Carbon Reduction Plan 2026

Venn Healthcare Ltd

Commitment to achieving net zero

Venn Healthcare Ltd is committed to achieving net zero emissions by 2050.

Baseline emissions

Baseline year: July 2025 to June 2026

Additional details relating to the baseline emissions calculations

As this is the Company’s first Carbon Reduction Plan, the baseline year and reporting year are the same. Emissions have been calculated using the most recent 12-month reporting period for which data was available (July 2025 to June 2026), which will serve as the baseline against which future reductions will be measured.

As an SME, historic environmental data and emissions records are limited due to the size and nature of the business. Consequently, the baseline emissions figures presented within this Plan include reasonable estimates based on the information available at the time of reporting.

The Company is committed to improving the accuracy and completeness of its carbon reporting. As part of this Carbon Reduction Plan, we will implement enhanced monitoring and record-keeping processes for areas including business travel, energy consumption and other relevant emission sources. This will enable more accurate future reporting, support informed decision-making and help drive the achievement of our carbon reduction objectives.

Despite our relatively low emissions profile, we recognise the importance of measuring, managing and reducing our environmental impact and are committed to continuous improvement in this area.

Baseline year emissions (July 2025 to June 2026)

Current emissions reporting

Reporting year: July 2025 to June 2026. As this is our first reporting year, current emissions are the same as the baseline.

Methodology

Scope 1, 2 and 3 greenhouse gas emissions have been calculated in accordance with the UK Government Environmental Reporting Guidelines and the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard. Emissions have been quantified using the latest UK Government GHG Conversion Factors for Company Reporting available at the time of assessment.

The reported carbon footprint includes all emissions required under the PPN 006 Carbon Reduction Plan requirements and is based on operational data collected from company records, supplier information and utility consumption data where available. Where primary data is unavailable, reasonable estimates and recognised emission factors have been applied.

Emissions will be reviewed annually to ensure consistency, accuracy and completeness.

Energy consumption calculation

As part of our first Carbon Reduction Plan, emissions associated with electricity and natural gas consumption have been estimated using annual utility expenditure.

Where actual consumption data was unavailable, estimated kWh consumption was calculated using assumed UK business energy tariffs. Government greenhouse gas conversion factors were then applied to estimate the associated carbon emissions.

This methodology provides an initial estimate of our energy-related emissions. We recognise the limitations of expenditure-based calculations and will seek to improve data accuracy through the collection of actual energy consumption figures in future reporting periods.

Scope 1 categories included

• Engineers’ mileage for deliveries, calculated using the 2026 UK Government emission conversion factor for a Class III diesel van: 0.28046 kg CO₂e/km
• Sales mileage for demonstrations and meetings, calculated using the Class II emission conversion factor for a smaller Caddy van: 0.19376 kg CO₂e/km
• Energy consumption

Scope 2 categories included

• Electricity purchased for Venn Healthcare premises

Scope 3 categories included

Emissions reduction targets

As a UK distributor, the Company recognises that fleet operations are an essential component of its business model and currently represent the majority of its carbon footprint. While travel cannot be eliminated without adversely affecting service delivery, the Company is committed to reducing its operational greenhouse gas emissions.

Whilst future business growth may increase operational activity and associated emissions, we are committed to reducing greenhouse gas emissions across our operations and supply chain and to achieving net zero by 2050. We will pursue emissions reductions through fleet decarbonisation, route optimisation, vehicle utilisation improvements, engagement with logistics partners, and continued support for hybrid working arrangements. These measures are intended to reduce both carbon intensity and absolute emissions where operationally feasible.

We aim to design our carbon reduction initiatives to deliver a reduction in absolute emissions over time whilst supporting sustainable business growth. We recognise that fluctuations in annual emissions may occur as distribution volumes change; however, our objective is to ensure that emissions growth is significantly lower than business growth and that overall emissions reduce over the medium to long term through targeted decarbonisation measures.

The business seeks to achieve relative decoupling of emissions from growth, whereby operational activity and revenue increase at a faster rate than carbon emissions, resulting in a lower emissions intensity over time.

Business travel represents the largest share of currently reported emissions and is therefore the primary area for emissions reduction activities.

As a national distributor, we recognise that business growth may increase our total emissions in the short term, making it difficult to reliably forecast a percentage reduction against our baseline at this stage. We will therefore also focus on reducing carbon emissions intensity relative to business activity, with progress reviewed annually as part of our Carbon Reduction Plan.

Carbon reduction projects

To support our target of reducing carbon emissions, we are assessing the following:

• Transitioning company-owned vehicles to electric or low-emission alternatives
• Route optimisation, including consolidated deliveries and reduced empty running
• Warehouse energy efficiency improvements
• Improved carbon reporting

We recognise the operational challenges associated with nationwide delivery requirements and are undertaking route and fleet analysis to identify suitable opportunities for electrification. Where full electrification is not currently feasible, we will explore interim measures including route optimisation, driver efficiency initiatives and adoption of lower-emission vehicle technologies. Progress will be reviewed annually as part of our Carbon Reduction Plan.

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 standard, and use the appropriate government emission conversion factors for greenhouse gas company reporting.

Scope 1 and Scope 2 emissions have been reported in accordance with SECR requirements (where required), 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) Standard.

This revised Carbon Reduction Plan has been reviewed and approved by the Board of Directors of Venn Healthcare Ltd.