Date: 17/10/2024

Version 1:

This document will support our Net Zero Reduction Plan and be managed within the Virtual Sustainability Officer®.

Mission

At Think we are committed to promoting sustainability, protecting the environment, and creating a prosperous world for future generations. Promoting a broader sustainability agenda is integral to Think’s professional activities and our management. We aim to lead by example by following good sustainability practices, reducing the direct environmental impacts of all our activities, advancing our positive contributions to the planet and our society, and helping our clients and partners to do the same.

Principles

In order to fulfil our mission, this Sustainability Policy is based on the following principles:

• To make data-led decisions to reduce our operational footprint whenever possible, and set science-based targets that we are committed to reaching.
• To minimise the impact on the planet of all day-to-day activities including responses, wider travel, purchasing, working practices, and disposal.
• To integrate sustainability considerations into all our business decisions.
• To help our employees to engage with, and implement our sustainability initiatives.
• To engage with clients and suppliers to help them to adopt their own sustainability practices.
• To review, annually report on, and continually strive to improve our sustainability performance.
• To conduct our sustainability efforts with complete transparency.

Practice

To put our principles into practice we will do the following:

• To formalise Sustainable Thinking into quarterly meetings
• Use a third-party company to annually audit and report our carbon footprint, and review our performance against predefined metrics.
• To offset unavoidable emissions and operate as a carbon-neutral company.

Our actions will support our net-zero goals directly by implementing the following steps:

For all of our operations we will continue to target emission hotspots to reduce emission intensive components of our business as quickly as possible.

For our employees, we will:

• Support and educate employees to ensure they have the skills and knowledge to reduce their personal impact inside and outside of the workplace.
• This will include helping them to reduce their commute and working from home impact.

For our travel policy, we will:

• If viable, use video-conferencing as an alternative to face-to-face meetings.
• Prioritise train travel for long-distance travel, and if European travel is required, we will consider whether train travel is a viable option.

In our office we will:

• Minimise our use of paper and other office consumables.
• As far as possible arrange for the reuse or recycling of office waste, including paper, and e-Waste (computer supplies and redundant equipment).
• Reduce the energy consumption of office equipment by purchasing energy-efficient equipment.

Through our supply chain we will:

• Challenge and encourage companies, clients, and partners we work with to join us in committing to an environmentally responsible future.
• Use an Environmentally Preferred Procurement strategy for purchasing decisions.

In our facilities we will:

• Seek to procure 100% low-carbon power for our facilities.
• Aim for zero emissions from direct combustion of fuels.
• Keep up to date with our leasor’s Sustainability Policy, and challenge, wherever we believe, is necessary.

Key Carbon Performance Indicators (KCPIs)

Each year we track our performance through KCPIs, which contribute to an overall emission reduction target. During initial growth, the main KCPI will be our tCO2e/employee value. We will strive to keep this as close to current limits as possible.

Our net zero statement

At Think we are committed to promoting sustainability, protecting the environment, and creating a prosperous world for future generations. Promoting a broader sustainability agenda is integral to Think’s professional activities and our management.

We aim to lead by example by following good sustainability practices, to reduce the direct environmental impacts of all our activities, advance our positive contributions to the planet and our society, and to help our clients and partners to do the same.

Think is committed to being net-zero aligned by 2050. We will do this by aligning our Scope 1, Scope 2, and Scope 3 emissions to the following:

We will make Scope 1 emissions zero by 2030. We will do this by working with our facilities team to minimise the use of fossil fuel for heating then We will do this by transitioning our fleet to electric vehicles

We will make Scope 2 emissions zero by 2030. We will do this by ensuring we are supplied by low carbon electricity sources.

We will reduce our Scope 3 emissions by 42% by 2030 in line with the Science Based Targets initiative. We will do this by:

1. We will do this by encouraging and supporting our employees as they transition to low-carbon modes of transport
2. We will do this by purchasing from suppliers who have strong net zero commitments that match our ambition
3. We will do this by swapping our infrastructure to low carbon regions and auto-scaling uptime

We will also do this by aligning at least 80% of our supply chain to a high standard including (but not limited to) published carbon reporting and a published net zero plan.

We will review this at a later date if things change.