Tower Cold Chain (owned by CT2 Holdings Ltd)

Greenhouse gas emissions & sustainability report data

📊 Latest report period: October 2022 to September 2023🗂️ Report periods on file: October 2022 to September 2023

In its October 2022 to September 2023 reporting, Tower Cold Chain (owned by CT2 Holdings Ltd) disclosed greenhouse gas emissions of 250.6K tCO2e (Scope 1 and 2). By scope: Scope 2: 210.0K kWh. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
250.6K tCO2e (Scope 1 and 2)
October 2022 to September 2023
⚙️
Energy Use
210.0K kWh
October 2022 to September 2023

📊 Emissions by Scope (October 2022 to September 2023)

ScopeWhat it coversReported value
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.210.0K kWh

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce Scope 1 and Scope 2 emissions from energy consumption at headquarters
  • Source 20% of energy from renewable solar sources by 2024 at Theale HQ
  • Phase out natural gas consumption at Theale HQ from 2025
  • Establish new procurement criteria and integrate geographic proximity into formal supplier assessment by end of 2024
  • Measure Direct GHG emissions (Scope 1) from sites in New Jersey and Singapore and report in the following year

📅 Medium-term

  • Monitor and record the quantity of non-renewable and renewable materials obtained and used as inputs by 2025
  • Repurpose at least 25% of plastic and metal materials from single-use containers to create new containers by 2030
  • Damaged unit shipments to account for less than 10% of inventory movement by 2030
  • 100% of suppliers engaged with sustainable procurement policies by end of 2025
  • At least 80% of employees to have completed new learning programme by 2025

🔭 Long-term

  • Achieve carbon neutrality by 2030
  • Work towards global net-zero targets by coordinating with all customers and suppliers

🌱 ESG Focus Areas

Product Innovation, Development & CircularityEmployee EngagementBusiness EthicsDiversity, Equity & Inclusion (DEI)Supply Chain EngagementCommunity RelationsData Privacy & SecurityWater ManagementClimate Change & GHG Emissions

⚠️ Challenges & Risks +

  • High energy consumption in cold chain logistics due to refrigeration
  • GHG emissions from transportation vehicles
  • Lack of supply chain transparency
  • Temperature variations leading to product spoilage
  • Packaging waste
  • Decarbonisation of all operations within the value chain

📋 Report Information

Reporting Period: October 2022 to September 2023
Frameworks: GRI, TCFD