Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Employee well-being
• Responsible supply chain
• Social responsibility
• Data Security

Environmental Achievements

• Omnimesh solution enabled utilities to significantly reduce carbon emissions by avoiding ~453,000 KG of CO2 emissions annually by reducing manual meter readings.
• Improved load forecasting and peak load management, reducing strain on energy resources and minimizing wastage.
• Smart meters support energy-efficient lifestyles among consumers.

Social Achievements

• Supported the education of over 1000 school children, with more than 750 being girls, under CSR initiatives.
• CyanConnode India recognised as Dun and Bradstreet ‘Start-Up 50 Trailblazer’.
• Partnered with Nanhi Kali to support the Digital Equality Programme for 700 girls in Gurugram, India.
• Extended support to two local government schools by providing educational toys and course books.

Governance Achievements

• Formally adopted the QCA Corporate Governance Code.
• Received ISO14001, ISO9001 (2015) and ISO27001 accreditations.
• Adopted an Anti-Bribery policy.
• Board refreshed in January 2024 with the replacement of one Non-executive Director.

Climate Goals & Targets

Environmental Challenges

• Global events (pandemics), movements in component pricing and stock shortages, funding, currency fluctuations, loss of key staff, quality of product and service, IT issues, macroeconomic conditions and political risk, failure to comply with legislation.
• Working capital continued to be a key challenge through FY24.
• Uncertainty on the future of the UK Smart Metering Project contract.

Mitigation Strategies

• Continual monitoring of the situation and adopting a flexible approach.
• Detailed stock planning and stock movement processes.
• Maintaining close relationships with suppliers.
• Regularly monitoring the financing needs of the Group.
• Exploring new business models (licensing, OPEX).
• Strong supplier qualification process, intake testing and analysis.
• Well-constructed IT infrastructure.
• Maintaining close relationships with partners and potential end customers.
• Using local partners familiar with local market conditions.

Supply Chain Management

Responsible Procurement

• Strong supplier qualification process
• Maintaining close relationships with suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, QCA Corporate Governance Code

Certifications: ISO 14001, ISO 9001:2015, ISO 27001

Third-party Assurance: RSM UK Audit LLP

Sustainable Products & Innovation

• Omnimesh solution

Awards & Recognition

• London Stock Exchange Green Economy Mark