Nauticus Robotics, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental Responsibility
- Social Impact
- Strong Governance
Environmental Achievements
- Developing efficient, eco-friendly alternatives to harmful methods of the past. Streamlining operations, protecting marine life and reducing the carbon cost of developing ocean resources.
- Aquanaut is an all-electric, autonomous robot that avoids harmful hydraulic fluids.
Social Achievements
- Building a diverse workforce (12% female, 30% ethnically diverse as of 12/31/2022).
- Implementing Human Capital Management (HCM) reporting and practices.
- Offering various employee benefits (medical, dental, vision, etc.).
- Maintaining well below industry average employee attrition.
- Community investment through fundraising, sponsorships, and charity drives.
Governance Achievements
- Establishing an ESG working group.
- Eight-person Board with a majority of independent directors.
- Adopting a Code of Conduct for all directors, officers, and employees.
- Implementing robust risk management programs.
- Data security standards and annual training for employees.
Climate Goals & Targets
Environmental Challenges
- Supply chain disruptions.
- Bearish interest rates and macroeconomic market conditions.
- Rough start since listing on Nasdaq.
Mitigation Strategies
- Resolved pressing supply chain issues and commencing commissioning exercises.
- Focusing on long-term value creation rather than short-term market fluctuations.
- Securing government contracts with positive cash flow profiles to offset outlays.
Supply Chain Management
Responsible Procurement
- Engaging with suppliers to measure and manage environmental impacts; proactive supplier onboarding; diligent auditing process to assess risks.
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products
Sustainable Products & Innovation
- Aquanaut (all-electric, autonomous robot)
- Hydronaut (optionally crewed transport vessel)
- ToolKITT (AI-powered robotics control software)