Carbon Reduction Plan 2023-2024

Meeting the reporting requirements

This Carbon Reduction Plan complies with PPN 06/21, as published by the Cabinet Office in June 2021. This document will be reviewed and updated annually in accordance with industry standards and regulatory requirements.

Baseline Carbon Emissions

Baseline Year: 1st January – 31st December 2023

Additional Details relating to the Baseline Emissions calculations.

Glaukos UK Limited is a private limited SME. We are therefore not obligated to report our emissions under the Streamlined Energy and Carbon Reporting (SECR) regulations. We have not previously reported emissions for our UK organisation and will be using the current reporting year (2023-24) as our baseline moving forward.

Our total emissions for the reporting year 2023 are 612,526 kg CO₂e.

To provide a comprehensive view of our organisation’s emissions, we are reporting our emissions data associated with our offices situated in London, Manchester and a warehouse in Accrington. We also have 1 member of staff primarily homeworking and this has been accounted for in the calculations.

During our baseline year, we had 16 Full-Time Equivalent (FTE) employees within our organisation. We expect to grow and employ more staff as we expand. This will increase our carbon footprint initially, though we will put measures in place to reduce the impact proportionally.

Baseline year emissions:

Emission reduction targets

To continue our progress toward achieving Net Zero by 2045, we have adopted the following carbon reduction targets:

• Next 10 years to 2034: Target of 50% Carbon reduction to 306,263kg CO₂e
• Period to 2040: Target of 75% Carbon reduction to 153,131.5kg CO₂e
• Period to 2045: Target of 100% Carbon reduction to Net Zero

As illustrated in Figure 1, our targets project a significant initial reduction: This ambitious approach is deliberate, recognising the urgent need to reduce carbon emissions.

We also aim to improve our data tracking and monitoring processes to improve the quality and accuracy of the carbon related data in future years.

Carbon reduction projects

The carbon reduction opportunities outlined in this section, once fully implemented, will reduce our GHG emissions annually, aligning with our goal of achieving Net Zero emissions by 2045 at the latest. As mentioned above, we may initially increase our carbon footprint as we recruit a larger team but will work to reduce this by 2034. During the following years, we will implement measures to track progress relative to our headcount.

Scope 2 actions

• Switch to renewable-backed energy tariffs as per the latest guidance
• Introduce power management policies for hardware such as laptops, PCs, printers
• Assess feasibility to offset any residual CO₂, emissions through the purchase of equivalent carbon emissions credits from an International Carbon Reduction & Offset Alliance (ICROA) provider

Scope 3 actions

Business travel (including employee commuting)

• Recruit within the local area ot reduce travel needs – for example, we plan to recruit within a 30-mile radius of the client site
• We will analyse our data from travel to better understand if and where carbon reductions can be made. For example, employee cars are mainly diesel/petrol. We will identify opportunities to support staff to change to hybrid or electric alternatives
• Continue to encourage the use of walking or public transport, particularly trains instead of internal flights
• Encourage car sharing
• Continue to support and encourage hybrid/homeworking
• Encourage the continued use of virtual meeting platforms where possible to reduce our international travel. Where flights are required, review the option of avoiding business class except where necessary and choose economy where possible. We will commit to 80% of flights being economy or standard. To support the offsetting of the emissions associated with air travel, we will assess the feasibility of tree planting with relevant organisations
• Promote cycling to work by providing information and participating in cycle-to-work schemes

Waste disposal

• Gather data to report accurately on office waste
• Work towards a paperless office – this is already in place for homeworkers
• Complete waste audits to maximise recycling and minimise waste production

Water use

• Gather data to report accurately on office water use
• Promote water conservation awareness among employees through regular communication and training
• Regularly monitor and report on water usage to identify areas for improvement

Declaration and sign-off

This Carbon Reduction Plan has been completed in accordance with PPN 06/21 and associated guidance and reporting standards 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 and use the appropriate government emission conversion factors for GHG company reporting.

Scope 1 and Scope 2 emissions have been reported in accordance with Streamlined Energy and Carbon Reporting (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.

This Carbon Reduction Plan has been reviewed and signed off by the Board of Directors.

Signed on behalf of Glaukos UK Limited.