About our
CO₂ Performance Ladder
REDUCTION TARGETS
Having a positive impact on our planet is the core mission of Hydroko’s business. With the aim to reduce the environmental impact of our activities. We’ve set ambitious targets to reduce our emissions. A target is set both in the short term (2026) and long term (2030) in comparison to the base year 2022. To maintain a good balance between ambition level and feasibility, the criteria established by the Science Based Targets Initiative (SBTi)1 were implemented as the guiding principle for the reduction targets within the context of Hydroko.
This approach allows the reduction targets to be aligned with an ambition that focuses on ensuring the limitation of global warming to 1,5°C. The following sections provide an explanation of the reduction targets on Scope 1 (direct emissions from company vehicles, heating oil and refrigerant leakage), Scope 2 (indirect emissions from purchased electricity and solar PV-self consumption) and Business Travel.
Reduction Targets Scope 1 & 2
Following SBTi, Hydroko must achieve a 25,2% Scope 1 & 2 reduction by 2026 and a 42% Scope 1 & 2 reduction by 2030 in comparison to the base year 2022 in order to be in line with the 1,5°C limitation of global warming. In the following figures (Figure 1 & 2) an extract of the SBTi target setting tool is shown for the short- and long-term targets.
Short term
Long term
When setting a target, it is crucial to consider how a company’s growth might impact its emissions. Hydroko aims to have a growth of 50% turnover by 2028. The growth will be within the existing boundaries of Hydroko, meaning no significant increase in employees, company cars or expansion of the buildings. For this reason, Hydroko aims to be more ambitious than the SBTi. The following Scope 1 & 2 reduction targets were set:
• Scope 1: 50% reduction by 2026 relative to 2022.
• Scope 1: 80% reduction by 2030 relative to 2022.
• Scope 2: 100% reduction on the Tank-to-Wheel (TTW) emissions by 2026 relative to 2022.
ACTION PLAN
To achieve the reduction targets, Hydroko has identified the following measures. Where possible, the expected emission reduction is quantified both in absolute terms and as a percentage. Additionally, the planned execution date and the responsible person for the implementation are indicated. These measures are based on the outcomes of the energy assessment performed by Greenfish and the actions identified during reduction workshop. Several of the selected measures have already been implemented. Hydroko will implement other measures in the coming period to ensure the intended reduction.
Company Cars
Car fleet electrification by 2024
Hydroko commits to greenify its car fleet by moving away from petrol cars. Since 2018, the fleet is getting replaced with hybrid cars. Between 2023 and 2024, half of the fleet will even be replaced by electric cars.
A simulation shows that electrifying the car fleet, a CO₂-reduction is possible of: ~2.400 kg CO₂e (22%) of Scope 1 emissions from company cars.
Bike commuting by 2023 - …
Hydroko commits to stimulate its employees switch to bike commuting between home and the office. Currently, already a bike allowance is in place, but Hydroko will investigate other rewarding options and look into ways to inform its employees about the positive environmental impact of cycling. (e.g. workshop, mailing…).
A simulation shows that commuting on average 2 days per week by bike, a CO₂-reduction is possible of: ~3.500 kg CO₂e (32%) of Scope 1 emissions from company cars.
Green Electricity
Purchase 100% green electricity from Belgium (GoOs) by 2024
100% reduction: the WTT emission of green electricity are zero. This will lead to a reduction of 2,13t CO₂e.
Energy
Warm Sweater Day by 2024
Hydroko commits to organize a “warm sweater day” at least once per year in order to reduce the energy consumption for heating.
Business Travel
Encourage alternative modes of transportation: train travel instead of plane travel for short hauls by 2023
As stated before, business travel emissions are not expected to decrease in the coming years due to the growth of Hydroko. While acknowledging the environmental impact, Hydroko is committed to addressing this challenge. Efforts will be concentrated on reducing emissions from short haul flights through sustainable alternatives. When 10% of the short haul flights are replaced by train, a 5% CO₂ reduction is possible.
Projects with CO₂ performance ladder award advantage
Project SWDE: Raccords domestiques (2023)