Drive Shack Inc.
Climate Impact & Sustainability Data (2021, September 30, 2022)
Reporting Period: 2021
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Inadvertently omitted expenses related to a lease termination incurred in December 2021 but paid in January 2022 from total operating costs for the fourth quarter of fiscal 2021.
- Overstated weighted average shares outstanding for full year 2021.
Mitigation Strategies
- Completed review of the Annual Report in conjunction with the completion of its audit to correct the omissions.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: September 30, 2022
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Material weakness in internal controls over financial reporting related to impairment testing.
Mitigation Strategies
- Additional time to complete financial statements and assessment of internal controls over financial reporting.