ECORA RESOURCES PLC

Environmental & Social Information • Feb 19, 2021

National Storage Mechanism | Additional information

RNS Number : 6521P

Wentworth Resources PLC

19 February 2021

PRESS RELEASE                                                                                                                         19 February 2021

WENTWORTH RESOURCES PLC

("Wentworth" or the "Company")

Wentworth Resources Announces Membership of the United Nations Global Compact Network

Wentworth Resources plc (AIM: WEN), the independent, Tanzania-focused natural gas production company, is proud to announce its membership to the United Nations (UN) Global Compact, a voluntary initiative to promote the development, implementation and disclosure of responsible business practices.

Launched in 2000, the UN Global Compact is the world's largest corporate sustainability initiative, with more than 12,000 companies based in over 160 countries, and 70 local networks. The initiative calls upon companies to operate responsibly by aligning its strategies and operations with the UN's Ten Principles on human rights, labour, environment and anti-corruption, and to take strategic action to support the Sustainable Development Goals (SDGs).

As a leading domestic natural gas producer in Tanzania, Wentworth plays a critical role in ensuring low carbon, affordable and reliable energy access to the people of Tanzania. Energy access rates are currently at 37%[1] and with a 2030 universal energy access target set by the Government of Tanzania and aligned with the UN Sustainable Development Goals, Wentworth has an important role to play in scaling up access during the next decade.

Wentworth recognises the importance in adopting a responsible approach to its investment in Tanzania and is committed to working collaboratively with its partners in-country to maximise the impact from its operations to create shared value amongst all its stakeholders. 

Katherine Roe, CEO, commented:

"As a leading domestic natural producer that is contributing 50% of all the natural gas that powers the Tanzanian grid, working hand-in-hand with hydropower to ensure reliable and affordable access and displacing the need for HFO and diesel, we are playing a pivotal role in shaping Tanzania's sustainable future.

Joining the UN Global Compact underlines our existing commitment to deliver these outcomes responsibly and collaboratively with all of our stakeholders, from employees and communities to Government, to capture the most impact for local stakeholders and to support Tanzania's ongoing socio-economic growth.

Throughout the last year, a priority for our business has been to bolster our ESG performance and disclosure. Joining the UN Global Compact is an important milestone in this journey to ensure we uphold international best practice in our values and behaviour and we look forward to working collaboratively with other network members to accelerate responsible business action to create a more sustainable world."

Steve Kenzie, Executive Director, UN Global Compact Network UK, added:

"The core of the United Nations Global Compact's mission is to support companies doing business responsibly by aligning their strategies and operations with ten universal principles on human rights, labour, environment, and anti-corruption. We also support businesses taking action to advance the Sustainable Development Goals. We are delighted and encouraged by Wentworth Resources' endorsement of our initiative."

For more information, visit Wentworth's profile on the UN Global Compact website.

-  Ends -

Enquiries:  Wentworth	Katherine Roe, Chief Executive Officer	katherine.roe@wentplc.com +44 (0) 7841 087 230
FTI	Communications Adviser  Sara Powell                                Ben Brewerton	+44 (0) 20 3727 1000

About Wentworth Resources

Wentworth Resources plc (AIM-listed: WEN) is a leading, domestic natural gas producer in Tanzania with a core producing asset at Mnazi Bay in the onshore Rovuma Basin in Southern Tanzania.

The power demand base in-country is growing and with an ambitious universal energy access target set by the Government for 2030, Wentworth has a vital role to play in increasing access by ensuring a reliable, affordable and growing supply of natural gas into the local market.

In 2019, Wentworth launched its sustainable dividend policy and remains committed to responsible growth that maintains returns for shareholders.

---

[1] IEA Tanzania Energy Outlook, 2019

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRABIGDDGXBDGBI