How we drive sustainability at Xaar
Our new fifth pillar
When we first launched our Sustainability Roadmap we focused on four pillars – Environment, People, Innovation and Community – with a commitment to sound governance. As we move towards a wider ESG Roadmap, we want to have more of a focus on Governance so we have included it as a fifth pillar.
As well as aligning with the requirements of the UK Corporate Governance Code, Xaar’s commitment to good governance means embedding it within the entire organisation, to establish a positive and proactive culture aligned to our vision and values.
To achieve this, we continue to improve our systems and processes to ensure a robust governance framework that supports the Board’s responsibility for leading the Group. This corporate governance structure has clearly defined responsibilities, designed to safeguard and enhance the long term sustainable success of Xaar.
Xaar benefits from a strong ESG governance structure. Our cross-functional ESG Committee has accountability to the Board. This group brings together a wide range of skill sets as well as a shared determination and passion for a more sustainable future. Our CFO Paul James has specific Board responsibility for ESG matters.
During 2024, the Board undertook the following key governance activities: Recruited two new nonexecutive directors, including the Chairman of the Audit Committee; appointed a new Chief Financial Officer; ensured compliance with the UK Corporate Governance Code 2018; conducted an internal review of Board and Committee effectiveness and performance.
A strong governance framework with robust supporting processes across Xaar is a key factor in delivering sustainable business performance, generating value for shareholders and contributing to wider society
To deliver on our sustainability and ESG ambitions it is vital that we work towards clear milestones and goals. Which is why in the second half of 2021 we formed a Sustainability Team with governance and accountability through to the Board.
This group, formed of representatives from across our business, has developed a co-ordinated Sustainability Roadmap that will push Xaar towards ins Net Zero by 2030 goal and our wider ESG commitments.
Standards and compliance
Our manufacturing sites meet stringent environmental and quality standards.
Quality Management Standard: ISO 9001
Our Huntingdon, Waterbeach and FFEI operations have ISO 9001 in place
Environmental Management: ISO 14001
Our Huntingdon, Waterbeach and FFEI operations have ISO 14001 in place
Energy Saving Opportunity Scheme (ESOS)
All of UK operations are fully compliant with the ESOS scheme.