Introduction

Intrepid Ltd is dedicated to reducing its carbon footprint as part of our commitment to environmental sustainability and corporate responsibility. As a company specialising in technical strategy, consulting, and development, we recognise the role that businesses like ours play in contributing to global emissions. Our goal is to align with the UK's ambitious carbon reduction targets and achieve Net Zero emissions by 2040.

Our approach to carbon reduction is rooted in our core values of innovation, responsibility, and continuous improvement. We understand that addressing climate change requires not only reducing emissions from direct operations but also embedding sustainability into every aspect of our business model. From the delivery of technical solutions to ongoing support services, we aim to implement energy-efficient practices and leverage technology to lower our environmental impact.

As we provide technical advice and solutions to small and medium businesses (SMBs), we believe that sustainability is not just an internal goal but an opportunity to lead by example and inspire our partners and clients to do the same. We are committed to identifying and mitigating emissions across our value chain, including Scope 1, Scope 2, and Scope 3 emissions, which account for direct, indirect, and supply chain emissions.

Our carbon reduction plan focuses on measurable initiatives such as transitioning to renewable energy in our offices, optimising business travel to reduce emissions, promoting remote work, and encouraging responsible supplier partnerships. In collaboration with key stakeholders, including employees, clients, and suppliers, we aim to implement effective strategies that will ensure a significant reduction in emissions over the next two decades.

By integrating sustainability into our core operations, Intrepid Ltd is poised to contribute to a low-carbon future while continuing to deliver world-class technical solutions for our clients.

Commitment to achieving Net Zero by 2040

Intrepid Ltd is fully committed to achieving Net Zero emissions by 2040, in line with global efforts to combat climate change. As a provider of technical solutions to small and medium businesses (SMBs), we recognise our responsibility to reduce our environmental impact while maintaining excellence in service delivery.

To meet this target, we will focus on reducing emissions across our operations, including adopting renewable energy sources, optimising energy efficiency in our offices, and reducing carbon emissions from business travel. We will also work closely with our supply chain partners to ensure sustainable practices are embedded throughout our value chain.

Our commitment extends beyond compliance, aiming for continuous improvement and innovation in sustainable practices. By 2040, Intrepid Ltd aims to achieve Net Zero while empowering our clients to also adopt low-carbon technologies and strategies, driving collective progress toward a more sustainable future.

Baseline Emissions Footprint 1^st April 2023 31^st March 2024

Scopes and categories	Metric tons CO₂e
Scope 1: Direct emissions from owned/controlled operations	0.00
Scope 2: Indirect emissions from the use of purchased electricity, steam, heating, and cooling	1.9175
Scope 3: emissions
Category 1: Purchased goods and services	0.00
Category 2: Capital goods	0.00
Category 3: Fuel- and energy-related activities (not included in scope 1 or scope 2)	0.00
Category 4: Upstream transportation and distribution	0.00
Category 5: Waste generated in operations	0.00
Category 6: Business travel	0.0067
Category 7: Employee commuting	0.3614
Others: Hotel Stay	0.2190
Category 9: Downstream transportation and distribution	0.00
Total	2.5046

Zero Emissions Rationale

Intrepid Ltd reports zero emissions across several categories, reflecting specific business processes and operational activities that either do not generate emissions or are subject to business restrictions. Below is an outline of the reasons for zero emissions in the relevant categories:

Scope 1: Direct Emissions:
Intrepid Ltd operates with no owned or controlled facilities or vehicles that would produce direct emissions, resulting in zero emissions for Scope 1. Our business model relies on office spaces and remote working, eliminating the need for combustion-based equipment or transportation.
Scope 3: Various Categories:
- Category 1 (Purchased Goods and Services) and Category 2 (Capital Goods): As a technology consulting firm, Intrepid does not engage in significant physical production or capital investments, which typically generate emissions.
- Category 3 (Fuel-and Energy-Related Activities): Energy-related emissions are fully captured under Scope 2, leaving no residual fuel-related emissions.
- Category 4 and 9 (Upstream/Downstream Transportation and Distribution): Intrepid provides consultancy and digital solutions without product distribution, thus eliminating transportation emissions.
- Category 5 (Waste): As a service provider, our operations do not produce substantial physical waste.

These restrictions and the nature of our business ensure minimal environmental impact in many areas of operation.

Methodology & References

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 uses the appropriate Government emission conversion factors for greenhouse gas company reporting.

