Policies & procedures
Carbon Reduction Plan
This document covers all four family companies: ICD Energy Managers Ltd, PEP Energy, PEP-ICD Energy Managers Ltd and Cumbria Utilities Ltd.
We are committed to achieving net zero emissions across our own operations by 2040, ahead of the UK's 2050 target. This plan follows the structure of PPN 06/21 (Taking account of Carbon Reduction Plans in the procurement of major government contracts), adapted to the scale of our business.
We advise high-consuming businesses on energy procurement every day, and more than 75% of our clients are on REGO-backed fully renewable supply. We hold ourselves to the same standard of scrutiny we apply on behalf of clients — but we are candid that our own operational footprint is small, and this plan is sized accordingly.
Who this plan covers
This plan covers all four companies in the PEP ICD family:
| Company | Registration | Location |
|---|---|---|
| ICD Energy Managers Ltd | Company no. 13138824 | Newcastle Upon Tyne |
| PEP Energy | — | Kendal, Cumbria |
| PEP-ICD Energy Managers Ltd | Company no. 14837509 | Newcastle Upon Tyne |
| Cumbria Utilities Ltd | Company no. 12341513 | Kendal, Cumbria |
Our operational footprint
We operate from managed, serviced offices. We own no premises, no vehicles and no plant. Heating, cooling, lighting of common areas and facilities services are provided by our office providers and shared across their tenants; our share of those emissions is estimated from floor area and reported under Scope 3 where it cannot be separately metered.
In practical terms this means:
- Scope 1 (direct emissions): none. We operate no combustion plant and no company vehicle fleet.
- Scope 2 (purchased energy): the electricity attributable to our occupied space, where separately metered or apportioned by the landlord.
- Scope 3 (indirect emissions): business travel in employee-owned vehicles and by rail, employee commuting, homeworking, and purchased services such as IT, cloud and data subscriptions.
Baseline emissions
Our baseline year is the financial year 2025. Figures are estimates prepared using the UK Government GHG Conversion Factors for Company Reporting, with landlord apportionment used where direct metering is unavailable.
| Emissions scope | Baseline FY2025 (tCO2e) | Basis |
|---|---|---|
| Scope 1 | 0.0 | No combustion plant or fleet |
| Scope 2 | 7.5 | Apportioned electricity, managed offices |
| Scope 3 | 28.6 | Travel, commuting, homeworking, purchased services |
| Total | 36.1 |
Current emissions and targets
As a small consultancy in managed offices, our totals will fluctuate with headcount and travel rather than with industrial activity. Our targets are therefore expressed against the baseline in absolute terms:
| Milestone | Target |
|---|---|
| 2030 | Total emissions at least 30% below the FY2025 baseline |
| 2035 | Total emissions at least 60% below the FY2025 baseline |
| 2040 | Net zero across Scopes 1–3, with residual emissions offset through verified removal schemes |
Progress against these targets is reviewed annually alongside this plan.
Carbon reduction initiatives
The following measures are in place or underway:
- Engaging our office providers to source landlord-supplied electricity on REGO-backed renewable tariffs — the same standard we arrange for clients
- A rail-first travel policy for client and supplier meetings, with video conferencing as the default for routine contact
- Hybrid working, reducing commuting emissions across both office locations
- Consolidating IT into cloud services operated from data centres with published renewable commitments
- A cycle-to-work scheme available to all employees
Because our direct footprint is small, the largest climate contribution we make is through our advice: moving clients onto renewable supply and reducing their consumption through better procurement and market timing. We report that influence separately in our client work rather than claiming it here.
Declaration
This Carbon Reduction Plan has been completed in accordance with PPN 06/21 and the associated guidance, and emissions have been estimated in line with the GHG Protocol Corporate Accounting and Reporting Standard. It has been reviewed and approved by the directors of each company listed above.
This plan is reviewed annually and was last reviewed in July 2026. Questions about it should be sent to enquiries@icdenergymanagers.com.