Prager Metis LLP has today announced it has reached the first level of certification to becoming a Net Zero business, working with climate action platform, Net Zero Now. Prager Metis LLP, based in London which employs 43 staff, has calculated its Greenhouse Gas emissions for a full year of operations, created a reduction plan to cut emissions and compensate for any unavoidable emissions and set a target date for implementation. Upon hitting those reduction targets by the due date Prager Metis LLP will reach the second stage of certification and become fully “Net Zero”.
With the world in climate crisis, the global scientific community agrees that reaching Net Zero is the best chance we have of keeping global warming to manageable levels. The UK government has set a target for our economy to be Net Zero by 2050, and while many firms want to take action, they often lack the necessary knowledge and tools to get to Net Zero. The Net Zero Now platform allows small businesses to measure and reduce their carbon emissions using an industry-backed platform that has been created to reflect the needs and requirements of businesses on a sector by sector basis.
According to the UN, a business will have reached Net Zero when it has cut its greenhouse gas emissions to as close to zero as possible, with any remaining emissions re-absorbed from the atmosphere, by oceans and forests for example. The “On the Road” certification is the first milestone of the journey towards Net Zero. The registered certification mark “On the Road to Net Zero” recognises that a business has calculated emissions in accordance with global best practice and set ambitious yet achievable goals in line with the industry standard.
As part of its plans to reach Net Zero, Prager Metis LLP will remove 77.028 tonnes of greenhouse gases from its operations by doing the following: –
· Complete our annual carbon footprint calculation, in accordance with the requirements of the relevant NetZero Protocol.
· Take action to achieve the following ambitious GHG reduction targets in order to restrict warming to less than 1.5°C:
o Near term – At least 30% reduction of our scope 3 emissions within 5 years
o Long term – At least 90% reduction across all of our emissions, including scope 3, by 2050.
· To demonstrate our commitment to transparency and advocacy, we will publish each year the validated annual footprint, targets, action taken and progress towards reaching net zero.
· Once we reach the long-term reduction target, we commit to purchase and retire certified carbon offsets equivalent to our remaining emissions.
The Net Zero Now Certification is the final step in a process to assess each business’ progress to Net Zero and provide a recognised and trusted way to communicate that progress to their customers, employees, investors and other stakeholders. To retain the “On the Road to Net Zero” Certification, businesses must complete and publish a validated carbon footprint and demonstrate continual progress towards reaching their reduction targets each year.
Simon Winters, Partner of Prager Metis LLP says:
“We’re delighted to have reached this important milestone on the way to becoming a Net Zero business. We know our staff and customers want to see us take action on climate change and understanding the sources of our emissions is the first step. We’re determined to reduce our emissions and build a more sustainable future for our business, our customers and ultimately our planet.”
Simon Heppner, Executive Director of Net Zero Now says:
“We’re on a mission to help every small and medium sized business in the UK get to Net Zero – given that SMEs are responsible for almost half of business-related emissions. It’s an absolute pleasure to have Prager Metis LLP join us on the journey to becoming a Net Zero business.
Every firm across the UK should have the tools to take action on the climate crisis and we’re proud to offer our platform and certification to companies like Prager Metis LLP. I encourage more firms to get on board.”
