Foreword and Context
Climate change is a real and immediate threat. Like all organisations, Permastore has a key role to play in mitigating the effects of climate change, both as an employer and through the products it manufactures and supplies.
Permastore is progressing its journey to become carbon neutral through its carbon reduction plan from a benchmarked emissions footprint starting point. This is being managed by the Company’s leadership and energy teams as a strategic action to reduce carbon emissions utilising effective mechanisms to tackle and reduce the Company’s impact on climate change.
Reporting Standards and Scope
The calculation of Permastore’s carbon footprint was made in line with the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard.
Permastore’s carbon accounting undertakes a series of quality assurance checks in line with industry best practice to ensure that the Greenhouse Gas (GHG) statements represent a faithful, true, and fair account of Permastore’s GHG emissions from the data available.
Benchmark Emissions Footprint
Permastore’s carbon footprint was first measured in 2023 for the benchmark year of FY 2022/23 and total operational emissions in this year were 5,996 tonnes of CO2e (5,346t CO2e measured with market based electric emissions).
The footprint has been used to identify which operations the Company should target to reduce its emissions most effectively in the near and long term. It is measured across all scope 1 and 2 emissions and all scope 3 emissions where sufficient data is available.
Projected Carbon Emission
Permastore aims to meet the UK’s 2050 net zero target. It will do so by reducing its operational and value chain emissions (i.e. including scope 1, 2 and 3) to less than 85% of the FY 2022/23 benchmark before, or by 2030, and to at least 10% of the benchmark by 2050. It is anticipated that permanent carbon removal and storage will be utilised to counterbalance any residual emissions that cannot be eliminated.
Existing Carbon Reduction Measures
Permastore has implemented a number of measures to begin driving down its emissions, including:
Monitoring energy use, electric vehicle usage and charging, the use of renewable energy, waste reduction, the creation of an energy team and reducing embedded carbon in its products.
The Company is collaborating with its major steel supply partner TATA to decarbonise PERMASTORE® steel tank sheets with the launch of Zeremis® Carbon Lite Steel. When using Zeremis® Carbon Lite Steel in its tanks, Permastore can achieve up to a 90% reduction in CO2e emissions from the steel sheets it uses.
Future Carbon Reduction Measures being Considered
Future carbon reduction measures being considered include:
Replacement of the use of fossil fuels where it is possible to do so, reduction in operational and process waste produced, electrification of transport and working with the Company’s suppliers to focus them on the reduction of their own carbon emissions.
Carbon Reduction Targets
In order to reach the goal of significant emission reductions and net zero by 2050, Permastore has adopted the following targets:
- A 15% overall reduction in scope 1, 2 & 3 emissions before, or by 2030 from the FY 2022/23 benchmark.
- A 90% overall reduction in scope 1, 2 & 3 emissions by 2050 from the FY 2022/23 benchmark. In line with SBTi’s net zero targets, anthropogenic carbon removals are anticipated to cover the remaining 10%.
Through its adoption of considered carbon reduction measures the Company is committed to progress its journey to becoming carbon neutral, achieving sustainable processes across the Company – Protecting What’ Important.