In today’s world where the effects of climate change are becoming increasingly visible, environmental responsibility isn’t just a choice – it’s an imperative. Matrix iQ proudly announces its recent Financial Climate Contribution (FCC) to offset its FY22 corporate emissions1This covers our scope 1, scope 2 and scope 3 categories 1 (purchased goods and services), 3 (fuel- and energy-related activities), 5 (waste), 6 (business travel) and 7 (employee commuting) .Our FY22 corporate footprint amounted to 153 tonnes of CO2 equivalents, which, when visualised, equates to driving an average petrol-powered vehicle for 475,000 kilometres.2Based on an assumption of 0.32 kgCO2e per kilometre, from ClimatePartner
At the heart of our climate initiatives lies the understanding that every action starts with calculation. By analysing our carbon footprint, we’ve pinpointed the areas with the greatest potential for reduction. Defining and refining our Net Zero strategy is crucial for achieving our 2040 target. This strategy will empower us to set ambitious targets, enabling the implementation of effective measures towards a sustainable future. One significant stride in this direction has been the decision to transition our utility provider to United Gas and Power (UGP). With UGP’s energy mix now comprising 59% renewables, this move represents a shift towards sustainable practices. As we progress towards our goal of achieving Net Zero by 2040, our next aim is to rely entirely on 100% renewable energy sources.
While we plan and implement reduction strategies, we have made financial contributions to climate projects. Climate action transcends borders and financial divides; less affluent countries face disproportionate impacts with limited resources for climate investments. Hence, we’re dedicated to funding certified climate projects, which help combat global warming, support local communities, and align with the UN Sustainable Development Goals. We’re contributing to renewable energy projects across Asia, including wind, solar, hydropower, and biomass initiatives. This diverse portfolio not only generates renewable energy but also creates jobs, advancing the energy transition and reducing emissions from fossil fuels.
In addition, we are contributing to tree planting initiatives in the UK that promote the growth of diverse, resilient forests. This approach enhances biodiversity and fosters the development of sustainable woodlands.
In conclusion, our FCC certification is not merely a symbol; it’s the start of meaningful climate action as we define our strategy for Net Zero by 2040.