TIDMEQT
RNS Number : 3648Y
EQTEC PLC
13 January 2022
13 January 2022
EQTEC plc
("EQTEC", the "Company" or the "Group")
EQTEC ESG Statement: Carbon Engineering for a Net Zero
Future
EQTEC plc (AIM: EQT), a world-leading technology innovation
company enabling the Net Zero Future through advanced solutions for
hydrogen, biofuels, SNG and other energy production, is pleased to
release its Environmental, Social and Governance ("ESG") Statement
of Intent (the "Statement").
The Statement sets out how the Company will build on its ESG
achievements to date and incorporate a range of ESG goals into its
three-year business strategy and annual business plans. The Company
views realisation of these goals as fundamental to its long-term
commercial success and market role.
The Statement organises its ESG goals into four strategic
priorities to focus the Group, its projects, its people and its
partners on accelerating progress toward realisation of global Net
Zero targets.
ESG goals in the three-year business strategy:
-- EQTEC focuses talent and innovation on CARBON ENGINEERING;
we will innovate and deploy clean solutions for advanced
biofuels and energy;
-- EQTEC is dedicated to re-establishing a CLEAN WORLD; we
convert the world's waste into valuable energy and biofuels
without creating dangerous pollutants or emissions. We
will manage carbon for the Net Zero transition and transform
waste to value;
-- EQTEC supports the development of SUSTAINABLE COMMUNITIES;
we engage locally, employ locally, implement locally and
maintain our technology locally. We will invest in responsible
partners and suppliers and engage and support local communities;
and
-- EQTEC commits to COMMERCIAL RESPONSIBILITY; we practice
high standards of governance and management across our
operations and value chain and communicate and engage
openly with our stakeholders. We will build the best teams
and keep them safe and grow and scale the business responsibly.
ESG goals in the 2022 business plan:
-- CARBON ENGINEERING: We will develop and take to market
a new syngas-to-chemicals solution;
-- CLEAN WORLD: We will set out how and when we will achieve
a Net Zero target for EQTEC, enabling a low-carbon future
that meets or exceeds national Net Zero targets in all
the jurisdictions in which we operate;
-- SUSTAINABLE COMMUNITIES: We will integrate ESG considerations
into our comprehensive partner qualification process
to ensure our partners build sustainable communities
and businesses wherever we operate, supporting them where
needed; and
-- COMMERCIAL RESPONSIBILITY: We will allow our people to
participate in ownership of our business through granting
long-term incentives (LTIs) to permanent staff and share-based
payments to contractors.
The Group is establishing formal governance for ESG and
integrating ESG reporting into existing Group management reporting
with ESG communication aligned into its existing communication
standards. A full year ESG report for 2022 will be released in
Spring 2023.
David Palumbo, CEO of EQTEC, commented:
"Our ESG Statement is built on EQTEC's unique contribution to
Net Zero carbon engineering and technical innovation. Grounded in
commercial responsibility, and through its talent and focus on
carbon engineering, EQTEC nurtures sustainable communities toward
concerted development of a clean world. EQTEC's mission has long
been intrinsically aligned into ESG and now is the time for us to
accelerate our efforts to build a leadership position in ESG, for
achieving Net Zero, for cleaning up and enabling communities and
for building a successful and sustainable commercial business."
Ian Pearson, Non-Executive Chairman of EQTEC, commented:
"EQTEC has long prioritised sustainable growth in its business
strategy. The ESG Statement enriches our strategy by setting
ambitious goals for the Group and its partners, suppliers and
employees. It also makes the Company and its leadership accountable
for driving progress and communicating it to our stakeholders.
EQTEC is positioned to be a leading contributor to building the
world's capability to deliver Net Zero by 2050; today's
announcement outlines how the Group will make good on that
role."
The ESG Statement is available on the company's website at
www.eqtec.com /latest-news/ .
ENQUIRIES
EQTEC plc +44 203 883 7009
David Palumbo / N auman Babar
-----------------------
Strand Hanson - Nomad & Financial Adviser +44 20 7409 3494
-----------------------
James Harris / James Dance
-----------------------
Arden Partners - Joint Broker +44 20 7614 5900
-----------------------
Paul Shackleton (Corporate) / Simon Johnson
(Sales)
-----------------------
Canaccord Genuity - Joint Broker +44 20 7523 8000
-----------------------
Henry Fitzgerald-O'Connor / James Asensio
/ Patrick Dolaghan
-----------------------
Alma PR - Financial Media & Investor Relations +44 20 3405 0205
-----------------------
Josh Royston / Sam Modlin / Matthew Young EQTEC@almapr.co.uk
-----------------------
+44 7554 014 188 / +44
BECG - General Media Enquiries 7867 452 269
-----------------------
Carrie Lowe / Tom Gosschalk EQTEC@BECG.com
-----------------------
About EQTEC plc
As one of the world's most experienced gasification technology
and engineering companies, with a growing track record of
delivering operational and commercial success for transforming
waste-to-energy through best-in-class technology innovation,
engineering and project development , EQTEC brings together design
innovation, project delivery discipline and solid commercial
experience to add momentum to the global energy transition. EQTEC's
proven, proprietary and patented technology is at the centre of
clean energy projects, sourcing local waste, championing local
businesses, creating local jobs and supporting the transition to
localised, decentralised and resilient energy systems.
EQTEC designs, supplies and builds advanced gasification
facilities in the UK, EU and US, with highly efficient equipment
that is modular and scalable from 1MW to 30MW. EQTEC's versatile
solutions process over 50 varieties of feedstock, including
forestry wood waste, vegetation and other agricultural waste from
farmers, industrial waste and sludge from factories and municipal
waste, all with no hazardous or toxic emissions . EQTEC's solutions
produce a pure, high-quality synthesis gas ("syngas") that can be
used for the widest range of applications, including the generation
of electricity and heat, production of synthetic natural gas
(through methanation) or biofuels (through Fischer-Tropsch,
gas-to-liquid processing) and reforming of hydrogen.
EQTEC's technology integration capabilities enable the Group to
lead collaborative ecosystems of qualified partners and to build
sustainable waste reduction and green energy infrastructure around
the world.
The Company is quoted on AIM (ticker: EQT) and the London Stock
Exchange has awarded EQTEC the Green Economy Mark, which recognises
listed companies with 50% or more of revenues from
environmental/green solutions.
Further information on the Company can be found at www.eqtec.com
.
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END
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January 13, 2022 05:49 ET (10:49 GMT)
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