Our 2024 Carbon Reduction Plan

Carbon Reduction Plan FYE 31/12/2024 Publication date: 19/04/2024

Commitment to achieving Net Zero

V-M Orthotics Ltd first achieved Net Zero emissions in 2019 (according to the baseline emissions calculated at that point) and is committed to maintaining this status in future, taking into account all the requirements of PPN 06/21.

Baseline Year: 2021
Additional Details relating to the Baseline Emissions calculations.
Scope 3 emissions reporting limited to waste generated in UK operations
Baseline year emissions:
EMISSIONSTOTAL (tCO2e)
Scope 10
Scope 21.73
Scope 30.0883
(Included Sources)(limited to emissions from management of waste generated from operations in the UK)
Total Emissions1.82
Reporting Year: 2022
Revised baseline emissions reporting
EMISSIONSTOTAL (tCO2e)
Scope 10
Scope 21.57
Scope 331.38
(Included Sources as below)
Total Emissions32.95

Latest Emissions Reporting

Reporting Year: 2023
Revised baseline emissions reporting
EMISSIONSTOTAL (tCO2e)
Scope 10
Scope 21.49
Scope 327.08
(Included Sources as below)
Total Emissions28.57

 

Emissions reduction targets

We have extended our original carbon reporting in 2022 and now include relevant Scope 3 emissions:

  • Business travel
  • Employee commuting
  • Waste generated in operations
  • Upstream transportation and distribution
  • Downstream transportation and distribution

Although 2021 was in reality our baseline year, we will use the 2022 reported figures as our baseline for target setting and monitoring, as this provides us with a more accurate picture of our overall impact.

We will be moving to larger premises in 2025 (originally planned for late 2024) and will be increasing our staff count as part of this process. Our sales are also increasing year on year, with a target of doubling 2020 sales by 2040. As a result, it would normally be expected that our emissions, particularly those relating to upstream and downstream distribution, would increase in line with these ambitions. It would be unrealistic to expect to be able to reduce all our emissions based on this projected growth, and therefore we will instead aim to implement measures to maintain overall emissions at levels no higher than the 2022 figures. At the same time, we will actively aim to reduce the emissions which are within our control.

This means that our actual carbon emissions will remain at no higher than 32.95 tC02e. We will continue to offset these emissions through funding tree planting with the Woodland Trust, so that trees are planted in the UK and maintained through their full lifespan. We will therefore continue to maintain our current net zero status.

We will also look at taking advantage of any other initiatives that will have a positive impact on our emissions reduction targets.

Carbon Reduction Projects

 Completed and Ongoing Carbon Reduction Initiatives

  • We have funded the planting of 30 trees since the 2023 calculated figure. This is based on the Woodland Trust’s estimate that one tree will offset one tonne of carbon during its lifespan. The total carbon offsetting achieved through this scheme to date equates to 65 tC02e.
  • We continue to reduce our energy consumption through managing our heating more effectively
  • We continue to purchase energy from 100% renewable sources
  • The impact of employee commuting to work by car reduced by 0.56 tC02e in 2023, significantly more than we had anticipated
  • We aimed to reduce the waste generated from our operations to 5.66 tonnes (a reduction of 10% on our 2022 figures). We did not achieve this reduction because of a decision to dispose of old stock of a particular product, which increased the volume of waste sent for recycling
  • We continue to use technology wherever possible for meetings, training activities and so on, and have recently invested in technology to improve the quality of our online meetings. We ensure that car-sharing or public transport are used whenever practical for business travel that is necessary for in-person meetings and events
  • We will continue to aim to reduce our carbon impact as far as possible and will offset all remaining carbon emissions while performing all our operations, including the delivery of publicly-funded contracts.

Future Carbon Reduction Initiatives

In order to try to reduce our emissions as far as possible, we will implement the following measures over the next five years:

  • Our new office and welfare accommodation will be significantly more energy efficient than our existing premises, and photovoltaic panels will be installed on the warehouse building roof to meet at least part of our energy demand. We anticipate that we will not now be able to move in to the new building until early 2025.
  • We will increasingly aim to co-load goods from different suppliers based in China and other long-distance sources, in order to reduce the carbon impact of our freight shipping activity.  We will also order larger quantities of goods less frequently so that container capacity is utilised to the fullest extent possible, as we can manage the impacts of storage here in the UK more effectively than the indirect impacts associated with freight transport
  • We will try to source suppliers closer to the UK to reduce the distance that our manufactured goods However, we recognise that we will have to balance this carefully against the potentially increased impacts associated with transporting goods from Europe (for example) by other means than long-distance ocean transport. We will ensure that wherever possible our upstream distribution is by rail and sea rather than road or air transport. This is not practical for downstream distribution at present, as almost 100% of our sales are UK-based.
  • We are examining the potential for using an ECO Delivery scheme to reduce the carbon emissions associated with shipping stock from China. This scheme is externally verified and provides certificates to show the carbon savings achieved.

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 standard1 and uses the appropriate Government emission conversion factors for greenhouse gas company reporting2

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) Standard3

This Carbon Reduction Plan has been reviewed and signed off by the board of directors (or equivalent management body).

17.04.24

1https:f/ghgprotocol.org/corporate-standard  2https://www,gov.uk/governmentcollections/governmentconversionfactorsforcompanyreporting   3https://ghgprotocol.org/standards/scope3standard.