Reporting year: 01/12/24 – 30/11/25
EMISSIONS	TOTAL (tCO2e) 75.37
Scope 1	11.18
Scope 2	5.48 N.B we do not use refrigerants or cooling at our premises or during our operations
Scope 3 (Included sources)	Upstream transportation and distribution 0.00 As an independent fleet management company, the service we provide is the administration of vehicle fleets and car benefit schemes. We do not purchase or control the actual vehicles. These are owned by leasing companies who are responsible for transportation and maintenance operations. We have not therefore reported on this area of Scope 3 emissions as we do not transport or distribute any purchased products. Energy usage working from home 2.307 Waste generated in operations 0.685 This figure does not include the optional emissions from transportation of waste. Business travel 1.92 Employee commuting 38.958 Business hotel or event activities 0.15 Inbound/ outbound deliveries 0.054 Water usage 0.098 Transmission and distribution losses 0.918 Well to tank 13.627 Downstream transportation and distribution 0.00 As we provide an administration service only, we do not sell a product that can be transported/ distributed. As such, we have not reported on this area of Scope 3 emissions.
Total Scope 3 emissions	58.72

Emissions reduction targets

---

This year’s (2024/25) analysis shows that compared with the previous reporting year, there has been a slight rise in total annual carbon emissions across the business, up 0.9% to 75.37 tCO₂e. However, this total still remains well below our annual emission reduction target set in April 2024 to achieve a 50% fall (51.23 tCO₂e) in emissions from our baseline year by 2030.

To continue our progress, we have adopted the following revised targets to halve emissions by 2030 and reach net zero by 2040:

• Achieve an annual 6.25% (6.40 tCO₂e) reduction in emissions from our baseline year to 2030.


• Maintain a further 2.5% (2.56 tCO₂e) fall in total emissions each year thereafter to reach net zero by 2040.

These targets are illustrated in the graph below:

Carbon reduction projects

---

Completed carbon reduction initiatives

Over the last 12 months we have introduced the following environmental management measures and projects across the business:

• In October 2025, Knowles Fleet achieved ISO 14001:2015 environmental accreditation for the second year running.


• Working in partnership with Carbon Neutral Britain, in January 2026 we offset our annual carbon footprint against verified renewable projects across to the world to become a Carbon Neutral Business for the third year running.


• Focused on further cutting emissions from business travel and hotel stays by:


• Replacing in-person meetings with video conferencing.
• Continued use of electric and hybrid pool cars for business travel.
• Increased use of car sharing and public transport.



The above measures have resulted in a 33.3% fall in business travel emissions over the past 12 months (down from 2.879 tCO2e to 1.92 tCO2e) and a 67.61% drop in emissions from hotel stays (down from 0.46 tCO2e to 0.149 tCO2e).

• Implemented a more robust, fully compliant waste management system to accurately record all office waste. Built greater staff awareness of the need to responsibly dispose of and reduce waste.


• Appointed Green Champions across the business who are responsible for ensuring all environmental policies are adhered to. Regular meetings help to generate new ideas for carbon reduction measures.

In the future we hope to implement further measures:

• By Q3 2026, Knowles Fleet plans to move to a new head office building. The current planned premise would provide a futureproof office space and immediately reduce Scope 1 and 2 emissions as it offers:


• An A grade energy efficiency rating (our current office is EPC Band D)
• Heat pump heating and cooling (currently use oil as the only rural option)
• LED lighting throughout.



The site also offers EV charging facilities for staff.

• As an employee owned business, we will continue to work together to reduce our environmental impact as a key part of our social responsibility programme.


• Achieve greater supply chain engagement on carbon disclosure and reduction commitments. Preference suppliers with ISO 14001 accreditation and Net Zero targets.

Declaration and sign off

---

This Carbon Reduction Plan has been completed in accordance with PPN 006 and associated guidance and reporting standard for Carbon Reduction Plans.

Emissions have been reported and recorded in accordance with the published reporting standard for Carbon Reduction Plans and the GHG Reporting Protocol corporate standard¹ and uses the appropriate Government emission conversion factors for greenhouse gas company reporting².

Scope 1 and Scope 2 emissions have been reported in accordance with SECR requirements, and the required subset of Scope 3 emissions have been reported in accordance with the published reporting standard for Carbon Reduction Plans and the Corporate Value Chain (Scope 3) Standard³.

This Carbon Reduction Plan has been reviewed and signed off by the board of directors (or equivalent management body).

Signed on behalf of Knowles Fleet:

Name: James Hawkins, managing director

Date: 03 February 2026