Companies Act Compliance

Section 172 of the Companies Act 2006 requires directors to act in a way that they consider, in good faith, would be most likely to promote the success of Javelin Global Commodities Holdings LLP and its subsidiaries “the Group” for the benefit of stakeholders as a whole. In doing so, the directors must have regard (among other matters) to:

• The likely consequences of any decisions in the long term.
• The interest of the Group’s employees.
• The need to foster business relationships with producers, clients, and others.
• The impact of the Group’s operations on the community and the environment.
• The desirability of the Group maintaining a reputation for high standards of business conduct.
• The need to act fairly towards all stakeholders of the Group.

The directors determine the strategic objectives and policies of the Group to best support the delivery of long-term value, providing overall strategic direction within an appropriate framework of rewards, incentives, and controls. The following paragraphs summarises how the directors fulfil their duties:

Risk Management

As we grow our business, the Group are exposed to different and potentially more complex risks. It is therefore vital that we effectively identify, evaluate, manage, and mitigate risk and that we continue to evolve our approach to risk management. For details of our principal risks and uncertainties, and how we manage our risk, please refer to the Strategic Report and Note 9 of these financial statements.

Our People

The Group is committed to being a responsible business. Our behaviour is aligned with the expectation of our people, clients, producers, communities, and society as a whole. For our business to succeed we need to manage our people’s performance and development whilst ensuring we operate as efficiently as possible. We must also ensure we share common values that inform and guide our behaviour, so we achieve our goals in the right way. Our employees are fundamental to the delivery of our plan. We aim to be a responsible employer in our approach to the pay and benefits our employees receive and ensure our compensation structure is updated continuously to reflect changes in the market. The Group has initiated an employee share scheme to demonstrate the importance of our employees. The health, safety and well-being of our employees is one of the primary considerations determining the way our Group operates.

Business Relationships

Our success as a Group is driven, in large part, by our ability to develop and maintain strong client relationships. We value the long-term relationships we have with producers, consumers, and others in the commodity value chain. Our commitment to our clients is evident in the often-long term nature of our marketing, offtake, sales and financing arrangements.

Community and Environment

The Group’s approach is to create positive change for the people and communities with which we interact. We want to leverage our expertise and enable colleagues to support the communities around us. Serving the hardest to abate sectors the Group is uniquely positioned to play a central role in supplying transitional commodities and providing long term solutions to support our clients with their low carbon commodity needs.

The Group is addressing our impact on Community and the Environment through the developments of our Green business, where we are focusing on 3 key strategic pillars; (i) Green Carbon: low to negative carbon products from organic materials for the steel, land, agriculture, power and industrial sectors, ii) Renewable Projects: developing wind, solar and battery storage and (iii) Renewable Fuels: low to zero emission fuels from renewable sources for the transportation, steel and industrial sectors.

The Group is committed to becoming a global innovator and supplier of affordable, sustainable, and commercially viable low to zero and even carbon negative products to tackle some of industries hardest CO2 abatement challenges. Supporting our clients in the evaluation and execution of new strategies, technologies, and projects to deliver tangible products and solutions.

In 2023, the Group arranged the first ever bulk shipments of US-produced biomass pellets into Poland to support the energy transition of Poland's existing coal power fleet whilst preserving Polish jobs and underpinning renewable base load power.

The Group is determined to bring a new approach to renewable project development, a holistic and partnership approach which is particularly focused on supporting the positive transitioning of mine lands to accelerate its repurposing, mitigate the economic impacts to the local mining communities, supporting the environment and energy transition. Our partnership approach has identified over 4GW of Wind, Solar and Battery Energy Storage opportunities across the US. The Group has progressed the first handful of these projects to interconnection application for grid approval. Fundraising and offtake discussions are well progressed, facilitating the Group’s move to develop, own and operate these projects.

The world needs alternative fuels and as a market leader in moving bulk, the Group recognizes the challenges faced by our customers in not only identifying the new fuels but in delivering the new supply chains. Drawing upon the best available technologies, the Group continues to explore hydrogen, ammonia, methanol and synthesis fuels to bring zero to low carbon fuels to the power, steel, transport and industrial sectors.

Stakeholders

The Board is committed to openly engaging with our stakeholders, as we recognise the importance of continuing effective dialogue, whether with our employees, investors or other stakeholders. It is important to us that stakeholders understand our strategy and objectives, so these must be explained clearly, feedback heard, and any issues or questions raised properly considered.