Carbon Reduction Plan - 2024

I-Net Software Solution’s carbon reduction plan is presented in response to Procurement Policy Note (PPN) 06/21. It provides transparency and demonstrates progress towards building a robust carbon reduction programme.

Commitment to Achieving Net Zero

I-Net Software Solutions Ltd aim to achieve net-zero Scope 1, 2 and 3 emissions by 2050 from a FY 2024 base year

To achieve net-zero, I-Net Software Solutions Ltd is aiming for at least a 90% reduction in absolute emissions by 2050 compared to its FY 2024 base year – any residual emissions will be offset with carbon sequestration offsets, as per the Science-Based Targets initiative’s (SBTi) Net-Zero Standard guidance.

By 2026, I-Net Software Solutions Ltd plans to submit its targets for validation by the Science-Based Target initiative.

I-Net Software Solutions Ltd is dedicated to advancing toward net-zero by establishing science-based near-term targets. Collaborating with third-party ESG specialists, the company will develop actionable goals for Scope 1, 2, and 3 emissions, ensuring continuous progress on its journey to a sustainable future.

This Carbon Reduction Plan, encompassing its targets and energy management measures, is applicable to I-Net Software Solutions Ltd. The outlined measures will be implemented in accordance with the guidance and technical standards when executing any awarded contracts.

Baseline year emissions: 2024

EMISSIONS	TOTAL (tCO2e)
Scope 1 - emissions are direct greenhouse gas emissions that occur from sources that are controlled or owned by the reporting organisation. e.g., emissions associated with fuel combustion in boilers, furnaces, vehicles.	7.23 tCO₂e Includes emissions from owned or controlled sources such as company vehicles and fuel use.
Scope 2 - emissions are indirect greenhouse gas emissions associated with the purchase of electricity, steam, heat, or cooling. They are accounted for by the reporting organisation as they are a result of the organisation’s energy use.	29.72 tCO₂e Represents indirect emissions from the purchase and consumption of electricity.
Scope 3 - emissions include all sources not within an organisation’s scope 1 and 2 boundary. Scope 3 emissions often represent the majority of an organisation’s total greenhouse gas emissions (Included Sources)	60.3 tCO₂e annually Encompasses emissions from upstream and downstream activities such as supply chain operations, business travel, and waste management.
Total Emissions	97.25 tCO₂e annually

Emissions Reduction Targets

Scope 1:

These include emissions from fuel combustion in company-owned vehicles or heating systems used at our facilities. For the reporting period, our Scope 1 emissions total 15.92 tCO₂e, reflecting our operational dependency on controlled energy sources.

Scope 2:

Scope 2 emissions stem from the electricity and energy we purchase to power our IT infrastructure and office facilities. These emissions are indirectly tied to our operations but are critical in assessing our energy efficiency. Our Scope 2 emissions for the reporting period are 11.65 tCO₂e, primarily influenced by the energy required to maintain our IT servers, systems, and office spaces.

Scope3:

Scope 3 emissions capture the broader impact of our operations, including upstream and downstream activities such as:

• Business travel and employee commuting.
• Waste management and disposal processes.
• Emissions from our supply chain and vendors providing hardware or services.

Given the nature of IT Service Management, Scope 3 emissions often dominate our overall GHG footprint. For this reporting period, our Scope 3 emissions total 33.35 tCO₂e, representing our commitment to collaborating with stakeholders to reduce these critical emissions.