Mysoda's Carbon Inventory

Mysoda has conducted the first group-wide carbon emissions calculations for the year 2022 and the majority of our products in collaboration with Green Carbon. Calculations follow the standards set out in the GHG Protocol. We have calculated cradle-to-grave emissions for our products, enabeling us to assess the climate impact of our products over their entire life cycle. This form of emissions calculation includes all emissions from manufacturing to the eventual disposal and recycling of the product. When comparing carbon footprints reported by different companies it is worth keeping the scope of the calculations in mind, as there are more restrictive ways of reporting emissions that include only parts of the product life cycle.

Mysoda has set specific actionable targets to reduce emissions on both product and group level quickly and effectively. To hold ourselves accountable and strengthen our commitment, Mysoda has joined the Science Based Targets Initiative (SBTi) in autumn 2024

The SBTi helps companies of all sectors to reduce greenhouse gas emissions in line with the Paris Agreement. Targets need to align with what the latest climate research deems necessary to limit global warming to 1.5 °C above pre-industrial levels.

By joining the SBTi, we commit to conducting yearly emission inventories and reduce our scope 1 and 2 emissions by 45% within the next 5-10 years. Furthermore, small and medium sized enterprises like Mysoda commit to measuring and reducing scope 3 emissions. Scope 3 emissions are those, which are only indirectly caused by the company's business operations.

We are determined to decrease scope 3 emissions further down the chain of our suppliers. Immediately following our first green house gas emission calculations we have made changes to our product portfolio, reducing both the emissions of our bestseller product Woody as well as our CO2 products significantly. By the end of 2024, nearly the whole range of Mysoda CO2 products switched to biogenic CO2, which is a fully renewable product.

Setting specific targets for scope 3 emissions reduction are not required under the SBTi program for small and medium sized enterprises. Nevertheless, we have several more actions for reducing those emissions in planning, to be rolled out as soon as feasible. More detailed information about Mysoda's emission reduction plans and targets can be found in our climate roadmap.

We have chosen to focus our attention on reducing emissions. We believe that the release of new emissions needs to be prevented at the source to create a truly sustainable product and business. After all, cutting emissions even before they are created is better than trying to mitigate adverse effects afterwards.

While reduction remains the priority, we recognize the potential need for carbon offsetting in line with best practices. By focusing on systemic changes and integrating sustainability into core operations, Mysoda demonstrates leadership in corporate climate responsibility. We will reconsider offsetting in the future, especially at the point where emissions throughout our operations cannot be reduced any further.