Published January 2024

Introduction

Etic Lab is committed to addressing the climate crisis by reducing its carbon footprint and fostering sustainable practices within its operations and supply chains. This Decarbonisation Plan outlines a roadmap to achieve net-zero carbon emissions, aligning with global sustainability goals and reinforcing our commitment to ethical and responsible innovation.

Goals and Targets

1. Net-Zero Emissions: Achieve net-zero carbon emissions by 2035.

2. Reduction Milestones:

   – 25% reduction in emissions by 2026.

   – 50% reduction in emissions by 2030.

   – 75% reduction in emissions by 2033.

3. Sustainable Innovation: Integrate sustainability principles into all research, development, and operational activities.

Emissions Baseline

A comprehensive audit will be conducted to establish a baseline for current carbon emissions. This audit will cover:

  • Scope 1: Direct emissions from office heating and company-owned vehicles.
  • Scope 2: Indirect emissions from purchased electricity.
  • Scope 3: Other indirect emissions, including business travel, procurement, waste management, and employee commuting.

Key Strategies for Decarbonisation

1. Energy Efficiency

2. Sustainable Mobility

3. Sustainable Procurement

4. Waste Reduction

5. Digital Decarbonisation

6. Carbon Offsetting

Monitoring and Reporting

  – Reduction in energy consumption (kWh/year).

  – Percentage of renewable energy use.

  – Decrease in business travel emissions.

Engagement and Collaboration

1. Employee Engagement

2. Client Collaboration

3. Community Involvement

YEARKEY MILESTONES
2024Establish emissions baseline and audit processes. 
2025Transition to 50% renewable energy in operations.
2026Achieve 25% reduction in emissions.   
2030Achieve 50% reduction in emissions. 
2033Achieve 75% reduction in emissions. 
2035Achieve net-zero emissions.