Carbon Reduction Plan

Carbon Reduction Plan

6^th February 2023

Ovidius Medical Ltd is committed to achieving Net Zero emissions by 2050.

1.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.

baseline year: 2022

Additional Details relating to the Baseline Emissions calculations.

Ovidius Medical Ltd has no prior scope emissions reporting. 2022 will be the baseline report – with an annual review

Baseline year emissions:

emissions

https://greenly.earth/en-gb

TOTAL (tCO₂e)

Scope 1
‍
Direct Emissions

‍https://www.circularise.com/blogs/scope-1-2-3-emissions-explained

Ovidius Medical Ltd are a third-party distributor and therefore do not own any machinery for production purposes.

In the Company’s mission to be an energy efficient Company our employees are remote workers and Ovidius Medical Ltd do not own facilities nor vehicles.

Therefore, no data is required for submission for scope one.

Scope 2

Indirect Emissions

https://bulb.co.uk/blog/how-to-measure-the-carbon-impact-of-working-from-home

As a third-party distributor Ovidius Medical ltd does not produce indirect emissions from the generation of heat, steaming or cooling from manufacturing plants and/or offices.

Energy used to power the third-party warehouse are included as part of the lease agreement and so cannot report these.

Electric and heating for the remote and work from home employees – laptops, computers, and phones, as well as lighting, food and drink preparation equate emissions.

Total estimate CO2 1.5 t per annum calculated using the examples of energy consumption in the “How to measure the carbon impact of working from home report”.

Scope 3

Indirect Emissions from Other sources

https://co2.myclimate.org

‍https://clear.eco/carbon-offset-my-flight

As a third-party distributor we do not produce or own any capital equipment, nor the waste associated with these business activities.

Remote working eliminates the need for the daily commute so Ovidius Medical Ltd is not reporting any emissions for commuting.

Waste generation in operations. We do not have specific data on waste generated as an organisation as this is managed as part of the lease agreement with the warehouse facility.

As a medical device distributor, we utilise third party courier for transportation of goods. This is calculated at: CO2 32t per annum in 2022, this is inclusive of upstream and downstream transportation.

For business travel for employees the emissions in 2022 are calculated at CO2 29.5 t

As a third-party distributor we import goods from global suppliers, currently do not have visibility to the upstream production emissions of our suppliers.

Total Emissions

63 tCO2e

2. Emissions reduction targets

3. 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 40 tCO₂e by 2027. This is a reduction of 36.5%

4.Carbon Reduction Projects

‍Completed Carbon Reduction Initiatives

‍The following environmental management measures and projects have been completed or implemented since the 2022 baseline.

· Ovidius Medical Ltd is a paperless Company, we no longer provide any customer brochures, and all customer communication is electronic. All internal documents and communications are also paperless.

· Plastic reduction – employees that travel on customer visits take water bottles and reusable coffee cups to reduce the number of emissions from producing plastic.

· In 2021 Ovidius Medical Ltd changed the third-party courier supplier to utilise a shared service courier and reduce emissions from our transportation activities.

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

· Reduction on business travel, further transitioning to virtual meetings where possible.

· Assessment of road travel vehicles and transition to more efficient cars.

5.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].

As a company with less than 36 GBP million annual turnover, Ovidius Medical ltd is not required to report emissions in accordance with SECR requirements.

‍https://www.ghginsight.com/streamlined-energy-and-carbon-reporting

‍Ovidius Medical Ltd have used the sources cited in the report above to generate the annual emissions for Scope 1, 2 and 3.

This Carbon Reduction Plan has been reviewed and signed off by the board of directors.

Policy 1.0 – February 2023

The carbon reduction plan will be reviewed annually by the directors
‍
[1]https://ghgprotocol.org/corporate-standard

‍[2]https://www.gov.uk/government/collections/government-conversion-factors-for-company-reporting