Eat Beyond Global Holdings Inc.
Climate Impact & Sustainability Data (2019-09 to 2020-08)
Reporting Period: 2019-09 to 2020-08
Environmental Metrics
ESG Focus Areas
- Plant-based protein
- Animal welfare
- Climate change
- Health
- Global resource usage
Climate Goals & Targets
Short-term Goals:
- Grow current investment portfolio by adding accretive investments with growth potential
Environmental Challenges
- COVID-19 pandemic impact on investee companies and the economy
- Competition from large established plant-based protein brands
- Risks associated with evaluating investment opportunities
- Illiquidity and difficulty in valuing investments
- Limited number of investments and lack of diversification
- Financial market fluctuations
- Risks associated with holding control or significant influence over investments
- Material non-public information limiting investment actions
- Risks associated with minority positions in investee companies
- Need for follow-on investments
- Risks associated with bridge financings
- Unreliable or unavailable information on private businesses
- Reliance on key personnel in investee companies
- Dependence on intellectual property rights
- Government regulation of the food industry
- Price of raw materials
- Consumer trends
- Supply chain management
- Climate change
- Food safety and consumer health
- Brand value
- Internet search algorithms
- Litigation risk
Mitigation Strategies
- Establishing 'work from home' measures where possible
- Diversifying investment portfolio
- Disciplined investment process to maximize returns and minimize risk
- Seeking investments that provide liquidity
- Monitoring the performance of each investment and maintaining an ongoing dialogue with each business’s management team
- Managing investments to minimize exposure to risks
- Strict and rigorous controls and processes in manufacturing and distribution systems
- Implementing product price increases to cover increased costs
- Anticipating changes in consumer preferences
- Developing and testing product prototypes
- Introducing and marketing new products
- Acquiring new customers and retaining existing customers
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: Davidson & Company LLP