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To keep global warming to no more than 1.5°C, as called for in the Paris Agreement – emissions need to be reduced by 45% by 2030 and reach net zero by 2050.

Many businesses are already making great strides to reduce their Impact, and while you can reduce, achieving true carbon neutrality will involve offsetting a certain amount of emissions.

Treeconomy are one of the few companies in the UK that offer credible carbon credits. Backed by principles of PAS 2060 (Carbon Neutrality), they seek to break the greenwashing cycle.

Mel is joined by Harry Grocott, CEO and Co-founder of Treeconomy, to discuss their credible carbon offsetting schemes and the innovative technology they use to help quantify the value of nature.

You’ll learn

• Who are Treeconomy?
• What is the difference between services offered for landowners and Offset buyers?
• Can you quantify the value of nature?
• How can people be sure that they don’t fall prey to Greenwashing?
• How can someone go about buying and monitoring offsetting credits?
• Are Treeconomy’s carbon offsetting schemes verified?

Resources

• Treeconomy
• Sherwood
• ISO 14064
• PAS 2060

In this episode, we talk about:

[00:30] Catch up our episodes covering the Sustainable Development Goals (Part 1 / Part 2), ISO 14064 and PAS 2060.

[01:00] Treeconomy are a company that offer credible carbon offsetting schemes – they are one of the few companies who are recognised by PAS 2060 (the Standard for Carbon Neutrality)

[02:05] Harry Grocott (CEO) introduces Treeconomy –  A nature based, carbon removal and restoration company that operate in the UK and Internationally. They offer schemes that work towards afforestation, peatland restoration, rewilding ect. They are also keen to enable evidencing the impact, developing a software platform, remote sensing, and AI technology to do so.

[03:41] They are part of the Centre for climate change innovation which is an initiative of Imperial College London and the Royal Institution to catalyse innovation of all forms that address the causes and effects of climate change.

[04:22] What is the difference in services for Landowners and Offset Buyers? For landowners, Treeconomy can help you change land use from one to another. I.e changing land used for sheep grazing into something more carbon intensive. Treeconomy will ensure that any project started with them is a verified Carbon Scheme – in-line with the woodland carbon code. Once your project set up has been completed and verified, Treeconomy will assist in the sale of credible carbon credits.

[07:22] For offset buyers: Treeconomy offer a wide range of projects and varyingly priced carbon credits.  

[07:45] Can we quantify the value of nature? Short answer right now is no, but there is a lot of nuance. Nature offers ecosystem services i.e. farms offer a calorific benefit, we can put a price on the value that offers. The same principle applies to resources such as wood or oil. Now we are gaining the ability to quantify CO2 removal, which is undeniably valuable to humanity.

[09:18] Other more recent services such as biodiversity projects are a bit harder to quantify – as they vary so much depending on the country. However, we are starting to assign value to these.

[12:15] How can people be sure that they don’t fall prey to Greenwashing? There are 2 main issues to consider: 1) Are your carbon credits credible? 2) what claims are top management making?

[12:44] Tackling claims made by leadership: ISO standards are starting to solve this issue. There are clear requirements and certifications that need to be in place to back those claims.  

[13:00] Tackling carbon credits: The carbon offsetting market is heavily unregulated currently. Essentially it’s a lot of people trading in invisible gas. There are a number of carbon standards (Not quite at the same level as ISO Standards), such as the Woodland Carbon Code and the Peatland Code, and Internationally there are standards such as Verra VSC – unfortunately, a lot of these standards aren’t very robust and aren’t enforced.

[15:30] Many companies will often look to buy the cheapest offsets available, which are likely to be non-credible and will provide no evidence of actual offsetting occurring. But, there are a lot of new companies emerging that provide tangible evidence of offsetting (such as Treeconomy 😊)

[18:30] How can someone go about buying and monitoring offsetting credits? If you don’t want to use a company like Treeconomy, you would need to directly contact and purchase credits from a company who is developing a project.

