Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance
• Environment
• People
• Prosperity

Environmental Achievements

• Successful installation of solar panels
• Switching to LED lighting
• Electric vehicle charging and bike storage across all UK sites
• Minimising waste through reuse and recycling, biodegradable packing materials

Social Achievements

• Workforce grew by 16% year-on-year, including MwT acquisition
• No work-related fatalities; low incidence of lost time due to injury and absenteeism
• Low staff turnover (5.97% in 2024)
• Average length of service is 17 years, with 51% of the team having worked for the business for more than ten years
• Multi-year sponsorship deal with local football club Heybridge Swifts

Governance Achievements

• Established approach to Board-level oversight of sustainability
• Commitment to a range of corporate policies (anti-corruption, anti-harassment, whistleblowing, equal opportunities)
• Upskilled employees and deployed new security and monitoring tools to improve cyber security

Climate Goals & Targets

Environmental Challenges

• Elevated customer inventory levels and uncertainty of how that situation would unravel
• Weaker than expected revenues from traditional market sectors in the second half of the year
• Uncertainty remains and is suspected to continue to be a factor through the current financial year
• Global issues remain, including geopolitical and economic uncertainties
• Customer inventory overhang influencing the trading environment for the current year

Mitigation Strategies

• Increased levels of inventory held to protect against supply chain disruption
• Dual sourcing some manufacturing functions where possible
• Continuously monitoring supplier prices, currency exchange rates, and gross margins, leading to pricing adjustments with customers
• Managing risk appropriately while staying focused on growth opportunities
• Maintaining a strong balance sheet with no debt

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Closely maintained key supplier relationships to minimise impact from potential supply chain disruption
• Increased inventory levels to protect against disruption
• Dual sourcing some manufacturing functions where possible

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: WEF framework (Principles of Governance, Environment, People, and Prosperity)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• DRM1000 module (60% cost reduction and 80% power reduction over existing DRM technologies)

Awards & Recognition

• Not disclosed