REG - Ceres Power Holdings - Publication of Sustainability Report

Ceres Power HoldingsAnnouncement

26/10/2022 07:17

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RNS Number : 0985E  Ceres Power Holdings plc  26 October 2022

26 October 2022

 

Ceres Power Holdings plc

 

Publication of Sustainability Report

 

Horsham, UK: Ceres Power Holdings plc ("Ceres", the "Company") (AIM:CWR.L), a
world-leading developer of electrochemical technologies both in fuel cells for
power generation and electrolysis for the creation of green hydrogen and
energy storage, is pleased to announce the publication of its inaugural
Sustainability Report, a copy of which can be found at
www.ceres.tech/sustainability/ (http://www.ceres.tech/sustainability/) and
includes:

 

·    Full disclosure of Scopes 1 and 2 and now expansion of Scope 3
emissions in line with the Streamlined Energy & Carbon Reporting (SECR)
framework;

·    Using SASB guidance on the disclosure of financially material
sustainability measures, refining and adapting the metrics to align with
Ceres' business;

·    Commitment to membership of the United Nations ("UN") Global Compact,
a voluntary initiative to promote the development, implementation and
disclosure of responsible business practices;

·    Continued progress in Diversity, Equity, Belonging & Inclusion
both in the business and across the leadership team, and strategic focus on
attracting and retaining talent;

·    Reviewing practices against the Taskforce for Climate-Related
Financial Disclosure (TCFD) framework, in prepration for transitioning to the
Main Market of the London Stock Exchange.

 

Ceres recognises that the Company needs to have sustainability considerations
embedded across the business; from research and development, engagement
through its supply chain, supporting partners to scale the technology, through
to the end-of-life of products and systems where its technology has been
deployed.  Ceres aims to ensure its activities are in line with stakeholders'
expectations and it undertook a materiality assessment in 2021 in partnership
with an independent third party and identified the key opportunities and risks
to be addressed in the Company's ongoing ESG programme. Sustainably to Ceres
is about maintaining strong governance standards whilst making a positive
impact on society and the planet-for the benefit of all stakeholders.

 

Professor Dame Julia King, Baroness Brown of Cambridge, Non-executive Director
and Adviser to the ESG Committee of Ceres said: "We are at a critical time in
the history of our planet, with an urgent need to fundamentally change the
energy system and accelerate the global transition to clean and affordable
energy. It is essential for all companies across every industry to go further
to reduce their social and environmental impacts. I am pleased that Ceres is
now taking the first steps on its sustainability journey to evaluate and
disclose how we plan to manage our social and environmental impacts as a
business and across our supply chain."

 

Phil Caldwell, Chief Executive Officer and Chair of the ESG Committee of
Ceres, added:  "Ceres' world-leading technology has a crucial role to play in
global decarbonisation. Our inaugural Sustainability Report captures our
commitments to and progress towards building a long-term, future-proofed
business that places society and the planet at its core. It is a significant
milestone as we advance towards our transition to the Main Market of the
London Stock Exchange and ensures we maintain the highest standards of
governance that reflects our purpose and our values."

 

Ends

 

The Company will be hosting a live webcast for analysts and investors on 21
November at 14.00 GMT, during which the management team will present Ceres'
sustainability strategy; setting out objectives for the near and medium term,
followed by a Q&A session. To register your interest in participating,
please go to:
https://www.investormeetcompany.com/ceres-power-holdings-plc/register-investor
(https://www.investormeetcompany.com/ceres-power-holdings-plc/register-investor)
.

 

For further information visit www.ceres.tech (http://www.ceres.tech/)  or
contact:

 

 Ceres Power Holdings plc

 Elizabeth Skerritt                               Tel: +44(0)7932 023 283

 Investec Bank PLC (NOMAD & Joint Broker)

 Jeremy Ellis /Patrick Robb /Ben Griffiths        Tel: +44 (0)207 597 5970

 Berenberg (Joint Broker)

 Ben Wright / Mark Whitmore                       Tel: +44 (0)203 207 7800

 FTI Consulting (Financial PR)                    Tel: +44 (0)203 727 1000

 Dwight Burden / Sara Powell                      Email: ceres_power@fticonsulting.com (mailto:Ceres_power@fticonsulting.com)

 

About Ceres

Ceres is a world-leading developer of electrochemical technologies: fuel cells
for power generation, electrolysis for the creation of green hydrogen and
energy storage. Its asset-light, licensing model has seen it establish
partnerships with some of the world's largest engineering and technology
companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and
Doosan in Korea, to develop systems and products that address climate change
for power generation, transportation, industry, data centres and everyday
living.  Ceres is listed on the AIM market of the London Stock Exchange
("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which
recognises listed companies that derive more than 50% of their activity from
the green economy.

 

 

 

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