ALEXIUM INTERNATIONAL GROUP LIMITED
Climate Impact & Sustainability Data (2020, 2022)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Sustainability
- Consumer Health
- Environmental Responsibility
Environmental Achievements
- Developed Alexiflam® NF, a flame-retardant technology that uses sustainable cotton, eliminating the need for fiberglass in foam mattresses.
Social Achievements
- Eliminated health risks associated with airborne fiberglass shards from mattresses.
- Improved consumer safety by creating a durable, water-resistant flame-retardant barrier.
Governance Achievements
- UL testing demonstrated that Alexiflam® NF meets stringent flammability requirements (16 CFR 1633).
Climate Goals & Targets
Environmental Challenges
- Existing flame-retardant materials use non-sustainable synthetic fabrics and non-renewable materials (rayon, modacrylic, fiberglass), posing health and environmental risks.
- Traditional cotton treatments are water-soluble, losing flame-retardant properties when wet.
Mitigation Strategies
- Developed Alexiflam® NF, a durable, water-resistant flame-retardant treatment for cotton that maintains its effectiveness even after liquid spills.
Supply Chain Management
Responsible Procurement
- Uses widely available and lower-priced commodity cotton
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Alexiflam® NF
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental sustainability
- Social responsibility
- Corporate governance
Environmental Achievements
- Focus on environmentally friendly products with positive impact on customers' environmental standing.
- Selection of manufacturing partners based on adherence to environmental standards and compliance with ISO 9001.
Social Achievements
- No disruptions to operations due to employee-related COVID-19 issues.
- No issues filling vacancies throughout the year due to low US unemployment.
Governance Achievements
- Commitment to implementing a transparent, data-driven ESG program.
- Board recognizes the importance of formally integrating ESG principles into daily operations.
Climate Goals & Targets
Long-term Goals:
- Ensuring a financially strong and stable business.
Medium-term Goals:
- Significant revenue growth with sustained positive EBITDA.
Short-term Goals:
- Continued commercialisation of BioCool™ product line.
- Work with US Army to qualify FR NyCo technology for military uniforms.
- Continued commercialisation of Eclipsys™ product line.
- Generating first revenues from Alexiflam® FR Sock.
Environmental Challenges
- Maintaining strong intellectual property position.
- Competition in key markets.
- Sufficient capital for achieving profitability.
- Commercial risks due to market dynamics.
- Rising interest rates.
- Inflation.
- COVID-19 impact.
- Ukraine/Russia conflict (indirect impact).
Mitigation Strategies
- Focus on patent protection and market analysis.
- Effective pricing strategies, product innovation, and identification of market gaps.
- Monitoring and managing resources, revenue forecasts, commercial pipeline, and funding options.
- Diversification of product portfolio, customer-driven innovation, and expansion of customer base.
- Close monitoring of receivables and cash flow models.
- Resilience in top-of-bed segment of bedding market.
- Strengthening supply chain resiliency and protecting employee and stakeholder interests.
- No direct impact expected from the Ukraine/Russia conflict.
Supply Chain Management
Responsible Procurement
- Manufacturing partners selected based on adherence to environmental standards.
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- BioCool™
- Eclipsys™
- Alexiflam®