Prizeout’s Carbon Reduction Plan

Published: 26/9/22

Commitment to achieving Net Zero

Prizeout Corp. is committed to achieving Net Zero emissions by 2050.

Baseline Emissions Footprint

Baseline emissions are a record of the greenhouse gases that have been produced in the
past and were produced prior to the introduction of any strategies to reduce emissions.
Baseline emissions are the reference point against which emissions reduction can be
measured.

Baseline Year: 2021 (first reporting year and first full year of operation)

Additional Details relating to the Baseline Emissions calculations.

Prizeout is proud to operate with a minimal carbon footprint. We are able to operate this way because our core product offering consists of virtual gift cards, out 40+ employees either telework or commute to work via New York City subways and buses, and our company headquarters (and only office) location in a building with a 95 (“A”) Energy Star Building Energy Efficiency Rating in New York City. The vast majority of meetings with external parties are conducted virtually over a video meeting platform.

Baseline year emissions:

Current reporting Year: 2021

Additional Details relating to the Baseline Emissions calculations.

Prizeout is proud to operate with a minimal carbon footprint. We are able to operate this way because our core product offering consists of virtual gift cards, out 40+ employees either telework or commute to work via New York City subways and buses, and our company headquarters (and only office) location in a building with a 95 (“A”) Energy Star Building Energy Efficiency Rating in New York City. The vast majority of meetings with external parties are conducted virtually over a video meeting platform.

Baseline year emissions:

Emissions reduction targets

In order to continue our progress to achieving Net Zero, we have adopted the following
carbon reduction targets.

We project that carbon emissions will decrease over the next five years to 186.07 tCO2e by 2027. This is a reduction of 15%

Carbon Reduction Projects

Completed Carbon Reduction Initiatives
Because Prizeout is in our third year of operation and our recent growth began during the
peak of the COVID-19 epidemic, our climate reduction strategies were associated with our company’s response to the pandemic. We maintained a minimal office footprint and business travel was extremely limited.

However, now that we are operating in a post-pandemic economy, we hope to implement
further measures such as: increased teleworking flexibility and limits on business travel. As we continue to grow, we will prioritise potential office locations with high energy-efficient scores. We will continue to encourage our employees to utilize public transit in their commute and may provide incentives.

Declaration and Sign Off
This Carbon Reduction Plan has been completed in accordance with PPN 06/21 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 standard¹ and uses the appropriate Government emission conversion factors for greenhouse gas company reporting².

Scope 1 and Scope 2 emissions have been reported in accordance with SECR requirements, 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) Standard³.

This Carbon Reduction Plan has been reviewed and signed off by the board of directors (or equivalent management body).

¹ https://ghgprotocol.org/corporate-standard

² https://www.gov.uk/government/collections/government-conversion-factors-for-company-reporting

³ https://ghgprotocol.org/standards/scope-3-standard