[19:23] Treeconomy have created a platform called Sherwood – this displays all the projects they are helping to develop, which also tells you who the landowners are and the carbon inventory attached to each project. It can also help you evidence credits purchased, whether they are historic or future carbon removal.

[21:30] Not many companies offer comprehensive reporting and evidencing of carbon credits in practice. Treeconomy use a range of methods such as drones, satellites and AI programs to report back, and aim to make getting this information as easy as possible for credit purchasers.

[23:20] How did Harry get into this business? Starting off studying geography and Science – he later went onto work in finance for 3 years and qualified as a finance adviser. While working he realised that the amount of money available is rarely the issue, rather the use of it. He saw that there was a large gap in funding for climate change mitigation and adaptation – but not enough money was going towards it. He began wondering why more couldn’t be invested and so decided to study climate change management and finance (partly though Covid), where he met his co-founder. After getting some Government grant funding, investors and landowner partners, they have flourished over the last 3 years.

[27:00] Are Treeconomy’s offsetting schemes verified? Yes – they work under the UK woodland carbon code (and soon the peatland carbon code). They are also working to create a new protocol to tackle rewilding, including how the value and progress can be tracked. Internationally they will be working under Verra.

[29:05]  Treeconomy can help to provide detailed evidence of carbon offsetting thanks to their reporting capabilities, this can be passed onto 3^rd party auditors to verify in-line with any carbon Standard. 

[30:00]  You can find Treeconomy via their website, LinkedIn, Twitter and Instagram 😊 

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This episode is the final part of our 7-part mini-series explaining our Carbonology service, a 7 step methodology to help companies become Carbon Neutral.

This time, our resident Carbonologist David Algar is talking through the seventh step of the Carbonology process, ‘Declare’.

David explains the purpose of a formal declaration, different ways companies can make their declaration, and the different ways you can promote your achievement of carbon neutrality.

You’ll learn

• The purpose of a formal declaration.
• The key outcomes of the ‘Declare’ step.
• The different ways you can make a declaration.
• The pros and cons of doing your declaration internally.
• How long your declaration is valid for.
• Ways to promote achieving carbon neutrality.

Resources

• Davids Calender
• isology Hub
• Blackmores

In this episode, we talk about:

[01:56] A recap of the 7 steps to carbonology.

[04:02] The purpose of having a formal declaration.

[04:57] What the formal declaration involves.

[06:55] Different ways to make a declaration and which one’s most popular.

[08:31] How long your declaration is valid for.

[09:20] The importance of having an unambiguous declaration.

[10:07] The key outcomes and deliverables of the ‘Declare’ step.

[10:43] How publicised your Qualifying Explanatory Statement should be.

[11:27] Ways to promote achieving carbon neutrality.

[13:42] What companies tend to do after achieving carbon neutrality.

[14:23] Why it’s easier making a declaration in the second year.

[15:15] How to find out more information about the 7 step methodology.

[16:02] The importance of data.

If you need assistance with implementing ISO 14064, PAS 2060, or another standard – Contact us!

Don’t forget to download your free ‘Getting Started with Carbonology’ Checklist here:

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

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This episode is the first of our 7-part mini-series explaining our Carbonology service, a 7 step methodology to help companies become Carbon Neutral.

We’re joined by our resident Carbonologist David Algar to talk through the first step of the Carbonology process, Define.

David explains why the define stage is so important, what it entails, and how it works.

You’ll learn

• The seven steps in Carbonology.
• The importance of defining your carbon output.
• How to get a better understanding of your emissions.
• The recommended approach to define the subject and boundaries.
• How to write the introduction for your QES.
• How to become carbon neutral.

Resources

• isology Hub
• Blackmores

In this episode, we talk about:

[02:38] What the seven steps of Carbonology are.

[03:08] The first step to becoming carbon neutral.

[03:52] How the define stage in Carbonology works.

[04:42] What Carbonology boundaries in an organisation may look like.

