Biome Technologies plc
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:35,642 kgCO2e
Renewable Energy Share:100%
Total Energy Consumption:134,709 kWh
Carbon Intensity:5,760 kgCO2e per £m revenue
ESG Focus Areas
- Climate Change
- Environmental Sustainability
- Social Responsibility
- Governance
Environmental Achievements
- Switched electricity supply to 100% renewable sources.
- Replaced fluorescent lighting with low-power LEDs.
- Installed EV charging points.
- Reduced Scope 1 and 2 emissions by 10.3%.
Social Achievements
- Commitment to equal opportunities and diversity and inclusion.
- Focus on employee health and safety.
- High-performance culture through recruitment, engagement, and development strategies.
Governance Achievements
- Adoption of the Quoted Companies Alliance Corporate Governance Code 2018 (QCA Code).
- Regular review of board performance.
- Implementation of a whistleblowing policy.
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2030.
Medium-term Goals:
- Grow Bioplastics division sales by 25% per annum.
- Grow RF Technologies division sales by more than 25% per annum, with more than 50% of sales coming from sectors other than its historic core fibre-optic market.
Short-term Goals:
- Grow sales to existing customers.
- Introduce ‘home’ compostable material.
- Expand end-customers using filtration mesh material.
- Convert new customers to compostable film.
- Expand customers using rigid materials.
Environmental Challenges
- Reduction in demand from a long-standing customer.
- Supply chain issues.
- Increased input costs.
- Long lead times for electronic components.
- Customer concentration.
Mitigation Strategies
- Increased activity with other end-customers.
- Working closely with customers to improve visibility and forecast accuracy.
- Seeking to validate new materials.
- Adopting an agile design and sourcing strategy.
- Continually seeking to add to its customer base.
Supply Chain Management
Responsible Procurement
- Flowing down Group values to ensure compliance with social responsibility and good governance policies.
Climate-Related Risks & Opportunities
Opportunities
- Global move to more sustainable materials.
Reporting Standards
Frameworks Used: Race to Zero Climate Campaign
Sustainable Products & Innovation
- Biodegradable plastic resins, films, and mesh goods
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:23,875 kgCO2e
Total Energy Consumption:94,227 kWh
ESG Focus Areas
- Climate Change
- Environmental Sustainability
- Social Responsibility
- Governance
Environmental Achievements
- Reduced Scope 1 and 2 emissions by 33% compared to 2022.
- GHG emissions per £m revenue reduced by 40.6% compared to 2022.
- GHG emissions per employee reduced by 30.4% compared to 2022.
- Bioplastics division products undergo Life Cycle Analysis (LCA) to minimize climate impact.
Social Achievements
- Commitment to equal opportunities and non-discrimination policies.
- Focus on employee engagement, development, and retention.
- Active promotion of diversity and inclusion.
Governance Achievements
- Adoption of the Quoted Companies Alliance Corporate Governance Code 2018 (QCA Code).
- Regular Board and committee performance evaluations.
- Implementation of a whistleblowing policy.
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2030.
Medium-term Goals:
- 25% annual growth aspiration for Bioplastics division.
- Growth of RF Technologies division by more than 25% per annum, with over 50% of sales from sectors other than fibre optics.
Short-term Goals:
- Continued growth in Bioplastics division, at a more modest rate than 2023.
Environmental Challenges
- Reduced revenues in the RF Technologies division due to contract delays.
- Supply chain disruptions in early 2024 due to Suez Canal and Panama Canal issues.
- Customer concentration risk in the Bioplastics division.
- Limited suppliers of key raw materials for the Bioplastics division.
Mitigation Strategies
- Diversification of revenue streams in the RF Technologies division.
- Close monitoring of inventory levels and working with customers to improve forecasting.
- Seeking to validate new materials and alternative sourcing strategies.
- Maintaining close working relationships with third-party manufacturers and implementing quality protocols.
Supply Chain Management
Responsible Procurement
- Close working relationships with key suppliers
- Compliance with Group policies
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: Race to Zero Climate Campaign
Sustainable Products & Innovation
- Home compostable bioplastics
- Energy-efficient RF heating solutions