Save the World Air, Inc.
Climate Impact & Sustainability Data (2005)
Reporting Period: 2005
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- ZEFS and CAT-MATE devices generate significant reductions in hydrocarbon, oxides of nitrogen and carbon monoxide emissions; ZEFS devices also improve gas consumption and mileage performance. Testing showed reductions surpassing EURO 2 and EURO 3 standards in various emissions tests.
Social Achievements
- Initiated marketing efforts to international governmental entities in cooperation with the United Nations Environmental Programme (UNEP) and various original equipment manufacturers (OEMs), to eventually sell or license the ZEFS and CAT-MATE products and technology. Two pilot programs announced to minimize emissions by installing devices on 10,000 student motorcycles in Indonesia.
Governance Achievements
- Adopted codes of business conduct and ethics for directors, officers, and employees.
Climate Goals & Targets
Environmental Challenges
- The company has not yet generated any revenue from operations and has incurred net losses every year since its inception. Requires additional capital to meet operating needs and repay short-term debt.
- Commercial viability of ZEFS and CAT-MATE devices remains largely unproven.
- Intense competition in the automotive and motor engine industry.
- Potential for costly intellectual property disputes.
- Disclosure controls and procedures were not adequate to ensure timely reporting of information.
Mitigation Strategies
- Intends to raise additional capital through a private offering of common stock.
- Entered into distribution agreements for the sale of ZEFS devices.
- Developing and testing ZEFS and CAT-MATE devices for use on gasoline and diesel engines.
- Developing a plan to improve disclosure controls and procedures, including hiring a Controller.
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- Development and marketing of emission reduction technologies.
Sustainable Products & Innovation
- ZEFS and CAT-MATE devices