Climate Change Data

eEnergy Group plc

Climate Impact & Sustainability Data (2020-07 to 2020-12, 2022-07 to 2023-12)

Reporting Period: 2020-07 to 2020-12

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Carbon footprint reduction
  • Energy efficiency

Environmental Achievements

  • Number of LED lighting installations completed at schools and businesses in the UK & Ireland almost doubled in H1 2021 to 111 (H1 2020: 57)
  • Launched a new Green Energy Initiative to help UK schools reduce carbon emissions and save money by switching to LED lighting

Social Achievements

  • Not disclosed

Governance Achievements

  • Strengthened the Management with appointment of Rob Van Leeuwen as Group Chief Operating Officer in December 2020 and the Board with the appointments of Derek Myers as Chief Innovation Officer in December 2020, and Gary Worby as an Independent Non-executive Director in January 2021.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • COVID-19 impact causing delays in customer decision-making and project timeframes
Mitigation Strategies
  • The Group’s business model has been able to navigate the impact of COVID-19 with new contract wins and accelerated installations in the school holidays
  • An integrated supply chain has also increased operating efficiencies. Venture Lighting holds dedicated stock lines in the UK for eLight, which has meant the Group has avoided supply chain disruption caused by Brexit or COVID-19.

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

  • LED lighting solutions

Awards & Recognition

  • The Green Economy Mark by the London Stock Exchange

Reporting Period: 2022-07 to 2023-12

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Management
  • Employee Welfare and Community Engagement
  • Responsible Value Creation
  • Governance

Environmental Achievements

  • Achieved ISO 14001:2015 Environmental Management System certification.
  • All UK-based employees eligible for company vehicles are driving electric vehicles.
  • Initiatives to minimize carbon footprint and manage waste effectively.
  • 4,481 tonnes of carbon saved during the 18 months from June 2022 by transitioning clients to solar energy and reducing consumption.

Social Achievements

  • Introduced an HR Information Management system.
  • Introduced health insurance with mental health support for all employees.
  • Implemented an annual performance review process.
  • Offered a range of competitive employee benefits including hybrid working.

Governance Achievements

  • Established a Board-level ESG Committee.
  • Implemented new policies: Health and Safety, Anti-Bribery and Corruption, Code of Conduct, Data Privacy, and Climate Change.
  • Achieved ISO 9001, ISO 14001, and ISO 45001 certifications.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Target high-teens adjusted EBITDA margins.
Short-term Goals:
  • Complete comprehensive management-led ESG strategy (Q2 2024).

Environmental Challenges

  • Market pause in the second half of 2023 due to settled energy prices and increased cost of funding.
  • Longer than anticipated Energy Management Division disposal process.
  • Balance sheet constraints restricting revenue growth and margins.
  • Market fatigue created by falling energy prices and increased cost of funding leading to delays in project decision-making cycles.
Mitigation Strategies
  • Successful disposal of the Energy Management Division, strengthening the balance sheet and enabling access to multi-million-pound opportunities.
  • Developed a unique £40 million public sector compliant funding solution with NatWest.
  • Focus on converting the growing sales pipeline.
  • Actions being taken to materially reduce the Group PLC cost-base.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Strategic supply chain partnership with Luceco.
  • Use of BCorp organisation for company apparel.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

Sustainable Products & Innovation

  • eLight App
  • eSolar
  • eCharge
  • MY ZeERO platform

Awards & Recognition

  • Green Economy Mark by London Stock Exchange