TIDMAXS
RNS Number : 8368G
Accsys Technologies PLC
30 November 2020
AIM: AXS
Euronext Amsterdam: AXS
30 November 2020
Accsys Technologies PLC
("Accsys", the "Group" or the "Company")
Accsys publishes new Sustainability Report and ESG framework
Accsys, the fast-growing and eco-friendly company that combines
chemistry and technology to create high performance, sustainable
wood building products, has today published a new Sustainability
Report that includes details of the Company's strategy and
performance on Environmental, Social and Governance ('ESG')
topics.
The report is available on the Accsys website at:
www.accsysplc.com/changing-the-world
Direct download is available at:
www.accsysplc.com/app/uploads/2020/11/Accsys-Sustainability-Report-2020.pdf
The Accsys Sustainability Report builds on the recognised
sustainable credentials of its Accoya(R) wood and Tricoya(R) wood
chip products, and details the work the Company has undertaken over
the last year to assess the issues most relevant and important to
the business, its industry, markets and stakeholders. Having
identified the 10 key material issues, Accsys has developed an
integrated sustainability framework and strategy aligned with its
purpose: 'Changing wood to change the world'. This approach
includes not just identification, mitigation and adaptation, but
also the consequent and cumulative impact of both the business'
operations and its sustainable products on the world.
Rob Harris, CEO of Accsys, commented:
"Sustainability is not just a trend, it is a global imperative.
Accsys - our people, our technology, and the products we create -
has always had this at heart. We offer a more sustainable option
for developing the built environment, with products grown from
renewable sources that sequester carbon and lock it in to a useful,
recyclable and non-toxic building material.
"Our goal is to maximise the positive impact of what we do and
what we make, capitalise on opportunities for improvements, and
minimise any negative impacts or risks from the way we create those
products and operate as a business.
"We aim to grow our business in a sustainable way: sustainable
environmentally, and able to sustain long term success and growth
while staying true to our values and purpose. This report is an
initial output from our ESG review and strategy development work,
and marks the start of a new chapter in Accsys' growth and
evolution as a force for sustainable change in the real world."
The report includes performance metrics for the previous full
financial year, Accsys' approach to the sustainability and ESG
issues, case studies and details of specific actions, and plans for
the future development and implementation of our strategy.
ENDS
For further information, please contact:
Accsys, Investor Relations
Sarah Ogilvie ir@accsysplc.com
Accsys, Communications
Peter Bangham communications@accsysplc.com
========================================== ==============================
Numis Securities (London)
Oliver Hardy (NOMAD), Ben Stoop +44 (0) 20 7260 1000
========================================== ==============================
Investec Bank plc (London)
Carlton Nelson, James Rudd, Alex Wright +44 (0) 20 7597 5970
ABN Amro (Amsterdam)
Richard van Etten, Geertje Cornelissen +31 20 344 2000
========================================== ==============================
FTI Consulting (UK)
Matthew O'Keeffe, Alex Le May +44 (0) 20 3727 1340
========================================== ==============================
Off the Grid (The Netherlands)
Frank Neervoort, Yvonne Derske +31 681 734 236
========================================== ==============================
Notes to editors:
Accsys (Accsys Technologies PLC) is a fast-growing business with
a purpose: changing wood to change the world. The company combines
chemistry, technology and ingenuity to make high performance wood
products that are extremely durable and stable, opening new
opportunities for the built environment and giving the world a
choice to build sustainably.
Accsys transforms fast-growing, certified sustainable wood into
building materials with characteristics that match or better those
of man-made, intensely resource-depleting and heavily
carbon-polluting alternatives.
The company's primary focus is on the production of Accoya (R)
wood and Tricoya (R) wood elements, as well as technology licensing
via its subsidiaries Titan Wood Limited and Tricoya Technologies
Limited. Accsys has its head office in London, UK, production
operations in Arnhem, the Netherlands, an American office in
Dallas, Texas, and is constructing the world's first Tricoya (R)
plant in Hull, UK.
Accsys is committed to a more sustainable world, and uses
abundantly available wood sources that are certified as
sustainable. With our business model already aligned with several
UN Sustainable Development Goals, Accsys is currently working on
identifying further strategic ESG priorities to have an even
greater positive impact on the world.
Any references in this announcement to agreements with Accsys
shall mean agreements with either Accsys or its subsidiary entities
unless otherwise specified. Accsys Technologies PLC is listed on
the London Stock Exchange AIM market and on Euronext Amsterdam,
under the symbols 'AXS'.
More information about Accsys can be found at
www.accsysplc.com
Accoya (R) wood is a sustainable, durable and stable solid wood
product with exceptional performance, finish and sustainability.
Accsys' proprietary acetylation process makes the wood more
dimensionally stable and, because it is no longer easily
digestible, extremely durable. Produced from certified (e.g. FSC
(R) ) sustainable sources, Accoya (R) wood has many environmental
credentials and ecolabels, and is one of very few building
materials to be Cradle to Cradle Certified(TM) at the Gold level,
with a Platinum rating for Material Health, confirming that no
harmful or toxic additives or chemicals are present to leach out
into the environment.
With an up to 50 year warranty and 70+ year service life, the
combination of sustainability, dimensional stability, durability
and retained strength means that Accoya (R) wood offers a wealth of
new opportunities to architects, designers, specifiers,
manufacturers and homeowners. These benefits result in lower
maintenance and total cost of ownership while also offering
significant sustainability benefits. For more information about
Accoya (R) wood, visit www.accoya.com .
Tricoya (R) wood elements (www.tricoya.com) are produced using
Accsys' proprietary technology for the acetylation of wood chips
and particles for use in the fabrication of panel products such as
medium density fibreboard (MDF) and particle-board.
Panel products made with Tricoya (R) wood elements are truly
durable and stable enough for use outdoors and in wet environments.
Combining the sustainability, durability and stability from our
acetylation process with the ease of use and quality finish of wood
panel products, the enhanced durability and dimensional stability
opens new opportunities for the use of these products, making them
suitable in applications and environments that previously required
solid wood, synthetic or unsustainable materials.
Tricoya (R) wood elements have been lauded as the first major
innovation in the wood composites industry in more than 30 years.
For more information about Tricoya (R) wood elements, visit
www.tricoya.com.
In March 2017, Accsys announced the formation of the Tricoya (R)
Consortium to fund, build, own and operate the Tricoya (R) plant in
Hull, UK, through its subsidiary Tricoya Ventures UK Limited.
Members of the consortium include BP and the leading manufacturer
of sustainable wood-based panels, MEDITE Europe DAC. More
information is available at:
https://www.accsysplc.com/about-us/accsys-corporate-structure/
Wood acetylation is a process which increases the naturally
occurring acetyl content of wood, thereby changing its physical
properties. When carried out to a sufficient degree throughout the
wood, as with Accsys' proprietary process, it significantly reduces
the ability of the wood to absorb water without adding any toxic or
harmful compounds, elements or substances that were not already
present in the wood. This makes it much more dimensionally stable
and, because it is no longer easily digestible to most organisms,
extremely durable.
'Accsys' and 'Accsys Technologies' are trading names of Titan
Wood Limited ("TWL"), a wholly-owned subsidiary of Accsys
Technologies PLC. Accoya (R) , Tricoya (R) and the Trimarque Device
are registered trademarks owned by TWL, and may not be used or
reproduced without written permission from TWL, or in the case of
the Tricoya (R) registered trademark, from Tricoya Technologies
Limited, a subsidiary of TWL with exclusive rights to exploit the
Tricoya (R) brand.
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