Elcogen is committed to adopt best practice and making a positive contribution to the environment and the society in which we operate, ensuring we address the concerns of our stakeholders, and, where possible and appropriate, report our Environmental, Social and Governance (ESG) risks and opportunities.

Whilst ESG issues formally fall under the oversight of the Audit, Risk and Sustainability Committee of the Board, which is chaired by Non-executive Director Carolyn Clarke, Elcogen’s senior management team direct and guide our ESG risks and opportunities and adopting best practice is filtered throughout all layers of the Company. Beyond this, the Audit Risk and Sustainability Committee provides constructive challenge to management.

The Directors recognise that ESG reporting will develop over time but have already started the collection of data to enable the process to commence and to provide a clear and transparent reporting standard. The results of this initial data collection are set out below.

All Elcogen’s revenues come from the production of fuel cells, which are recognised by FTSE Russell’s Green Revenues Classification System (Sector EQ 04.0).