Introduction
1. Overview
Medical Banks Ltd. is committed to achieving Net Zero carbon emissions by 2040. Our MediBanks and SoftRecruit VMS products play a central role in enabling low-carbon, digital, workforce operations through cloud-first, remote-enabled technologies.
2. Baseline Emissions Footprint
Scope |
Description |
Baseline Year (2025) |
Emissions (tCO2e) |
Scope 1 |
Direct emissions (owned facilities, vehicles) |
2025 |
12 |
Scope 2 |
Indirect emissions (purchased electricity) |
2025 |
48 |
Scope 3 |
Supply chain, cloud services, remote workers |
2025 |
190 |
Total |
250 |
3. Carbon Reduction Targets
- Reduce total emissions by 50% by 2030 (125 tCO2e or less)
- Achieve Scope 2 neutrality by 2027 via renewable energy and offsets
- Embed sustainability KPIs into vendor contracts by 2026
4. Key Reduction Initiatives
Initiative |
Timeline |
Impact Area |
Target Outcome |
Migrate to Green Data Centers (ISO 50001) |
2026 |
Scope 2 |
30% energy-related emissions cut |
100% renewable energy in all offices |
2026
Scope 2 |
Scope 2 neutrality
Digital-first onboarding & contracting |
Ongoing |
Scope 3 |
Reduce paper and courier emissions |
Vendor ESG audit framework |
2026 |
Scope 3 |
Improve vendor sustainability ratings |
Remote work optimization program |
Ongoing |
Scope 3 |
Reduce employee emissions |
Virtual meetings & training preference |
Ongoing |
Scope 3 |
Minimize event/travel footprint |
5. Carbon Offsetting Approach
Medical Banks plans to begin voluntary offsetting for unavoidable Scope 3 emissions by 2027 through:
- Reforestation projects (Gold Standard verified)
- Renewable energy investment (Solar & Wind)
- Remote workforce carbon-neutral certification
6. Governance & Reporting
Responsibility |
Owner |
Carbon Strategy Lead |
Director of Operations |
Data & Reporting |
Head of Infrastructure |
Vendor Emissions Management |
Sustainability Coordinator |
Annual Reporting |
COO / ESG Steering Group |
7. Progress Monitoring
- Real-time emissions dashboard (internal) launching Q3 2025
- Vendor scorecard to include emissions KPIs by Q1 2026
- Quarterly internal ESG review board