Environment
Sustainability is at the heart of our operations, and we recognise the environmental impact of our activity. Therefore, we are motivated in advocating and implementing sustainable practices within our business model and taking action to reduce our emissions and manage our environmental impact.
Carbon balance sheet
The Carbon Balance Sheet contains Eneraqua’s full greenhouse gas (GHG) emissions inventory for February 2023-January 2024
| Emissions Scope | FY24 GHQ emissions tCO2e | FY23 GHG emissions tCO2e |
|---|---|---|
| Scope 1 | 807 | 699 |
| Scope 2 (location-based) | 18 | 12 |
| Scope 2 (market-based)1 | 28 | N/A2 |
| Scope 3 | 73,425 | 20,618 |
| Total GHG emissions (location-based) | 74,250 | 21,329 |
2. Market-based calculations not completed in FY23.
Our FY24 client solutions generated lifetime savings of 325,000 t/CO2e
The carbon balance sheet shows the Group’s total greenhouse gas emissions increased by 248% between FY23 and FY24. The heightened delivery operations throughout the Group have led to a rise in Scope 3 emissions. This increase is primarily driven by the growing demand for renewable heating solutions and Control Flow HL2024® technology. Consequently, the fuel consumption for our support infrastructure equipment, including drill rigs, generators, and compressors used for commercial and domestic ground source heat pump projects, experienced greater demand in tandem with the increased project deliveries.
At the same time our products and services delivered carbon savings of 325,000 t/CO2e.
Waste management
We also have an impact on the environment through the waste we produce. In FY24, we collected data across our global locations to ascertain our waste patterns and disposal patterns better. We are able to utilise this data to develop plans to minimise waste and enhance waste management practices across several of our locations including implementing improved waste segregation, recycling practices and embracing the circular economy in the long term.
We prioritise effective communication with our employees to underpin the significance of waste management. This proactive approach ensures that our employees are engaged and committed to our waste reduction efforts. Now we know our baseline, in FY25, we will be setting targets to reduce our waste.
Employee’s approach to the environment
Our employees are at the centre of our operations and they actively champion sustainable practices both at work and at home to raise awareness of environmental issues and encourage responsible behaviours. We prioritise empowering our employees by providing opportunities to engage in environmental improvement programmes, ensuring their contributions have a meaningful impact.
Biodiversity
We are committed to preserving biodiversity and managing potential impacts stemming from our operations. We understand there is a global threat to biodiversity from climate change and human activity, so we seek to mitigate any negative impacts caused by our business. We recognise that ecosystem services play a crucial role in supporting life on Earth, providing essential benefits, and that preserving biodiversity is integral to upholding this balance.
Our approach integrates biodiversity considerations into every project, including conducting environmental and biodiversity assessments on the local area to identify and address potential impacts on local ecosystems. Once we’ve completed a site-based project, we restore the landscapes used in our projects to an original or improved state to safeguard the local biodiversity and ecosystems. This holistic approach reflects our dedication to environmental stewardship and corporate governance.
