1. Commitment to Achieving Net Zero

Virexxa Invest Source Ltd is fully committed to achieving Net Zero greenhouse gas emissions by 2045, in alignment with the UK Government’s decarbonisation targets and climate objectives.

We recognise the role we play as a government supplier in reducing our environmental impact and actively support the UK’s transition to a low-carbon economy.

2. Baseline Emissions Footprint

Baseline Year: 2019

Baseline emissions are a record of the greenhouse gases emitted before the implementation of carbon reduction strategies. This baseline is used as a benchmark for measuring future progress.

Emissions Source	Tonnes CO₂e (2019)
Scope 1 – Direct emissions (e.g., fleet fuel use)	45.6
Scope 2 – Indirect emissions (purchased electricity)	31.2
Scope 3 – Indirect emissions (business travel, commuting, waste, procurement)	112.5
Total	189.3

3. Current Emissions Reporting

Reporting Year: 2024

Emissions Source	Tonnes CO₂e (2024)
Scope 1	30.4
Scope 2	20.0
Scope 3	82.9
Total	133.3

*Note: Scope 3 emissions are calculated using best-practice estimates and data collection in accordance with GHG Protocol and DEFRA conversion factors.*

4. Emissions Reduction Targets

We have set the following carbon reduction targets:

– 50% absolute reduction in total emissions by 2030 (vs. 2019 baseline)
– Achieve Net Zero by 2045

We will monitor progress through annual reviews and publish updates within our sustainability reports and project-specific reporting obligations.

As of the end of 2024, we have achieved a 39% reduction in total GHG emissions.

5. Carbon Reduction Projects

Virexxa Invest Source Ltd has implemented and planned the following carbon reduction initiatives in line with our Net Zero trajectory:

Actions Completed to Date:

Transitioned 75% of company vehicle fleet to hybrid vehicles (2022)
Plan commenced to Switched to 100% renewable electricity across UK operations (2023)
Deployed smart meters and energy monitoring to reduce building emissions (2023)
Introduced remote/hybrid working policy to reduce travel and office energy use (2021)
Eliminated single-use plastics and introduced sustainable waste disposal protocols

Planned Measures:

Achieve ISO 14001 certification by Q4 2026
Transition to 100% electric fleet by 2028
Implement Scope 3 supplier engagement and low-carbon procurement policy (2025–2030)
Introduce lifecycle carbon assessments in project planning and investment reviews
Invest in verifiable offsetting for residual emissions beginning 2035
Collaborate with public sector partners to support joint carbon reduction schemes

6. Environmental Management Controls

We are developing an integrated environmental management system to:

– Track real-time energy use
– Identify inefficiencies in building and fleet operations
– Guide procurement decisions through sustainability-weighted criteria
– Incorporate carbon reporting into all large project bids

This system will ensure all government contracts meet or exceed PPN 06/21 requirements.

7. Declaration and Sign Off

This Carbon Reduction Plan has been completed and published in accordance with PPN 06/21 and associated guidance.
It has been reviewed and signed off by the board of Virexxa Invest Source Ltd.

Signed:
Name: Hassan Giwa
Position: Director
Date: 5 June 2025

Carbon Reduction Plans