Annex B(2) – Carbon Reduction Plan

To be completed when an Order with a value of over £5 million per annum is placed under this Framework Agreement

Carbon Reduction Plan
Supplier name: Cavalry Talen
BankPublication date: 11/10/2023
Commitment to achieving Net Zero

Dagny is committed to achieving Net Zero emissions by 2040.

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.

 Current Emissions Reporting

Emissions Reduction Targets
In order to continue our progress to achieving Net Zero, we have adopted the following carbon reduction targets;

1. Report and review our emissions yearly, adopting latest technologies and procedures to continually improve
2. 50% reduction in absolute emissions by 2031 compared to baseline year
3. Invest in ethical carbon off-setting projects to balance remaining emissions

We project that carbon emissions will decrease over the next five years to 4.76 tCO2e by 2029. This is a reduction of 44%

Progress against these targets can be seen in the graph below:

Carbon Reduction Projects
The following environmental management measures and projects have been completed or implemented since the 2022 baseline. The carbon emission reduction achieved by these schemes equate to 3.31 tCO2e, a 39% reduction against the 2022 baseline and the measures will be in effect when performing the contract.

1. Internal Audit of goods and services procured by our organisation and eliminated wasteful expenditure, significantly reducing our scope 3 emissions pertaining to Goods and Services
2. Eliminated our office space hire and increased our remote working, reducing our commuter related carbon emissions.
3. Reduced our in-person meetings by 50% and eliminating in-person marketing activities (Exhibiting at Trade Fairs)

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

1. Internal review of software suppliers and their effect on our scope 3 emissions. We aim to then collaborate with suppliers to reduce emissions in the supply chain.
2. Invest in ethical carbon offsetting projects, such as reforestation and methane capture initiatives, to compensate for emissions that cannot be eliminated.
3. Employee engagement programs involving educating employees on carbon reduction efforts and encouraging them to contribute through sustainable practices, .e.g. cycle to work scheme
4. Carbon Tracking and Reporting: Implementing carbon tracking software to monitor and report emissions, which can help 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 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].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[3].This Carbon Reduction Plan has been reviewed and signed off by the board of directors (or equivalent management body).Signed on behalf of the Supplier:

Date: 11/10/2023