- Products are at an early stage of commercialisation; High system costs may reduce competitiveness; Supply chain pricing tension and resilience; Competitiveness depends on the delivered price of hydrogen; Ongoing development requires ready access to test equipment; Risk of intellectual property leakage; International supply chain with sole-sourced components; Supply chain unproven at envisaged scale; Global pandemics; Failure to meet shareholder expectations; Competition attracting & retaining skilled personnel; Cyber risk; Customers and strategic partners in multiple jurisdictions; State-sponsored aggression; Emissions targets and government support can impact customer purchasing decisions; Company does not yet generate positive cash flow; Multi-jurisdiction supply chain exposes the Company to foreign exchange risk.
AFC Energy PLC
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, AFC Energy PLC disclosed greenhouse gas emissions of 2.3K tCO2e/year (2023). By scope: Scope 1: 20.80 tCO2e/year (2023); Scope 2: 0 tCO2e/year (2023); Scope 3: 2.2K tCO2e/year (2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.3K tCO2e/year (2023)
2023
Renewable Energy
100% (green electricity)
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 20.80 tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0 tCO2e/year (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.2K tCO2e/year (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Carbon footprint data for 2022 & 2023 captured & compared to 2021 baseline; Reduced carbon footprint per employee in all categories; Scope 1 carbon footprint kept low.
- Using wholly green electricity for heating and power, resulting in no scope 2 carbon emissions.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Implement ISO 14001 and ISO 45001; Refresh materiality matrix
📅 Medium-term
- Scale up manufacturing; Achieve further progress on gender balance
🌱 ESG Focus Areas
Employee wellbeing and trainingGovernanceHealth and safetyEnvironmental programmesSupply chain and materials sourcingProduct end-of-life managementWaste and waste managementBusiness ethicsLegal and regulatory complianceProduct benefits and customer serviceCarbon footprintDeveloping clean energy solutionsEnvironmental issuesGovernance issuesSocial issuesProduct benefit issues