Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 40% energy reduction achieved at Heathrow Airport using AUTO-DOLLY product (2019)
• 20% reduction in waste in 2021

Social Achievements

• Established excellent relationships with communities in regional offices and leading Universities
• Staff awareness campaign in 2021 to encourage reduced energy use and low-carbon transport

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Using sustainable suppliers, processes and distribution/logistics partners

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO14001, ISO26262, ISO9001, IATF16939

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• All vehicles are fully electric

Awards & Recognition

• Green Innovation award from Heathrow Airport (2019)
• Innovation of the year award from Autocar (2020)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced harmful emissions through electrification of vehicles and greater operational efficiency
• Maintained ISO14001 Environmental accreditation
• Monitored and aimed to reduce packaging usage and recycle as much as possible

Social Achievements

• Created the post of HR Director to concentrate on people actions
• Developed people plans and monitored training
• Every employee joined the company’s share option scheme
• Created a new ‘Employee Forum’ to improve employee engagement
• Engaged with communities, universities, schools, industrial groups and charities through Corporate Social Responsibility
• Donated vehicles for education to The Coventry Transport Museum and The National Museum of Scotland
• Donated an Auto-Pod® to Western Michigan University’s Energy Efficient and Autonomous Vehicle (EEAV) Lab

Governance Achievements

• Followed the QCA code on Corporate Governance
• Established a strong board structure and sub-committees reporting on Remuneration, Audit and ESG
• Published anti-bribery, whistle-blowing and modern slavery policies on the website
• Integrum ESG rating upgraded from B to A

Climate Goals & Targets

Environmental Challenges

• Legacy systems rapidly being outgrown, potentially leading to a lack of pertinent information as the company expands.
• Competition in the Autonomous sector, particularly in aviation, with the risk of new competitors reducing the company's first-mover advantage.
• Need to manufacture at scale as Autonomous products become commercially viable.
• High concentration of sales across a few customers in the Automotive industry.
• Increasing threat of cyber-attacks.
• Inflationary pressures increasing costs of components and overheads.
• Risk of loss of key personnel.
• Supply chain restrictions, particularly relating to silicon chip supply.
• Risk of low uptake of Autonomous solutions due to lack of market knowledge.

Mitigation Strategies

• Reviewing current systems with a view to implementing a new robust ERP system.
• Regularly monitoring competition and leveraging significant barriers to entry in the aviation industry.
• Current facilities, resource and management skill expected to facilitate near-term production.
• Regularly reviewing strategy to reduce customer concentration.
• Robust infrastructure and Cyber resilience policy in place.
• Factoring inflation into forecasts and sensitivity analysis.
• Share option scheme to retain employees.
• Multiple source strategy for high-risk components.
• Regularly monitoring product development and customer contact, particularly with the main Aviation Partner.

Supply Chain Management

Responsible Procurement

• Sourcing from local companies where possible

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Auto-Dolly®, Auto-DollyTug®, Auto-Shuttle®

Awards & Recognition

• Innovator Award from Heathrow’s Clean Vehicles Partnership Awards

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• The Group won ‘Best Newcomer’ award at the AIM awards 2023, highlighting our commitment to investing in reducing our carbon footprint and engaging in DEI initiatives

Social Achievements

• Headcount increased at all levels, expanding the team from 48 at IPO to 95 at year end.
• A new ‘Employee Forum’ was created in early 2023, chaired by Andrew Cornish, with an aim to further improve our employee engagement.
• Aurrigo also continues to provide gender stats on an annual basis to Trade bodies of which we are members.

Governance Achievements

• The Group was awarded an ‘A’ rating for ESG following an independent assessment from Integrum ESG.
• The Board is fully committed to its obligation individually and collectively to act in good faith to seek to promote the success of the Group for the benefit of its shareholders as a whole and the interests of other stakeholders.
• We have established a strong board structure and sub committees reporting on Renumeration, Audit and ESG.

Climate Goals & Targets

Environmental Challenges

• Systems Risk: The Group and main trading company accounts are maintained on legacy systems which it is rapidly outgrowing.
• Competition Risk: As the Autonomous sector grows, particularly in the sphere of Aviation, there is the risk that new competitors enter the market reducing or removing the Group’s first mover advantage.
• Manufacturing at Scale Risk: As its Autonomous products become commercially viable the Group will be required to manufacture at scale.
• Concentration Risk: The Group is currently exposed to a high concentration of sales across its top few customers currently in the Automotive industry.
• Cyber Attack Risk: Cyber-attacks such as ransomware are an increasing threat to all businesses.
• Supply Chain restrictions Risk: Issues with supply chain particularly in relation to silicon chip supply starting through the Covid period still exist.
• Market Acceptance Risk: There exists the risk of low uptake levels without market knowledge of product offerings and what is required to introduce, run, and maintain the commercially available products.
• Loss of Key Personnel Risk: Due to the Group’s size and number of employees it relies on the knowledge and skills of a few senior and technical employees.
• Environment Risk: Global climate change is leading to more extreme weather conditions.

Mitigation Strategies

• Implementing a new robust ERP system across all companies within the Group.
• Regularly monitoring competition through industry publications and research notes.
• Regularly reviews and questions timescales and options for large scale production.
• Reducing concentration through the addition of new customers and increasing revenue streams from lower concentration customers.
• Robust infrastructure and Cyber resilience policy in place with secure connection to multiple firewalled local servers.
• Multiple source strategy for high risk components including silicon chips.
• Regularly monitors progress of product development and customer contact.
• All new employees have been entered into the Group’s share option scheme.
• Employee working conditions, health and safety are reviewed and appropriate action taken as required. Products have already been tested in hot, humid, and cold conditions.

Supply Chain Management

Responsible Procurement

• Supplier Performance Management Programme

Climate-Related Risks & Opportunities

Physical Risks

• extreme weather conditions

Sustainable Products & Innovation

• Auto-DollyTug®
• Auto-Sim®
• Auto-Connect®

Awards & Recognition

• Best Newcomer award at the AIM awards 2023