[06:20] The importance of identifying the people involved with Carbonology work.

[07:00] The type of people that are normally involved with managing the Carbonology standards in a business.

[08:25] How organisations can determine the selection of the subject.

[09:49] Why it’s important to clearly define the subject and your boundaries.

[10:33] The recommended approach to define the subject and boundaries.

[12:17] The outcomes and deliverables that are provided through the define stage.

[13:35] Who the Qualifying Explanatory Statement has to be shared with.

If you need assistance with implementing ISO 14064, PAS 2060, or another standard – Contact us!

David Algar is also available for a free Carbonology consultation until the end of March – Book your slot Here

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Stitcher | Spotify | YouTube |iTunes | Soundcloud

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One of the first steps towards becoming more sustainable is knowing where you currently stand in terms of your emissions. Calculating this may seem like a mammoth task, especially if you have multiple sites or assets such as company vehicles to keep track of.

David Algar joins Mel today to discuss how to calculate your Green House Gas (GHG) emissions, starting from Establishing boundaries through to number crunching and quantification.

What is the first step when embarking on quantifying your GHG emissions?

• One of the first steps is getting leadership commitment – This allows for quicker decision making and the allocation of roles and responsibilities, which really helps with the data collection
• Once you have this leadership commitment, the next steps is to start establishing boundaries.

So how do you define your boundaries?

• There are 2 ways you define your boundaries as specified in ISO 14064-1:
• The first are your organisational boundaries, you’ll need to outline which facilities are included within the quantification. It is not as simple as just saying ‘everything’, you’ll need to specify which sites, buildings, factories etc
• You can define your organisational boundaries via the control approach, so what facilities do you have financial or operation control over? Or the equity share approach, where you account for your portion of emissions and removals from facilities
• The next step is defining your reporting boundaries. This refers to activities and specific sources of GHGs.
• Emission sources are split up into 3 categories; Scope 1 – direct emissions from combustion, or leaks, normally at sources you own , Scope 2 – indirect emissions from imported energy, and Scope 3 – all other indirect emissions, these will be from sources you don’t necessarily own or have much control over such as staff commuting, supply chains or emissions from the use of products you manufacture
• Depending on your organisation, Scope 3 will account for somewhere between 60-80% of your total emissions.

How would you recommend going about collecting to data?

• ISO 14064-1 wants you to have primary data, i.e. data you have collected yourself.
• Some of the most common sources of the information you’ll need to quantify your emissions include, utilities bills, expense claim, meter readings.  
• What some organisations are doing is sending out simple surveys to staff to gather information on commuting habits or the mix of home and office working.
• In the real world all the information you need isn’t going to be available, or at least it won’t be available in the way you would like.
• it’s important to have someone dedicated managing data collection as this may involve multiple sites or international locations.
• Ideally, you’d start setting a framework to use when going forward and to make sure you can collect the relevant data each year.

Selecting a base year

• If this is the first time you have quantified your emissions, it will automatically become your base year.
• This will be the year you compare future emissions against, and track reductions against, whether they are absolute, or intensity based, such as tonnes of CO2e per employee or product sold
• You may have to re-visit your base year calculations if new data or more accurate methods arise. A base year review may also be required if there has been a change in organisational boundaries due to a merger or acquisition.

The Number Crunching

• At the end of the process, we want to see our levels of emissions for each of the Kyoto gases, this will allow us to see emissions as tonnes of CO2 equivalent when each gases’ global warming potential has been taken into account.
• Some gases can have global warming potentials 200 times or 1,000 times or even over 20,000 times stronger than CO2 on its own, hence why even the smallest leak of can be important, say, from an air conditioning system.
• We calculate emission from specific sources by using conversion factors.
• In the UK we are very lucky to have emission conversion factors published publicly by the Department for Business, Energy & Industrial Strategy every year going back to 2002
• Other countries release conversion factors too, so if you have sites round the world, you should be able to find factors that can be applied. This may involve converting some units though.
• The data isn’t always going to be available in the ideal format, so you’ll need to spend a bit of time on Google identifying rates for specific areas and years if you don’t have anything else to go on.
• Liaising with landlords and facilities management is always a good idea, not only to collect data, but to help with implementing initiatives that can reduce emissions in the future  

