Photon Energy Group

Sustainability and ESG

At Photon Energy Group, we are committed to the highest ESG standards in all of our practices, on every scale.

Sustainability is one of our core values

We understand our responsibility to ensure that our work provides consistent, long-term benefits to the people and communities impacted by it, and to the world at large. This belief is fundamental to our ethical principles and is essential for our ongoing success and the growth of our business.

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What is ESG?

Strong environmental, social and corporate governance (ESG) practices help us ensure that our activities make a positive impact on our communities and the world at large.

ESG at Photon Energy Group

139.4 GWh

Clean Energy Generated in 2023 (+14.6% YoY)

57,970 tCO₂e

Avoided Emissions in 2023

400+

Employees

26

Nationalities on Our Global Team

0

Contributions to Political Parties

100%

Technology Purchases Subject to Due Diligence

Environment

All of our work – 100% of our revenue – is connected to activities creating sustainable value to the environment.

Our work reflects who we are: our dedication to sustainability is enshrined in the various policies we’ve developed to ensure that our dedication to the environment is also reflected in our environmentally friendly internal practices.

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Our Commitments

All of our field operations are subject to local environmental regulations, which we strictly adhere to.
When disposing of waste, all recyclable materials such as metal, wood, plastic, glass and paper are sorted and recycled.
We do not generally use chemical fertilisers or pesticides for landscape management.
For the cleaning of PV panels, we use only demineralised water, never chemical agents.
When clearing land to construct new power plants, we conduct in-depth biodiversity studies and implement measures to ensure that any unavoidable impact is minimised or reversed.
We follow the highest international standards to continuously improve our measurement of company-wide greenhouse gas emissions, and we also encourage environmentally friendly workplace practices to reduce our carbon footprint.

Social Conduct

We have a two-tiered approach in our employment practices: attracting a strong, diverse pool of talent and encouraging professional development. This vibrant community is one of our greatest strengths, and we are dedicated to its continued enrichment.

Our dedication to community extends beyond our company: one of our guiding principles is to prioritise the safety and well-being of everyone impacted by our work.

Our Commitments

We have stringent health and safety policies and procedures in places, and all employees are responsible for complying with any applicable laws and regulations. As a result of our rigorous practices and standards, we had no accidents in 2023.
We embrace all forms of diversity and provide equal employment opportunities without regard to gender, race, religion, disability, sexual orientation or age.
We provide an open, inclusive and non-retaliatory work environment, and discrimination of any kind is not tolerated.
We ensure that all employees are treated equally and objectively in opportunity and remuneration, using merit-based criteria.
We understand our obligation to protect the privacy of our customers and suppliers. We have strict policies and procedures in place to ensure that sensitive data is protected. This includes electronic data stored in our systems.
We give back to the communities we live and work in by offering every employee the possibility to volunteer one day per calendar year to support a charity aligned with our areas of priority.
We follow all local guidelines and regulations regarding community involvement and consultation.

Corporate Governance

Good corporate governance is essential to our sustainability. It creates an atmosphere of trust and allows us to build solid, lasting relationships with all of our stakeholders, from suppliers to investors.

As Photon Energy Group continues to grow, we are committed to maintaining our focus on the responsible management of our operations and affairs at a corporate level.

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Our Commitments

We have an independent supervisory board and audit committee in place to provide guidance and oversight to the management board on the general affairs of the company.
As a listed company, we apply the Dutch Corporate Governance Code and Warsaw Stock Exchange Best Practices.
We are committed to ensuring that all employees, customers and suppliers act in an ethical manner and that stakeholders are never exposed to unethical behaviours such as corruption, bribery or extortion. Besides our anti-corruption policy, all employees must sign an insider trading policy upon entering into their contract of employment.
Our misconduct reporting channel, the SpeakUp Line, is available to all our employees, consultants, suppliers and stakeholders. The chanel allows users to remain anonymous and is managed by an independent third-party operator.

Human Rights

We strive to conduct our business with respect for fundamental human rights. As part of this commitment, we require our business partners to respect and avoid the infringement of human rights, as well as address adverse human rights risks and impact.

We have zero tolerance for any form of modern slavery, child labour, forced or compulsory labour or human trafficking, and we hold our business partners to the same standard.

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Our Commitments

We take action to ensure that human rights are protected in our supply chain.
We are committed to developing a robust supply chain management system and build our organisational capacity to ensure that we integrate procurement with human rights functions.
We map and risk-assess our suppliers.
We include appropriate clauses in contracts with suppliers regarding labour risk.
We incorporate the requirements of auditability into contracts with our suppliers.

Sustainability Rating

We view independent sustainability ratings as a way to ensure that we hold ourselves to the highest standards, and to provide our stakeholders with confidence in our genuine commitment to a sustainable business model.

In 2023, imug rating renewed its rating of 'very good' of our ESG policies and practices, attributed based on the following scale: weak, moderate, good, very good, excellent. Download the report to learn more.

In addition to this, our Green EUR Bond was scored as 'attractive' by KFM Deutsched Mittelstand AG and we were named 'Best Issuer Green SME Bonds 2021' by Bond Magazine.

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