Better Health for All

Ceres' core solid oxide fuel cell (SOFC) technology delivers significant positive health impacts by emitting no SOx, NOx, or particulates

, and running with zero emissions when using hydrogen or near-zero with natural gas . This technology provides electrical efficiency of 60% and has been deployed in pilot systems for hospitals . It has the potential to displace up to 1.6 million tonnes of CO2 per gigawatt each year compared to conventional generation , addressing climate change and air quality challenges. The company's products are designed to reduce harmful emissions, with no evidence of revenue from products with significant negative health impacts. The SOFC technology delivers power with a 30% carbon emission reduction compared to conventional combustion engines , resulting in substantial positive health externalities by improving air quality. The company's products are industrial fuel cells, and there is no information regarding user harm, product recalls, or adverse events. Ceres does not offer health-related products or services requiring accessibility considerations, nor do its products carry direct health risks requiring specific disclosure. The company's products do not have addiction potential.

No War, No Weapons

The company's core business is the development and commercialization of fuel cell technology for stationary power generation and transportation, including electric vehicle range extenders. There is no evidence in the provided articles of any defense-related business activities or military contracts.

Therefore, the KPI for board oversight of defense is scored as N/A, as there is no defense business to oversee.

Planet-Friendly Business

Ceres Power Holdings PLC reported total Scope 1, 2, and 3 carbon emissions of 10,360 tonnes CO2e in 2024, representing a 30.21% annual decline from 2023.

The company has committed to near-term emissions reduction targets validated by the Science Based Targets initiative (SBTi), aiming for a 42% absolute reduction in Scope 1 and 2 GHG emissions and a 53% reduction in Scope 3 GHG emissions per million GBP gross profit by 2030 from a 2022 base year. Ceres has sourced 100% of its electricity from renewable sources since 2021, maintaining this through 2024. Water use in 2024 was 3,704 m3. This translates to approximately 71.5 m3 per £1 million revenue. The company has achieved and maintained zero waste to landfill at its Horsham and Redhill facilities since 2023, with recycling rates of 77% and 73% respectively. Ceres has undertaken cradle-to-gate life cycle assessments (LCAs) for its 1kW, 5kW, and 10kW stacks, with re-evaluations planned for upcoming generations. Approximately 40% of the steel in its current generation stack is sourced from recycled steel. The company has committed to becoming a net-zero company by 2050, supported by its validated SBTi interim targets. In 2024, Ceres achieved its first full compliance with the Task Force on Climate-related Financial Disclosures (TCFD) and conducted climate scenario analysis using 1.5°C, 2.0°C, and 3.0°C pathways to assess business resilience.

Respect for Cultures & Communities

The company reports no cultural appropriation incidents.

Free, Prior and Informed Consent (FPIC) processes are not applicable to the company's operations, as no specific projects involving Indigenous Peoples are detailed. Similarly, no cultural incidents have been reported, making a specific response framework not applicable. The company's operations do not appear to impact cultural contexts or sites, thus no specific cultural impact assessment protocol or cultural site protection actions are reported as necessary.