top of page
Image by Andrew Neel

Emissions Reduction Strategy

Pella Funds Management’s Emissions Reduction Strategy outlines the firm’s approach to minimising its carbon footprint in line with the requirements of the Climate Active certification. The strategy prioritises operational efficiencies, supplier engagement, and residual emissions offsetting to support the transition to a low-carbon economy.
Overarching Goal: 

Commits to reduce emissions intensity of its business operations based on FTE by 20% by 2034, from an FY2024 baseline.

 

*Note: FY2024 Net Emissions per FTE = 37.7, therefore a 20% reduction by FY2034 is 30.2 tCO2-e.

 

Scope 1 Emissions

  1. Maintain emissions of less than 1 tCO2-e.

 

Scope 2 Emissions

  1. Commit to always buying GreenPower.

 

Scope 3 Emissions

  1. Engage with professional service suppliers to measure, reduce and/or offset their emissions.

  2. Create a procurement policy that considers the sustainability of suppliers, and specifically mentions engaging with suppliers that are reducing their carbon emissions.

  3. Source products and services from Climate Active carbon neutral suppliers wherever possible.

  4. Create a travel policy that centres carbon reduction and environmental considerations.

  5. Opt-in for carbon neutral domestic flights, and where possible internationally.

  6. Targeted engagement with the base building owner to transition the building to carbon neutrality and/or > 90% renewable electricity. *

 

*Note: Pella Funds is currently responsible for 3.17% of the base building electricity usage, resulting in 12.93 tCO2-e under the market-based electricity approach.

bottom of page