Tiny Ltd.
Climate Impact & Sustainability Data (2024-03)
Reporting Period: 2024-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Slow recovery in the tech industry and overall economy affecting job postings and repeat customers.
- Difficulties in integrating and managing acquired businesses.
- Maintaining or renewing obligations under credit facilities.
- Funding future acquisitions.
- Attracting new customers or selling additional products to existing customers.
- Global financial conditions and market volatility.
- Inflation and interest rate hikes.
- Disruption of businesses by Artificial Intelligence (AI).
- Incorporating generative AI into products (new and developing technology with compliance and reputational risks).
- Use of Artificial Intelligence and Machine Learning in Solutions and Operations (risks and challenges).
- Decline in recurring revenue or non-renewal of contracts.
- Dependence on officers, directors, management and key employees.
- Potential conflicts of interest.
- Risks associated with foreign operations.
- Compliance with data privacy and security laws and regulations.
- Protecting intellectual property.
- Rapid technological changes in digital commerce.
- Maintaining effective internal controls over financial reporting.
- Intensifying competition in the ecommerce industry.
- Protecting confidential information against security attacks and privacy breaches.
- Tax Risk
Mitigation Strategies
- Efforts to enhance product experience, reduce operating costs, and execute against new opportunities.
- Implementing measures to address algorithmic bias in AI.
- Managing liquidity risk through capital structure management and cash flow forecasting.
- Plans to increase cash flows and reduce costs.
- Having $18.2 million of undrawn facilities readily available.
- Regularly assessing credit risk associated with trade receivables and monitoring overdue balances.
- Hedging program to minimize the impact of adverse foreign currency exchange movements.
- Implementing technical, organizational, and physical security measures to protect confidential information.
- Implementing ongoing changes to internal control over financial reporting.