Homeserve

Homeserve's reported carbon emissions

HomeServe plc, a UK-based company operating in the "Other business services (74)" industry, reported total greenhouse gas (GHG) emissions of approximately 639 million kg CO2e for the year 2023. This figure encompasses Scope 1, 2, and 3 emissions. For Scope 1 emissions, the company reported approximately 21 million kg CO2e in 2023. Scope 2 emissions, calculated on a market-based approach, were approximately 4 million kg CO2e, while the location-based calculation for Scope 2 was around 2.5 million kg CO2e in the same year. Scope 3 emissions, representing the company's value chain, were substantial, totalling approximately 597 million kg CO2e in 2023. The largest contributors within Scope 3 were the "use of sold products" (approximately 515 million kg CO2e) and "purchased goods and services" (approximately 63 million kg CO2e). In 2022, HomeServe reported Scope 1 emissions of approximately 20 million kg CO2e and Scope 2 emissions of approximately 2.5 million kg CO2e (market-based). Scope 3 data was not disclosed for 2022. **Climate Commitments and Reduction Targets:** HomeServe plc has set an ambitious target to achieve a **38% absolute reduction in GHG emissions by 2031**, using 2022 as a base year. This overarching target aligns with a 2-degrees temperature pathway. Specifically, the company aims for: * A **38% absolute reduction in Scope 1 and 2 emissions** by 2031 from a 2022 base year. * An **11.1% absolute reduction in its value chain (Scope 3) emissions** by 2031 from a 2022 base year. These targets are validated by the Science Based Targets initiative (SBTi) as being consistent with reductions required to keep global warming to 1.5°C. The company noted that it will be re-evaluating these targets following material changes to its business. The company's emissions data and reduction targets are cascaded from its ultimate parent, HomeServe Limited.