Invoka Consulting is committed to reducing its impact on the environment and has set a target of reaching net zero by February 2027.

2024 – Reduction and Initial Offsetting Goals

• Target: Achieve a 10% reduction in total Scope 1 and Scope 2 emissions by the end of 2024 (using 2023 as the baseline year).

Actions:

Promote public transportation use by incentivizing employees to commute via public transport. We will introduce a subsidized public transportation program (e.g., providing free or discounted bus, train, or metro passes for employees).

Reduce company vehicle use for business travel by introducing carpooling programs and promoting the use of public transport alternatives for local travel.

Improve energy efficiency by upgrading to energy-efficient lighting (LEDs) and implementing smart energy management systems in our facilities.

Conduct an energy audit to identify further areas for efficiency improvements.

Offsets:

Offset 100% of remaining Scope 1 emissions by investing in certified carbon offset projects (such as reforestation, renewable energy projects, or carbon capture).

2025 – Enhanced Reduction and Increased Offsetting

Target: Achieve an additional 15% reduction in total Scope 1 and Scope 2 emissions by the end of 2025.

Actions:

Expand the transition to electric vehicles by converting 50% of the fleet to electric or hybrid.

Increase renewable energy usage to cover 50% of electricity consumption by installing on-site solar panels or switching to a renewable energy provider.

Implement telecommuting policies and reduce business travel by 30%, replacing in-person meetings with virtual alternatives where possible.

Offsets:

Offset 50% of remaining Scope 3 emissions (business travel, waste management, supply chain emissions) through high-quality carbon offset initiatives.

2026/2027 – Carbon Neutrality

Target: Achieve full carbon neutrality by February 2027 by reducing overall emissions by 40% compared to 2023 levels and offsetting the remaining emissions.

Actions:

Transition 100% of the company fleet to electric vehicles.

Use 100% renewable energy across all offices and facilities.

Implement a waste reduction program to lower emissions from waste and recycling.

Introduce supplier engagement programs to encourage the adoption of low-carbon practices throughout our supply chain.

Offsets:

Offset 100% of remaining Scope 1, Scope 2, and Scope 3 emissions through verified carbon offset projects, prioritizing investments in long-term carbon capture technologies and forest preservation programs.