- Carbon Neutral by 2022 and thereafter
- 50% reduction of carbon emission intensity by 2030
- Achieve Net Zero by 2040
FY22 Climate Action Progress
We recently completed our carbon footprint measurement for FY22*. We are proud to have achieved a 3% reduction in absolute emissions and an 18% reduction in intensity (tCo2e/mil£ sold) vs FY21. Our total emissions were 5,998.41 tCo2e with a 169 tCo2e/mil£ intensity-based.
How did we achieve this? We cut our inbound air freight to zero, resulting in a 97% decrease in emissions - a great result given the complexities of the current global supply chain. We also achieved a 9% reduction in emissions from chemicals purchased for product manufacturing and a 13% reduction in emissions from packaging purchased.
We continue our journey to Net Zero by 2040 and, in addition to the above reductions, have offset our total emissions in FY22 and have been re-verified as Carbon Neutral company for the second year in a row.
*3rd party calculated and assured by Avieco (part of Accenture) for the period October 2021 to September 2022.
WHAT IS VERIFIED CARBON NEUTRAL?
To be considered carbon neutral, a company must measure its carbon emissions for the entirety of its business, set a plan for reduction and offset the balance. A 3rd party accredited carbon expert must verify all the data in line with international standards (GHG Protocol and PAS 2060) and, if all conditions are met, issue a certification.
The 5,998.41 tC02e we emitted in FY22 were offset equally between three projects - Rimba Raya (biodiversity reserve project), Keo Seima Wildlife Sanctuary (reduced emissions from deforestation and degradation) and Cookstoves in Uganda (avoiding carbon being released from cooking and improving health for local women).
You can view the assurance documentation here.
OUR NEW INNOVATION CENTRE
We’ve come a long way from our humble beginnings in a shed. In 2022, we moved all of our manufacturing, distribution, R&D and supply chain teams to our new, state-of-the-art HQ near Aylesbury.
Apart from the many operational benefits, the IC will also significantly contribute to saving energy as well as reducing our emissions and operational waste.
It features a solar array on the roof, electric charging points for employees and a reverse osmosis machine which will help to save water.
LESS AIR FREIGHT
As part of our carbon neutral certification, we have identified air freight as a key area where we can reduce our emissions fast. In FY22, we reduced our carbon emissions from transportation, simply by shipping more by boat and road than by air.
This not only benefits the planet, but also Medik8 as a business.
100% RENEWABLE ENERGY
Since 2018, we have only purchased renewable energy to power our manufacturing site and offices.
As of September 2022, when we moved to our new Innovation Centre, we became virtually zero across Scopes 1 and 2 (direct) emissions.
We are constantly investigating how we can support more direct renewable energy generation, such as via additional solar panel installations and wind turbines.
Joining The Climate Pledge
To further cement our commitment to decarbonisation, we also recently joined nearly 400 companies as signatories of The Climate Pledge. Co-founded by Amazon and Global Optimism in 2019, The Climate Pledge marks an official agreement by companies to reach net-zero carbon emissions by 2040 - a decade ahead of the Paris Agreement goal of 2050. Signatories of The Climate Pledge agree to:
● Measure and report greenhouse gas emissions on a regular basis
● Implement decarbonisation strategies in line with the Paris Agreement through real business changes and innovations (e.g. efficiency improvements, renewable energy, or materials reductions)
● Neutralise any remaining emissions with additional, quantifiable, permanent, and socially-beneficial offsets