Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 31

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 31
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         64 |                 |

#### Governance
Recommended disclosure: a. Describe the Board’s oversight of climate-related risks and opportunities

The board of directors monitors the Company’s overall sustainability performance against its stated ambition and targets. It therefore has oversight responsibility for Argo’s climate strategy and performance, whereas the CEO has ultimate responsibility for setting Argo’s ESG strategy and performance objectives as well as oversight of its implementation and execution.

The Board is informed about the Company’s climate-related progress through Board meetings and annual reports from the ESG Committee. It is the CEO who reports to the Board on ESG and climate-related issues on an annual basis or as required.

The Board uses climate-related issues to guide them when:

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Finalising annual budgets (purchase of Renewable Electricity Credits (RECs), Verifiable Emissions Reductions (VERs) as well as the costs associated with efficiency gains, data collection and calculation).

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Monitoring Implementation and Performance (with regards to the metrics outlined on page 48)

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Overseeing major capital expenditures (ensuring our facilities are located on low carbon emission grids and built to be as efficient as possible)

Recommended disclosure: b. Describe management’s role in assessing and managing climate-related risks and opportunities

The CEO is responsible for achieving Argo’s strategy and ESG objectives, whereas day-to-day responsibility for such tasks is delegated to the ESG Committee, which is a working group of employees and not a board- level committee. The ESG Committee is chaired by the CEO and includes the Chief Strategy Officer and the VP of Mining. The ESG Committee has climate-related expertise and is supported by external climate experts on a regular basis providing the Company with both data proficiency and strategic advisory. The committee is responsible for the management and implementation of ESG initiatives and directives. To do this, the committee meets annually to (i) assess climate-related issues, (ii) develop and discuss the status of ongoing climate-related initiatives and (iii) monitor and track progress against certain KPIs.

One of the major challenges that the Bitcoin mining industry faces is its reputation regarding energy consumption and GHG emissions. Hence, over the past year the ESG Committee has taken a stakeholder focus and created initiatives focused on supporting, and in some cases educating, certain stakeholder groups to ensure that the Company’s climate change strategy is in line with their expectations. We identify key stakeholders according to Argo’s impact on their interests as well as their ability to influence our strategy and objectives.

#### Strategy
Recommended disclosure: a. Describe the