Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Health & Safety
• Community Engagement
• Climate Change
• Biodiversity
• Corporate Social Responsibility

Environmental Achievements

• Advanced discussions underway for a move to using solar power as sustainable, low-cost energy.
• Opted to cultivate in a fully indoor facility to save on energy required to heat and cool glasshouses.
• Installing a closed-loop irrigation system sourced from an on-site borehole, with wastewater purified to prevent pollution.

Social Achievements

• Implementing a Corporate Social Responsibility (CSR) policy to support UN SDGs, focusing on youth and student populations.
• Engaging local communities by providing educational hardware and materials related to sustainability and biodiversity.
• Supporting the 2nd experimental High School of Kilkis with sustainability and digital technology student projects.

Governance Achievements

• Achieved admission to the Official List and trading on the London Stock Exchange’s main market.
• Established an Audit Committee, Remuneration Committee, and Nominations Committee.
• Adopted an anti-corruption and anti-bribery policy.

Climate Goals & Targets

Environmental Challenges

• Meeting import requirements for medical cannabis flowers in various European markets.
• Reliance on a small number of key employees and consultants.
• Operating in a new and evolving sector with inherent uncertainty.
• Adhering to licence regulations to avoid loss of license.

Mitigation Strategies

• Cultivating medical cannabis in a fully indoor and controlled environment to minimize microbiology and heavy metal exposure.
• Adopting a POD contract cultivation strategy where POD owners are end buyers.
• Offering incentives to its directors and management teams through participation in an options scheme.
• Maintaining regular contact with Greek cannabis cultivation licensing authorities.
• Conducting criminal background checks on key management personnel annually.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Using local businesses for construction and other services.

Climate-Related Risks & Opportunities

Physical Risks

• Increased input costs from higher temperatures
• Disruption to clean water supply
• Increased frequency of wildfires

Transition Risks

• Competition for capital to fund renewable energy
• Competition to source solar energy supplies
• Potential for higher input costs for building materials
• Supplier disruption
• Future patient demand for lower carbon emission products

Opportunities

• Cost savings from renewable energy
• Reduced water consumption through closed-loop irrigation

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 4
• Goal 13
• Goal 15
• Goal 12
• Goal 14

Initiatives contribute to these goals through community engagement, sustainable energy, biodiversity protection, and responsible resource management.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed