Our ESG Commitments
ESG is at heart of ESGgen
We put ESG at the centre of our decision-making to unlock value in our employees’ lives and in our business. Our commitments will evolve (like ESG itself) and are in line with current science-based, best practice benchmarks (August 2021).
Environmental commitments
ESGgen will have net zero C02e emissions by 2030
We will reduce the business’s per capita water consumption by 25% by 2030
Social commitments
Executives and Employees Remuneration
- Is visible to all.
- Determined solely on skill and experience not based on gender, belief, ethnicity or sexual orientation.
- Will start at 2x the London living wage (entry level).
Executives Remuneration Cap
Executives (or the highest paid employee) agree to cap remuneration at 7x the company mean. For comparison in 2018, Elon Musk was paid 40,688x the median Tesla employee. Also in 2018 the average CEO pay gap in the US was 254x the median employee. In 2019, UK FTSE CEOs were paid 119x the median employee.
Flexible Workforce
Support a fully flexible workforce to work from the office or at home – anywhere in the world. So that we can hire the best talent regardless of geography
4-day Working Week
ESGgen will operate on a 4-day work week (Monday-Thursday) to ensure a better work-life balance. Each employee will also get 25 holiday days plus statutory holiday.
Governance commitments
Employee Shares
Every employee will receive a share of the company via an Enterprise Management Incentive (EMI) option scheme
No Zero Hours
Diverse Board
Independent Directors
Two Directors are required for any Board meeting to be valid. Advisory Board to meet twice a year to provide external perspective and guidance