Last Updated: April 2023
This Carbon Reduction Plan outlines the guidelines and procedures for the BAM Agency to reduce its carbon emissions and mitigate the impacts of climate change. The plan is designed to identify the key sources of carbon emissions, establish reduction targets, and implement measures to achieve these targets. BAM Agency is committed to achieving Net Zero emissions on or before 2050.
Sources of emissions:
The carbon emissions from the BAM Agency will be identified by conducting a comprehensive greenhouse gas (GHG) inventory, including Scopes 1, 2, and required Scope 3 emissions. The inventory will include emissions from energy consumption, transportation, waste management, and other sources related to the BAM Agency’s operations.
The GHG inventory will be updated annually to reflect changes in the organisation’s operations and the latest GHG reporting standards. A base year with Scopes 1, 2, and required Scope 3 emissions data will be established for comparison. The current year’s emissions data will also be reported.
Targets and goals:
BAM Agency will establish ambitious, science-based targets for reducing GHG emissions by the 1st of July 2023. The targets will be consistent with the Paris Agreement’s goals and informed by the latest climate science and best practices.
The targets will be set for short-term and long-term periods and regularly reviewed and updated as necessary. In addition, current year emissions data for Scopes 1, 2, and required Scope 3 emissions will be reported for tracking progress.
Measures to reduce emissions:
BAM Agency will implement a range of measures to reduce its GHG emissions by the 1st of November 2023
- Investing in energy-efficient equipment and systems, such as LED lighting, intelligent building management systems, and renewable energy sources.
- Creating policies that promote low-emissions modes of transportation, such as public transport, cycling, and walking, and encouraging the use of electric and hybrid vehicles.
- Reducing waste generation and implementing waste reduction and recycling programs.
- Encouraging staff members to adopt sustainable practices, such as reducing energy consumption, minimising paper use, and using reusable items.
- Engaging with suppliers and stakeholders to promote sustainability and reduce the supply chain’s carbon footprint.
BAM Agency will prioritise measures that deliver the most significant emissions reductions and provide the highest return on investment.
Monitoring and reporting:
BAM Agency will establish a monitoring and reporting framework within the next three months to track its progress in reducing its GHG emissions. The monitoring and reporting framework will include annual reporting on GHG emissions, progress against reduction targets, and the effectiveness of measures implemented. In addition, BAM Agency will publicly make the monitoring and reporting data available to demonstrate its commitment to carbon reduction and encourage others to follow its example.
Steps towards Net Zero target:
BAM Agency will develop and implement a Net Zero roadmap within the next six months, outlining specific steps and actions to achieve its Net Zero target by 2050 or earlier. This roadmap will include short-, medium-, and long-term initiatives, along with key performance indicators and milestones to ensure progress towards Net Zero is being made.
This Carbon Reduction Plan has been completed in accordance with PPN 06/21 and associated guidance and reporting standard for Carbon Reduction Plans. Emissions have been reported and recorded in accordance with the published reporting standard for Carbon Reduction Plans and the GHG Reporting Protocol corporate standard and use the appropriate Government emission conversion factors for greenhouse gas company reporting. Scope 1 and Scope 2 emissions have been reported in accordance with SECR requirements, and the required subset of Scope 3 emissions have been reported in accordance with the published reporting standard for Carbon Reduction Plans and the Corporate Value Chain (Scope 3) Standard. This Carbon Reduction Plan has been reviewed and signed off by the board of directors (or equivalent management body).
By signing this declaration, the signatory confirms their commitment to achieving the goals and objectives outlined in this Carbon Reduction Plan and to working towards Net Zero emissions by 2050 or earlier. The signatory also affirms that the information provided in this plan is accurate and in compliance with the guidelines set forth by PPN 06/21.