While Ceres’ technology will lead to huge carbon abatement and carbon savings, we seek to understand our own direct and indirect emissions relative to our global positive impact.
The impact of our operations is small compared to the potential impact of our technology, we continually innovate and release new versions of our technology, thus mitigating the impact of our technology at scale while managing our operational emissions.
Global impact does not absolve us of responsibility for our own emissions and impact; therefore, Ceres is working towards building and executing on a transition plan to become a net zero company. The emissions impact of our operations is small when compared to the abated impact our technology can have. However, our emissions are still important because we are committed to being consistent with our values. Therefore, Ceres has committed to near-term emissions reduction targets validated by the Science Based Targets initiative (“SBTi”). We have committed to reducing absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year, and have also committed to reduce Scope 3 GHG emissions by 53% per million GBP gross profit by 2030 from a 2022 base year.
Our emissions
Our R&D centre is in Horsham, UK, along with our commercial, administrative and finance functions. We also operate a 3MW manufacturing facility in Redhill, UK, which provides demonstration and test products and to develop manufacturing automation techniques for our stacks.
Ceres reports against SECR requirements, but goes beyond to develop a more detailed understanding of our Scope 3 emissions. Our emissions management system Sweep enables real-time tracking, supports our carbon reduction commitments, and ensures consistency in future analyses. Designed to comply with the SBTi framework, Sweep enables Ceres to identify our emissions hotspots and monitor our progress against our goals.
In 2025, we achieved a 30% reduction in total emissions compared with 2024, primarily due to lower investment in energy-intensive goods. In line with our Energy Savings Opportunity Scheme ("ESOS") commitments and net zero strategy, our Scope 1 and 2 emissions have decreased by 7% and 13% respectively. This reflected several energy efficiency measures introduced during the year, including the electrification of the Company vehicle, improved energy monitoring to identify inefficiencies, awareness campaigns and equipment shutdown policies. We will continue to strengthen our energy efficiency and carbon reduction efforts in line with our commitments.
We maintained zero Scope 2 emissions by sourcing 100% certified renewable electricity across our operations.
Scope 3 emissions decreased by 25% in 2025 in comparison to 2024, primarily reflecting lower investment in energy-intensive goods. This means we continue to maintain an absolute reduction in value chain emissions against our 2022 baseline and remain on track to meet our Scope 3 intensity reduction target. At the same time, we recognise the limitations of spend-based emissions analysis in driving meaningful change across our value chain. A key next step in our net zero implementation plan is transitioning to an activity-based accounting approach for our procured goods. This will enhance the accuracy of our reporting, support supplier engagement, and enable more impactful emissions reductions throughout our supply chain.
As a growth company, Ceres continues in invest in manufacturing and testing capacity. However, we remain committed to reducing our operational footprint in line with our near-term carbon reduction target. Our technology can address climate and air-quality challenges across industry, data centres and daily living. While scaling brings an environmental cost, any increase in our footprint will be far outweighed by the wider decarbonisation benefits our technology can deliver globally.
| 2023 | 2024 | 2025 |
|---|---|---|---|
Environmental | 12 months to 31 December | 12 months to 31 December | 12 months to 31 December |
Carbon emissions (tonnes CO2e) | 14,846 | 10,360 | 7,270 |
Emissions intensity (tonnes CO2e)/£ REV per £100,000 | 67 | 201 | 22 |
Energy consumption (MWh) | 9,411.0 | 9,405.0 | 9,353.0 |
Water use (m2) | 5,330 | 3,704 | 4.080 |
Percentage of electricity from renewable sources | 100% | 100% | 100% |
Reduction in emissions intensity due to an absolute reduction in total emissions by 30% in addition to an increase in revenue for 2024. Due to the nature of our business model, annual intensity figures may fluctuate due to these variations on an annual basis.
Influencing our global supply chain
Given that 97% of Ceres’ emissions are from our Scope 3 emissions, engagement with our supply chain is imperative to becoming a net zero company. Ceres is a signatory of the UN Global Compact and aligns with its ten principles, which include a “precautionary approach to environmental challenges, initiatives to promote environmental responsibility, and the development and diffusion of eco-friendly technologies”. Through our policies and procedures, we set clear expectations and standards for our suppliers.
One of the value propositions for partners licensing Ceres’ technology is the support to scale manufacturing quickly. We work closely with our manufacturing partners to develop localised supply chains that can support mass production. By applying our supply chain management improvements and learnings across our network, we enhance positive sustainable production on a larger scale.
