Yerbaé Brands Corp.
Climate Impact & Sustainability Data (2023-01-01 to 2023-06-30, 2024-03 to 2024-03)
Reporting Period: 2023-01-01 to 2023-06-30
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
- Sustainability
Environmental Achievements
- Zero single-use plastic bottles
- Sustainably sourced Yerba Mate from South America
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
- Rising inflationary pressures affecting raw materials, packaging, transportation, and production inputs
- Intense competition in the commercial beverage market
- Changes in consumer preferences and shopping habits
- Water scarcity
- Climate change and natural disasters
- Increase in the cost, disruption of supply or shortage of ingredients, other raw materials or packaging materials
- Limited operating history
- Negative operating cash flow
- Dependence on third-party co-packers and distribution partners
- Conflicts of interest among directors and officers
Mitigation Strategies
- Long-term contracts with suppliers
- Expansion in distribution channels (e.g., club stores, Compass Group, Hannaford Supermarkets)
- New credit facility agreement
- Marketing and advertising initiatives
- Product innovation and new flavor launches
- E-commerce sales growth
- Robust systems to achieve and maintain compliance in multiple jurisdictions
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Sourcing raw materials at fair market pricing
- Long-term contracts with suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather conditions
- Natural disasters
Transition Risks
- Changes in laws, regulations, standards or practices related to greenhouse gas emissions, packaging and water scarcity
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
- Plant-based energy beverages
Awards & Recognition
- Not disclosed
Reporting Period: 2024-03 to 2024-03
Environmental Metrics
Social Achievements
- Launched a co-branded product with Penn State University's NIL service provider.
Governance Achievements
- Appointed Maruf Raza, CPA, CA to the Company’s board of directors.
Climate Goals & Targets
Environmental Challenges
- 58% decline in sales due to non-renewal of Sam's Club agreement and transition to 12oz cans.
- High marketing and operational costs associated with Sam's Club partnership.
- Temporary sales disruptions due to the transition from 16oz to 12oz cans.
- Recurring losses from operations and negative cash flows.
- Dependence on a limited number of customers.
Mitigation Strategies
- Transitioned to 12oz sleek cans aligning with industry trends and consumer preferences.
- Ended partnership with Sam's Club due to high costs.
- Secured distribution with Kroger and Target.
- Expanded DSD distributor network.
- Reduced losses from $8.8 million in Q1 2023 to $2.7 million in Q1 2024 through increased gross margin and decreased general and administrative expenses.
- Actively seeking to diversify its customer base and broaden its market reach.