Carbon Emissions Report

Date: 1st Nov 2023

Kortical is a Carbon Neutral organisation!

Kortical is an energy efficient organisation and for those elements that we cannot control, like our serviced offices energy supplier or on the rare occasion where we need to fly to move our business forward we offset those emissions investing 2 times what is required to offset those carbon emissions to be a Carbon Neutral company.

Financial Year End Oct 2023 Carbon Emissions Report

Scope 1 Zero - we do not own any buildings, plants or vehicles
Scope 2 Zero - we lease our offices, that include energy which is covered in Scope 3
Scope 3 We use carbon neutral suppliers where possible - Google Cloud for compute, Hubspot, Xero, Github

For where we can’t find carbon neutral substitutes we have the following:

  • Buildings leased
  • Software that is not carbon neutral
  • Equipment Purchased
  • Flights
  • Employee Commute
  • Taxis
= 11.354 tCO2e
Total Carbon 11.354 tCO2e - offset this carbon to become Carbon Neutral
Vs 11.53 tCO2e (Oct ‘22) = 1.53% reduction in Carbon emissions

Kortical has already achieved notable carbon efficiency, particularly with a reduction in our carbon footprint, as evidenced by the fact that our entire team took no flights last year. This indicates that there are limited additional savings we can make in this area.

Carbon Offsetting

To offset the carbon that we cannot avoid using, we are funding, via Ecologi, for every 1 tCO2e, three trees are planted in the UK, 20 additional trees are planted globally and an additional 1 tCO2e is offset through various evidence tracked carbon reduction projects, which Ecologi publish here to guarantee the emission reductions. Projects include wind farms in Thailand and planting in Madagascar as well as tree planting in the UK.

Last year we offset 20.742 tCO2e which was 100% more than required to be sure that we are capturing all carbon and this year we will offset 100% more than is required as we will continue the same level of investment into the environment.

Total Carbon Reduced

Carbon Reduction Plan

We have seen a reduction in our carbon usage by 1.5% vs 2022. We will continue to monitor where the carbon in our supply chain is and where there are Carbon Zero alternatives, we will endeavour to switch to them, with a goal of being Carbon Net Zero by 2030.

Declaration and Sign Off

This Carbon Reduction Plan has been completed in accordance with PPN 06/21 and associated guidance and reporting standard for Carbon Reduction Plans.

Emissions have been reported and recorded in accordance with the published reporting standard for Carbon Reduction Plans and the GHG Reporting Protocol corporate standard and uses the appropriate Government emission conversion factors for greenhouse gas company reporting.

Scope 1 and Scope 2 emissions have been reported in accordance with SECR requirements, and the required subset of Scope 3 emissions have been reported in accordance with the published reporting standard for Carbon Reduction Plans and the Corporate Value Chain (Scope 3) Standard.

This Carbon Reduction Plan has been reviewed and signed off by the board of directors.

Signed by:

Andy Gray Signature

Andy Gray
CEO / Co-Founder