Carbon Reduction Plan
Commitment to achieving Net Zero
CoCo Global is committed to achieving Net Zero Greenhouse Gas (GHG) emissions at the latest 2050 in accordance with PPN 06/21.
CoCo Global has selected 2023/2024 as the baseline year for emissions and this Carbon Reduction Plan (CRP) will set out targets and actions to achieve such targets by the latest 2050.
Meeting Reporting Requirements
This CRP has been composed in accordance with PPN 06/21 and will be reviewed annually in line with the CoCo Global financial year which ends 30th April
of each year.
Carbon Footprint Methodology
CoCo operates a remote only working model and has chosen to follow the ecoact Homeworking emissions Whitepaper 2020 as a methodology.
Key assumptions include:
· 140W equipment per employee
· 10W lighting per employee
· 5kWh incremental heating per employee per heating month
Detailed assumption can be found here Homeworking Emissions Whitepaper 2020.pdf
Baseline Emissions
Baseline Emissions Footprint
This is the first CRP produced by CoCo Global. Next report due July 2025
Baseline Year: May 2023 - April 2024
Additional Details relating to the Baseline Emissions calculations.
CoCo Global do not have an office in the UK and staff are exclusively work from home.
CoCo Global is a relatively new company and is growing in employee size. Our baseline year saw us grow by 13 (30%) in 12 months and we continue to grow. This continued growth will see an increase in Carbon emissions but we are committed to achieving net zero by 2050.
CoCo Global are a services company. CoCo do not produce or ship anything and do not have their own premises therefore Scope 1 and Scope 2 are reported as 0.00
Baseline year emissions: 23/24
EMISSIONS: TOTAL (tCO2e)
Scope 1: 0
Scope 2: 0
Scope 3 : 51,669.45 tCO2e
(Included Sources)
4. Upstream transportation & distribution 0.0*
5. Waste generated in operations 0.0**
6. Business travel 2.79
7. Employee teleworking
9. Downstream transportation & disruption 0.0*
· This is a service-based business with no physical products being monitored
· **This is an office-based business with no formal waste monitoring and negligible emissions arising from waste generated
Emissions Reduction targets
In order to continue our progress to achieving Net Zero, we have adopted the following carbon reduction targets.Carbon reduction targets to help drive CoCo Global in achieving Net Zero emissions:· Next 5 years to 2029: Target 50% · Period to 2035: Target 70% · Period to 2040: Target 90% · Period to 2050: Target Reduction to Net ZeroThe targets assume that certain actions can be taken immediately, but that reduction to zero will take place in the long term due to potential requirements for investment in green energy solutions and associated funding which will be required to implement this action.The impact of carbon reduction projects which will be undertaken and progress against these targets can be seen in the graph opposite:
Carbon Reduction Projects and Actions
The following projects will be undertaken to help CoCo Global reduce to Net Zero emissions.
Scope 3: Indirect Emissions (Transportation, Business Travel and Waste Generation)
Employee Commuting:
- Where possible, encourage employees to cycle to client sites or office days
- Promote the use of public transport rather than road travel
- Where road travel is required, explore the possibility of utilising EVs
Business Travel
- Encourage employees to avoid travel and hotel stays where possible with preference of remote meetings and workshops where possible
- Promote and encourage the use of public transport rather than road travel where possible
- Encourage employees to use shortest routes possible for air travel where required with consideration of options with the least CO2 emissions
Hotel Stays
- Encourage employees to avoid travel and hotel stays where possible with preference of remote meetings and workshops where possible
- Give preference to hotels with the highest green ratings
- Give preference to hotels where commuting will be kept to an overall minimum during a stay
Employee behavioural change
- Share carbon footprint data with employees on a frequent basis to make them aware of the company’s progress against carbon reduction targets
- Provide employees with regular updates on newest carbon reduction actions which can be taken to help reduce carbon emissions at an individual level.
- Request employees regularly to shut down IT equipment when not in use by sending frequent reminders.
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 the board of directors.
Mark Carter (Director and Co-Owner)
Chris Coe (Director and Co-Owner)