Business
Publication of Inaugural ESG Report
Publication of Inaugural ESG Report.
About this update from Itm Power Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8291U\n ITM Power PLC\n 08 April 2021\n \n \n \n \n 8 April 2021\n \n \n \n \n \n ITM Power plc\n \n \n (\"ITM Power\" or \"the Company\")\n \n \n \n \n \n Publication of Inaugural ESG Report\n \n \n \n \n ITM Power (AIM: ITM), the energy storage and clean fuel company, announces the release of its inaugural Environmental, Social and Governance (\"ESG\") Report and the launch of its new ESG strategy: \"Sustainable Energy, Engineered Sustainably\". The report is available on the Company's web site at: ITM_Power_ESG_Report_2020.pdf (itm-power.com)\n \n The Report covers the period from January to December 2020. It sets out ITM Power's current progress in ESG areas including energy and greenhouse gas emissions, employee health and safety, diversity and inclusion, human rights, employee training and education and stakeholder engagement. It also sets out the Company's ambitious new targets, which include:\n \n \n · Calculating and reporting on Scope 1, 2 and 3 greenhouse gas emissions\n \n · Reaching net zero greenhouse gas emissions before 2050\n \n · Rolling out the new ITM Academy to invest in employees, skills and training\n \n · Developing ITM Nurture to invest in outreach, dissemination and local community projects\n \n · Assessment of all critical suppliers and 50% of other direct material suppliers by May 2022\n \n The strategy and report have been overseen by ITM Power's new ESG Committee, chaired by Non-Executive Director Katherine Roe. The process and targets are designed to ensure that the sustained growth of ITM Power protects people and the planet, and delivers long-term value and transparency for shareholders and stakeholders.\n \n ITM Power has joined the UN's \"Race To Zero\", a global campaign to rally leadership and support from businesses, cities, regions and investors for a healthy, resilient, zero carbon recovery that prevents future threats, creates decent jobs, and unlocks inclusive, sustainable growth. The Company was also proud to have been awarded the London Stock Exchange's \"Green Economy\" mark in 2019.\n \n The next ESG report will be published in 2022, and will cover the period from January 2021 to April 2022, in order to align with ITM Power's financial reporting year.\n \n \n Dr Graham Co...