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The Fenway Group 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

*

1

Commitment And Targets *

net zero target year

*

2050

Base year

*

2023

comment on your net zero targets

*

We originally committed to nett zero by 2050, with 2023 being our first full year of monitoring and therefore our baseline year. We have included the period from October to December 2022 within the 2023 results and would anticipate reporting by calendar year hereafter. We have been utilising offsetting while gathering our initial data, in order to mitigate emissions and footprint. Through offsetting, we have achieved a nett zero year in 2023. Our carbon avoidance through offsetting totalled 11.09 tons CO2e for the period October 2022 to December 2023 inclusive.

near-term scope 1 target

*

5

target year

*

2050

near-term scope 2 target

*

5

target year

*

2050

near-term scope 3 target

*

90

target year

*

2050

comment on your near-term targets

*

Scope 1, 2 and 3 targets are estimates only, on the basis of some typical examples found through research. Our first year of emissions tracking, 2023, has been based on financial transactions and, due to the way that the data is processed and presented within the portal that we have used, some of the scope allocation will need to be refined for future reporting. We therefore anticipate revisiting the scope 1, 2 and 3 target breakdown as we gather more meaningful data.

Own emissions *

scope 1 emissions

scope 1 emissions (metric tons co2e)

*

0.0

own facilities

*

Not measured

own vehicles

*

N/A

own processes

*

Not measured

scope 2 emissions

scope 2 emissions (metric tons co2e)

*

0.0

purchased electricity

*

Not measured

Renewable electricity (%)

-

purchased steam

*

N/A

Renewable electricity (%)

-

purchased heating

*

Not measured

Renewable electricity (%)

-

purchased cooling

*

N/A

Renewable electricity (%)

-

Comment on your energy consumption

*

In our first year of monitoring, 2023, all potential scope 1 and 2 emissions have been processed as scope 3 due to the way that we pay for our workspace facilities, services and utilities and the transaction-based tracking system and portal used. We will seek to address this in future measuring, monitoring and reporting.

Value chain emissions (optional) *

scope 3 emissions

scope 3 emissions (metric tons co2e)

*

8.485

supply chain related - upstream emissions

purchased goods and services

*

7.3710

metric tons CO2e

capital goods

*

1.1140

metric tons CO2e

fuel and energy related activities

*

N/A

transportation and distribution (upstream)

*

N/A

waste in operations

*

N/A

business travel

*

N/A

employee commuting

*

N/A

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

*

N/A

end-of-life treatment of products

*

N/A

leased assets (downstream)

*

N/A

franchises

*

N/A

investments

*

N/A

describe the calculation methodology and comment on accuracy:

*

In our first year of monitoring, 2023, all carbon emissions figures have been calculated via a free-to-access portal on the basis of financial transactions. This has provided a useful start point but in compiling this, our initial report, we have started to appreciate the weaknesses in the data that we hold. We anticipate that we will need 3-5 years of data before having a meaningful foundation upon which to build, albeit carbon reduction and mitigation actions are in place in the interim. In summary, whilst we believe that all scope 3 emissions are included within the figures provided here, the categorisation requires refinement.

Actions and plans to reduce emissions *

Scope 1 Actions

own facilities

Yes

Our scope to reduce emissions associated with our workplace is limited, due to the way that it is managed by third parties but we are exploring options to influence and, in the mid-term, will consider relocating. As noted elsewhere in this report, due to the limitations of the platform used to create our baseline year reporting, 2023, and the nature of our payments relating to the operation and maintenance of our workspace, all associated costs have been logged as third-party supply chain scope 3 costs, which we will address.

own vehicles

N/A

-

own processes

Yes

We are overhauling all of our processes, our route-to-market and our client proposition.

scope 2 actions

purchased electricity

Yes

Our scope to reduce emissions associated with our workplace is limited, due to the way that it is managed by third parties but we are exploring options to influence and, in the mid-term, will consider relocating. As noted elsewhere in this report, due to the limitations of the platform used to create our baseline year reporting, 2023, and the nature of our payments relating to the operation and maintenance of our workspace, all associated costs have been logged as third-party supply chain scope 3 costs, which we will address.

purchased steam

N/A

-

purchased heating

Yes

Our scope to reduce emissions associated with our workplace is limited, due to the way that it is managed by third parties but we are exploring options to influence and, in the mid-term, will consider relocating. As noted elsewhere in this report, due to the limitations of the platform used to create our baseline year reporting, 2023, and the nature of our payments relating to the operation and maintenance of our workspace, all associated costs have been logged as third-party supply chain scope 3 costs, which we will address.

purchased cooling

N/A

-

scope 3 actions

supply chain related (upstream)

purchased good and services

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

capital goods

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

fuel and energy related activities

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

transportation and distribution (upstream)

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

waste in operation

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

business travel

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

employee commuting

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

upstream leased assets

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

customer related (downstream)

transportation and distribution (downstream)

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

processing of sold products

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

use of sold products

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

end-of-life treatment of products

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

leased assets (downstream)

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

franchises

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

investments

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

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) *

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

*

No

Management and strategy (optional) *

Results, challenges and outlook *

The Fenway Group Limited's Climate Report

The Fenway Group Limited's Climate Report - 2023

Introduction *

reporting year

*

2023

number of employees in the reporting year

*

1

Commitment And Targets *

net zero target year

*

2050

Base year

*

2023

comment on your net zero targets

*

We originally committed to nett zero by 2050, with 2023 being our first full year of monitoring and therefore our baseline year. We have included the period from October to December 2022 within the 2023 results and would anticipate reporting by calendar year hereafter. We have been utilising offsetting while gathering our initial data, in order to mitigate emissions and footprint. Through offsetting, we have achieved a nett zero year in 2023. Our carbon avoidance through offsetting totalled 11.09 tons CO2e for the period October 2022 to December 2023 inclusive.

near-term scope 1 target

*

5

target year

*

2050

near-term scope 2 target

*

5

target year

*

2050

near-term scope 3 target

*

90

target year

*

2050

comment on your near-term targets

*

Scope 1, 2 and 3 targets are estimates only, on the basis of some typical examples found through research. Our first year of emissions tracking, 2023, has been based on financial transactions and, due to the way that the data is processed and presented within the portal that we have used, some of the scope allocation will need to be refined for future reporting. We therefore anticipate revisiting the scope 1, 2 and 3 target breakdown as we gather more meaningful data.

Own emissions *

scope 1 emissions

scope 1 emissions (metric tons co2e)

*

0.0

own facilities

*

Not measured

own vehicles

*

N/A

own processes

*

Not measured

scope 2 emissions

scope 2 emissions (metric tons co2e)

*

0.0

purchased electricity

*

Not measured

Renewable electricity (%)

-

purchased steam

*

N/A

Renewable electricity (%)

-

purchased heating

*

Not measured

Renewable electricity (%)

-

purchased cooling

*

N/A

Renewable electricity (%)

-

Comment on your energy consumption

*

In our first year of monitoring, 2023, all potential scope 1 and 2 emissions have been processed as scope 3 due to the way that we pay for our workspace facilities, services and utilities and the transaction-based tracking system and portal used. We will seek to address this in future measuring, monitoring and reporting.

Value chain emissions (optional) *

scope 3 emissions

scope 3 emissions (metric tons co2e)

*

8.485

supply chain related - upstream emissions

purchased goods and services

*

7.3710

metric tons CO2e

capital goods

*

1.1140

metric tons CO2e

fuel and energy related activities

*

N/A

transportation and distribution (upstream)

*

N/A

waste in operations

*

N/A

business travel

*

N/A

employee commuting

*

N/A

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

*

N/A

end-of-life treatment of products

*

N/A

leased assets (downstream)

*

N/A

franchises

*

N/A

investments

*

N/A

describe the calculation methodology and comment on accuracy:

*

In our first year of monitoring, 2023, all carbon emissions figures have been calculated via a free-to-access portal on the basis of financial transactions. This has provided a useful start point but in compiling this, our initial report, we have started to appreciate the weaknesses in the data that we hold. We anticipate that we will need 3-5 years of data before having a meaningful foundation upon which to build, albeit carbon reduction and mitigation actions are in place in the interim. In summary, whilst we believe that all scope 3 emissions are included within the figures provided here, the categorisation requires refinement.

Actions and plans to reduce emissions *

Scope 1 Actions

own facilities

Yes

Our scope to reduce emissions associated with our workplace is limited, due to the way that it is managed by third parties but we are exploring options to influence and, in the mid-term, will consider relocating. As noted elsewhere in this report, due to the limitations of the platform used to create our baseline year reporting, 2023, and the nature of our payments relating to the operation and maintenance of our workspace, all associated costs have been logged as third-party supply chain scope 3 costs, which we will address.

own vehicles

N/A

-

own processes

Yes

We are overhauling all of our processes, our route-to-market and our client proposition.

scope 2 actions

purchased electricity

Yes

Our scope to reduce emissions associated with our workplace is limited, due to the way that it is managed by third parties but we are exploring options to influence and, in the mid-term, will consider relocating. As noted elsewhere in this report, due to the limitations of the platform used to create our baseline year reporting, 2023, and the nature of our payments relating to the operation and maintenance of our workspace, all associated costs have been logged as third-party supply chain scope 3 costs, which we will address.

purchased steam

N/A

-

purchased heating

Yes

Our scope to reduce emissions associated with our workplace is limited, due to the way that it is managed by third parties but we are exploring options to influence and, in the mid-term, will consider relocating. As noted elsewhere in this report, due to the limitations of the platform used to create our baseline year reporting, 2023, and the nature of our payments relating to the operation and maintenance of our workspace, all associated costs have been logged as third-party supply chain scope 3 costs, which we will address.

purchased cooling

N/A

-

scope 3 actions

supply chain related (upstream)

purchased good and services

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

capital goods

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

fuel and energy related activities

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

transportation and distribution (upstream)

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

waste in operation

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

business travel

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

employee commuting

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

upstream leased assets

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

customer related (downstream)

transportation and distribution (downstream)

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

processing of sold products

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

use of sold products

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

end-of-life treatment of products

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

leased assets (downstream)

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

franchises

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

investments

*

Yes

We are overhauling all of our processes, our route-to-market and our client proposition. Additionally, we are reviewing our procurement policies and criteria.

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) *

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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