Is Pyrogenesis prepared for when it will need to publish its Scope 1, 2, and 3 emissions as well as more detailed climate risk disclosures? What are the Company’s plans to have industry-leading climate metrics and certifications?

The SEC in the U.S. is currently considering a proposed rule “to enhance and standardize climate-related disclosures,” including emissions. If the rule goes through, Pyrogenesis will eventually be affected (as the Company grows and as the rule is phased in).

Even if the SEC rule does not get enacted, PYR's customers will have a need for certified emissions reporting because of the way the emissions hot potato travels from vendor to client and on through the value & supply chains.

Take Rio Tinto, for example….

RIO is collaborating with Salzgitter, a German steelmaker, on green steel. Their collaboration includes:
(1) “studying optimisation of Rio Tinto’s high-quality Canadian and Australian iron ore products for use in Salzgitter’s SALCOS green steel project in Germany” as well as…
(2) exploring “the potential for greenhouse gas emission certification across the steel value chain.”

Assuming RIO is one of our iron ore pelletization Clients (A or B), they will want to know not only their own Scope 1 emissions reductions achieved by using Pyrogenesis plasma torches, but also their Scope 2 emissions in the form of the emissions baked into in the manufacture of the PYR torches.

This data would travel from PYR to RIO to Salzgitter to their customers, like Volkswagen ... and then to the consumer -- all while Canadian, U.S., and EU regulators peer over the various companies' shoulders and bankers and insurers and investors ask tough questions.

It seems obvious for a business that is focused on making sustainability sustainable to be heading toward providing industry-leading reporting given the stakeholders, the business opportunities, and possible new regulations involved. Is it?

(Hopefully, we invstors will be understanding when climate reporting costs show up as new expense line items.)

Thanks!

Sources:

SEC propose rule press release: https://www.sec.gov/news/press-release/2022-46

SEC proposed rule fact sheet: https://www.sec.gov/files/33-11042-fact-sheet.pdf

Rio Tinto press release on Salzgitter collaboration: https://www.riotinto.com/news/releases/2022/Rio-Tinto-and-Salzgitter-sign-MOU-to-study-using-Rio-Tinto-iron-ore-in-green-steelmaking#

Salzgitter press release on Rio Tinto collaboration: https://www.salzgitter-ag.com/en/newsroom/press-releases/details/translate-to-englisch-salzgitter-konzern-und-rio-tinto-unterzeichnen-absichtserklaerung-fuer-die-untersuchung-und-weiterentwicklung-der-prozess-und-lieferketten-19762.html

Volkswagen press release on Salzgitter green steel collaboration: https://www.volkswagenag.com/en/news/2022/03/volkswagen-group-and-salzgitter-ag-sign-memorandum-of-understand.html