AELUMA, INC.
Climate Impact & Sustainability Data (2022, 2024)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic disrupting supplier operations and increasing lead times for materials and parts.
- Challenges in scheduling on-site support for equipment maintenance.
Mitigation Strategies
- Procured spare parts to minimize disruption to development.
- Leveraged access to a rapid prototyping facility.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Sustainability
- Climate Change
- Environmental Impact
- Social Responsibility
- Corporate Governance
Environmental Achievements
- Processes are highly efficient, generating very low levels of waste and emissions. Climate change and related regulations are not viewed as materially impacting the business and financial statements beyond any inestimable impact on the macroeconomic environment.
Social Achievements
- Commitment to sound corporate citizenship in managing people, business, and societal/environmental impact; compliance with all applicable laws and regulations; regular solicitation of shareholder feedback on ESG topics and executive compensation.
Governance Achievements
- Established three standing committees: audit, compensation, and nominating and governance. Adopted a Code of Ethics applying to all directors and employees. Policy for recovery of erroneously awarded incentive compensation.
Climate Goals & Targets
Environmental Challenges
- Significant operating losses and negative cash flows from operations; limited revenue; substantial doubt about the Company’s ability to continue as a going concern; insufficient personnel with appropriate technical accounting and SEC reporting expertise.
Mitigation Strategies
- Raising additional capital and/or obtaining financing; controlling overhead and expenses; executing material sales or research contracts; pursuing additional sales and contracts.