NEWS & UPDATES
NEWS & UPDATES
Veran Performance Net Zero Commitment
Our Commitment to Net-Zero
Climate change is the most significant global challenge facing the population, requiring collaborative and conscious efforts from us all to make the necessary changes to limit global warming.
As part of our social value statement, Veran has committed to achieving net-zero carbon emissions by 2025, an ambitious target that we have embedded within company strategy and internal policy to ensure everyone at Veran is in it together.
Veran’s GHG Emissions
To understand the environmental impact of our work, Veran uses the GHG Protocol to calculate our emissions footprint. This focusses on emissions across three scope areas:
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Emissions produced by the direct combustion of fuel
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Emissions resulting from indirect combustion of fuel to produce electricity, heat and steam
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Emissions produced indirectly (e.g. business travel, products and services, commuting)
Veran does not contribute to any emissions that fall under scope are 1.
Our office in London Bridge is leased to us by Workspace, who are committed to reducing their emissions and complete GHG emission assessments themselves, using this data to set themselves targets which we work with them to achieve. Our office uses 100% renewable energy provided by EDF. With this in mind, our emissions for scope 2 are captured at a 0 rate of emissions.
100% of Veran’s GHG emissions fall under scope 3, and our emissions per FTE is 0.1215 tonnes CO2e. Understanding our emissions impact is the first step to identifying actionable improvements, and the continuous review of our emissions forms the foundations for supporting our reduction strategy.
Veran's Emission Reduction Strategy
To meet our target of net-zero GHG emissions by 2025, we will focus on targeting the following areas:
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Ways of working – Continuously review the emissions produced by Veran and implement changes to reduce them. This includes focussing on keeping business travel and commuting emissions low, and addressing the impact of our increasingly online ways of working.
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Waste - Reduce all waste produced by business activities, encouraging reuse and recycling where possible.
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Supply chain – Identifying and prioritising suppliers who align with our net-zero strategy
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Offsetting as a last resort – Offset all remaining operational and value chain emissions through high-quality schemes
Assessment methodology: Greenhouse Gas Protocol, a Corporate Accounting and Reporting Standard (revised edition, 2004);
An assessment leveraging Corporate Value Chain (Scope 3) Standard is yet to be finalised. Estimates where emissions are stated per FTE of 0.1215 tonnes CO2e account for initial assumptions made in relation to corporate value chain.