Storm Technologies Limited

CSR Strategy Plan

Prepared by Mark Smith

March 2023

Our Approach

Storm Technologies is committed to being a successful and sustainable business, where profit, people and planet are at the heart of how we operate.

We recognise the challenges of climate change and the need to transition to Net Zero, and this has shaped our sustainability strategy.

We are committed to delivering wider positive sustainability impact for our employees and customers, reducing impact and supporting improved practices to deliver a more sustainable future.

We are active participants in industry frameworks to improve sustainability in our sector, as signatories to the Microsoft Pledge and as a Cisco Environmental Sustainability Specialist. Our emissions management is externally verified and our work in this area has delivered our Net Zero targets which build upon work we have already undertaken to limit our emissions impact from our operations.

Aim

At Storm Technologies we wish to be at the forefront of efforts in our sector to deliver a successful transition to a lower carbon economy, whilst supporting overall commercial sustainability.

The targets we are setting in our sector are designed to support our leadership position on through both our own performance in direct emissions reduction, but also on supply chain emissions.

Our focus is on emissions reduction as a priority and the use of carbon offsets will only be considered where residual emissions remain, and robust offsets can be obtained to balance their impact.

Commitments

We are committed to reducing our Scope 1&2 carbon emissions by 50% by 2030 We are using 2021 as our baseline for this target and have prepared our target using external specialists.

We will continue to expand the boundaries of our reported impacts to include the emissions from our wider supply chain. These will be incorporated into our targets by 2024.

We are committed to setting robust Net Zero targets for the period 2030-2050 within the next 18 months.

We are currently reviewing the UN Sustainable Development Goals with a view to becoming signatories in 2023 to support our wider sustainability strategy.

Delivering on our commitments

Emissions reduction and Net Zero planning is supported by our internal governance and frameworks to deliver on our goals. From board level responsibility through to dedicated senior management focus, we are developing a framework to support our Net Zero roadmap.

We are currently engaging with suppliers and plan to fully map our supply chain by October 2023 with a view to creating Scope 3 supply chain targets. The company will engage with and support its suppliers to deliver lower carbon outcomes, as this impact is likely to exceed our direct impact as a business.

We have engaged carbon accounting specialists to understand our own impacts and reduction potential, as well as support the roll out of our continued measurement and reduction efforts. This provides support and expertise to our in house team.

Our transition to Net Zero will comprise the following core elements:

• Reduction of carbon emissions from our operations and staff, supported by monitoring through regular measurement and assessment.

• Reduction of carbon emissions from our logistics.

• Reduction of carbon emissions from our supply chain. These reduction areas will be driven by:

• Education to drive behavioural change and support suppliers.

• Innovation in process and service delivery

• Investment in energy and resource use efficiency.

Current Performance

We have been measuring our Scope 1 & Scope 2 emissions since 2020

In 2022 we extended our measurements for 2021 to include wider Scope 3 impacts over which we have some control.

For 2021 our CO2e represented in metric tons (tco2e) and related kwh totals were as follows: tCO2e

Scope 1 12.32

Scope 2 136.82

Scope 3 376.05

Totals 525.19

The intensity of our emissions is measured against both our employees and our revenue.

The composition of our emissions is shown in the graphic below. The composition of our emissions has informed the near term targets we have set.

The focus of our 2030 Scope 1 & 2 targets are areas where we have control over the emissions sources, e.g. electricity and vehicles.