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Governance

The Company is committed to the highest standards of corporate governance and believes that such standards are essential to business integrity and performance. This Corporate Governance Report sets out the policies and practices of the Company that have been applied during the year. The Board confirms that during the year the Company complied with the principles and provisions set out in Section 1 of the 2008 Combined Code on Corporate Governance (the Combined Code). In addition to complying with applicable corporate governance requirements in the UK and Russia.

Zero Carbon General Business Principles
The Zero Carbon General Business Principles define how Zero Carbon companies are expected to conduct their affairs. These principles include, among other things, Zero Carbon’s commitment to support fundamental human rights in line with the legitimate role of business and to contribute to sustainable development. They can be found at www.Zero-Carbon-Technology.com.

Zero Carbon Code Of Conduct
Directors and employees are required to comply with the Zero Carbon Code of Conduct, which is intended to help them put Zero Carbon’s business principles into practice through the basic rules and standards they are expected to follow and the behaviour expected of them. The Zero Carbon Code of Conduct is available online at www.Zero-Carbon-Technology.com.

Code Of Ethics
Directors, Officers, Executives and managers in Zero Carbon must also comply with a Code of Ethics. The Code of Ethics is specifically intended to meet the requirements of Section 406 of the Sarbanes-Oxley Act. The Code of Ethics can be found at www.Zero-Carbon-Technology.com.