Our Scope 1 emission was 9,220.88 tCO2e against a revised baseline of 10,509.03 tCO2e while our Scope 2 emission was 7,910.55 tCO2e against a revised baseline of 7,471.09 tCO2e. In total, Scope 1 and 2 emissions reduced from our revised baseline year by 4.72%. This reduction was driven by a series of targeted measures, including lowering fuel consumption, optimising refrigerant usage at our plants to extend asset lifespan, reducing energy consumption at our headquarters through partial shutdowns on Fridays, and the increased use of LED lights in our offices. This institutionalised approach to energy efficiency in operations was based on carbon footprint assessments. Additionally, we advanced our transition to a low-carbon fleet by adopting electric vehicles (EVs) and harnessing solar energy where feasible. While we achieved notable reductions, a slight increase in energy consumption was observed due to the growth in business activities. Scope 2 Our Scope 2 emissions result from purchased electricity. In 2024, we saw a 5% increment in absolute Scope 2 emissions from the previous year due to our acquisition of KAIZEN and further integration of MEEM, which added to the number of sites reported. This year we have begun disclosure of market-based Scope 2 emissions to take into account our reductions based on GETs in addition to locationbased emissions, which denote our actual electricity use from the grid. To improve Scope 2 disclosures, we have begun computing our marketbased emissions in 2024. Marketbased figures account for renewable energy certificates (RECs) purchased and green power contracts signed during the financial year, while location-based emissions are based on the average emissions of the local power grid. Managing our Scope 1 and Scope 2 Trend Analysis: Increase in emission due to more disclosure from MEEM, UELC usage increased in 2024 and 10 additional locations added into 2024 disclosure. Total Scope 2 (tCO2) (Market based): Purchased electricity + heat and steam Total Scope 2 (tCO2) (Location based): Purchased electricity + heat and steam Location based consumption kWh 4,644,581.00 2,363.15 9,460,849.58 7,471.09 9,783,627.36 6,835.08 11,239,635.00 7,910.55 5,801.73 2022 2023 2024 2021 2022 2023 2024 2021 2022 2023 2024 2021 155 ENHANCING VALUE THROUGH SUSTAINABILITY
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