Climate Change Data

Eevia Health Plc

Climate Impact & Sustainability Data (2024-04-01 to 2024-06-30, 2024-07 to 2024-09)

Reporting Period: 2024-04-01 to 2024-06-30

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Sustainability
  • Circular Economy
  • Upcycling
  • Reducing Emissions
  • Reducing Energy Use

Environmental Achievements

  • Manufacturing natural ingredients near raw material harvest areas, offering a short value chain with an environmentally friendly carbon footprint.
  • Accepted as a partner in Valio’s Food 2.0 Veturi Program, focusing on sustainability, upcycling, and circular use of resources.

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Bring operational cash flow (EBITDA) back to positive territory.

Environmental Challenges

  • Slow sales traction.
  • Difficulty accurately predicting customer order placement.
  • Market conditions impacting rights issue valuation.
Mitigation Strategies
  • Strengthening sales force and customer management capabilities.
  • Improving communication and value proposition with a customer-centric approach.
  • Conducting clinical studies to improve scientific documentation of health effects.
  • Applying for non-dilutive research funding and a green loan to reduce emissions and improve resource efficiency.
  • Cost cutting measures to improve operational cash flow.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sourcing wild-harvested raw materials in a sustainable fashion.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: 100% organically certified plant extracts

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2024-07 to 2024-09

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Sustainability
  • Environmental footprint

Environmental Achievements

  • Manufacturing natural ingredients near the raw material harvest areas, offering a short value chain with an environmentally friendly carbon footprint.

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Revenue of EUR 5 million and EUR 1 million EBITDA by 2026
  • Sustainable growth with clinical studies to validate the impact of polyphenols on gut health.
Medium-term Goals:
  • Revenue goal of EUR 3 million and positive EBITDA of EUR 100,000 by 2025
Short-term Goals:
  • Reduce inventory to improve liquidity and streamline operations.

Environmental Challenges

  • Shortage of foreign labor in Sweden and Finland disrupted the wild berry harvest, driving up berry prices and negatively impacting the cost structure.
  • Need for investment in evaporation capacity to remain competitive in berry extracts.
  • Outbound sales strategy not yielding required conversion rates.
  • Contamination issues in late 2023.
  • Rights issue announcement led to a sharp drop in market capitalization.
  • Subscriptions in the rights issue fell 40% short of target.
  • Miscalculation of the company’s funding needs did not alleviate liquidity distress.
Mitigation Strategies
  • Developed a comprehensive turnaround plan with a new strategic business plan focusing on high-margin products, protecting IP and proprietary technologies, and enhancing stakeholder communication.
  • Shifting focus from raw materials to human health, with an emphasis on gut health.
  • Adopting a content-driven, inbound sales model and narrowing commercial scope to high-potential markets.
  • Reducing inventory to improve liquidity and streamlining operations.
  • Securing funding through non-dilutive sources, debt restructuring, and new investments.

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: 100% organically certified plant extracts

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Liquid berry sugars

Awards & Recognition

  • Not disclosed