Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 36

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 36
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: b. Describe the organization’s processes for managing climate-related risks.

Risk management is undertaken by the board of directors. The Board recognizes climate change as a financial risk and has delegated responsibility to the management team to monitor and report climate-related risks as well as lead the response across the organization. The management team will also track as to where any new climate-related risks may arise and report these risks to the Board.

Recommended disclosure: c. Describe how processes for identifying, assessing, and managing climate- related risks are integrated into the organization’s overall risk management.

The Board has assigned climate change as a Principal Risk because it is aware that Bitcoin mining is power intensive and has an environmental impact as a consequence. Climate change is integrated into the Company’s overall risk management programme, which seeks to minimise potential adverse effects on the Company’s financial performance.

In addition, due to the nature of the climate-related risks to our business and strategy, many elements are already captured within other Principal Risks, such as Electricity Supply and Price, and Technology and Supply risks. This approach enables us to capture a more holistic picture of the climate-related risks.

#### Metrics and Targets
Recommended disclosure: a. Disclose the metrics used by the organization to assess climate related risks and opportunities in line with its strategy and risk management process.

In addition to measuring and disclosing our absolute scope 1, 2 and 3 emissions, we internally track and monitor climate-related metrics and KPIs to further help us manage climate-related risks and opportunities:

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Electricity consumption (kWh)

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Renewable Energy consumption (kWh)

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Hashrate (EH)

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Mining Efficiency (EH/GW)

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Emissions intensity (kgCO2e/$1 revenue)

The Company has not yet set an internal or external carbon price as we have minimal exposure, nor have we incorporated climate-related metrics into the Company’s remuneration policy.

Recommended disclosure: b. Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions and the related risks

A full view of our greenhouse gas emissions data for the last three years is summarized below. The Group's emissions primarily result from the electricity used to power our ASIC mining machines in North America. Since 2020, we have focused on reducing our operational emissions by investing in energy efficiency measures and locating operations in regions with relatively lower-carbon electricity supply.

For the period 2022 to 2024:

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Scope 2 emissions ranged from approximately 150