Everoze 2020/21 Carbon Emissions Update
Published September 2021
Everoze started working on a decarbonisation plan for the company’s emissions in 2019 and has committed to both rapidly reduce its own emissions while investing in accelerated carbon removal schemes to achieve effective net-zero emissions. Here an overview of the three steps we are undertaking to ‘walk the talk’ of our company mission to accelerate the transition to a decarbonised energy system.
Step 1: Decarbonisation plan
We will reduce emissions to minimum viable level by 2040 and continue to seek opportunities to accelerate this plan. See here for further details
Since publication of our plan, we have set up monitoring tools to check results against CO2 budget. This also helps to further develop our individual understanding of emissions in our day to day activities including travel and purchases.
We have also calculated our full year emissions for our financial year 2020/21. These were 74.4 tCO2e against a 2019/20 level of 125.6 tCO2e. As 55.4 tCO2e in our 2019/20 calculations were aviation based, and aviation was greatly reduced during the Covid pandemic, the reductions are largely based on movement in this category.
Step 2: Mitigate residual emissions effectively and responsibly
This summer we progressed our mitigation strategy, including:
1. Research and development of a carbon removal assessment approach in various geographies for various areas of removal
2. Develop an evaluation tool for the scheme selection process based on clear set of criteria (conservative approach with margins and buffers at various level, due to the complexity of the topic).
As a result of the work above, we have invested in carbon reduction schemes for our entire emissions for the financial year 2020/2021. We will perform an annual review and monitoring of the selected schemes starting from next year.
Everoze has decided to invest in 4 different schemes in 2020/2021 with an equal share for each. Carbon saved is mostly from non-land-ownership schemes for peat and forests (~70%). Carbon saved from a tropical scheme with fast growing and cheap land costs accounts for 27%. 25% of the invest goes to a non-UK scheme. The individual projects will be presented shortly in individual blogs on Linkedin, and are:
· Forest Carbon (Trees and Peat)
Step 3: Introduce a flight levy
Everoze has introduced a flight levy on new client work contracts involving flights. The levy will share the costs of reducing emissions with the client that is asking for Everoze to undertake the travel on their behalf. Everoze will also engage with clients to consider the most effective ways to reduce the carbon intensity of project related travel. For 2021/22 the levy is £30/€34 each way for a short haul flight and £30/€34 per 1000 km for a long-haul flight.
