Reduce our absolute carbon emissions and, in Scope 1 & 2, offset the remainder to achieve carbon neutrality by 2030.
We remain committed to carbon neutrality in Scope 1 & 2 by 2030. This will be achieved through decarbonisation coupled with offsetting.
Decarbonisation will require electrification of all heating and vehicles; accordingly, a complete transition ahead of 2030 will remain financially and technologically unviable. Nonetheless, we will continue to invest in carbon reduction initiatives and, from 2030, we will offset our outstanding carbon emissions.
Our Scope 1 & 2 decarbonisation strategy is continually developing; as such, specific timescales are likely to change with time. Our broad strategic roadmap is set out below.
With the exception of purchased electricity, Scope 3 comprises all indirect carbon emissions, upstream and downstream We have not yet measured our Scope 3 emissions; however, we remain committed to doing so in FY24.
At the beginning of FY24, we will commence a 2-year partnership with acclaimed carbon consultancy Normative. The partnership will deliver on-demand measurements of our Scope 3 emissions, an in-depth reduction strategy, and support engaging our supplier base with reduction activities.
Subsequently, we will explore the feasibility of setting a specific target for Scope 3 reduction.