

Base year

*

2023

comment on your net zero targets

*

At Green Future Investments we fund technological innovative net zero and net negative solutions as well as supporting conservation, restoration, protection & diversity of the natural world, on land, in the air & in our waterways and oceans through our charity The Nature Recovery Project. We seek to support the most impactful projects and these projects vastly outweigh our own carbon impact we create as we conduct our work. That said, we still want to reduce our own carbon footprint as much as we can.

near-term scope 1 target

*

10

target year

*

2025

near-term scope 2 target

*

10

target year

*

2025

near-term scope 3 target

*

25

target year

*

2025

comment on your near-term targets

*

Scope 1 - There is little scope to reduce our scope 1 emissions due to them being generated by natural gas on site for heating. That said, we hope our scope 1 emissions in 2024 and beyond will be 10% less than 2023 when we were using two premises. Scope 2 - As with Scope 1, our Scope 2 emissions for 2023 were impacted by using 2 office premises. This will not be the case 2024 onwards. Although electricity used on site is 100% renewable from the provider. Scope 3 - Our largest scope 3 carbon footprint comes from our investments. We are exploring ways in which this may be reduced. Downstream travel, staff commuting and business travel we will continue to avoid the most negatively impacting methods possible. For Purchased Services we will continue to engage with Suppliers to better understand their carbon footprints.

Own emissions *

scope 1 emissions

scope 1 emissions (metric tons co2e)

*

10.58

own facilities

*

10.58

metric tons CO2e

own vehicles

*

N/A

own processes

*

N/A

scope 2 emissions

scope 2 emissions (metric tons co2e)

*

0.83

total energy consumption (kwh)

*

3890.80

renewable energy

*

100

purchased electricity

*

0.83

metric tons CO2e

Renewable electricity (%)

100

purchased steam

*

N/A

Renewable electricity (%)

-

purchased heating

*

N/A

Renewable electricity (%)

-

purchased cooling

*

N/A

Renewable electricity (%)

-

Comment on your energy consumption

*

Our energy consumption for 2023 is higher than we would expect for 2024 onwards due to using 2 premises for 6 months of the year.

Value chain emissions (optional) *

scope 3 emissions

scope 3 emissions (metric tons co2e)

*

35755.75

supply chain related - upstream emissions

purchased goods and services

*

14.10

metric tons CO2e

capital goods

*

1.78

metric tons CO2e

fuel and energy related activities

*

N/A

transportation and distribution (upstream)

*

N/A

waste in operations

*

0.249

metric tons CO2e

business travel

*

14.07

metric tons CO2e

employee commuting

*

3.37

metric tons CO2e

leased assets (upstream)

*

N/A

customer related - downstream emissions

transportation and distribution (downstream)

*

0.757

metric tons CO2e

processing of sold products

*

N/A

use of sold products

*

N/A

end-of-life treatment of products

*

N/A

leased assets (downstream)

*

N/A

franchises

*

N/A

investments

*

35722.43

metric tons CO2e

List any sources of emissions excluded:

*

We have included all that are applicable to our business

describe the calculation methodology and comment on accuracy:

*

The methods used for these calculations are: - Purchased goods and services - Spend method using the Normative calculator - Capital Goods - Spend method using the Normative calculator - Waste in operations - using emission factor of 497.045kg/CO2 per tonne - Business Travel - recorded accurately by team members for 4 months and calculated using relevant emission factor. The results multiplied by 3 to give a 12 month amount. - Employee commuting - same process used as Business travel - Downstream transportation - we have included the travel of customers to our site for meetings and these are recorded per visit - Investments - SUGI software has been made available to us by one of our Partners which gives a carbon impact for the majority of the investment portfolio.

Actions and plans to reduce emissions *

Scope 1 Actions

own facilities

Yes

Our current work premises is a listed building and therefore structural adaptations cannot be made such as replacing windows etc. We hope 2024 scope 1 emissions will be less than 2023 due to using one premises rather than two.

own vehicles

N/A

Our company does not own any company vehicles

own processes

N/A

We do not have any internal processes that contribute emissions

scope 2 actions

purchased electricity

No

Our electricity is 100% renewable via our provider.

purchased steam

N/A

There is no steam used in our facility

purchased heating

N/A

We have now moved to a new premises that is heated by its own natural gas combustion boiler.

purchased cooling

N/A

There is no cooling in our facility

scope 3 actions

supply chain related (upstream)

purchased good and services

*

Yes

We will actively be seeking to only engage with third parties that have active climate plans where possible.

capital goods

*

No

Any capital goods spend is always likely to be minimal

fuel and energy related activities

*

Yes

We will ensure devices are turned off and that we do not waste energy unnecessarily

transportation and distribution (upstream)

*

No

Our only upstream transportation would be the travel of suppliers to our premises which we will have covered within Purchased Goods and Services.

waste in operation

*

Yes

We produced minimal waste due to being a small team of 6 however we will begin composting our organic/food waste.

business travel

*

Yes

Our business travel policy is to use the least carbon impacting method possible as well as taking all possible opportunities to remove travel all together by using video conferencing where possible.

employee commuting

*

No

Employee commuting is already kept to a minimum due to most staff working from home 40 - 60% of the time.

upstream leased assets

*

N/A

We have no leased assets

customer related (downstream)

transportation and distribution (downstream)

*

N/A

N/A

processing of sold products

*

N/A

We provide funding, not a product

use of sold products

*

N/A

As above

end-of-life treatment of products

*

N/A

As above

leased assets (downstream)

*

N/A

We do not lease assets

franchises

*

N/A

N/A

investments

*

Yes

Our focus with our investment strategy will be on seeking investments with the lowest carbon footprint, wherever possible.

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:

*

1. Providing funding to the Rainforest Trust 'Save the Brazilian Amazon' project which is expected to store carbon in the ecosystem to an amount 648,507,695 metric tons of CO2 equivalents for the entire project. Our grant equates to 15.5% of the total project cost, so we have assigned 15.5% of the CO2 stored – which will be 100,750,710 metric tons of CO2e. 2. We have made a significant grant to the Ashden Let's Go Zero Schools decarbonising program where the goal is to have all schools on comitted to being net zero by 2030. This is likely to have a CO2 benefit in the region of 100million tonnes and so we will attribute a % of that against our contribution once we have more accurate figures from Ashden. 3. We currently fund 4 separate programs with Cranfield University. The Brian Meredith Net Zero Scholarship Fund, The Future Frontiers Fund, The Technology Accelerator Fund and the Entrepreneurship Fund. All of these are aimed at supporting technological innovative ideas that are aimed at fixing our climate. It is difficult to put a projected CO2e benefit to these funds as they will vary but we are working on developing this data with Cranfield University. 4. We currently own two land parcels in the Bedford area that we have purchased via our 'adjoining' charity The Nature Recovery Project. We are using these land parcels for re-wilding and tree growing in partnership with the Forest of Marston Vale. To date we have planted 300,000 trees and shrubs. Our aim is to continue to procure further suitable plots of land as they become available. 5. We have invested funds with Zero Carbon Capital who target Pre-Seed and Seed investments supporting entrepreneurs and scientists in the fight for the future of our planet

Methodology used to assess these as climate solutions:

*

Our approach is to work with credible partners who are the experts. So far these are The Rainforest Trust, Cranfield University, Ashden Climate Solutions & The Forest of Marston Vale. Our due diligence process used when considering new projects includes understanding the impact of the project, particularly the estimated CO2e benefits.

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?

*

Yes

provide details of the project/s you invest in:

*

These are listed above.

how are they quality secured?

*

This is covered above

which value do they represent (in usd)?

