PAY.UK LIMITED

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

No narrative on renewables strategy in the firm's most recent reports.

No narrative on durable removals approach in the firm's most recent reports.

• Electricity consumption reduction via hybrid working and operational efficiencies

  Pay.UK's largest source of emissions is electricity purchased for its London office (2 Thomas More Square). The firm has reduced electricity consumption from 303,471 kWh (2022) to 272,591 kWh (2023) despite more colleagues returning to the office post-pandemic, attributing this to its long-standing hybrid working approach and operational efficiencies. Specific measures include decommissioning redundant kitchen infrastructure, enhancing meeting room heating/cooling controls, and desk-sharing to reduce IT energy demand.

• Office energy management and equipment upgrades

  Pay.UK has implemented a series of office-level energy reduction initiatives: adding Framery meeting pods (described as among the most sustainable available) to avoid office build-out, decommissioning a catering kitchen to reduce lighting and AC demand, enhancing meeting room HVAC controls with new hardware and software, and consolidating kitchen deliveries to reduce transport impacts. These measures contributed to a 7.2% reduction in total GHG emissions year-on-year.

• Zero-waste-to-landfill estate and recycling initiatives

  Pay.UK operates a zero-waste-to-landfill estate managed by Bywaters. Dual-zone bins support dry recycling and other waste streams. Additional initiatives include recycling coffee grounds through colleague home composting and increasing use of plant-based products to reduce non-recyclable plastic waste. These measures form part of the firm's broader ESG strategy targeting reduced waste generation.

• Supply chain ESG monitoring including key supplier Vocalink

  Pay.UK acknowledges that environmental impact extends to its supply chain and monitors suppliers' ESG practices, with particular focus on its largest supplier, Vocalink (a Mastercard company), which is noted to have well-developed ESG policies and practices. The firm's Third-Party Management Framework includes sustainability considerations as part of its proportionate approach to supply chain risk management.