Our Commitment

Promedics is committed to achieving Net Zero emissions by 2045.

What does Net Zero mean in practice?

To achieve Net Zero, we will be aiming to reduce emissions in line with guidance published by the Science Based Target Initiative (SBTi). Targets can be defined as “science-based” when they align with the scale of reductions required to limit global temperature increases to 1.5°C compared to pre-industrial temperatures. To achieve Net Zero under this scenario, we will need to reduce our absolute emissions by 90% from our baseline year. SBTi also recommends that organisations commit to near-term targets (that cover a minimum of 5 years/maximum of 10 years from the baseline year), as well as long-term targets.

Our near-term targets:

• Reduce our scope 1 emissions by 48% from a 2022 baseline by 2030.
• Reduce our location-based* scope 2 emissions by 48% from a 2022 baseline by 2030.
• Reduce our market-based* scope 2 emissions to zero by 2030.
• Reduce our scope 3 emissions by 42% from a 2023 baseline by 2030.

Our long-term targets:

• Reduce our total scope 1, location-based scope 2 and scope 3 emissions by at least 90% by 2045.
• Neutralise any residual emissions using verified carbon offsets.

Emissions covered by our targets:

• Scope 1 emissions: direct greenhouse gas emissions that occur from sources owned or controlled by a company, such as emissions from the combustion of fuels in on-site boilers, furnaces, or vehicles.
• Scope 2 emissions: indirect greenhouse gas emissions that result from the generation of purchased electricity, steam or other forms of energy consumed by a company.
• Scope 3 emissions: all other indirect greenhouse gas emissions that occur in an organisation’s value chain, including emissions from upstream and downstream activities.

*Purchased electricity can be measured in two ways; the location-based method reflects the average emissions intensity of grids on which energy consumption occurs, whilst the market-based method reflects emissions from the electricity that companies have purposefully chosen (or their lack of choice). A market-based method therefore takes into account the purchase of electricity via a verified renewable energy tariffs. We will report and set targets based on both methods, but our market-based results will be used in final reporting.

Our Carbon Footprint

Baseline Emissions

Baseline emissions are a record of the greenhouse gases that have been produced in the past and were produced before the introduction of any strategies to reduce emissions. Baseline emissions are the reference point against which emissions reduction can be measured. We have set our baseline year for scope 1 and 2 emissions as the 1^st of January 2023 and the 31^st of December 2023.

Carbon intensity metrics are calculated using total market-based results.

Current Emissions

Carbon intensity metrics are calculated using total market-based results.

Carbon Reduction

Our carbon reduction targets

Promedics is committed to achieving Net Zero by 2045. We have also set near targets against which we will track progress to 2030.

Scope 1 Target:  Reduce our scope 1 emissions by 48% from a 2022 baseline by 2030.