The Group has the responsibility for managing the challenges that affect the business on a daily basis; this also includes our impact on the environment, our workforce, and the community.
The Group is committed to minimising the environmental impact of both its manufacturing processes and its products. However, even with the most responsible approach, some carbon dioxide (CO2) will be released into the atmosphere as an indirect result of factory and selling activities and customers’ use of luminaires.
In 2009, F W Thorpe designed an ambitious carbon-offsetting scheme to help compensate for these emissions. We have chosen to plant trees. Why trees? Trees and other plants absorb CO2 during photosynthesis. One tree grown to maturity in open space can absorb approximately 1 tonne of CO2 over its lifetime. A forest covering many acres can effectively lock up CO2, creating a 'carbon sink'.
The scheme is now accredited under the Woodland Carbon Code.
As a company whose shares are traded on the Alternative Investment Market of the London Stock Exchange Plc, the company is not required to comply with the Principles of Good Governance and Code of Best Practice (“The UK Corporate Governance Code”, or the “Code”).
However, the Board considers the Quoted Companies Alliance’s “Corporate Governance Guidelines for Smaller Quoted Companies” (the QCA Guidelines) relevant due to the size and complexity of the company. The QCA Guidelines apply key elements from the Code and other relevant guidance to the needs of small and mid-size quoted companies for which the Code may not be entirely or directly relevant.