We're on a mission to achieve Net Zero emissions by 2035, and we're making significant progress. Since our 2017 baseline, Pluxee has achieved a remarkable 16% reduction in global emissions by 2023.
To reach our Net Zero goal across our entire value chain, we've developed a clear action plan. Our targets, both short-term and long-term, have been rigorously validated by the Science Based Targets Initiative (SBTI).
The Science Based Targets initiative (SBTi) has verified Pluxee’s net-zero science-based target by 2035*. As part of this target, Pluxee commits to reduce absolute scope 1 and 2 GHG emissions and absolute scope 3 GHG emissions by 65% by FY2030 from a FY2017 base year. Pluxee also commits to increase active annual sourcing of renewable electricity from 0% in FY2017 to 100% by FY2025 and through FY2030. Pluxee further commits to reduce absolute scope 1 and 2 GHG emissions and absolute scope 3 GHG emissions by 90% by FY2035 from a FY2017 base year.
Here's a glimpse of our targets:
In March 2023, we introduced a specialised training module called "Race to Net Zero," ensuring that 99% of our Pluxee UK employees are well-versed in our Net Zero trajectory.
We actively engage our employees through initiatives like CSR Day, Clean Commute, and WasteLESS week. We encourage shared commuting, cycling, and greener business travel to reduce carbon footprint.
We've taken concrete steps within our own operations as well. By downsising and relocating to a new office powered by 100% renewable energy, and implementing a hybrid working policy, we've minimised commuting and energy consumption.
In our product offerings:
- We've eliminated paper/physical vouchers, reducing unnecessary waste.
- Our prepaid cards now consist of 80% recycled materials, and we've introduced a virtual-only option to eliminate carbon emissions from the manufacturing process.
- Through our Cycle 2 Work program, UK employees enjoy savings on bike purchases and equipment, promoting a healthier and more eco-friendly commute. In FY23, bike applications increased significantly compared to the previous fiscal year.
At Pluxee, we're committed to sustainability every step of the way, from our operations to our products, and we're continuously striving to make a positive impact on the environment.
*The decarbonization of all our direct emissions will be prioritized and all residual emissions will be neutralized (if applicable) in line with SBTi criteria before reaching net-zero emissions.