Our commitment to achieving Net Zero emissions by 2050, published in accordance with the UK Government Procurement Policy Note 06/21.
This Carbon Reduction Plan has been completed in accordance with PPN 06/21 and associated guidance. Emissions have been reported in accordance with the GHG Reporting Protocol Corporate Standard and use Government-approved emission conversion factors.
Committed to Net Zero by 2050
Virtus Contracts is committed to achieving Net Zero greenhouse gas emissions by 2050. This plan outlines our baseline emissions footprint, reduction targets, and the initiatives we have introduced, and plan to introduce to deliver on that commitment.
Our targets align with the Science Based Targets initiative (SBTi) pathway to limit global warming to 1.5°C above pre-industrial levels. Our 2025 baseline year captures all Scope 3 emissions categories associated with our site-based activities, representing the most comprehensive picture of our total emissions footprint to date.
50% Reduction by 2030
Our near-term target under the Science Based Targets initiative pathway.
247 tCO₂e
Projected emissions by 2030, down from 496.98 tCO₂e baseline
Baseline Emissions Footprint
Baseline emissions are the reference point against which all future emissions reduction can be measured. Our baseline year is 2025, the first year in which all Scope 3 emissions categories associated with our site-based activities were included within calculations.
Professional Achievements
EMISSION CATEGORY
SCOPE
TOTAL (tCO₂e)
Direct emissions, on-site operations
Scope 1
0.0
Purchased electricity, office premises
Scope 2
2.82
Purchased goods and services, products
Scope 3
~316
Waste generated in operations, disposal
Scope 3
~105
Employee commuting and working from home
Scope 3
~38
Business travel, flights
Scope 3
~20
Business travel, rail travel
Scope 3
~10
Remaining emissions (other Scope 3 sources)
Scope 3
~5.15
Total Baseline Emissions
All Scopes
496.98
Updated Annually
Publication date: 28 May 2026
Approved by board of directors
Largest Emission Sources
Purchased goods and services, products
~316 tCO₂e
Waste generated in operations, disposal
~105 tCO₂e
Employee commuting & working from home
~38 tCO₂e
Business travel, flights
~20 tCO₂e
Business travel, rail travel
~10 tCO₂e
Remaining emissions (other sources)
~5.15 tCO₂e
Our Pathway to Net Zero
Our reduction targets are aligned with the Science Based Targets initiative (SBTi) 1.5°C pathway. We are committed to halving our emissions by 2030 as a key interim milestone on the road to Net Zero by 2050.
Our 2030 target of 247 tCO₂e represents a 50% reduction aligned with the SBTi pathway to limit global warming to 1.5°C above pre-industrial levels. Further interim targets and updated reporting will be published annually.
Milestone
Year
Target Emissions (tCO₂e)
Reduction vs. Baseline
Baseline
2025
496.98
—
Interim Target
2030
247
50%
Net Zero
2050
≤0
100%
Reduction Initiatives
We have already introduced a number of carbon reduction measures and are committed to further actions as part of our 2025 baseline targets in line with the science-based targets framework.
Declaration
This Carbon Reduction Plan has been completed in accordance with PPN 06/21 and the 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, using the appropriate UK Government emission conversion factors for greenhouse gas company reporting.
Scope 1 and Scope 2 emissions have been reported in accordance with SECR requirements. The required subset of Scope 3 emissions has been reported in accordance with the published reporting standard for Carbon Reduction Plans and the GHG Protocol Corporate Value Chain (Scope 3) Standard.
This Carbon Reduction Plan has been reviewed and signed off by the board of directors of Virtus Contracts, demonstrating a clear commitment to emissions reduction at the highest level of the organisation.
Virtus Address
Unit 9 The Circle, Queen Elizabeth Street
London, SE1 2JE
