Climate Action and Progress

      In 2025, Waystone’s total global carbon emissions were 26,341 mtCO₂e, down from 31,013 mtCO₂e in our 2023 base year.

      This marks positive progress, achieved particularly in the emissions we can influence most directly, but also highlights where our biggest challenge sits: most of our footprint is in Scope 3, across the wider value chain that supports our business.

      This page sets out what is included in our footprint, how our emissions have changed over the last three years, and how we are progressing against our science-based targets.

      26,341 mtCO₂e2025 Global Carbon
      Emissions

      15% reduction since 2023 baseline

      SCOPE 1
      Direct emissions from company-controlled sources

      Direct emissions from sources owned or controlled by Waystone. For us, this relates to mobile combustion from one company vehicle.

      SCOPE 2
      Electricity and cooling consumed within offices

      Indirect emissions from the electricity and cooling used in our offices. We report Scope 2 using both location-based and market-based methods, with the market-based figure reflecting eligible renewable electricity instruments. We use actual energy data where it is available and controlled estimates where supplier, landlord or meter data is not available.

      SCOPE 3
      Wider value chain emissions including suppliers, travel and commuting

      Emissions from our wider value chain comprising purchased goods and services, capital goods, fuel- and energy-related activities, waste, business travel and employee commuting. Purchased goods and services make up the largest part.
      Metric tCO₂e 2025 2024 2023
      (Base Year)
      Scope 1 6.6 6.93 10.4
      Scope 2 (location-based) 386.25 312.39 338.06
      Renewable electricity instruments -231.74 -120.96 0
      Scope 2 (market-based) 154.51 191.44 472.1
      Total Scope 1 + 2 (market-based) 161.11 198.37 482.5
      Scope 3 Cat 1: Purchased Goods & Services 23,103.74 27,461.59 28,725.13
      Scope 3 Cat 2: Capital Goods 556.24 350.33 325.83
      Scope 3 Cat 3: Fuel & Energy Related Activities 106.24 85.99 80.53
      Scope 3 Cat 5: Waste Generated in Operations 7.43 4.23 0.02
      Scope 3 Cat 6: Business Travel 972.72 829.18 466.85
      Scope 3 Cat 7: Employee Commuting 1,433.39 2,319.20 931.99
      Total Scope 3 26,179.75 31,050.52 30,530.33
      Total carbon emissions (S1 + S2 market-based + S3) 26,340.86 31,248.89 31,012.83

      Progress against our
      SBTi targets

      Waystone’s near and long-term science-based emissions reduction targets have been approved by the Science Based Targets initiative (SBTi).

      This confirms that our climate ambition is aligned with the latest science to limit global warming to 1.5°C. The SBTi has also verified Waystone’s net-zero science-based target.

      By 2035, we are targeting a 63% reduction in absolute Scope 1 and 2 greenhouse gas emissions and a 38% reduction in Scope 3 greenhouse gas emissions, from a 2023 baseline. By 2050, we are targeting a 100% reduction in absolute Scope 1 and 2 emissions, a 90% reduction in Scope 3 emissions, and net-zero greenhouse gas emissions across our value chain.

      2035 TARGETS:

      63%reduction in
      Scope 1 and 2 emissions
      38%reduction in
      Scope 3 emissions

      2050 TARGETS:
      NET ZERO EMISSIONS

      100% reduction in
      Scope 1 and 2 emissions
      90%reduction in
      Scope 3 emissions

      Tracking progress against our SBTi targets

      Scope 1Scope 2Targeted Trajectory

      4824822023
      1984572024
      1614322025

       

      Scope 3Targeted Trajectory

      30.5K30.5K2023
      31.0K29.6K2024
      26.2K28.6K2025

       

      By the end of 2025, our Scope 1 and 2 emissions had fallen from our 2023 base year. This progress has been supported by renewable electricity instruments, energy efficiency activity across our offices and continued engagement with landlords on how energy is used and managed in the buildings we occupy.

      • In our own operations, we are focusing on renewable electricity coverage, practical energy efficiency measures and landlord engagement.
      • Across our value chain, we are strengthening procurement and vendor management controls, increasing supplier engagement and improving the quality of the data used to calculate emissions.
      • Across Waystone, our Global Sustainability Champions help build awareness, share ideas and encourage lower-carbon choices in our offices.
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