Pollard Banknote Limited
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Expanding our instant ticket productive capacity by staffing two additional shifts on our second press in our Ypsilanti Michigan facility and expect to have additional capacity available.
Environmental Challenges
- Supply chain issues including delayed shipments and access to direct material inputs.
- Increased challenges in staffing to meet demand.
- Significant inflationary price increases in key inputs for instant ticket production.
- Pressure on supply chains, limited ticket production capacity in the short term and significant inflationary price increases on a number of key inputs.
Mitigation Strategies
- Increasing capacity to produce greater volume.
- Internal cost reviews.
- Continued emphasis on improving average selling prices through focus on innovation and bidding higher prices during the contract renewal process.
- Expanding capacity on one of our instant ticket production lines by fully staffing the number of shifts available.
- Initiatives underway to help mitigate the financial impact of the inflationary price increases including increasing capacity and volume of instant tickets, internal cost reviews and continued focus on improving our average selling prices through focus on innovation and selling proprietary products at higher margins.
- Increasing our selling prices to offset inflationary costs increases within our charitable gaming product lines.