Climate Change Data

Zaplox AB (PUBL)

Climate Impact & Sustainability Data (2020-01-01 to 2020-12-31, 2022, 2023-01 to 2023-09)

Reporting Period: 2020-01-01 to 2020-12-31

Environmental Metrics

Social Achievements

  • Implemented clear personal directives regarding hygiene and staying home when sick, recommended working from home, and cancelled non-critical travel in response to the COVID-19 pandemic.

Climate Goals & Targets

Long-term Goals:
  • Generate positive cash flow during the second half of 2022.
Medium-term Goals:
  • Increase the number of contracted doors to at least 150,000 by the end of 2022.
  • Activate at least 40,000 doors by the end of 2021 and over 95,000 by the end of 2022.
Short-term Goals:
  • Increase the number of contracted doors to at least 70,000 by the end of 2021.

Environmental Challenges

  • COVID-19 pandemic significantly impacted the hotel industry, leading to hotel closures or low occupancy rates, causing delays in several delivery projects.
  • Potential challenges for market growth and expansion due to continued pandemic restrictions and reduced investment willingness from hotels.
  • Risk of insufficient funds for future operations, potentially requiring unfavorable external capital acquisition.
  • Exposure to currency risks due to subscription-based revenue in USD.
  • Dependence on partnerships with hotel lock manufacturers and business systems providers; potential for non-fulfillment of quality requirements or increased costs.
  • Risk of losing key personnel, impacting operations and results.
  • Risk of increased competition from multinational companies with significant resources.
  • COVID-19 pandemic impacting hotel market globally, leading to liquidity problems and potential non-payment from hotels.
Mitigation Strategies
  • Adjusted sales strategy and price levels to promote Zaplox solutions by reducing start-up and subscription costs.
  • Implemented a cost-reduction program including ending consultant contracts and temporarily laying off personnel (most key personnel were later rehired due to increased demand).
  • Strengthened sales resources in the USA to address differing recovery rates between the American and European markets.
  • Developed a new product, Mobile Key App, Premium1, for faster implementation and remote installations, reducing costs and minimizing impact from travel restrictions.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Mobile Key App, Premium1

Reporting Period: 2022

Environmental Metrics

Environmental Challenges

  • Consequences of the war in Europe, economic instability, problems in the European energy market, inflation, and the Corona pandemic impacting market growth and expansion.
  • Risk of current or future partners terminating their collaboration, negatively impacting sales, revenue, and results.
  • Dependence on key employees.
  • High development costs and unpredictable timelines for high-tech product development.
  • Increased competition in the market for digital key solutions.
  • Risks related to inflation, impacting sales to new and existing customers.
  • Potential for insufficient liquid funds for future operations, requiring potentially disadvantageous external financing.
Mitigation Strategies
  • The company is constantly working to create good conditions for employees to thrive and continuously develop their skills.
  • Zaplox invests in its technical infrastructure and captures innovations and lessons from each customer implementation, integrating them into its products and services.
  • The company conducted a rights issue of shares and warrants in April 2023, raising approximately 19.9 MSEK before emission costs, and potentially an additional 7.5 MSEK in Q4 2023, strengthening its equity and working capital and financing operations for at least 12 months.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023-01 to 2023-09

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

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Strengthened human capital by initiating recruitment of three new employees (including Chief Commercial Officer and Finance Manager).

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

  • Not disclosed