The business operations of Technology & Strategy present both environmental challenges and opportunities. Our commitment to the environment is part of a sustainable approach to transforming environmental objectives into drivers of economic development. T&S continually aims to improve its environmental performance by setting relevant objectives and targets.

In the face of the climate crisis, a carbon footprint assessment has become essential. It allows us to measure and analyze greenhouse gas (GHG) emissions, providing a crucial foundation for effective reduction strategies.

At Technology & Strategy, we firmly embrace a low-carbon approach, positioning ourselves as key contributors to the ecological transition. We conduct an annual assessment of our carbon footprint to identify our main emissions streams and where to focus our reduction efforts. The assessment of our carbon emissions is based on the most widely used GHG protocol. This protocol provides a simple and transparent methodology for calculating and reporting your GHG emissions in three categories of emissions.

In 2023, Technology and Strategy Group’s total carbon footprint was 11,699 tCO2e, encompassing emissions from all three scopes.

Here’s the breakdown of our 2023 results:

      Scope 1: 19% of total emissions are direct emissions from sourcesowned or controlled by T&S.

Scope 1 represents direct emissions from T&S, mostly related to thecombustion of fossil fuels from owned or controlled buildings or vehicles. 93%of T&S scope 1 emissions are related to business trips and home-to-workcommuting in services vehicles. The remaining 7% come from refrigerant leakage and natural gas consumption. Scope 1 amounts to 19% of total emissions, which is relatively high for a tertiary sector company.

• Scope 2: 3% of total emissions come from indirect emissions frompurchased electricity, heat and cooling.

Scope 2 represents indirect emissions from T&S, related to networkelectricity consumption or heat/cold network consumption. Electricity emissions are highly dependent on the country. Renewable electricity consumption will not appear as scope 2 since it fully belongs to Scope 3. 92% of T&S scope 2 emissions come from electricity purchase, the rest coming from heat networks.     

• Scope 3: 78% of total emissions come from the remaining emissions thatoccur in the company’s value chain.

Scope 3 represents all other indirect emissions generated by the valuechain from the economic activity of the company: daily commuting, businesstravel, purchase of goods and services, capital goods, waste management, use of sold products, etc. Scope 3 emissions are largely dominated by 3 categories: Travel such as daily commutes (41%), Inputs (28%) and Capital goods (20%). The use of sold products from Englab and Topic make up most of the remaining Scope 3 emissions (9%).  Scope 3 amounts to 78% of total emissions; high scope 3 values are very common for tertiary sector companies.

Addressing all three scopes is essential for a comprehensive approach to reducing our company’s carbon footprint. By understanding and managing these emissions, we can make informed decisions and set ambitious targets for reducing our emissions and minimizing our environmental impact.

Within Technology & Strategy, we are deploying multiple initiatives to control our environmental impact and thus combating climate change.

Setting emission reduction targets is key to follow through with emission reduction goals. Furthermore, science is the part of the equation that helps us make educated decisions and implement successful actions.

The Science-Based Targets Initiative, also known as SBTi, encourages numerous actions to improve the global stance on climate change by providing companies with science-based criteria to assist them in reducing excessive emissions. The SBTi also defines and promotes best practices in reductions and net-zero targets in line with climate science.

In May 2023, Technology & Strategy Group took a significant step forward by committing to setting near-term science-based emissions reduction targets in accordance with the SBTI Criteria and Recommendation. These targets will be submitted to the SBTi for validation by the end of 2024.

 For the first time, all branches of Technology & Strategy have collectively made an environmental commitment. As part of this commitment, each branch actively participated in assessing the company’s carbon footprint. Going forward, they are dedicated to following a low-carbon path in alignment with the Science-Based Targets initiative (SBTi)

Here are the T&S Group 2023 Carbon footprint assessment results:

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Our commitment to environmental stewardship drives us to continuously improve and contribute to a sustainable future.