Alfa Financial Software Holdings

Alfa Financial Software Holdings's reported carbon emissions

## Alfa Financial Software Holdings: Carbon Emissions and Climate Commitments Alfa Financial Software Holdings PLC, headquartered in Great Britain and operating within the computer and related services industry, has established ambitious climate targets. The company has committed to reaching net-zero emissions by 2050, with a significant interim goal of reducing its total greenhouse gas emissions (Scope 1, 2, and 3) by 90% by 2050, using 2022 as a baseline year. **Emissions Performance:** For the reporting year 2024, Alfa Financial Software Holdings reported a total of approximately 3.05 million kg CO2e. This figure comprises: * **Scope 1:** Approximately 21,000 kg CO2e. * **Scope 2:** Approximately 49,140 kg CO2e (location-based). * **Scope 3:** Approximately 3.03 million kg CO2e, with the largest contributors being purchased goods and services (approximately 1.39 million kg CO2e) and business travel (approximately 975,000 kg CO2e). In 2023, the company's total emissions were approximately 3.97 million kg CO2e. This breaks down as: * **Scope 1:** Approximately 28,000 kg CO2e. * **Scope 2:** Approximately 46,150 kg CO2e (location-based). * **Scope 3:** Approximately 3.92 million kg CO2e, with purchased goods and services (approximately 2.21 million kg CO2e) and business travel (approximately 1.05 million kg CO2e) being the primary sources. In 2022, Alfa Financial Software Holdings reported total emissions of approximately 1.67 million kg CO2e, consisting of: * **Scope 1:** Approximately 51,000 kg CO2e. * **Scope 2:** Approximately 58,000 kg CO2e (location-based). * **Scope 3:** Approximately 1.56 million kg CO2e, with purchased goods and services (approximately 681,000 kg CO2e) and employee commute (approximately 428,000 kg CO2e) being the most significant categories. Previous years show: * 2021: Approximately 147,000 kg CO2e in total emissions. * 2020: Approximately 212,000 kg CO2e in total emissions. * 2019: Approximately 821,000 kg CO2e in total emissions. * 2018: Approximately 890,000 kg CO2e in total emissions. **Climate Commitments and Targets:** Alfa Financial Software Holdings has aligned its climate strategy with the Science Based Targets initiative (SBTi), demonstrating a commitment to reducing its environmental impact. Key commitments include: * **Near-Term Reduction:** A commitment to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2022 as the base year. The company also commits to measuring and reducing its Scope 3 emissions within this timeframe. * **Net-Zero Goal:** A long-term commitment to achieve net-zero emissions by 2050. * **Long-Term Reduction:** As part of the net-zero goal, Alfa Financial Software Holdings aims to reduce its overall Scope 1, 2, and 3 emissions by 90% by 2050, against a 2022 baseline. These targets are approved through a streamlined validation route for small and medium-sized enterprises (SMEs). The company's reporting indicates that its targets for Scope 1 and 2 emissions are consistent with the reductions required to keep global warming to 1.5°C.