Sustainable Projects Group Inc.
Climate Impact & Sustainability Data (2017, 2018-11-16, 2022-09-30)
Reporting Period: 2017
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Internal controls over financial reports were not effective.
Mitigation Strategies
- Internal control weaknesses were discussed by its Board of Directors with MNP, and MNP has been authorized to respond fully to the inquiries of SPGX’s successor accountants with respect to such weaknesses.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2018-11-16
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-09-30
Environmental Metrics
ESG Focus Areas
- Sustainability
Climate Goals & Targets
Environmental Challenges
- Limited operations and sustained operating losses resulting in a deficit.
- Covid-19 significantly impacted development of legacy projects, sourcing of new participations and partnerships, access to funding, sourcing of materials and machinery, and staffing.
- Price erosion in the massage chair segment and sales of massage systems not meeting expectations for Hero Wellness Systems Inc.
Mitigation Strategies
- Stringent cost cutting and operations optimization plan.
- Decision to exit the JV for Hero Wellness Systems Inc.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Soy-yer Dough (gluten-free modeling clay)