The Parkmead Group plc

Climate Impact & Sustainability Data (2024)

Renewable Energy Share:12% in FY24 (6% in FY23)

Transitioned into one of the first independent, publicly listed E&Ps with operational and development-stage renewable energy assets
Annual Report mailing packaged using fully recyclable materials

All senior management and Board have an ‘open door’ policy to promote employee engagement and interaction
Parkmead encourages the professional development of all staff

Adopted the Quoted Companies Alliance Corporate Governance Code 2018
Established a Board with an appropriate balance of Executive and Non-Executive Directors

Long-term Goals:

Build and operate a well-balanced energy portfolio which includes gas, oil, renewable energies and energy economics benchmarking

Medium-term Goals:

Short-term Goals:

Deliver shareholder value from the work done in accumulating and progressing UK offshore licences
Progress attractive hopper of organic growth initiatives, such as the Pitreadie wind development opportunity

Uncertainty over the future of the UK offshore oil & gas industry
Negative investment environment created by successive UK governments through ambiguous energy policy and a series of changes to the fiscal regime
Variable reservoir performance and cost overruns on exploration, development and production projects
Volatile market price of hydrocarbon products
Production risks from its onshore assets throughout the Netherlands

Diversifying its asset base into renewable energies
Actively managing its committed expenditure, including short-term working capital and cash flow requirements
Managing its non-operated production through joint ventures with appropriate planning, budgetary monitoring and asset management
Establishing a strong asset base and continuing discussions with a range of finance providers
Continuously seeking to diversify its revenue streams through investment in other near-term production assets as well as additional forms of energy generation

Climate Change Data