Carbon Reduction Plan

At Polar Speed, our teams strategically find ways to optimize and implement eco-friendly solutions, allowing us and our clients to reduce our overall environmental impact for a greener tomorrow.

To achieve Net Zero by 2045, we have committed to remove Greenhouse Gas (GHG) emissions from our operations and wider business activities consistently each year until it reaches a Net Zero position for Scope 1, Scope 2 and material Scope 3 emissions. We also commit to an interim target of reducing Scope 1 and Scope 2 CO2e emissions by 50% by 2030 from the 2022 baseline.

Our ambition is to measure and control Scope 3 emissions so that by 2030, its total CO2e emissions reduce by 47% from the 2022 baseline position. Polar Speed already used 97% renewable electricity under the Market Based methodology and is committed to using 100% renewable electricity by 2035, as described in the Energy Reduction Strategy in our report (see page 19). These targets are consistent with a 1.5°C reduction pathway and are set in accordance with the Science-Based Targets Initiative (SBTi) guidance.

Read our Carbon Reduction Plan report here.