Our climate impact in 2022
Since announcing our 2023 climate strategy, the LOVESPACE team has been taking further steps to make our business have a smaller environmental impact. We want to be transparent about our carbon emissions and explain what we’re doing to reduce and offset them.
Furthr and beyond
We’ve teamed up with Furthr, a social enterprise that drives sustainability funding into climate projects. Their big aim for net zero climate action is well aligned with our goals in reducing carbon emissions for the long-term.
In 2022, we released the equivalent of 752 tonnes of CO2 emissions.
This is comparable to the carbon emissions released by 160 UK residents in a year (reference), or 3200 flights from London to Rome (reference).
With the assistance of Furthr, our emission measurements have become exceptionally detailed, capturing a broader spectrum of sources of our 2022 emissions. Corporate emissions can be categorised into Scopes 1,2 and 3. Explanations for the carbon reporting terminology used throughout this article can be found here.
Offsetting our 2022 emissions
To balance and control our emissions, we worked with Furthr to invest in three Gold Standard Certified Projects.
These initiatives focused on funding renewable energy suppliers and reducing emissions in residential areas with limited access to resources.
1. Biomass Rice Husk project in India
This project involved the generation of power with waste rice husks. Rice husks refer to the hard protective layer of rice grains that are usually discarded during harvest. The combustion of these rice husks generates electricity, helping to meet electricity demands without the increase in fossil fuel energy usage.
2. Wind farm project in Turkey
This involved the construction of two sites of 35 wind turbines. Wind farms reduce greenhouse gas emissions by replacing fossil fuel power generation. This project not only contributed to the development of the wind energy sector in Turkey but also supported the local economy through the growth in local employment opportunities.
3. Domestic energy efficiency project in Uganda