Committed to becoming a carbon neutral business by 2030
SMS is proud to introduce its Net-Zero 2030 carbon emissions target.
This will see us reduce our organisational carbon emissions over the next decade across our buildings and vehicles (Scope 1 and Scope 2 emissions) to a point where our operations cancel out as much CO2 from the atmosphere as they produce. Our net-zero carbon roadmap will be realised through a variety of sustainability measures. This includes increased adoption of renewable on-site generation and battery storage to power our UK and Ireland estate, and the transition of our fleet to electric vehicles (EVs).
Though this ambition puts into place a formalised framework for our sustainability objectives, reducing carbon emissions is nothing new to us as a business. Our Net-Zero 2030 goal is built on years of work to enhance operational sustainability and the range of low-carbon solutions we deliver to our customers.
Our net-positive environmental impact
With our commitment to improving operational sustainability combined with the impact of our energy-saving services, we are already having a ‘net positive’ effect on our environment.
Being net positive means we cancel out more carbon emissions through our services (known as our ‘carbon handprint’) than we produce through our internal operations (our ‘carbon footprint’). In 2020, we mitigated more than 15,000 tonnes of carbon emissions (TCO2e) through the installation of smart meters for energy suppliers, as well as the net-zero strategy and energy efficiency services we carry out for industrial, commercial, and public sector clients.
As a result, our net-positive effect on the environment was equivalent to powering 18,500 British homes with 100% clean electricity for an entire year, with a carbon handprint eight times larger than our carbon footprint.
This achievement was recognised by the London Stock Exchange (LSE) through the ‘Green Economy Mark’, which is awarded to LSE-listed organisations that generate more than 50% of annual revenues through green services.
Beyond 2030 – becoming carbon negative
Going forward, SMS is firmly focussed on improving environmental performance as we target net-zero carbon emissions by 2030.
To support this, alongside our board-level sustainability committee, we have developed and implemented an Integrated Quality, Environmental and Occupational Health and Safety Management System, which uses the ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 standards as a framework to document and improve operational practices. Our net-zero roadmap will also be carried out in line with the Greenhouse Gas (GHG) Protocol and Institute of Environmental Management and Assessment (IEMA) Hierarchy.
Our long-term carbon reduction ambition, however, does not end at 2030. On reaching this net-zero goal at the end of the decade, we aim to become a carbon negative business. In other words, we’ll mitigate more carbon emissions from the atmosphere than we create through our operations. We aim to do this by reducing Scope 3 emissions, or the emissions of activities from assets not owned or controlled by our business, but that we indirectly impact through our work (such as the CO2 created by our supply chain).
“For more than two decades, SMS has played a pivotal role in the ongoing transformation of the UK’s energy system through our services, including the installation of smart meters and our longstanding energy and carbon reduction solutions. To further address the urgency of tackling climate change and the need to limit global warming to 1.5° Celsius, we have committed to become a carbon neutral company by 2030.
Our long-term ambition, however, does not end there. On reaching this net-zero goal at the end of the decade, our aim is to thereafter become a carbon negative business by targeting Scope 3 carbon reductions across our entire value chain.”Chief Executive Officer (CEO) of SMS plc
Our net-zero strategy services
Alongside the delivery of the Government-mandated smart meter rollout – an essential energy infrastructure project for the UK decarbonisation programme – SMS additionally provides strategic energy and carbon reduction consultancy services to large organisation within the private and public sector, enabling them to enhance long-term sustainability and reach net-zero carbon emissions within their own businesses. Read about our net-zero strategy service.
As part of these strategic energy services, SMS also finances and delivers distributed Carbon Reduction (CaRe) technology assets – including renewable generation, battery storage, and electric vehicle charging infrastructure – which will be critical for achieving the UK’s net-zero goal and making the energy system more flexible, sustainable, and resilient. In 2021, SMS additionally announced its entry into the grid-scale energy storage market with two new projects to develop a combined 90MW of capacity.
We are also currently a partner in numerous UK Research & Innovation (UKRI) net-zero demonstration projects, including the installation of kerbside EV charge points nationally and the creation of a self-sustainable, smart energy island in Orkney, Scotland.
Smart Energy Services
We build bespoke zero-carbon energy strategies through our data-driven services and asset funding capability.Read more
Carbon Reduction Asset Funding
We can supply the resources, management and funding to deliver low-carbon assets and efficiency projectsRead more
We provide the aggregation service that is helping demonstrate the energy system of the future on the Orkney Islands today.Read more