Oxford Cannabinoid Technologies Holdings Plc
Climate Impact & Sustainability Data (2021-06 to 2022-04)
Reporting Period: 2021-06 to 2022-04
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:15,000-20,000 kWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- All staff permanently home-based, reducing energy consumption to 15,000-20,000 kWh/year (below SECR reporting threshold).
- Donation of £1,500 to the Woodland Trust.
Social Achievements
- Board of eight members with equal sex split and diverse ethnic mix.
- Donation of office furniture to the British Heart Foundation.
Governance Achievements
- Adoption of the UK Corporate Governance Code.
- Establishment of a Scientific Advisory Board.
Climate Goals & Targets
Long-term Goals:
- Regulatory approval of first prescription cannabinoid product by 2027.
Medium-term Goals:
- Diversify shareholder base.
Short-term Goals:
- Next round of funding by end of Q1 2023.
Environmental Challenges
- Unsuccessful drug development.
- Delayed development.
- Fundraising challenges.
- Cash management issues.
- Key staff recruitment and retention.
- Quality assurance from CROs.
- Impact of COVID-19 pandemic.
Mitigation Strategies
- Multiple programs across value inflection points.
- Experienced CSO and Scientific Advisory Board.
- Strong communication with regulatory bodies.
- Contracts minimizing impact of delays.
- Increased notice periods for key staff, share option schemes.
- Experienced partners with successful track record.
- Quality assurance processes, early engagement with regulatory authorities.
- Single commercial agreement with Evotec to minimize delays.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Best-in-class partners selected.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: UK Corporate Governance Code
Certifications: AAALAC
Third-party Assurance: Moore Kingston Smith LLP
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed