This September, Hypnos proudly announced that it has become Planet Mark Certified - Net Zero Committed.
This means that it is committed to achieving net zero by 2040, as well as its near-term targets by 2033. Guided by certification partner, Planet Mark, Hypnos will follow a pathway to significantly reduce its carbon emissions through targets that align with the principles of the Science Based Targets Initiative (SBTi) Corporate Net Zero Standard.
“Committing to a net zero transition plan is a significant milestone for any business and involves measuring and understanding a business’ complete carbon footprint across Scopes 1-3," says Steve Malkin, founder of Planet Mark. "This roadmap is the culmination of a team effort to understand and measure the emissions in what is a complex supply chain.
"Since our partnership began in 2019, Hypnos has demonstrated its willingness to understand and engage, and make the necessary changes to decarbonise. This is the next big leap for a company that has already taken positive steps in the right direction, having been carbon neutral for almost 15 years.”
Hypnos will report annually on progress, measured and certified by Planet Mark. In 2033, Hypnos looks to achieve a 55% reduction in both Scopes 1 and 3 from a 2023/24 baseline and 90% in Scope 2. By 2040, it will achieve net zero, a 90% reduction in Scopes 1, 2 and 3 with only unavoidable residual emissions (totalling no more than 10%) neutralised using carbon removal offsets.
"Our commitment to net zero is hugely exciting and could not have been achieved without the significant efforts of the Hypnos team working together across all areas of the business, alongside some of our partner suppliers, and guided by the expertise at Planet Mark, enabling us to set new industry standards," says Hypnos Group Managing Director David Baldry.
