Commitment To Achieving Net Zero

The Aerospace Corporation UK Limited (TACUK) is committed to achieving Net Zero emissions by 2050 or sooner. In line with science-based targets, TACUK have made a 2050 net zero commitment to limit warming to 1.5C.

To achieve net zero greenhouse gas (GHG) emissions, we will:

Reduce our Scope 3 emissions by 20% by 2030 from our Fiscal Year 2024 (01OCT23 – 30SEP24) base year.
Neutralize hard-to-decarbonise residual emissions with certified GHG removals by 2030.
Continue to reduce emissions beyond 2030 in line with science-based targets.

Based on the highest impact areas of our business, we have set both interim and 2030 targets to achieve an absolute 20% reduction against the FY24 baseline.

Baseline Emissions Footprint

Baseline emissions are a record of the greenhouse gases that have been produced in the past and were produced prior to the introduction of any strategies to reduce emissions. Baseline emissions are the reference point against which emissions reduction can be measured.

Our baseline includes our greenhouse gas emissions from the seven GHG’s named by the Kyoto Protocol:

Carbon Dioxide (CO2)
Hydrofluorocarbons (HCFC’s)
Methane (CH4)
Nitrous Oxide (N2O)
Nitrogen Trifluoride (NF3)
Perfluorocarbons (PFC’s)
Sulphur Hexafluoride (SF6)

Emissions are calculated in tonnes of carbon dioxide equivalent (CO₂e) using the appropriate conversion factors published by the department of Business Energy and Industrial Strategy (BEIS now Department for Net Zero) or other recognised and accredited conversion factors.

We are using the “Operational Control Approach”, defined by the GHG Protocol for our reporting boundary.

TACUK report accounts based on a financial year and have decided to use FY24 as the baseline and aligns with UK Green Book.

Baseline Year: FY24 (01 October 2023 through 30 September 2024)
Additional Details relating to the Baseline Emissions calculations.
Whilst not the Baseline year, TACUK emissions for April 2022 to March 2023 were estimated at 85 tCO₂e. This early “estimated baseline” was set from operating shared business spaces/external premises. TACUK is a growing organisation which has adapted to new operating practices which have already reduced our carbon footprint. For example, there is estimated to be an immediate reduction of 12 tCO₂e from May 2024-Oct 2024 moving from London hotelier services to London tenancy in Office/Accom configuration. Effects of a reduced carbon baseline will be more evident when new working patterns are fully measured over the course of this operating year.
Baseline year emissions: FY24 (01 October 2023 through 30 September 2024)
EMISSIONS	TOTAL (tCO₂e)
Scope 1	17.5
Scope 2	51.0
Scope 3 (Included Sources)	4. Upstream transportation and distribution: 0.0 5. Waste generated in operations: 0.0 (fully compliant with London Lambeth City Council Regulations, covered under Residential Council Tax costs) 6. Business travel: 0.1 7. Employee commuting: 4.6 9. Downstream transportation and distribution: 0.0
Total Emissions	73.2

Current Emissions Reporting

Reporting Year: FY24 (01 October 2023 through 30 September 2024)
EMISSIONS	TOTAL (tCO₂e)
Scope 1	17.5
Scope 2	51.0
Scope 3 (Included Sources)	4. Upstream transportation and distribution: 0.0 5. Waste generated in operations: 0.0 (fully compliant with London Lambeth City Council Regulations, covered under Residential Council Tax costs) 6. Business travel: 0.1 7. Employee commuting: 4.6 9. Downstream transportation and distribution: 0.0
Total Emissions	73.2

Emissions Reduction Targets

In order to continue our progress to achieving Net Zero, we have adopted the following carbon reduction targets.

We project that carbon emissions will decrease over the next five years to 58.6 tCO₂e by 2030. This is a reduction of 20% on the FY24 Baseline.

Carbon Reduction Projects

Completed Carbon Reduction Initiatives

The following environmental management measures and projects are in progress and included in our strategy (Carbon Management Plan) since the baseline FY24.

Some of these measures have been implemented, such as the move towards a new business travel methodology for more accurate carbon reporting. Employees are now tracking carbon cost to travel via early acknowledgement of limited transatlantic travel.

To achieve our net zero Greenhouse Gas (GHG) emissions target we are implementing the following measures:

Reduce our scope 3 emissions by 20% by FY30 from our FY24 base year.
Be ready to report annually using the CRP methodology and publishing future data on our UK website each October.
Plan to reduce emissions beyond FY30 in line with science-based targets on a trajectory to achieve Net Zero.
Reduce scope 1 & 2 emissions in line with SBTi targets.

To achieve these reductions, we will be implementing a carbon management plan outlining actions, governance, and regular reporting. We are committed to the following:

Improving our environmental performance by monitoring and reviewing against our targets (quarterly).
Implement a new Business Travel methodology to increase the accuracy of our reporting.
Continually updating our carbon management plan, publicly disclosing our progress annually.
Improving the accuracy of our GHG emissions data across our value chain, whilst continuing to seek and apply best practice in our monitoring and reporting.
Comply with and where practical, aim to exceed environmental legislation. We will disclose our emission data to support customer’s environmental procurement policies.
Review our purchasing practices to reduce consumption and minimise waste.
Encourage our suppliers to similarly set net zero targets and disclose emissions.
Adopting and promoting environmental best practice for our operations, activities, and the projects we are participating in.

In the future we hope to implement further measures such as:

Support our employees in reducing their commuting and business travel through implementing salary sacrifice schemes for bikes and electric vehicles.

Business Strategy

We also recognise our role to drive positive net environmental impact beyond our business operation and value-chain and have embedded climate action into our business strategy. We will:

Develop a methodology to monitor and assess the potential net environmental impacts of our future collaborative innovation projects and programmes.
Collaborate with our network to support policies and drive innovation that accelerates the transition to net zero.

Actions Required in Targeted Areas of the Business

To drive our carbon reduction plan we will be focusing on the following proposed actions and activities:

Electrical and Optical Equipment: Partnership with service provision partners that operate within the national Net Zero plan. Removing single procurement policies to initially reduce spend on electrical equipment and opting for low impact equipment and request emission data to calculate total emissions more accurately.
Goods & Services: establish an internal accounting activity to calculate emissions from goods and services and create incentives to reduce them more precisely. Include better information on quantity and weight of products to allow better carbon accounting.
Business Travel: aim to limit employee travel with incentives or a blanket policy to limit annual travel. Introduce a new Business Travel system to provide detailed CO2e emissions for travel. Increase employee awareness, through a structured campaign, of the need to reduce Business Travel to combat CO2e emissions, and to either use alternative travel methods, including the train, where possible or join meetings and engagements virtually.
Employee Commuting & Working from Home: conduct regular employee surveys on travel to work options and working from home GHG emissions.
Electricity, Gas and Water Supply: As tenants, aim to negotiate with lessor (Landlord), to switch tariffs, reduce energy/water consumption, manage waste consumption, increase renewable generated energy and meter operational energy. Where we are responsible for the utility supply, we will ensure that utilities are procured from renewable and sustainable sources.
Rationalisation: Ensure that we optimise and rationalise our workplaces to minimise their impact on our carbon footprint.
Communications: we will calculate our carbon emissions, track annually, and communicate the results to our employees.

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 will be 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 will be reported in accordance with SECR requirements, and the required subset of Scope 3 emissions reported in accordance with the published reporting standard for Carbon Reduction Plans and the Corporate Value Chain (Scope 3) Standard.

Signed on behalf of the Supplier:

David Sandy

David Sandy

UK Managing Director

The Aerospace Corporation UK Limited

Date: 05 November 2024