Our commitment
From the way we source our materials to the technology that provides our data-driven processes, we are a responsible organisation committed to operating in an ethical, sustainable way.
Velocity’s customers have been able to benefit by reducing material waste by up to 20 per cent, while also creating operational, stock and process efficiencies in a way which enables them to be more sustainable themselves.
These savings not only help companies to become more efficient and competitive but can help mitigate the impact of rising material costs while closing the gap on achieving the very real environmental targets for the aerospace sector. The Government has set a legally binding target for the UK to reach net zero by 2050 and has published a Jet Zero Strategy setting out what will be needed to ensure that aviation plays its part in meeting this target.
Environmental, Social and Corporate Governance
All members of the Board believe strongly in the value and importance of Environmental, Social and Corporate Governance and in our accountability to all of Velocity’s stakeholders, including investors, staff, customers and suppliers.
Velocity Composites plc has developed an ESG process to enhance its risk management and ensure regulatory compliance. We believe that our focus on ESG will benefit investors and customers who prioritise sustainability and ethical practices, strengthening our market position and brand reputation. Our ESG initiatives drive operational efficiencies and innovation, leading to long-term profitability and resilience.
The Board has adopted the Quoted Companies Alliance (QCA) Corporate Governance Code. The Board believes that the QCA Code is most appropriate for the size, risks, complexity and operations of the Company and is reflective of the Group’s values. Details of the Group’s compliance with the 10 principles of the Code are set out in our Governance policy.
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