PowerBand Solutions Inc.
Climate Impact & Sustainability Data (2020, 2021)
Reporting Period: 2020
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The Company incurred a loss during the year ended December 31, 2020 and as of that date, the Company had a deficit. The continuity of the Company’s operations is dependent on raising future financings for working capital and obtaining profitable operations.
- The Company has experienced work stoppages and delays due to the ongoing COVID-19 pandemic on some projects.
Mitigation Strategies
- Management believes that it will be able to secure the necessary financing through shareholders loans and the issuance of new equity or debt instruments.
- The Company has taken advantage of government incentives as disclosed in Note 18.
- The Company is currently implementing various strategies.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Reporting Period: 2021
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The Company incurred a loss during the year ended December 31, 2021 and as of that date, the Company had a deficit. The continuity of the Company’s operations is dependent on raising future financings for working capital and obtaining profitable operations.
Mitigation Strategies
- Management believes that it will be able to secure the necessary financing through shareholders loans and the issuance of new equity or debt instruments.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS