Biome commits to UN Race to Zero climate campaign

RNS Number : 2884S

Biome Technologies PLC

16 March 2021

 

REACH

16 March 2021

Biome Technologies plc

("Biome", the "Group" or the "Company")

Biome commits to UN Race to Zero climate campaign

Biome announces that it has signed the SME Climate Commitment which has been designed specifically for small and medium-sized enterprises to align their operations with the latest climate science. By making the SME Climate Commitment, Biome will be recognised by the United Nations' Race to Zero campaign, which is aimed at achieving net zero carbon emissions by 2050. Biome joins a wide range of governments, businesses, cities, regions, and universities around the world that share the same mission.

Climate change risks pose threats to ecosystems, societies, markets and to companies and a globally coordinated response is needed to mitigate and manage those risks. Biome is committed to taking action, supporting the growing drive to a net zero carbon economy and being at the forefront of growth and the development of a truly sustainable plastics industry through its Bioplastics division.

Biome is now making this public commitment to accelerate its actions in order to:

· Halve its greenhouse gas emissions before 2030

· Achieve net zero emissions before 2050

· Disclose progress on a yearly basis

Biome will commence reporting on progress towards achieving the commitment to Race to Zero beginning with its Annual Report and Financial Statements for the year ending 31 December 2021.

Biome's public commitment has been made through the SME Climate Hub, more details of which can be found here: https://smeclimatehub.org/  

Paul Mines, Biome Technologies' Chief Executive Officer, commented:

"This is an important public commitment that will over time highlight Biome's everyday actions in production and development in driving its products, operations and extended supply chain to net zero carbon emissions."

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For further information please contact:

Biome Technologies plc

Paul Mines, Chief Executive Officer

Rob Smith, Chief Financial Officer

[e-mail]

Tel: [phone]

www.biometechnologiesplc.com

Allenby Capital

David Hart/Alex Brearley (Nominated Adviser)

Kelly Gardiner (Sales and Corporate Broking)

Tel: [phone]

About Biome

Biome Technologies plc is an AIM listed, growth-orientated, commercially driven technology group. Our strategy is founded on building market-leading positions based on patented technology and serving international customers in valuable market sectors. We have chosen to do this by developing products in application areas where the value-added pricing can be justified and are not reliant on government legislation. These products are driven by customer requirements and are compatible with existing manufacturing processes. They are market rather than technology-led.

The Group comprises two divisions, Biome Bioplastics Limited and Stanelco RF Technologies Limited.

Biome Bioplastics is a leading developer of highly-functional, bio-based and biodegradable plastics. The company's mission is to produce bioplastics that challenge the dominance of oil-based polymers.

Stanelco RF Technologies designs, builds and services advanced radio frequency (RF) systems. Dielectric and induction heating products are at the core of a product offering that ranges from portable sealing devices to large furnaces for the fibre optics markets.

www.biometechnologiesplc.com

www.biomebioplastics.com   and  www.thinkbioplastic.com  

www.stanelcorftechnologies.com

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