Globalstar, Inc.
Climate Impact & Sustainability Data (2020, 2021)
Reporting Period: 2020
Environmental Metrics
Social Achievements
- Commitment to diversity and inclusion, highly rated in employee survey.
Climate Goals & Targets
Environmental Challenges
- Reduction in Commercial IoT hardware sales due to the COVID-19 pandemic and oil and gas industry downturn.
- Increased subscriber churn in SPOT due to economic uncertainties early in the year.
- Concentration risk in Commercial IoT revenue stream.
Mitigation Strategies
- Diversification into new verticals to reduce concentration risk.
- Innovation in Commercial IoT use cases.
- Adjusted business model to better compete in the evolving marketplace.
- Refocusing internal resources on high-value opportunities.
- Working with product manufacturers to ensure sufficient inventory.
- Supporting customers with pricing adjustments.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021
Environmental Metrics
Social Achievements
- Continued focus on employee health and safety during the COVID-19 pandemic, including encouraging remote work arrangements and accommodating flexible work schedules.
Climate Goals & Targets
Environmental Challenges
- Supply chain disruptions due to the global chip shortage and the COVID-19 pandemic.
- Shift in market demand from Duplex voice and data services to IoT-enabled devices.
Mitigation Strategies
- Mitigated some of the impact of chip shortages, but uncertainties remain.
- Temporarily ceased sales of certain Duplex devices (e.g., Sat-Fi2®) to focus on IoT devices and services.
- Appointed an industry veteran as VP of Commercial IoT to augment the sales team.