Estimates, Assumptions, Uncertainties and Transparency

• You’re going to have to make some assumptions as you go.
• In line with ISO 14064-1 you’ll need to be as accurate as possible even if this means someone going through individual lines of expenses to estimate flight distances based on ticket costs or coming up with a system to represent your supply chain.
• Another important aspect of ISO 14064-1 is transparency. The best way to manage this is to simply make all your calculations visible, this way they can be reviewed and sense-checked but others.
• For each emission source you’ll also need to assign it a level of uncertainty. For instance, expense claims are usually highly accurate as they show mileage from one location to another, and sometimes even record the specific vehicle, you could say this has an uncertainty of 2-5% for instance.
• At the other end of the scale calculating the emission from the life cycle of your products has a high degree of uncertainty as you don’t know how a customer will use it, how long it will last, how it will be disposed of or if it will even be used at all. This could have an uncertainty of 30-40% for instance
• A positive outcome of managing all these uncertainties is that you will have a framework going forward for calculating specific sources.

Managing your Emissions Going Forward – Applications of Quantification

• Ironically it is often the biggest emission sources that businesses have the smallest amount of control over, but there will usually be some action that can be taken to reduce them.
• Quantifying emissions is also one the first, and arguably the most essential steps towards achieving carbon neutrality, as you can’t get very far without knowing your emissions.
• PAS 2060 is the standard we use at Blackmores as part of our Carbonology service to help businesses achieve carbon neutrality, this is supported by quantifying emissions in line with the ISO 14064 methodologies we’ve mentioned In previous podcasts.
• Developing and implementing a carbon reduction plan to reduce emissions over subsequent reporting periods is another application of your GHG quantification and is an important part of working towards carbon neutrality.

Further resources:

Free Webinar – Targeting Carbon and Supporting Net Zero – hosted by Alcumus, David Algar will feature as a guest to help you understand your Carbon Footprint and provide a roadmap towards Carbon Neutrality. Register Here.

We also have more information about our Carbonology service available Here.

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help, and we read each one.

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Today we’re joined by Will Richardson, Founder and Managing Director of Green Element, to discuss how he helps other organizations become more environmentally friendly.

Will established Green Element in 2004 with a desire to help as many businesses as possible to go green.

A pioneer and early adopter of many now-mandatory environmental standards, his visionary approach, and inspiring leadership are exemplary.

Will also runs a podcast that is constantly featured in the top of the eco podcasts, and is a current board member and Chairman of the British Kitesports Association; the NGB to Kitesports; helping push kite sports within the Olympic sporting ecosystem.

In 2018, Will conceived Compare Your Footprint in response to demand from companies that want to reduce their carbon footprint but were not ready to engage with experts.

This episode, he shares how companies can most effectively tackle their energy and carbon management, and the science behind carbon reductions…

You’ll learn

• How Will helps organizations find the carbon footprint of their products.
• The importance of knowing the life cycle of your products.
• How to find out how much of an effect on the environment your product has.
• How long it takes to find out the life cycle of a product.
• How ‘Compare your Footprint’ helps organizations understand their carbon footprint and benchmark it.
•  Different types of benchmarking you can do and how to do it.
• The science we know around carbon reductions.
• Why offsetting causes organizations to increase their emissions.

Resources

• Blackmores
• The Green Element Website
• Compare your Footprint
• Sustainable Business Podcast
• Science Based Targets

In this episode, we talk about:

[01:10] How Will got involved with sustainable energy and carbon management.

[02:14] Why Will started his own business and how it’s changed over the years.

[03:58] How Green Element helps organizations become more environmental.

[05:15] The difference between the life cycle analysis for products or services.

