sustainability

Our ESG Commitments

We are committed to upholding the highest environmental, social and governance (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.

121.6 GWh

of clean energy generated in 2022

49,013 tonnes of CO2

emissions avoided in 2022

Environment

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

In 2021, our solar power plants generated 103.3 GWh of clean electricity and 43,867 tonnes of CO₂ emissions were avoided.

Our work also includes ongoing research and development in the field of clean water technology, and our services include a unique nanoremediation solution, to address the growing problem of per- and polyfluorinated substances (PFAS) contamination in groundwater, as well as other contaminants.

View our case studies to learn more about the positive environmental impact of our work.

Beyond the work we do, we have various policies in place to ensure that our dedication to the environment is also reflected in our internal practices.

Our Environmental 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 all local guidelines and regulations regarding community involvement and consultation.
When working with subcontractors, we prioritise local suppliers so as to have a positive impact on the local economy through job creation.

18 nationalities

in our global team

Social Conduct

We are proud to have built a dynamic, diverse team of colleagues in locations around the world.

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 well-being of everyone impacted by our work.

We place the highest value on the safety and security of employees, as well as that of the communities and environments in which we operate. Our goal is for every employee and contractor to return home safely at the end of every day.

Our Social 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 serious accidents in 2021.
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.

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.

Our Corporate Governance 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 ensuring that all employees, customers and suppliers act in an ethical manner and that stakeholders are never subject to unethical behaviours such as corruption, bribery or extortion. We have an anti-corruption policy in place, and an insider trading policy is signed by all employees when they sign their contract of employment.
Our misconduct reporting channel, the SpeakUp Line, is available to all our employees, consultants, suppliers and stakeholders. The channel 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.

Our Human Rights 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 environmental, social and corporate governance (ESG) policies and practices, attributed based on the following scale: weak, moderate, good, very good, excellent. Download the report below 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.

imug rating Report (PDF)