CUENTAS, INC.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Social Achievements
- Launched Lakewood Village, an affordable multi-family real estate development using sustainable and hurricane-proof construction technology.
Climate Goals & Targets
Environmental Challenges
- Limited operating history and unproven long-term viability of business strategy.
- Insufficient capital to fully realize operating plan.
- Competition from larger, well-capitalized competitors.
- Dependence on key personnel.
- Evolving legal and regulatory environment.
- Risk of fraudulent activity.
- Potential delisting from Nasdaq.
- Highly volatile stock price.
Mitigation Strategies
- Seeking additional financing through stock sales and private placements.
- Implementing cost-reduction measures.
- Focusing on effective marketing programs.
- Establishing an Executive Search Committee to find qualified candidates.
- Closely monitoring regulatory changes.
- Relying on third-party services for transaction processing and security.
- Completing a reverse stock split to regain compliance with Nasdaq listing requirements.
- Diversifying into real estate development.
Supply Chain Management
Responsible Procurement
- 10-year supply agreement with Renco USA for sustainable building materials.
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Lakewood Village affordable housing project using sustainable and hurricane-proof construction.