High Speed 1

High Speed 1's reported carbon emissions

High Speed 1 (HS1), operating in the railway transportation services industry in GB, has reported its carbon emissions for the years 2020 through 2023. In 2023, HS1 recorded total emissions of approximately 12.8 million kg CO2e. This figure comprised about 1.1 million kg CO2e for Scope 1 emissions and approximately 10.4 million kg CO2e for Scope 2 (market-based). Scope 3 emissions for 2023 were around 1.3 million kg CO2e. In the preceding year, 2022, HS1's total emissions were approximately 2.9 million kg CO2e. This included roughly 1.4 million kg CO2e for Scope 1 and approximately 1.5 million kg CO2e for Scope 3. Scope 2 emissions for 2022 were reported as 0 kg CO2e using the market-based approach, though the location-based figure was about 13.6 million kg CO2e. For 2021, total emissions for HS1 were approximately 2.8 million kg CO2e, with Scope 1 at about 1.7 million kg CO2e, Scope 2 (market-based) at approximately 0.3 million kg CO2e, and Scope 3 at about 0.9 million kg CO2e. In 2020, total emissions stood at approximately 14.5 million kg CO2e, comprising about 1.5 million kg CO2e for Scope 1, 11.7 million kg CO2e for Scope 2 (market-based), and approximately 1.3 million kg CO2e for Scope 3. HS1 has established climate commitments aligned with Science Based Targets initiative (SBTi) standards. HS1 Ltd and London St. Pancras Highspeed are committed to reducing Scope 1 and Scope 2 greenhouse gas emissions by 46% by 2030, using 2019 as the base year. They also commit to measuring and reducing their Scope 3 emissions. These targets are classified as near-term and are consistent with reductions required to keep warming to 1.5°C. The organization is reportedly on track for its two-year SBTi target.