Scope 1 and Scope 2 emissions have been reported in accordance with 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.

https://ghgprotocol.org/corporate-standard

https://www.gov.uk/government/collections/government-conversion-factors-for-company-reporting

https://ghgprotocol.org/standards/scope-3-standard

Scope and category	Description of the types and sources of data used to calculate emissions	Description of the data quality of reported emissions	Total
Scope 2	Indirect emissions from the use of purchased electricity, steam, heating, and cooling	Averaged from Landlord’s provided data.	1.9175 tons CO₂e
Scope 3: Category 6: Business Travel - Land	Based on actual data	Employee transport refund	0.0067 tons CO₂e
Scope 3: Category 7: Employee commuting	Based on actual data	Employee transport refund	0.3614 tons CO₂e
Scope 3: Hotel Stay	Based on actual data	Refund receipts	0.2190 tons CO₂e

Current Emissions Reporting

1^st April 2023 - 31^st March 2024

As this is Intrepid Ltd's first time reporting emissions, the current emissions data for the year serves as both the baseline and the initial reporting figures. The total emissions amount to 2.5046 tCO2e, covering Scope 2 emissions from purchased electricity and Scope 3 emissions from business travel and employee commuting. Since no prior emissions data exists, these values represent our starting point for tracking and reducing carbon output. Going forward, this baseline will be used to measure our progress as we implement carbon reduction initiatives in line with our Net Zero commitment by 2040.

Emissions reduction targets

Intrepid Ltd is committed to reducing its carbon emissions in line with our goal of achieving Net Zero by 2040. Starting from our baseline emissions of 2.5046 tCO2e, we aim to implement strategic measures to progressively lower our carbon footprint. Our key reduction targets include:

Short-term (2025): A 20% reduction in Scope 2 emissions by transitioning to 100% renewable energy for our offices, decreasing emissions from 1.9175 tCO2e to 1.534 tCO2e.
Medium-term (2030): A 40% reduction in overall emissions, focusing on Scope 3 emissions from business travel and employee commuting by promoting remote work, sustainable travel options, and virtual collaboration tools.
Long-term (2040): Achieve full Net Zero emissions across Scope 1, Scope 2, and Scope 3 by continuing to adopt energy-efficient practices, offsetting unavoidable emissions, and working closely with suppliers to reduce indirect emissions.

We will review and update these targets based on our 12-month period April - March to ensure continued progress towards Net Zero.

To achieve our Net Zero commitment by 2040, Intrepid Ltd will implement the following carbon reduction initiatives, aligned with the principles of ISO 14001 (Environmental Management Systems) and PAS 2060 (Carbon Neutrality):

Energy Efficiency and Renewable Energy (ISO 14001: Energy and Resource Management)
We will reduce our Scope 2 emissions by transitioning to 100% renewable energy sources for our offices by 2025. We will also implement energy-efficient practices, such as optimising heating, cooling, and lighting systems, and conducting regular energy audits to identify further opportunities for improvement.
Sustainable Business Travel (ISO 14001: Environmental Performance Monitoring)
To minimise Scope 3 emissions from business travel, we will adopt a “remote-first” policy where possible and invest in virtual collaboration tools. For necessary travel, we will prioritise low-carbon transportation options, such as rail over air travel, and encourage carpooling or electric vehicle use.
Employee Commuting and Remote Work (ISO 14001: Employee Engagement and Awareness)
We will actively promote remote working and flexible commuting options, reducing emissions from employee commuting. We will provide incentives for employees to use public transport, bicycles, or electric vehicles and work toward reducing commuting emissions by 25% by 2030.
Supply Chain Collaboration (ISO 14001: Life Cycle Perspective, PAS 2060: Stakeholder Engagement)
In line with PAS 2060 requirements, we will engage with key suppliers to assess and reduce carbon emissions in our supply chain. We will prioritise partnerships with suppliers who demonstrate strong sustainability credentials and will work with them to identify emission reduction opportunities.
Waste Reduction and Recycling (ISO 14001: Resource Efficiency)
Although Intrepid Ltd has minimal waste generation, we will implement a zero-waste policy in our offices by promoting recycling, reducing paper use, and encouraging digital documentation. We will also focus on minimising electronic waste through responsible IT hardware procurement and recycling programs.
Ongoing Monitoring and Reporting (ISO 14001: Continual Improvement, PAS 2060: Verification and Documentation)
We will establish a robust carbon monitoring and reporting system to track emissions and progress against reduction targets. Regular audits and performance reviews will ensure continual improvement and compliance with ISO 14001 and PAS 2060 standards.

Declaration and Sign Off

This Carbon Reduction Plan has been completed in accordance with PPN 06/21 and associated guidance and reporting standard 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[1] and uses the appropriate Government emission conversion factors for greenhouse gas company reporting [2].

This Carbon Reduction Plan has been reviewed and signed off by the board of directors (or equivalent management body).