Hypnos has committed to becoming Net Zero by 2040.
The bed manufacturer has become Planet Mark Certified – Net Zero Committed, which should see it achieve its near-term targets by 2033.
Guided by its certification partner, Planet Mark, Hypnos will follow a pathway to significantly reducing its carbon emissions through targets that align with the principles of the Science Based Targets Initiative (SBTi) Corporate Net Zero Standard.
‘Committing to a net zero transition plan is a significant milestone for any business and involves measuring and understanding a business’ complete carbon footprint across Scopes 1-3. This roadmap is the culmination of a team effort to understand and measure the emissions in what is a complex supply chain. Since our partnership began in 2019, Hypnos has demonstrated its willingness to understand and engage, and making the necessary changes to decarbonise. This is the next big leap for a company that has already taken positive steps in the right direction, having been carbon neutral for almost 15 years,’ says Steve Malkin, Planet Mark founder.
Hypnos wants to achieve a 55% reduction in Scopes 1 and 3 from a 2023/2024 baseline and 90% in Scope 2. By 2040 aims to achieve net zero, a 90% reduction in Scopes 1, 2 and 3 with only unavoidable residual emissions (totalling no more than 10%) neutralised using carbon removal offsets.
‘Our commitment to net zero is hugely exciting and could not have been achieved without the significant efforts of the Hypnos team working together across all areas of the business, alongside some of our partner suppliers, and guided by the expertise at Planet Mark, enabling us to set new industry standards. We’ve already taken positive steps in carbon efficiency, demonstrated with an over 23% reduction in our last reporting year, and this new transition plan will see the organisation focus on a roadmap to net zero,’ says David Baldry, Hypnos group md.
‘The board and leadership team recognise that by making sustainability part of all management roles rather than a single function, the business can achieve tangible results across all Scopes. By measuring emissions and tracking progress, we can empower our teams to have a greater understanding, enabling them to make decisions and engage with our partners up and down our supply chain. I’m incredibly proud of what they have achieved by the team and the drive to go further.’
The plan will help Hypnos to continue decarbonisation across its value chain, importantly within Scope 3, which was responsible for 96.5% of all emissions in 2023/2024.
‘Scope 3 accounts for the vast majority of our total emissions, and with almost 80% of that coming from the purchased goods and services category. Many of our suppliers are long-standing partners we have worked with over the generations, chosen for their like-minded approach to sustainability and innovation. Wolf Components and H Dawsons have committed to the process, and are now working with Planet Mark to on achieving net zero and the appetite from others has been overwhelmingly encouraging.’
