Climate Change Data

SRT Marine Systems plc

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental protection and conservation of the marine environment
  • Health and safety
  • Business conduct and ethical standards
  • Employee wellbeing

Environmental Achievements

  • Not disclosed

Social Achievements

  • Transitioned to a largely home-based operating model to protect employee health and safety during the Covid-19 pandemic.
  • Continued investment in employee engagement and competitive remuneration packages.

Governance Achievements

  • Adherence to the Quoted Companies Alliance’s Corporate Governance code for small and mid-size quoted companies.
  • Establishment of an audit committee, remuneration committee, and nomination committee.
  • Implementation of a strict anti-bribery and corruption policy.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Significant delays to expected new system contracts due to Covid-19.
  • Restrictions on international travel for the Group’s delivery team.
  • Risks associated with government customers, including unpredictable project commencement dates, political and financial uncertainty, and variable payment terms.
  • Implementation risks associated with system contracts.
Mitigation Strategies
  • Covid-19 resilience financing exercise to provide additional working capital.
  • Additional training of local partners and use of technology to enable remote working by the delivery team.
  • Remodelling of systems delivery method to enable efficient project delivery with less in-country support from SRT engineers.
  • Forming long-term partnerships with local installation partners and investing in customer support and system project delivery teams.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed