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At Spencer Ogden, we commit to going beyond standard requirements to support our sustainability objectives.

We hold ourselves accountable for the environmental impact of our business operations, recognising that elements such as heating and business travel negatively impact on our CO2 emissions. We have therefore invested in carbon credits to offset that impact.

With Furthr, we are offsetting our 2023 carbon footprint by funding 3 global projects, in Burundi, India and Pakistan.

Impact
Spotlight
Highlights

2184

2023 Footprint (tCO2e)

6

GHG Scope 3 categories covered

3

Projects in 2024 Portfolio

17

Project SDGs Certified

Emissions Breakdown
2022 Emissions
2023 Emissions
Annual Comparison


Emissions by Scope


Material Scope 3 Categories

Baseline Measurement

Spencer Odgen began to measure its emissions.

2019

Sustainable Travel

The company outlined its sustainable business travel policy.

March 2020

Corporate Purpose

Launch of the new corporate purpose 'creating careers to power a sustainable future' and shift in business model towards sustainability markets.

March 2021

Partnership

Launch of the partnership with Seven Clean Seas.

June 2021

Partnership

Launch of the partnership with Cool Earth.

Aug 2021

Internal Carbon Report

Produced first internal carbon report.

Aug 2021

ESG Team

Launched the ESG team, hiring an ESG & Sustainability coordinator.

Oct 2022

ESG Newsletter

Launched internal ESG newsletter.

Dec 2022

TCFD Report

Disclosed limited TCFD report in financial accounts.

May 2023

SBTi Target Validation

Achieved verification of SBTi Science Based Targets of Net-zero by 2030 target.

Aug 2023

Leadership Objective

Set strategic objective to become the Sustainability Staffing Leader.

Oct 2023

Spencer Ogden's
Climate Journey
Impact

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10,000

Flights
London-Rome

204o

Car Trips
London-Manchester

10,000

M² Sea Ice
Saved

10,000

Beef Steak
Consumed

204o

Years of
Home Power

10,000

Parcels
Delivered

Spencer Ogden's Reports
Carbon Offset Portfolio

80%

Carbon Removal

20%

Carbon Avoidance

1

IFM Project

68

tCO2e offset

Smallholder Agroforestry, Uganda

51

tCO2e offset

CO2OL Biodiverse Forests, Panama

221

tCO2e offset

Darkwoods Forest Carbon Project, Canada

Portfolio Deep Dive

The Problem

In British Columbia, liquidation logging is legal and not uncommon on private land. Logging is a major contributor to greenhouse gas (GHG) emissions and loss of biodiversity. The Darkwoods property had a history of sustainable forest management with a moderate harvest level. This means that there was still a significant amount of old growth forest in the project area when it was listed for sale, providing an opportunity for liquidation logging and other industrial logging practices and/or extensive real estate development, or for conservationists to step in.

The Solution

Nature Conservancy Canada purchased the land for conservation to avoid its use for commercial forestry - and the associated release of carbon emissions. Instead, the project focuses on protecting and enhancing the diverse ecosystems found in the area (IFM - Improved Forest Management). Low levels of timber removal will happen periodically, but only as part of better managing the forests: for example to reduce forest fire risk from excess new growth.

Darkwoods Forest Carbon Project, Canada

Canada

3

IFM

Mixed Solution

2024 -

221

tCO2e offset

2022 - 

1000

tCO2e offset

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Darkwoods Forest Carbon Project, Canada

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The Problem

In Uganda, wood use, agriculture and increasing population have been key factors in deforestation. The International Small Group and Tree Planting Program (TIST) empowers Small Groups of subsistence farmers in India, Kenya, Tanzania, and Uganda to combat the devastating effects of deforestation, poverty and drought.

The Solution

The TIST program is a completely voluntary scheme for small landowners. Currently, there are 22 580 TIST participants in total from across 1641 villages in Uganda, which have planted more than 7 million trees. Farmers receive a payment per tree every year, plus a 70% revenue share from the sale of the carbon credits these trees produce, as a direct cash payment. Furthermore, each planted tree creates an additional value of $8 for the farmers. This includes fruits, nuts, fodder, traditional medicines, sustainable wood products and firewood (from dead trees and thinnings).

Smallholder Agroforestry, Uganda

Uganda

17

Afforestation (ARR)

Carbon Removal

2024 -

221

tCO2e offset

2022 - 

1000

tCO2e offset

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Smallholder Agroforestry, Uganda

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The Problem

From 2002 to 2023, Panama lost 19% of its total tree cover. This includes large areas of primary forests, cut down to make way for agriculture and mono-cropping. These changes to the landscape limit the country’s carbon sequestration capacity, threaten biodiversity and leave parts of Panama at much higher risk of erosion, soil degradation, and contamination from agricultural runoff.

The Solution

ForestFinance are reforesting land previously used for cattle ranching with a mixture of native species, species used for sustainable timber production and organic agriculture. This combination promotes biodiversity in the area, improves carbon sequestration, and supports economic growth in the region.

CO2OL Biodiverse Forests, Panama

Panama

5

Afforestation (ARR)

Carbon Removal

2024 -

221

tCO2e offset

2022 - 

1000

tCO2e offset

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CO2OL Biodiverse Forests, Panama

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