Carbon Reduction Plan
This Carbon Reduction Plan was approved by the Board on 17 January 2023. It is next due for review in January 2024.
Commitment to achieving Net Zero
270 Vision Ltd (the Company) is committed to achieving Net Zero emissions by 2050.
Baseline Emissions Footprint
| Baseline Year: 2022 | |
| Baseline year emissions: The Company has no previous emissions reduction commitment, so we are providing our organisation’s first carbon footprint and targets for our organisation. | |
| EMISSIONS | TOTAL (tCO2e) |
| Scope 1 | Company Facilities: the employees are all homebased. Company Vehicles: the employees do not have company vehicles. There are no emissions from this category included in our emissions data. |
| Scope 2 | The costs of the energy needed for the employees’ home offices are borne by the employees. There are no emissions from this category included in our emissions data. |
| Scope 3 (Included Sources) | Category 4 and 9 upstream and downstream distribution 270 Vision aims to purchase its goods and services from local providers wherever possible. In certain cases, however, components are sourced from China due to lack of alternative providers. These components are batteries (Perma Battery Co) and bespoke straps (Hong Fang Industrial Group Limited). These components are transported by sea to minimise cost and the environmental impact of their transportation. They are delivered directly to Latvia where manufacturing takes place. Both suppliers have been contacted for their CRPs for inclusion in the Company’s CRP. 270 Vision Ltd does not undertake any manufacturing or distribution. These activities are outsourced to a third party, Hanzas Elektronikas SIA, who are responsible for their own carbon reduction plan. They were, however, selected given their operational efficiency and compliance with several ISO standards including the Environmental Management System standard ISO 14001:2015. A CRP has been requested from Hanzas for inclusion in the Company’s CRP. Category 5 waste generated in operations 270 Vision Ltd does not have specific data on the waste generated as an organisation as the employees are home-based. The Company does, however, encourage them to recycle waste materials and consider their work-related purchasing choices wherever possible. Category 6 business travel The employees are not currently travelling for business. Business and Board meetings are conducted virtually via Microsoft Teams and other similar applications. Category 7 employee commuting There are no emissions from this category included in our emissions data as the employees are all home-based. |
| Total Emissions | Zero |
Current Emissions Reporting
| Reporting Year: 2022 | |
| EMISSIONS | TOTAL (tCO2e) |
| Scope 1 | Zero, rationale detailed above |
| Scope 2 | Zero, rationale detailed above |
| Scope 3 (Included Sources) | Zero |
| Total Emissions | Zero |
Emissions reduction targets
In order to continue our progress to achieving Net Zero, the Company has adopted the carbon reduction target of maintaining its carbon emissions at zero over the next five years.
Following a thorough review of the Company’s operational activities, the Senior Management Team has, however, identified a specific future activity that has the possibility of causing carbon emissions which it intends to eliminate.
Specifically, the Company has hitherto used a UK-based rapid prototyping company, Protolabs Ltd, to produce the housings for its sensors. The selection of this supplier was based upon their location and production methods which allowed the housing to be easily modified and produced in limited numbers during its development. This was a far more cost-effective approach for the Company at this stage of the product’s evolution and meant that it did not need to commit to the traditional injection-moulding approach which is both inflexible and initially expensive given the tooling costs involved in producing a mould. In the past the finished housings were then sent to the Company’s manufacturing facility in Latvia which resulted in carbon emissions through their transportation.
The Company last placed an order with this supplier in 2021 and has sufficient remaining stock such that it does not anticipate placing any further orders until late 2024 at the earliest. At this juncture and in the event of a volume order being placed by the NHS, production will be switched to a Latvian moulding company located close to the manufacturing facility engaged by the Company to produce its product and undertake the fulfilment thereof. This will eliminate the carbon emissions previously incurred.
Completed Carbon Reduction Initiatives
As this is the Company’s first submission, it has yet to implement or complete any environmental management measures and projects. It is, however, anticipated that Company activities will increase over the coming year as the business grows and every effort will be made to minimise Company travel and flights by continuing to conduct Business and Board meetings virtually via Microsoft Teams and other similar applications.
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[1] and uses the appropriate Government emission conversion factors for greenhouse gas company reporting[2].
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[3].
This Carbon Reduction Plan has been reviewed and signed off by Jane Gossling, CFO, on 17 January 2023 on behalf of the Board of Directors.
[1]https://ghgprotocol.org/corporate-standard
[2]https://www.gov.uk/government/collections/government-conversion-factors-for-company-reporting