Verditek PLC
Climate Impact & Sustainability Data (2019)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Developed and commercialized cutting-edge solar technologies focused on CO2 emission reduction and deodorization.
- Manufactured lightweight solar modules with innovations including interconnectivity of individual PV cells and increased flexibility.
Social Achievements
- Established policies for recruitment, diversity and equal opportunities, training and development.
- Prioritized providing a working environment where employees can develop their full potential.
Governance Achievements
- Adopted the principles set out in the Corporate Governance Code for small and midsized companies published by the Quoted Companies Alliance.
- Established an Audit Committee and a Remuneration Committee with formally delegated duties and responsibilities.
Climate Goals & Targets
Medium-term Goals:
- Accelerate Verditek Solar commercialization
- Define commercial opportunities of the Paragraf JDP
Short-term Goals:
- Achieve first commercial sales
Environmental Challenges
- Market conditions (subsidized tariffs for conventional electricity, price wars, relaxed emission laws)
- Commercial success (products too expensive, low ROI, slow sales leads)
- License to operate (meeting AIM corporate governance requirements, HSE violations)
Mitigation Strategies
- Pursue clients in diverse regions, markets, and industry segments.
- Establish procurement relationships, optimize material costs, pursue licensing relationships.
- Benchmark corporate governance against QCA guidelines, implement HSE programs.
Supply Chain Management
Responsible Procurement
- Seeks compliance with ISO14001 where relevant
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Lightweight solar modules
- Graphene integrated photovoltaic cell