tier1 – Carbon Reduction Plan

Supplier name: Tier 1 Asset Management

Publication date: 31 July 2025

Introduction

Tier 1 Asset Management is committed to achieving Net Zero greenhouse gas (GHG) emissions by 2040.

As a leading IT Asset Disposal (ITAD) company, Tier 1 actively drives the circular economy through its BSI Kitemarked remanufacturing process and environmentally conscious recycling of end-of-life IT equipment, thereby reducing the demand for new products and associated emissions. Supporting the avoidance of new carbon generation by extending IT lifespan and ensuring its proper use through downstream processing.

Baseline Emissions Footprint

The baseline emissions inventory for FY2022 includes Scope 1, Scope 2, and selected Scope 3 categories (1 – Purchased goods and services, 3 – fuel and energy related activities, 4 – Upstream transportation and distribution, 5 – Waste generated in operations, 6 – Business travel).

This is in accordance with the GHG Protocol and UK Government Carbon Reduction Plan guidance.

Baseline and recent data are as follows:

Additional tCO₂e emissions generated (but were not baselined in 2022)

Employee commuting (based on 25/26 data covering 2 months only): 30.3 tCO₂e

Downstream transportation and distribution (based on 24/25 data): 865.2 tCO₂e

Emissions Reduction Targets

Following review, Tier 1 has set the following SMART targets to reduce emissions:

• 2025: 10% reduction in Scope 1 and 2 emissions from baseline
• 2030: 50% reduction across all scopes
• 2035: 75% reduction across all scopes
• 2040: Net Zero emissions

Planned Carbon Reduction Measures

In addition to the planned emission reduction targets Tier 1 will investigate and review the impact of the following activities:

• Expand Scope 3 activities to include the following categories:
  • 2 – Capital goods,
  • 7 – Employee commuting,
  • 9 – Downstream transportation and distribution,
  • 11 – Use of sold products,
  • 12 – EOL treatment of Sold products.
• Implementation of a GHG Protocol-aligned carbon data platform and reporting
• Quantification and reporting on avoided emissions from circular economy practices.
• Identify residual emissions that cannot be eliminated and offset appropriately.

Offsetting Strategy

Tier 1 will look to use as appropriate high-quality, UK Government-approved carbon offsets such as those certified under the Woodland Carbon Code.

Verification and Reporting

Any Net Zero claims made by Tier 1 will be Verified and validated by an ISO 14064 accredited 3^rd party.

Reporting will be aligned to relevant principles to support activities of Tier 1, this includes GRI (Global Reporting Initiative), TCFD (Task force on Climate-related Financial Disclosures), ISSB (International Sustainability Standards Board) and similar.

Progress will be reviewed internally and reported annually with this plan being reviewed every 5 years after 2025.

Standards and Framework Alignment

Tier 1 aligns itself to the following frameworks and standards in this process and looks to make sure that all tools utilised in support of this plan demonstrate similar commitment and alignment.

• GHG Protocol (Scopes 1, 2, and 3)
• UK Government Carbon Reduction Plan Template
• ISO 14001 Environmental Management System
• PAS 2060 Carbon Neutrality Standard
• UK PPN 06/21

Declaration and Sign Off

This Carbon Reduction Plan has been completed in accordance with PPN 06/21 and 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[1] and uses the appropriate Government emission conversion factors for greenhouse gas company reporting[2].

Scope 1 and Scope 2 emissions have been reported in accordance with SECR requirements, and the required subset of Scope 3 emissions have been reported in accordance with the published reporting standard for Carbon Reduction Plans and the Corporate Value Chain (Scope 3) Standard[3].

This Carbon Reduction Plan has been reviewed and signed off by the board of directors (or equivalent management body).

Signed on behalf of the Supplier:

[1]https://ghgprotocol.org/corporate-standard

[2]https://www.gov.uk/government/collections/government-conversion-factors-for-company-reporting

[3]https://ghgprotocol.org/standards/scope-3-standard

Jonathan Rose, Co-Founder

Date: 31st July 2025