Climate Change Data

Environmental Metrics

ESG Focus Areas

• Water reduction
• Chemical reduction
• Energy reduction
• Sustainability

Environmental Achievements

• Reduced water consumption by 887 million liters in commercial laundries (equivalent to supplying water to 5,300 UK households for one year)
• Commercial laundry technology certified as an “Environmentally Preferred Product” by SCS Global Services based on a Life Cycle Analysis

Social Achievements

• Acquisition of Marken Inc. demonstrating decontamination of PPE and extending garment life
• Increased to eight the fleet of Xeros machines with a garment fleet provider for the cleaning the PPE of SNCF and Air France workwear

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Simultaneously managing commercialization milestones, maintaining a healthy balance sheet, and progressing shareholder value
• Commercialization risk due to the company's size and limited cash resources relative to potential partners

Mitigation Strategies

• Raised £15.8m in December 2018 to strengthen the balance sheet
• Rapidly reducing cost base with shrinking demands on development expenditure and move to a licensing business model
• Plan to raise further equity to reach cash flow break-even

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• XDrum™ technology
• XFiltra™ filtration device

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Clean Water
• Climate Action
• Life Below Water
• Sustainability

Environmental Achievements

• Reduced water consumption in garment dyeing and finishing
• Significantly reduced the volume of chemistry used and effluent produced in these processes
• Xeros-enabled products make garments look better for longer whilst reducing water, energy and detergent bills
• XFiltra captures up to 99% of microplastic fibres released from a load of laundry

Social Achievements

• Supports employment of disabled people
• Keeps employees fully informed
• Seeks employee views on matters affecting them

Governance Achievements

• Adopted the Quoted Companies Alliance Code for Small and Mid-sized quoted companies

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic causing delays
• Risk of competing technology
• Market acceptance of products
• Commercialisation risk
• Early stage of operations
• Dependence on key executives and personnel
• Economic conditions and geopolitical risks
• Third party risk
• Dependence on key suppliers

Mitigation Strategies

• Taking steps to protect employees and partners
• Managing expenditure and extending cash reach
• Raising additional funds (£11m)
• Transition to asset-light licensing business
• Focus on supporting partners and seeking further partners
• Maintaining adequate protection of intellectual property
• Regular review of risks by the Board and Audit Committee
• Developing alternative sourcing strategies
• Succession planning

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 6
• Goal 13
• Goal 14

Our products help achieve multiple UN Sustainable Development Goals including 6. CLEAN WATER, 13. CLIMATE ACTION and 14. LIFE BELOW WATER

Sustainable Products & Innovation

• XOrbs™
• XDrums™
• XFiltra™

Environmental Metrics

ESG Focus Areas

• Water conservation
• Pollution reduction
• Resource efficiency
• Sustainability
• Employee well-being

Environmental Achievements

• First sales under license of Xeros technologies, reducing water and chemistry usage in garment finishing and laundry processes.
• University of Plymouth study ranked Xeros’ XFiltra as the best available technology for microfibre capture in domestic washing machines.

Social Achievements

• Uncompromising commitment to employee well-being and safety throughout the COVID-19 pandemic.
• Supports employment of disabled people through recruitment, retention, training, career development, and promotion.

Governance Achievements

• Full compliance with the Quoted Companies Alliance Code for Small and Mid-sized quoted companies.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic caused delays in market launches for licensees.
• Global economic uncertainty and travel restrictions impacted international collaborations.

Mitigation Strategies

• License partners and Xeros teams worked remotely to prepare products for market launch.
• Secured £15.0m in funding to support commercialization plans and mitigate pandemic disruptions.

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 6 (Clean Water and Sanitation)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 14 (Life Below Water)

Xeros' technologies contribute to these goals by reducing water consumption, minimizing pollution, and promoting sustainable practices in the textile industry.

Sustainable Products & Innovation

• XOrb/XDrum platform
• XFiltra platform

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Xeros' technologies reduce water, energy and chemical use in laundry and apparel manufacturing, and capture up to 99% of microfibers during laundry, preventing microplastic pollution.

Social Achievements

• Pays above living wage for all employees.
• Provides a range of non-payroll benefits including healthcare, life assurance and access to an employee assistance programme.
• Offers internal and external wellbeing support.
• Supports a 4.5 day work week and flexible hours/hybrid working.
• Health and Safety policies and practices show continuous improvement.

Governance Achievements

• Achieved B Corp certification in August 2023.
• Has a clear governance structure, led by the Board and a strong code of ethics.

Climate Goals & Targets

Environmental Challenges

• Improving community engagement and support for Diversity, Equality and Inclusion.

Mitigation Strategies

• Aim to engage with local community to understand their needs and contribute positively to their development.
• Support further charitable giving by the Group and its employees.
• Make payroll giving available to employees, run quarterly charitable initiatives and provide support to employees to help their communities.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: B Corp

Sustainable Products & Innovation

• Care and Finish technology
• Filtration technology