Publication date: 22/08/2024
Commitment to achieving Net Zero
Reliance High Tech Ltd is committed to achieving Net Zero emissions by 2030.
Baseline Emissions Footprint
Baseline emissions are a record of the greenhouse gases that have been produced in the past and were produced prior to the introduction of any strategies to reduce emissions. Baseline emissions are the reference point against which future emissions reduction can be set.
| Baseline Year: 2020 | |
| Additional Details relating to the Baseline Emissions calculations. | |
| The baseline reporting is from 2020 which will be heavily influenced by COVID restrictions. The calculation is based upon our Co2 from our fleet and power usage at our offices. We also capture water consumption as part of our environmental reporting but this is not included in the Net Zero calculations | |
| Baseline year emissions: | |
| EMISSIONS | TOTAL (tCO2e) |
| Scope 1 | 270 |
| Scope 2 | 87 |
| Scope 3(Included Sources) | Not currently measured. |
| Total Emissions | 357 |
Current Emissions Reporting
| Reporting Year: 2023 – 2024 | |
| EMISSIONS | TOTAL (tCO2e) |
| Scope 1 | 293 |
| Scope 2 | 65 |
| Scope 3(Included Sources) | Not currently measured. We shall measure: 6.Business Travel Emissions (non-fleet as that is captured in Scope 1), 4. Upstream transportation and distribution and 9. Downstream transportation and distribution 1st April 2024.We are intending to measure 7. Employee commuting from 1st April 2025 We are intending to measure 5. Waste generated in operations 1st April 2028 The reasons for this phased approach are many. The primary one being the ability to measure and as an SME the commercial costs of implementation of such systems. 6. Business Travel. Our proposed expense tracking system has not been implemented due to software constraints. We are reviewing revised options – date TBC4 + 9 Will be captured via our new asset tracking system which was launched end of Dec-23. Note Dec 24 is an aspirational target.Employee commuting is targeted for 2025. We will need to consult with employees in order to capture this data. With the above projects taking priority we have limited resources to implement this in the timeframe5. Operational waste. Aspirational target for 2028. We would like assistance to understand how this can be captured and what tools are available. |
| Total Emissions | 358 |
Emissions reduction targets
We have rebased our carbon plans to account for the unplanned reductions in emissions in 2020/2021 due to COVID restrictions. In order to continue our progress to achieving Net Zero, we have adopted the following carbon reduction targets.
We project that carbon emissions will decrease over the next five years by 45 tCO2e per annum. This is a reduction of 10% on the baseline
Progress against these targets can be seen in the graph below:
Carbon Reduction Projects
Completed Carbon Reduction Initiatives
The following environmental management measures and projects have been completed or implemented since the remeasured 2020 baseline. The carbon emission reduction achieved by these schemes equate to 88 tCO2e, a 19.5% reduction against the remeasured 2020 baseline and the measures will be in effect when performing the contract.
We hold ISO14001 Gold certification and operate an Integrated Management System. The business is committed to reducing its environmental impact as far as it possibly can and have reduced consumption across the estate.
The entire Board of Directors have swapped to electric vehicles, and we are encouraging our “grey” fleet (those with car allowances) to convert to electric where possible. Our main fleet of vans are unable to go electric as yet due to practical constraints. We replaced 60% of our fleet in FY23 to more fuel efficient vehicles and these are showing a reduction of CO2 per vehicle. Business growth however is pushing the total value up as we have increased our total business by over 30% in year.
We continue to promote the usage of cloud based technologies to our customer base. This reduces environmental impact by reducing the manufacturing costs of equipment, the distribution and installation thereof and also allows remote access, thereby minimising the environmental impact of engineer visits.
In July 2024, we took a significant step towards environmental sustainability by relocating our head office in Bracknell to a new, energy-efficient building. Before the end of the year, we will install solar panels to further
reduce our carbon footprint and lower energy consumption. Additionally, we have invested in electric vehicle charging stations at both our Bracknell and Manchester offices, promoting cleaner transportation for our employees and visitors.
In the future we hope to implement further measures such as:
The target is that within 5 years, assuming that the technology has progressed sufficiently, our entire fleet will be electric.
That by 2027 50% of our service calls can be done remotely, reducing travel.
The implementation of a new service dispatch platform by 2024 which will promote the most environmentally friendly routes to customer sites.
By 2027, working with our landlords, all electricity is sourced sustainably. Within 2023 our main office has now had solar panels installed which will impact 2024 numbers onwards.
Carbon offsetting will be in place where we are unable to have zero emissions.
Declaration and Sign Off
This Carbon Reduction Plan has been completed in accordance with PPN 06/21 and associated guidance and reporting standard for Carbon Reduction Plans.
Emissions have been reported and recorded in accordance with the published reporting standard for Carbon Reduction Plans and the GHG Reporting Protocol corporate standard and uses the appropriate Government emission conversion factors for greenhouse gas company reporting.
Scope 1 and Scope 2 emissions have been reported in accordance with SECR requirements, and the required subset of Scope 3 emissions have been reported in accordance with the published reporting standard for Carbon Reduction Plans and the Corporate Value Chain (Scope 3) Standard.
This Carbon Reduction Plan has been reviewed and signed off by the board of directors.
Signed on behalf Reliance High Tech Ltd:
………………………………………………………….. David Walton CFO
Date: 22/08/2024
