Carbon Reduction Plan

Carbon reduction plan Commitment to achieving net zero The King’s Fund is committed to achieving net-zero emissions by 2050. [...] Baseline emissions footprint Baseline year: 2022 2022 was the first year that The King’s Fund reported its emissions: it therefore forms its carbon emissions baseline and first reporting period. [...] Baseline year and first reporting period emissions: EMISSIONS TOTAL (tCO2e) Scope 1 156.2 Scope 2 109.3 (market-based) Scope 3 (included sources) 1,209.7 Total emissions 1,475.2 Emissions reduction targets To continue our progress towards achieving net zero, we have adopted the following carbon reduction targets. • We project that carbon emissions will decrease over the next five y [...] • By 2030 we aim to have reduced our carbon emissions by 50% compared with our baseline year. [...] Carbon reduction projects Completed carbon reduction initiatives The following environmental management measures and projects were completed or implemented before the 2022 baseline. [...] Future carbon reduction initiatives • By 2030 we plan to implement the following measures. • Review and improve building insulation and lagging. [...] • Engage with key suppliers to improve operational data capture and progress towards decarbonisation of our supply chain. [...] • Replace catering gas cookers with electric induction hobs and ovens. • Improve data capture across all relevant emissions-reporting categories. • Progress engagement with staff about the carbon reduction plan and their role in reducing emissions. Declaration and sign-off This carbon reduction plan has been completed in accordance with PPN 06/21 and associated guidance and reporting stand [...] Scope 1 and Scope 2 emissions have been reported in accordance with Streamlined Energy and Carbon Reporting 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. [...] This carbon reduction plan has been reviewed and signed off by the senior management team.