*

20.095 million USD 15.837 million GBP

Management and strategy (optional) *

Results, challenges and outlook *

Green Future Investments Limited's Climate Report

Green Future Investments Limited's Climate Report - 2023

Introduction *

reporting year

*

2023

number of employees in the reporting year

*

6

Commitment And Targets *

net zero target year

*

2030

Base year

*

2023

comment on your net zero targets

*

At Green Future Investments we fund technological innovative net zero and net negative solutions as well as supporting conservation, restoration, protection & diversity of the natural world, on land, in the air & in our waterways and oceans through our charity The Nature Recovery Project. We seek to support the most impactful projects and these projects vastly outweigh our own carbon impact we create as we conduct our work. That said, we still want to reduce our own carbon footprint as much as we can.

near-term scope 1 target

*

10

target year

*

2025

near-term scope 2 target

*

10

target year

*

2025

near-term scope 3 target

*

25

target year

*

2025

comment on your near-term targets

*

Scope 1 - There is little scope to reduce our scope 1 emissions due to them being generated by natural gas on site for heating. That said, we hope our scope 1 emissions in 2024 and beyond will be 10% less than 2023 when we were using two premises. Scope 2 - As with Scope 1, our Scope 2 emissions for 2023 were impacted by using 2 office premises. This will not be the case 2024 onwards. Although electricity used on site is 100% renewable from the provider. Scope 3 - Our largest scope 3 carbon footprint comes from our investments. We are exploring ways in which this may be reduced. Downstream travel, staff commuting and business travel we will continue to avoid the most negatively impacting methods possible. For Purchased Services we will continue to engage with Suppliers to better understand their carbon footprints.

Own emissions *

scope 1 emissions

scope 1 emissions (metric tons co2e)

*

10.58

own facilities

*

10.58

metric tons CO2e

own vehicles

*

N/A

own processes

*

N/A

scope 2 emissions

scope 2 emissions (metric tons co2e)

*

0.83

total energy consumption (kwh)

*

3890.80

renewable energy

*

100

purchased electricity

*

0.83

metric tons CO2e

Renewable electricity (%)

100

purchased steam

*

N/A

Renewable electricity (%)

-

purchased heating

*

N/A

Renewable electricity (%)

-

purchased cooling

*

N/A

Renewable electricity (%)

-

Comment on your energy consumption

*

Our energy consumption for 2023 is higher than we would expect for 2024 onwards due to using 2 premises for 6 months of the year.

Value chain emissions (optional) *

scope 3 emissions

scope 3 emissions (metric tons co2e)

*

35755.75

supply chain related - upstream emissions

purchased goods and services

*

14.10

metric tons CO2e

capital goods

*

1.78

metric tons CO2e

fuel and energy related activities

*

N/A

transportation and distribution (upstream)

*

N/A

waste in operations

*

0.249

metric tons CO2e

business travel

*

14.07

metric tons CO2e

employee commuting

*

3.37

metric tons CO2e

leased assets (upstream)

*

N/A

customer related - downstream emissions

transportation and distribution (downstream)

*

0.757

metric tons CO2e

processing of sold products

*

N/A

use of sold products

*

N/A

end-of-life treatment of products

*

N/A

leased assets (downstream)

*

N/A

franchises

*

N/A

investments

*

35722.43

metric tons CO2e

List any sources of emissions excluded:

*

We have included all that are applicable to our business

describe the calculation methodology and comment on accuracy:

*

The methods used for these calculations are: - Purchased goods and services - Spend method using the Normative calculator - Capital Goods - Spend method using the Normative calculator - Waste in operations - using emission factor of 497.045kg/CO2 per tonne - Business Travel - recorded accurately by team members for 4 months and calculated using relevant emission factor. The results multiplied by 3 to give a 12 month amount. - Employee commuting - same process used as Business travel - Downstream transportation - we have included the travel of customers to our site for meetings and these are recorded per visit - Investments - SUGI software has been made available to us by one of our Partners which gives a carbon impact for the majority of the investment portfolio.

