To offset our footprint, we have voluntarily surrendered large generation certificates.
Each LGC represents one megawatt hour (MWh) of renewable electricity. LGCs are used to offset scope 2 emissions (indirect emissions, e.g. purchased electricity) giving them an implied carbon abatement value. We’ve taken these carbon values and extended them beyond scope 2 emissions into scope 1 (our direct emissions, or fuel we physically burn) and scope 3 emissions (the emissions of our supply-chain).
Flow Power voluntarily surrendered 197 LGCs to cover the 170 tonnes of CO2 reflected in the scope 2 emissions, and 819 LGCs to cover scope 1 and 3 emissions of 789 tCO2. In total, we voluntarily surrendered 1,016 LGCs to offset our company’s total emissions. All these LGCs were surrendered in addition the LGCs we are required to surrender for our customers as part of the Renewable Energy Target Scheme.