Triterras, Inc.
Climate Impact & Sustainability Data (2021, February 28, 2021, July 2022)
Reporting Period: 2021
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Change of independent registered public accounting firm (KPMG LLP resigned, Nexia TS Public Accounting Corporation engaged). This delayed the completion of the audit of the Company’s consolidated financial statements for the fiscal year ended February 28, 2021.
Mitigation Strategies
- Engaged Nexia TS Public Accounting Corporation as the new independent registered public accounting firm to conduct the audit.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: February 28, 2021
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- KPMG LLP, the Company’s former independent registered public accounting firm, resigned. The process of finding a new auditor (Nexia TS Public Accounting Corporation) and completing the audit caused delays in filing the 2021 Annual Report.
Mitigation Strategies
- Engaged Nexia TS Public Accounting Corporation as the new independent registered public accounting firm.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: July 2022
Environmental Metrics
ESG Focus Areas
- Governance
- Sustainability
- Digital Technology's contribution to emissions reduction
Environmental Achievements
- Transitioned from public Ethereum blockchain to AWS-managed Hyperledger blockchain
- Achieved ISO 27001:2013 certification
Social Achievements
- 52% of professional employees are women (as of June 2022)
- Implementation of a comprehensive Governance Enhancement Plan
Governance Achievements
- Established a Risk Committee of the Board of Directors to oversee risk management and compliance
- Formed a multi-disciplinary ESG team comprised of senior leaders
Climate Goals & Targets
Long-term Goals:
- Attract general credit funds and multi-asset funds to Kratos
Medium-term Goals:
- Expand Kratos platform to include micro lending applications
Short-term Goals:
- Announce major platform enhancements and introduce Kratos version 2.0
Environmental Challenges
- Protracted COVID-19 pandemic and ongoing social unrest impacting supply chain stability
- Industry challenges impacting clients and financial results
Mitigation Strategies
- Implementation of DevSecOps to improve Kratos platform
- Strategic partnerships (e.g., Unqork, Invoice Bazaar, Zomato)
- Investment in organic and inorganic growth
- Robust business development initiatives
- Strategic hires in legal, origination, technology, business development, and finance