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GLIKOSOL

Carbon Reduction Plan

1. Introduction

Ceannaire Medical Ltd recognizes the urgent need to address climate change and commits to achieving carbon reduction by 90% by 2045. This plan outlines the steps and strategies to reduce our carbon emissions across all operations.

2. Baseline Assessment

  • Year of Baseline Assessment: 2023

  • Total Carbon Emissions (2023): 632,820 metric tons CO2e

  • Scope 1 Emissions: 4,610 metric tons CO2e (Direct emissions from owned or controlled sources)

  • Scope 2 Emissions: 2,960 metric tons CO2e (Indirect emissions from the generation of purchased electricity)

  • Scope 3 Emissions: 625,250 metric tons CO2e (All other indirect emissions)

3. Reduction Targets

  • Short-term Target (2025): Reduce total emissions by 20% (125,050 metric tons CO2e)

  • Medium-term Target (2030): Reduce total emissions by 50% (312,625 metric tons CO2e)

  • Long-term Target (2045): Reduction total emissions by 90% carbon neutrality (562,725) metric tons CO2e)

4. Key Strategies

  1. Energy Efficiency Improvements

    • Upgrade lighting systems to LED technology across all facilities by 2025.

    • Implement smart building systems to optimize heating, ventilation, and air conditioning (HVAC) by 2025.

    • Conduct energy audits annually to identify further energy-saving opportunities.

    • Move meeting to online where possible to reduce travel by internal colleagues by 2025.

  2. Renewable Energy Adoption

    • Transition to 100% renewable electricity by 2030 through on-site solar installations and power purchase agreements (PPAs).

    • Invest in wind energy projects to offset electricity consumption.

  3. Sustainable Transportation

    • Transition 50% of the company vehicle fleet to electric vehicles (EVs) by 2025 and 100% by 2030 (were possible).

    • Implement a carpooling program and incentivize the use of public transportation for employees were possible.

    • Provide EV charging stations at all company locations.

  4. Waste Reduction and Management

    • Achieve a 75% waste diversion rate from landfills by 2025 through enhanced recycling and composting programs.

    • Implement a zero-waste policy by 2030, focusing on reducing waste generation and increasing reuse and recycling.

    • Paperless office

  5. Supply Chain Engagement

    • Partner with suppliers to encourage and support their efforts in reducing their carbon footprints.

    • Implement a supplier code of conduct that includes sustainability criteria by 2030.

    • Conduct annual assessments of supplier emissions and set collaborative reduction targets.

    • Reduce number of international shipments and increase size of those being shipped by 2030.

    • Source from local supplies where possible.

  6. Carbon Offsetting and Sequestration

    • Invest in verified carbon offset projects, such as reforestation and soil carbon sequestration, to neutralize unavoidable emissions.

    • Support and participate in local and global reforestation initiatives.

5. Monitoring and Reporting

  • Establish a Sustainability Committee to oversee the implementation and progress of the carbon reduction plan.

  • Use advanced software to track and report emissions annually.

  • Publish an annual sustainability report detailing progress towards targets and any adjustments to the plan.

6. Employee and Stakeholder Engagement

  • Conduct regular training and awareness programs for employees on sustainability practices and carbon reduction initiatives.

  • Engage with stakeholders through transparent communication and collaborative projects to enhance community and industry-wide efforts.

7. Continuous Improvement

  • Regularly review and update the carbon reduction plan to incorporate new technologies, best practices, and feedback from stakeholders.

  • Set new, more ambitious targets as initial goals are met and exceeded.

Summary

Ceannaire Medical Ltd are committed reaching our targeted reduction plan and remain confident that our current and future measures will enable us to achieve our target reduction in advance of 2045.

Over the next ten years we plan to implement measures which will continue to drive down emissions. We aim to reduce emissions by a minimum of 4% each year.

Due to the nature of our business to reach net zero Ceananire medical Ltd will look to invest in cardon offsetting initiatives.

This plan outlines Ceannaire Medical Ltd Compliance with Action note PPM 06/21

Rory McNicholl, Director