Climate Change Data

ALPHAWAVE IP GROUP PLC

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:65.84 tCO2e
Scope 1 Emissions:14.18 tCO2e
Scope 2 Emissions:6.33 tCO2e
Scope 3 Emissions:45.33 tCO2e
Total Energy Consumption:285,414 kWh
Carbon Intensity:0.73 tCO2e per US$m revenue

ESG Focus Areas

  • Workforce Diversity
  • Gender Pay Gap
  • Modern Slavery
  • Employee Well-being
  • Charitable Contributions
  • Carbon Neutrality

Environmental Achievements

  • Purchasing renewable energy certificates (RECs) significantly exceeding power consumption.
  • Operating in a low environmental impact sector.

Social Achievements

  • Increased headcount from 72 to 154, with equity incentivisation for all FY2021 hires.
  • Appointed a Workforce Engagement Non-Executive Director.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality
Short-term Goals:
  • Report gender pay gap
  • Publish modern slavery statement
  • Introduce best-in-class employee benefits
  • Track and publish charitable contributions
  • Report to TCFD and SASB
  • Formalise path to carbon neutrality

Environmental Challenges

  • COVID-19 pandemic impact on team and customers.
  • Limited ability to implement energy efficiency measures due to COVID-19 restrictions.
Mitigation Strategies
  • Quick adaptation to a virtual work environment, completing multiple tapeouts and the IPO process virtually.
  • Reviewing opportunities to implement energy efficiency measures as travel constraints lift.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Chronic shifts in climate patterns
Transition Risks
  • Changes to government policies, taxes, or measures aimed at reducing emissions
Opportunities
  • Increased focus on power consumption within data centers and networks

Reporting Standards

Frameworks Used: SASB, TCFD

Third-party Assurance: Carbon Footprint Ltd (for GHG emissions)

Sustainable Products & Innovation

  • Technology built to perform better at lower power

Awards & Recognition

  • TSMC ‘Partner of the Year’ (two years in a row)