Actions and plans to reduce emissions *

Scope 1 Actions

own facilities

Yes

Our current work premises is a listed building and therefore structural adaptations cannot be made such as replacing windows etc. We hope 2024 scope 1 emissions will be less than 2023 due to using one premises rather than two.

own vehicles

N/A

Our company does not own any company vehicles

own processes

N/A

We do not have any internal processes that contribute emissions

scope 2 actions

purchased electricity

No

Our electricity is 100% renewable via our provider.

purchased steam

N/A

There is no steam used in our facility

purchased heating

N/A

We have now moved to a new premises that is heated by its own natural gas combustion boiler.

purchased cooling

N/A

There is no cooling in our facility

scope 3 actions

supply chain related (upstream)

purchased good and services

*

Yes

We will actively be seeking to only engage with third parties that have active climate plans where possible.

capital goods

*

No

Any capital goods spend is always likely to be minimal

fuel and energy related activities

*

Yes

We will ensure devices are turned off and that we do not waste energy unnecessarily

transportation and distribution (upstream)

*

No

Our only upstream transportation would be the travel of suppliers to our premises which we will have covered within Purchased Goods and Services.

waste in operation

*

Yes

We produced minimal waste due to being a small team of 6 however we will begin composting our organic/food waste.

business travel

*

Yes

Our business travel policy is to use the least carbon impacting method possible as well as taking all possible opportunities to remove travel all together by using video conferencing where possible.

employee commuting

*

No

Employee commuting is already kept to a minimum due to most staff working from home 40 - 60% of the time.

upstream leased assets

*

N/A

We have no leased assets

customer related (downstream)

transportation and distribution (downstream)

*

N/A

N/A

processing of sold products

*

N/A

We provide funding, not a product

use of sold products

*

N/A

As above

end-of-life treatment of products

*

N/A

As above

leased assets (downstream)

*

N/A

We do not lease assets

franchises

*

N/A

N/A

investments

*

Yes

Our focus with our investment strategy will be on seeking investments with the lowest carbon footprint, wherever possible.

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:

*

1. Providing funding to the Rainforest Trust 'Save the Brazilian Amazon' project which is expected to store carbon in the ecosystem to an amount 648,507,695 metric tons of CO2 equivalents for the entire project. Our grant equates to 15.5% of the total project cost, so we have assigned 15.5% of the CO2 stored – which will be 100,750,710 metric tons of CO2e. 2. We have made a significant grant to the Ashden Let's Go Zero Schools decarbonising program where the goal is to have all schools on comitted to being net zero by 2030. This is likely to have a CO2 benefit in the region of 100million tonnes and so we will attribute a % of that against our contribution once we have more accurate figures from Ashden. 3. We currently fund 4 separate programs with Cranfield University. The Brian Meredith Net Zero Scholarship Fund, The Future Frontiers Fund, The Technology Accelerator Fund and the Entrepreneurship Fund. All of these are aimed at supporting technological innovative ideas that are aimed at fixing our climate. It is difficult to put a projected CO2e benefit to these funds as they will vary but we are working on developing this data with Cranfield University. 4. We currently own two land parcels in the Bedford area that we have purchased via our 'adjoining' charity The Nature Recovery Project. We are using these land parcels for re-wilding and tree growing in partnership with the Forest of Marston Vale. To date we have planted 300,000 trees and shrubs. Our aim is to continue to procure further suitable plots of land as they become available. 5. We have invested funds with Zero Carbon Capital who target Pre-Seed and Seed investments supporting entrepreneurs and scientists in the fight for the future of our planet

Methodology used to assess these as climate solutions:

*

Our approach is to work with credible partners who are the experts. So far these are The Rainforest Trust, Cranfield University, Ashden Climate Solutions & The Forest of Marston Vale. Our due diligence process used when considering new projects includes understanding the impact of the project, particularly the estimated CO2e benefits.

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?

*

Yes

provide details of the project/s you invest in:

*

These are listed above.

how are they quality secured?

*

This is covered above

which value do they represent (in usd)?

*

20.095 million USD 15.837 million GBP

Management and strategy (optional) *

Results, challenges and outlook *

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