Climate Change Data

Environmental Metrics

ESG Focus Areas

• Carbon Reduction
• Environmental Protection

Environmental Achievements

• Developed a zero-pollution, zero-emission electric outboard motor (E-Motion™) reducing harmful emissions from boats.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted cross-border travel and boat shows, hindering sea trials.

Mitigation Strategies

• Actively conducting sea trials with OEMs worldwide; leveraging the recovery of boat shows.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• E-Motion™ electric outboard motor

Awards & Recognition

• Not disclosed

Environmental Metrics

Environmental Achievements

• Launched the Phantom, a rotomolded, recyclable boat, reducing production costs by 70% compared to fiberglass alternatives.

Climate Goals & Targets

Environmental Challenges

• Limited operating history and lack of profitability.
• Uncertainty regarding OEM adoption of electric powertrains.
• Dependence on a limited number of suppliers for key components.
• Integration challenges with acquired subsidiary (EBR).
• Volatility in the market for electric powerboats.
• Dependence on consumer preference for outboard motors.
• Seasonal fluctuations in demand.
• Competition for dealers.
• Dependence on key personnel.
• Compliance with environmental, health, and safety laws.
• Reliance on third-party manufacturers for powertrain production.
• Lack of warranties and service for boats and powertrains.
• Potential for product liability claims.
• Limited intellectual property protection.
• Vulnerability to supply chain disruptions and raw material price fluctuations (especially lithium-ion cells).
• Risks associated with open-source software.
• Dependence on governmental grants and tax credits.
• Challenges in managing future growth.
• Potential for labor and union activities.
• Competition for leisure time.
• Exposure to currency exchange rate fluctuations.
• Material weakness in internal controls over financial reporting.
• Substantial doubt about the company's ability to continue as a going concern.

Mitigation Strategies

• Securing financing through private placements and preferred share issuances.
• Developing a new rotomolded boat (Phantom) to reduce production costs.
• Establishing partnerships with distributors (e.g., Nautical Ventures Marine Group).
• Sale of EB Rental, Ltd. to focus on core business.
• Pursuing cost-saving initiatives.
• Filing patent applications for E-Motion™ powertrain technology.
• Working on remediating material weakness in internal controls.
• Actively pursuing actions to increase liquidity.

Supply Chain Management

Responsible Procurement

• Purchase orders and informal arrangements with suppliers for key components (hulls, motors, powertrains, battery packs, casings).

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions affecting sales and rental operations.

Transition Risks

• Developments in alternative technologies or improvements in internal combustion engines.

Opportunities

• Growing demand for electric powerboats due to environmental concerns and regulations.

Sustainable Products & Innovation

• Phantom boat (rotomolded, recyclable)
• E-Motion™ electric powertrain system