[06:24] How long it takes to work out a product’s life cycle.

[07:30] The two different ways there are to look at carbon footprinting.

[10:51] Different types of benchmarking you can do and how to do it.

[14:26] How to successfully carry out energy data reporting and why you shouldn’t rush it.

[17:59] The problems with net carbon zero and carbon neutral targets, and the benefits of Science Based Targets.

[22:36] The complex nature of effective environmental strategies.

If you need assistance with implementing sustainable practices – Contact us!

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

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Today, we’re joined by our resident Carbonologist David Algar to discuss SECR.

What is SECR?

SECR stands for Streamlined Energy and Carbon Reporting, it stemmed from The Companies Act (2006) which was updated in 2013 to require quoted companies to report annual emissions in their directors’ report.

In 2018, the regulations were updated and an additional disclosure requirement for quoted companies was brought in. They now require energy use and associated GHG emissions to be reported by quoted companies, as well as by large, limited liability partnerships (LLPs).

Why was it introduced?

To increase awareness of a business’ energy use and emissions and to encourage the introduction of initiatives to reduce energy usage.

To provide organisations with the relevant data to make informed decisions.

To help increase visibility to key decision makers who may not have been aware of how much carbon their organisation is producing.

Provides transparency on an organisation’s emissions and energy use to external stakeholders.

Is it applicable to you?

SECR reporting is designed to apply to all quoted companies in the UK, as well as unquoted companies and LLPs defined as ‘large’ under the Companies Act 2006.

To be defined as ‘large’ under the Companies Act and therefore qualify for SECR reporting they must meet 2 or more of the following criteria:

• Have a turnover of £36m or more.
• Have a balance sheet of £18m or more.
• Have 250 or more employees.

Who does it not apply to?

Low energy users, those using less than 40MWh per year.

If disclosing energy use data could inadvertently reveal sensitive information about your business, or seriously detrimental to the interests of your business.

Not all public bodies are required to report.

If your data would not be practical to obtain.

What needs to be included?

This is where it gets slightly more complex as this is where reporting guidelines specify what you must report depending on if you are a quoted company compared to a large unquoted or LLP.

Similarities (what everyone needs to report):

• Their energy use in kWh and GHG emissions in tonnes of CO2 equivalent.
• Scope 1 and scope 2 emissions you are responsible for and a subset of scope 3 emissions relating to transport.
• Methodologies, at least one intensity ratio and finally, everyone must report on energy efficiency improvements.

Differences:

• A key difference between quoted companies and the other two types is that quoted companies must reference their global Scope 1 and 2 emissions they are responsible for, and what proportion of their emissions comes from international sources.
• For unquoted companies and LLPs there is more of a focus on Scope 3 emissions. You will need to report on the energy and emissions associated with Scope 3 transport. This mainly refers to leased road vehicles and vehicles staff own but use for business purposes (grey fleet), but also covers larger vehicles such as ships, planes and trains if you have directly paid for the fuel yourself.

What are the benefits for your organisation?

You would have quantified a significant proportion of your emissions, which paints a good picture of where your largest emission sources are from.

You would have just taken one of the first steps towards achieving carbon neutrality.

SECR also helps provide greater transparency for investors and other stakeholders.

It also supports other reporting such as ESOS and the new requirement for businesses looking to obtain large government contracts to have a carbon reduction plan in place.

How can Blackmores help?

By quantifying your emissions for your reporting period, in the long term we can help quantify any remaining emissions that are not referred to in SECR, specifically any remaining Scope 3s

We can also help provide clarity on the definitions of each scope and the subcategories within them.

We have various templates that we have created and refined to help simplify the process.

We can produce the SECR report, meeting all the requirements of UK Environmental Reporting Guidance, and as well as the main SECR report, we can produce the summary of your Director’s Report.

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help, and we read each one.

If you’d like further information on how we can help you with Carbon verification, SECR or Carbon Neutrality, check out our Carbonology Service.