Commitment to Environment and Climate Change
Climate change represents one of the most important global challenges and TerraThermo Limited (“TerraThermo” or the “Company”) acknowledges the goals set forth by the Paris Climate Change Agreement. Additionally, the provision of affordable, secure and reliable energy is one of the biggest challenges confronting the world.
We recognise the world’s demand for action to address climate change, and by delivering renewable energy storage and low-carbon baseload power generation with Hot Dry Rock geothermal technologies, we will help to sustainably meet European energy demand.
We are working to align our strategy and business practices to support the UN Sustainable Development Goals, in particular Goals 7 Affordable and Clean Energy, 12 Responsible Consumption and Production, and 13 Climate Action.
We commit to:
Go beyond compliance with legal requirements and implement best practice in order to minimise harm to the environment and negative impacts on the climate.
Consider and address climate change-related risks and opportunities as part of standard business planning, decision making, and project design.
Optimise our projects to ensure energy consumption and materials use is minimised, and ensure responsible recycling and disposal of waste.
Monitor natural environmental habitats (air, land and aquatic) affected by our operations to understand our impact, and then act to reduce negative impacts.
Not just prevent adverse impacts on the environment, but work to improve the areas in which we operate, including restoration of legacy oil and gas sites.
We expect everyone involved in our business and operations to take responsibility and be accountable for compliance with all procedures, systems, legislation, and applicable regulatory requirements.
We are currently developing a detailed HSEQ policy where we will expand on our environmental and emissions commitments. The Chief Executive Officer, supported by the Directors, is accountable for the environmental performance of the company and shall ensure that sufficient resources are in place to implement this policy.
We will maintain a fit-for-purpose management system to ensure management of our risks and safe and secure activities as our business grows.
All policies will be regularly reviewed and updated to ensure they remain effective and are aligned with best practice standards.