Electro Optic Systems Holdings Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Energy efficiency management
- Safe disposal of chemical waste
- Waste management
- Water usage and conservation
Social Achievements
- Management of the wellbeing of the EOS workforce
- Employee Assistance Program
- Workplace health and safety
- Workplace benefits
- Revised and enacted a suite of employee-related policies, working practices and benefits aimed at attracting and retaining high-performing employees (including generous parental leave entitlements, professional learning opportunities, and a ‘nine-day fortnight’ work schedule).
Governance Achievements
- Board governance
- Board diversity
- Compliance with all relevant legislation
- Modern Slavery Statement
- Established a Data Security and Data Governance Committee
Climate Goals & Targets
Environmental Challenges
- Supply chain disruptions
- Cash receipts and liquidity
- Customer concentration
- Foreign exchange risks
- Human resources risks
- Cyber/Information Technology risks
- Geo-political change risks
- Operational continuity and supply chain risks
- Stakeholder dissatisfaction risks
- Product development risks
- ESG risks
- Regulatory and legal risks
- Climate change and climate-related risks
Mitigation Strategies
- Monitoring near-term cash forecasts and proactively pursuing cash collections and other cash management strategies
- Implementing plans to diversify the business with new customers
- Factoring reasonably possible foreign exchange movements into pricing
- Implementing remuneration strategies and other employee benefits and evaluating the expansion of our production capability in the United States and other places
- Employing expert personnel and third-party service providers to help mitigate these risks. These mitigations include monitoring threats and other processes and insurance.
- Monitoring global developments, including meeting with senior defence and political leaders in different countries
- Working to source and hold inventories of critical parts
- Appointing new leadership (new Chair of the Board of Directors, a new Chief Executive Officer and a new Chief Financial Officer)
- Monitoring market trends and developing new technology products
- Monitoring social risks and taking steps to monitoring evolving social expectations and ensure compliance with obligations in good time
- Monitoring changes in the regulatory and legal environment and seeking to take mitigating actions where appropriate
- Renewing its climate risk goals, strategy and detailed plans, including setting metrics and targets and preparing for climate-related reporting requirements.