Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Circular Economy

Environmental Achievements

• ALUULA process uses no adhesives or volatile substances and does not produce wastewater. The majority of our products are already 100% recycle ready, and we continue to work on new materials with the same qualities. All our packaging is recycled material, and we take pride in minimizing packaging waste.

Social Achievements

• Recruited team members to support sales, marketing, sustainability, and engineering. Initiated the formation of a Global Advisory Board.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Reputational damage and liability if composite materials experience quality control issues. Risk that new market expansion may not be successful or take longer than expected. Risk of trade secret exposure. Supply chain disruptions and associated cash flow issues. Risk of overproduction. Cybersecurity risks. Employee retention challenges.
• Customer claim for quality issues totaling approximately $225,000 plus potential return of $65,000 worth of products.

Mitigation Strategies

• Implementation of quality control processes. Conservative forecasting for new markets. Limiting access to trade secrets through NDAs and facility access controls. Investing in research and quality control for raw materials, detailed production planning, shipping insurance, and multiple suppliers. Matching order quantities with sales forecasts and maintaining relationships for access to capital. Implementing contracts with established service providers for data management. Offering competitive compensation packages and fostering a strong work-life balance. Credit verification process for customers, obtaining customer deposits, and payment prior to shipping for certain customers. Monitoring cash flows and managing financial asset and liability maturity profiles.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Investing in research and quality control to determine the best sources of raw materials.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• ALUULA Gold™, ALUULA Durlyte™, ALUULA Graflyte™

Awards & Recognition

• Not disclosed