LED iBond International A/S
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Sustainability
- Recyclable components
- Minimal power consumption
Environmental Achievements
- Developed energy-efficient LED lighting solutions
- Focus on recyclable components in products
Social Achievements
- Onboarding of new distribution partners in Europe and Asia
- Implemented organizational change to refocus commercial activities on sales and sales lead generation
Governance Achievements
- Substantial changes of the organisation and management to further strengthen the competencies and execution power of the company
- Implemented several substitutions and additions to the executive management team and board of directors during the year
Climate Goals & Targets
Long-term Goals:
- Long-term EBITDA margin above 30%
Medium-term Goals:
- Positive cash flow from operations in 2023
Short-term Goals:
- Revenue of DKK 10-30 million for 2022
Environmental Challenges
- COVID19 pandemic consequences (lockdowns, travel restrictions)
- Supply chain bottlenecks
- Uncertainties among customers and sales leads
- Widespread lack of third-party installers
Mitigation Strategies
- Important product development initiatives
- Organizational and management changes to strengthen competencies and execution power
- Onboarding new distribution partners
- Exploring new niche market opportunities for PuriZap
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Danish Financial Statements Act (Årsregnskabsloven)
Third-party Assurance: PKF Munkebo Vindelev State Authorised Public Accountants
Sustainable Products & Innovation
- Energy-efficient LED lighting solutions
- Vertical farming solutions
- UV disinfection technology