Spectrum Technologies Ltd is committed to transparency in regard of its emissions and has undertaken to disclose its emissions data and its plans and actions to reduce those emissions to CDP Worldwide – https://www.cdp.net/en.
The Company made its first disclosure to CDP for the financial year ended 31 March 2022 in July of 2022. Based upon our submission, CDP has provided a Score Report which evaluates the Company’s environmental performance in regard of emissions reduction. The CDP Score Report allows companies to understand their score and indicate which categories require attention to reach higher scoring levels. This enables companies to progress towards environmental stewardship through benchmarking and comparison with peers, in order to continuously improve their climate governance.
The Board and management are pleased to note that the Company’s initial submission received a B score, ahead of the industry sector average of C. The Company will now use this as a benchmark and strive to improve on this in future years.