Climate Change Data

Neos Networks

Climate Impact & Sustainability Data (April 2023 - March 2024)

Reporting Period: April 2023 - March 2024

Environmental Metrics

Total Carbon Emissions:2774.04 tCO2e (of which 3523.66 full emissions less 749.62 renewable energy)
Scope 1 Emissions:226.66 tCO2e
Scope 2 Emissions:0 tCO2e (market-based)
Scope 3 Emissions:2547.38 tCO2e
Renewable Energy Share:21% (location-based)
Total Energy Consumption:14.62 GWh (3.06 GWh renewable)
Water Consumption:0.22 m3/year
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Equality, diversity & inclusion
  • Stakeholders & community
  • Safety & wellbeing
  • Environmental action
  • Climate impact
  • Waste management
  • Data & cyber security
  • Governance & responsibility
  • Culture & Great Place To Work

Environmental Achievements

  • Secured Renewable Energy Guarantee of Origin (REGO) certificates for energy consumed at owned and occupied sites, resulting in 0 tCO2e Scope 2 market-based emissions.
  • Repurposed over £87,704 worth of old equipment, preventing it from going to landfill.
  • Switched to 100% recyclable, FSC-certified paper in all offices.
  • Completed 31 days of volunteering for environmental projects, including river cleanups and beach cleans.

Social Achievements

  • Introduced menopause and menstruation guidance and workshops.
  • Established an EDI cupboard with resources for neurodiverse colleagues.
  • Supported over 100 school-aged students with work experience placements.
  • Employees completed 115 volunteering days, with 83 dedicated to community support.
  • Match-funded over £1,300 in employee fundraising efforts.
  • Achieved 90% employee satisfaction with direct manager job recognition, 89% with manager updates, 91% with colleague support, and 94% with overall colleague collaboration.

Governance Achievements

  • Maintained ISO27001 and Cyber Essential Plus certifications.
  • Progressed work to meet Telecoms Security Act requirements.
  • Secured ISO certification for Integrated Management System (IMS) for SHE across ISO14001, ISO45001, and ISO45003.
  • Introduced training for all employees on Sustainability and the ESG framework.
  • Established Employee Consultation Forums for Trade Union and Personal Contract staff.

Climate Goals & Targets

Long-term Goals:
  • Net Zero for Scope 1 and 2 emissions by 2030.
Medium-term Goals:
  • Implement electric vehicles for commercial fleet between 2027 and 2030.
  • Reduce High Risk Sites (RCP8.5 2050 and 2100) to Medium Risk through mitigation measures (FY24-FY27).
Short-term Goals:
  • Complete transition to renewable energy sources for leased offices and sites by end of 2025.

Environmental Challenges

  • Identifying Scope 3 emissions and securing reliable data from the supply chain.
  • Increase in business travel and employee commuting emissions post-covid.
  • Securing adequate commercial fleet with appropriate EV capability to meet Net Zero pledge.
  • Supply chain data limitations for Scope 3 emissions reporting.
Mitigation Strategies
  • Working with supply chain to secure reliable Scope 3 data.
  • Developing an EV strategy with phased implementation from 2027-2030.
  • Continuing to engage with the supply chain to secure REGOs and improve reporting maturity.
  • Implementing low-travel periods and migrating from flights to trains.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Monitoring suppliers for strong sustainability credentials, including managing modern slavery risk, reducing carbon emissions, employee health and safety, and building an inclusive workforce.

Climate-Related Risks & Opportunities

Physical Risks
  • Flood
  • Storm
  • Fire
Transition Risks
  • Inability to secure adequate EV commercial fleet.
  • Scope 3 emissions reporting maturity.
Opportunities
  • Reduction of water and energy consumption at offices.
  • Waste management improvements.
  • Review of potential new markets leveraging strong ESG principles.

Reporting Standards

Frameworks Used: UN SDGs, SECR, TCFD

Certifications: ISO 14001, ISO 45001, ISO 45003, ISO 27001, Cyber Essential Plus

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Neos Networks’ ESG Framework aligns with 29 UN SDG Targets.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed