1. To minimise the impact and maximise the benefits that our work has on the environment and people around us.

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   To consider corporate responsibility in all of our business decisions.

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   To comply with, and exceed where practicable, all applicable legislation, regulations, and codes of practice.

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   To commit to annual practical but meaningful targets for improvement in our corporate responsibility performance.

1. Raise awareness of the environmental impact of the Group’s activities across the business and encourage employees to bring ideas for improvements.

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   Foster a collaborative, inspiring working environment which allows employees to develop their careers.

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   Support charitable causes connected with the business through donation of a proportion of profits.

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   Continually review the Group’s governance framework to improve organisational oversight.

In developing our corporate responsibility framework, we aim to deliver gradual but continuous improvements in our performance every year. As a result, our approach continues to evolve as we learn lessons along the way.

Quixant has chosen to adopt the Quoted Companies Alliance (QCA) Corporate Governance Code (“Code”).

The board at least annually or more frequently as required assesses our performance against each of these principles and identifies areas for improvement. This assessment is led by the Non-Executive Chairman, supported by the Company Secretary. Details of our compliance against the principles of the Code are disclosed in the statement of compliance which is updated annually.

The Board has delegated certain responsibilities to sub-committees and the executive committee.

The Board has established an audit committee which is responsible for ensuring that the financial performance of the Company is properly reported and monitored, including reviews of the annual and interim accounts, results announcements, internal control systems and procedures, and accounting policies. Guy van Zwanenberg (chairman) and Francis Small are the current members of the audit committee. Under the terms of reference, the audit committee comprises a minimum of two independent non-executive directors and meets at least twice per year.  The Company Secretary is the secretary of the audit committee.

The Board has established a remuneration committee which is responsible for setting the remuneration policy for the executives of the Company. Francis Small (chairman) and Guy van Zwanenberg are the current members of the remuneration committee. The terms of reference require the remuneration committee to comprise of at least two independent non-executive directors who meet at least twice per year. The Company Secretary is the secretary of the remuneration committee.

The executive committee meetings are attended on a quarterly basis by a Board member by means of oversight.

The Board, sub-committee, and executive committee structure and operation are described below.

The Board attempts to link environmental performance with financial performance to understand the short-term and long-term financial implications for decisions made. While in the short-term, improvements in environmental performance may increase the cost of sales, over the longer term a strong sustainability culture is expected to be value creative.

We engage with our customers and suppliers to explore ways to reduce the environmental impact of our products.

Each year the Board sets targets for improvement in our environmental performance. Progress against these targets is reported in our Annual Report and Accounts.