Materiality Assessment
We understand the importance of responsible environmental, social, and governance (ESG) practices and how our stakeholders play an essential role in ensuring we can succeed.
During the financial year ended 31 July 2024, we engaged with our stakeholders to review the key ESG-related topics that are the most significant to them.
Our approach to materiality
Our approach to materiality will be to review our ESG topics every three years through engagement with our key stakeholders. For the most recent assessment, we interviewed shareholders, employees and suppliers, as well as looking at the wider industry and peer groups.
Environment
The traditional method of making quantum dots included a toxic element – cadmium. This company was based on the development of cadmium-free quantum dots for large scale display applications, following an invention by our founder and current CTO Nigel Pickett.
We continue to develop quantum dots with environmental sustainability at the forefront of our developments.
- Greenhouse gas emissions
- Energy management
- Climate adaptation
- Air emissions
- Waste
- Water and effluents
- Biodiversity
Social
We operate in a very niche field, and to enable us to continue to develop, we recruit staff from all over the world.
However, there is a lack of gender diversity and underrepresentation of black and minority ethnic people. Recruiting a more diverse workforce will help us to address skill shortages and reduce social inequality.
- Employee health and safety
- Diversity, equity and inclusion
- Technical skills and knowledge
- Employee engagement
- Employee wellbeing
- Community impact
Governance
Good governance is fundamental to the successful growth of our business.
As a listed entity, there is increasing regulation and reporting required, resulting in associated financial risks and increases in corporate risk.
- Regulatory requirements
- Ethics and compliance
- IP protection
- Supply chain management
- Labour practices and human rights
- Product design and lifecycle