Climate Action Plan

Introduction

Our Climate Action Plan outlines our commitment to promoting a positive environmental impact and protecting our planet. We are committed to supporting the global ambition to limit global warming to 1.5°C, in line with the goals of the Paris Agreement, by embedding sustainable practices across our business operations. This plan sets out our baseline, targets, and the actions we will take to reduce our environmental impact. This plan applies to all of our operations and employees and covers our direct activities as well as relevant impacts within our supply chain.

This Climate Action Plan is published on our website and is accessible to all stakeholders, including employees, customers, suppliers, and investors, for transparency and accountability.

Scope and Governance

This Plan has been formally reviewed and approved by the Board of Directors. This Board retains overall accountability for this plan, while all staff are responsible for implementation and performance.

Our Commitment

To support our climate ambitions, we are committed to:

• Monitoring and calculating our current carbon footprint across Scope 1, 2, and relevant Scope 3 emissions, in line with the Greenhouse Gas Protocol as a baseline for setting reduction targets. We are committed to working towards achieving net zero emissions by 2040. We will set interim reduction targets and review progress annually.
• We will reduce Scope 1 and 2 emissions by 25% by 2030 (from our 2026 baseline).
• Implementing energy efficiency measures such as LED lights and improving building energy performance (e.g. insulation, heating, and cooling systems) to the extent possible, and adopting renewable energy solutions. We aim to continue to use 100% renewable electricity.
• Reducing waste by prioritising waste reduction, reuse, and circular economy principles in our operations. We will set measurable waste reduction targets and monitor waste volumes annually. We aim to reduce total waste by 25% by 2030.
• Promoting sustainable travel by encouraging staff to use public transport, our cycle to work scheme, and opt for virtual meetings when possible in line with our Remote Working Policy.
• Reducing business travel by utilising video conferencing and online meetings.
• Raising awareness and embedding environmental considerations into company policies, procedures, and decision-making processes. We have set a target of ensuring 100% of all our staff based in the UK complete Sustainability Training by 2027. We will also encourage employee engagement through internal initiatives and sustainability champions.
• Sustainable procurement practices, by prioritising local suppliers, in addition to those with a climate strategy. We additionally prioritise the use of lower-emitting modes of transport (e.g. sea freight).
• Investing in GHG emissions reduction and removals projects – e.g. by offsetting 10% of our emissions annually.
• Embedding climate considerations into governance structures, with clear roles and responsibilities for delivery and implementation of this plan. Overall accountability for this plan sits with the Board, with day-to-day responsibilities assigned to the Regulatory Officer. Progress will be reviewed at least annually at senior management level.

Resource Allocation

We have allocated the necessary human, technical, and financial resources to deliver our Climate Action Plan effectively:

• Regulatory Officer: to oversee the implementation and coordinate efforts across departments.
• HR: to support employee engagement, training programmes, and embed sustainability into company culture and policies.
• Financial Analyst: to allocate budgets and track sustainability-related expenditure.
• CEO: to integrate sustainability criteria into supplier selection.
• Senior Management team: to provide oversight, ensure accountability, and review progress against targets.

Stakeholder Engagement

We will actively engage with stakeholders to support the delivery of this plan. This includes:

• Employees: through training and internal engagement initiatives.
• Suppliers: by integrating sustainability criteria into procurement.
• Customers: by communicating our progress clearly and transparently.
• Investors and partners: through transparent reporting and ongoing dialogue.

Monitoring, Reporting, and Transparency

We are committed to transparent reporting of our progress against this plan. We will publish annual updates on our emissions, targets, and other relevant key performance indicators, in line with recognised international frameworks. This information will be made publicly available to our stakeholders through the Impact Reports published on our website.

Review

Our Climate Action Plan will be reviewed annually and approved by our Board. Updates or changes to this Plan will be communicated publicly and internally to ensure transparency and alignment with best practices in environmental sustainability and sustainable business conduct.