SIMEC Atlantis Energy

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

The MeyGen Phase 1 array delivers 6 MW of genuinely zero-carbon, highly predictable tidal stream power, with 51 GWh of cumulative generation by March 2023 and a consented pathway to 398 MW; the core product is unambiguously climate-positive, but the installed base remains tiny (6 MW operational) relative to ambition and the 59 MW expansion is still years from delivery.

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

No evidence of SBTi-validated targets, CDP disclosure, or a published net-zero roadmap with quantified milestones could be found; the company's public statements reference a commitment to 'net zero' only at a high marketing level, with no independently verified science-based pathway.

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

The company operates a small, specialist renewable energy workforce with no documented labour controversies, but its operational ESG footprint is poorly disclosed; the legacy GFG Alliance majority ownership linkage, the failed Uskmouth coal conversion project, and the absence of a standalone sustainability report materially weaken its ESG profile.

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

Annual reports are publicly filed on AIM/London Stock Exchange, and production data (GWh generated) is periodically disclosed in RNS announcements, but there is no standalone sustainability or ESG report, no CDP submission identified, and no third-party verification of environmental claims beyond the government-regulated CfD framework.

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

Significant governance overhang from GFG Alliance (majority shareholder investigated by the UK Serious Fraud Office for suspected fraud, fraudulent trading, and money laundering), share price collapse in 2021, contested receivership of the major shareholding block, and the abandoned Uskmouth coal-to-waste conversion all represent material historical integrity risks, partly mitigated by the company's subsequent pivot away from GFG-linked projects and rebranding to Ampeak Energy.