Solid State Plc ESG

Sustainability

As a leading technology manufacturer with established operations across a wide range of sectors, Solid State PLC recognises its responsibility to protect the environment, its employees and the communities where it operates. The Company is committed to sustainability and aims to work in alignment with the 17 United Nations Sustainability Goals, the basis of the 2030 Agenda for Sustainable Development adopted by all UN member states in 2015 to ensure peace and prosperity for people and the planet now and in the future. In particular, as a specialist in industrial products, Solid State’s activities support Goal 9 – “to build resilient infrastructure promoting inclusive and sustainable industrialisation and foster innovation”.

Environment

Solid State aims to conserve the natural environment by utilising resources in a sustainable manner to reduce environmental harm. The Company measures and reports its environmental performance, identifying strategies to minimise energy use – for instance, the Company is moving company owned cars to being low CO2, hybrid or electric vehicles.

Solid State manages its waste in compliance with the Waste Batteries and Accumulations Regulations 2009 and Waste Electrical and Electronic Equipment (WEEE) Directive in conjunction with RoHS. Where possible, the Company works with customers to ensure all hazardous waste is disposed of properly in compliance with the regulations.

Social

Solid State is committed to providing a safe, healthy working environment for its employees, whilst also seeking to benefit communities adjacent to its operations. The Company works with a wide range of third-party organisations in areas such as ethical employment policies, educational and community work, and employees are encouraged to carry out volunteer work.

Solid State is committed to maintaining equality of opportunity in all its employment practices, with a diversity policy that its partners are also expected to meet. The Company aims to foster a culture of openness and accountability to make it a “great place to work”.

Health and safety is at the core of its business activities and a standing item on the Board agenda to ensure a safe working environment, with employees being involved in safety audits, risk assessments and regular awareness training.  Solid State’s operations teams are involved in electronics industry-wide initiatives, working with industry associations and proactively registering under new regulatory directives such as Registration, Evaluation, Authorisation & Restriction of Chemicals (REACH) and WEEE.

 

Governance

Solid State believes in ethical conduct and high standards of corporate governance,  engaging with all stakeholders to ensure the highest standards across the supply chain whilst optimising returns for shareholders. The Board of Directors is responsible for ensuring the Company has in place appropriate governance practices and is accountable to shareholders for performance in this area. The Board operates under the QCA corporate governance code as is required for AIM listed companies under AIM rule 26. The Board and Audit Committee continuously review the Company’s financial and operational controls, compliance and risk management, in line with its code of business conduct that sets out conduct expected of employees, business partners and agents/representatives. To access Solid State’s governance documentation please click here.

For further detail on Solid State’s approach to ESG, please see the Annual Report and Accounts for 2020 linked here.

For more information on the 17 United Nations Sustainability Goals please click here.

For more information on the United Nation’s 2030 Agenda for Sustainable Development please click here, and download the full document here.