RCS - HydrogenOne Cap Gwth - Publication of 2024 Sustainability Report

Hydrogenone Capital GrowthAnnouncement

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RNS Number : 7205G  HydrogenOne Capital Growth PLC  30 April 2025

LEI: 213800PMTT98U879SF45

30 April 2025

HydrogenOne Capital Growth plc

('HydrogenOne' or the 'Company')

Publication of 2024 Sustainability Report

 

HydrogenOne Capital Growth plc, the first London-listed fund investing in
clean hydrogen for a positive environmental impact, is pleased to note the
publication of its 2024 Sustainability Report.

In 2024, the Company continued to focus its commitment to ethical investment
practices and enhanced climate stewardship.

At its heart, the clean hydrogen industry is an opportunity to remove 830 mtpa
of GHGs from the polluting and growing grey hydrogen sector, and to address
many multiples of that figure over time in the transport, heat and power
sectors. This is why 'avoided GHG emissions' remains a key metric for the
Company.

Highlights:

 

·    £116.3 million deployed in low-carbon growth investments (FY2023:
£113.7 million);

·    Total GHG emissions in 2024 were 230t CO2e, 18% lower than 2023 (279
tCO2e);

·    As an Article 9 fund, the highest sustainability classification under
EU SFDR;

·    Over 132,800 tonnes of Greenhouse Gas (tCO2e) emissions avoided in
FY2024 (FY2023: 91,116 tCO2e) (over 576 times the combined scope 1, 2 and 3
emissions of the Company in the same period) and 274,534 tCO2e (FY2023:
141,695) since IPO;

·    Potential 537,193 megawatt-hour (MWh) lifetime clean energy capacity
in FY2024 (FY2023: 571,294 MWh) and 1,334,487MWh (FY2023: 797,294) since IPO;
and

·    The Company's investments either directly or indirectly displace
fossil fuels, making a clear contribution to achieving the Paris Accords
target of limiting global temperature rises to below 2 degrees and ideally
limiting them to 1.5 degrees.

The full report can be found at:
https://hydrogenonecapitalgrowthplc.com/sustainability/sustainability-related-disclosures/

 

 

 

- Ends -

 

Notes

 

For further information, please visit www.hydrogenonecapitalgrowthplc.com
(http://www.hydrogenonecapitalgrowthplc.com) or contact:

 

 HydrogenOne Capital LLP - Investment Adviser   Tel:+44 20 3830 8231
 JJ Traynor / Richard Hulf

 Barclays Bank PLC - Corporate Broker           Tel: +44 20 7623 2323

 Dion Di Miceli                                 BarclaysInvestmentCompanies@barclays.com

 Stuart Muress

 James Atkinson

 Burson Buchanan - Financial PR                  Tel: +44 (0) 20 7466 5000

 Henry Harrison-Topham                           Email: HGEN@buchanancomms.co.uk (mailto:HGEN@buchanancomms.co.uk)

 Henry Wilson

 

 

About HydrogenOne:

 

HydrogenOne is the first London-listed hydrogen fund investing in clean
hydrogen for a positive environmental impact. The Company was launched in 2021
with an investment objective to deliver an attractive level of capital growth
by investing in a diversified portfolio of hydrogen and complementary hydrogen
focused assets. INEOS Energy is a strategic investor in HydrogenOne. The
Company is listed on the London Stock Exchange's main market (ticker code:
HGEN). The Company is an Article 9 climate impact fund with an ESG policy
integrated in investment decisions and asset monitoring.

 

The Company's Investment Adviser, HydrogenOne Capital LLP (FRN: 954060), is an
appointed representative of Thornbridge Investment Management LLP (FRN:
713859) which is authorised and regulated by the Financial Conduct Authority.

 

 

 

 

IMPORTANT NOTICE

 

This announcement contains (or may contain) certain forward-looking statements
with respect to certain of the Company's plans and/or the plans of one or more
of its investee companies and their respective current goals and expectations
relating to their respective future financial condition and performance and
which involve a number of risks and uncertainties. The Company cautions
readers that no forward- looking statement is a guarantee of future
performance and that actual results could differ materially from those
contained in the forward-looking statements.

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014, as it forms part of UK domestic law ("MAR"). Upon
publication of this announcement, the inside information is now considered to
be in the public domain for the purposes of MAR. The person responsible for
arranging the release of this announcement on behalf of the Company is
HydrogenOne Capital LLP.

 

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