Climate Change Data

Mynaric AG

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Social Achievements

  • Average of 290 employees (2021: 216 employees). Mynaric offers attractive benefits, incentives, and career opportunities.

Governance Achievements

  • Expansion of the Management Board to four members. Appointment of Mustafa Veziroglu as new member of the Management Board and Chief Operating Officer. The Supervisory Board regularly dealt with the remuneration of the Management Board members as well as the long-term variable remuneration programs for the employees of the company and its affiliated companies.

Climate Goals & Targets

Environmental Challenges

  • Chip shortage leading to lower production and sales of HAWK terminals.
  • Write-downs on inventories (primarily CONDOR MK1 and CONDOR Mk2 and CONDOR MEO).
  • Higher than expected R&D investments.
  • Supply chain disruptions.
  • Contract violations by a customer leading to contract termination and write-down of CONDOR MEO technology.
Mitigation Strategies
  • Redesigned HAWK product to avoid further supply chain constraints.
  • Focus on other product lines and completion of development of existing products and their series production.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023

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

  • Diversity
  • Employee satisfaction
  • Residue-free combustion of terminals

Environmental Achievements

  • CONDOR Mk3 passed optical verification and Phase 1 interoperability testing under the Space Development Agency's (SDA) Tranche 1 program

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

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: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Top award in the “Best Submitted Idea” category at the INNOspace Masters Highlight Conference