Date: 17/10/2024
Version: 1

Alectro Ltd has been contracted by Think to independently calculate the carbon footprint according to The GHG Protocol Corporate Accounting and Reporting Standard. The project calculated the carbon footprint in units of carbon dioxide equivalent emissions (CO2e) for 2024.

Project responsibilities

Think was responsible for the reliability, accuracy and completeness of the records, particulars and information provided and disclosure of all material and relevant information.

Project boundaries

Organisational boundaries

We have used the operational control approach to establish the organisational boundary of carbon reporting. As defined by the GHG Protocol, this includes operations where we have the full authority to introduce and implement operating policies. Under this approach, 100% of GHG emissions from all owned and leased facilities over which Think has direct operational control are included.

Operational boundaries

All GHG emissions associated within the organisational boundary operations are included and categorised as Scope 1 (direct), Scope 2 (required indirect), and Scope 3 (optional indirect) emissions.

Categories:

• Scope 1 – Direct Fuel Combustion from boilers and company vehicles, and fugitive emissions from refrigerants.
• Scope 2 – Purchased Electricity (location and market based)
• Scope 3 – All emissions relation to business operations:
  • Transmission and Distribution losses from electricity
  • Water-use and wastewater
  • Business travel (All transportation by air, public transport, rented vehicles, business mileage, and taxi), and hotel stays
  • Employee commute
  • Purchase goods (including electronics and material goods)
  • Paper use
  • Transportation and Distributions of goods
  • Office waste generated
  • Food and drink and company events
  • Cloud computing

• Excluded emissions – No emissions have been knowingly excluded from the calculations. Some categories have been calculated as having zero impact. Think will continually re-evaluate operations and will strive to encompass all emissions under the operational boundary defined.

Reporting methodology

• World Resources Institute (WRI) Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (GHG Protocol)
• World Resources Institute (WRI) Greenhouse Gas Protocol: The Corporate Value Chain (Scope 3) Accounting and Reporting Standard

Results

The results of the analysis returned an emissions profile outlined below:

Concluding Remarks

Think has completed this project with an intention to operate with environmental responsibility in perpetuity. As part of this project, Alectro’s Virtual Sustainability Officer is helping to drive continuous improvement in day-to-day operations as Think aims to align with The Paris Agreement, pursuing efforts to limit the temperature increase this century to below 1.5 degrees Celsius.

Conclusion

In line with the Word Resource Institute (WRI) GHG Accounting and Reporting Principles, this analysis and report have been conducted to ensure that the information is a true and fair account of Think and its current situation. The report is based on the principles of Relevance, Completeness, Consistency, Transparency, and Accuracy.