Climate Change Data

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability
• Fair Trade
• Local Production

Environmental Achievements

• 26% of wood used is reclaimed (1H 2022 data)
• Wood certified FSC and PEFC (renewed Oct-22)

Social Achievements

• First Spanish furniture brand in Europe with the B-Corp seal (renewed Sep-22)
• Works with local artisans with fair trade agreements

Governance Achievements

• Listed on BME Growth since June 29, 2022

Climate Goals & Targets

Environmental Challenges

• Decreased gross margin due to more competitive pricing for new products, increased returns, and reduced shipping costs charged to the customer.
• Increased logistics and distribution costs due to international expansion and returns.
• Increased structure costs due to investments in product development, operations, branding, and technology.

Mitigation Strategies

• Optimizing pricing strategy by market, including discounts, price differentiation by geography, and increased logistics fees.
• Reducing production costs by reducing the use of accessories and diversifying the workshop network.
• Optimizing logistics by reducing incidents through quality and packaging improvements and analyzing shipping large disassembled products.
• Adapting the direct marketing strategy and optimizing the personnel structure and non-direct marketing expenses.

Supply Chain Management

Responsible Procurement

• Uses certified wood (FSC and PEFC)
• Works with local artisans with fair trade agreements

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: B-Corp

Certifications: FSC, PEFC

Awards & Recognition

• B-Corp

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Renewed B Corp certification in September 2023.
• Continued payment of Ecotasa in France and Germany for recycling.
• Regularized carbon footprint calculation, showing significant emission reduction compared to 2022/2021.

Social Achievements

• Not disclosed

Governance Achievements

• Established an audit committee in May 2022.

Climate Goals & Targets

Environmental Challenges

• Increased delivery times in Q4 2023, leading to lower net sales than projected.
• Negative EBITDA adjusted in 2023 due to lower net sales and marketing margin.
• Negative equity at the end of 2023.

Mitigation Strategies

• Outlet campaign in Q4 2023 to reduce inventory and generate cash.
• Signed investment agreement with Inveready Convertible Finance II, FCR for convertible bonds (€1.1m) in October 2023.
• Completed a capital increase of approximately €2.3 million in April 2024.
• Implementing cost optimization plan to improve profitability.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sourcing from European producers with fair trade agreements.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: B Corp, PEFC, FSC

Third-party Assurance: KPMG Auditores, S.L.

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Furniture made with ecological, reusable, and sustainable materials.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Environmental protection
• Social responsibility
• Fair trade

Environmental Achievements

• Renewed PEFC and FSC certifications
• Significant emission reduction compared to 2022/2021 (specific figures not provided)
• Use of ecological, reusable, and sustainable materials and packaging

Social Achievements

• Implementation of sexual harassment protocol
• Development and approval of Equality Plan
• Creation of Equality Negotiation Commission
• Employee distribution: 46% male, 54% female

Governance Achievements

• Implementation of SII (tax declaration system)

Climate Goals & Targets

Environmental Challenges

• Negative operating results due to rapid growth strategy
• Negative accumulated results from previous years
• Need for additional resources to support growth

Mitigation Strategies

• Improving business strategies to adapt to new consumption patterns and enhance profitability
• Adjusting cost structure and margins
• Implementing a plan to optimize operating costs
• Seeking additional financing from investors or third parties
• Securing additional funding through convertible bonds (€1.1 million)

Supply Chain Management

Responsible Procurement

• Use of sustainable materials

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: B Corp

Certifications: PEFC, FSC

Third-party Assurance: KPMG Auditores, S.L. (Limited Review)