Climate Change Data

Heliospectra AB (publ)

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Sustainability
  • Energy Efficiency
  • Resource Efficiency
  • Food Security

Environmental Achievements

  • Reduced energy consumption by up to 53% with LED lighting and helioCORE™.

Social Achievements

  • Launched helioCARE service offering to support growers.
  • New dealer partnerships in US, Australia, and Japan.

Governance Achievements

  • Appointed new Board members Ljubo Mrnjavac and Bonny Heeren.
  • CEO Ali Ahmadian stepped down; Bonny Heeren became interim CEO.

Climate Goals & Targets

Long-term Goals:
  • Become a system supplier in smart farming, focusing on the European greenhouse market.
Medium-term Goals:
  • Strengthen European presence.
  • Build partnerships in the industry.
Short-term Goals:
  • Update existing product lines (helioCORE, MITRA, Adelphi).

Environmental Challenges

  • Lower than expected sales (SEK 35 million).
  • Annulment of Nectar Farms order (SEK 72 million).
  • Increased cost base due to higher-than-expected volumes.
  • Pandemic impact on industry and supply chain.
  • Economic uncertainty due to higher energy prices and supply chain issues.
  • Component shortages leading to increased production costs and extended lead times.
  • Defective component in MITRA product series requiring warranty and reconstruction costs (SEK 5.4 million provision).
Mitigation Strategies
  • New strategic direction focusing on sustainable, data-driven growing and the European greenhouse market.
  • Organizational restructuring to align with revenues.
  • Major non-recurring expenses including impairment charges (almost SEK 17 million) and warranty provisions (SEK 4 million).
  • Short-term loan (SEK 17,025,000) from principal owners.
  • Shareholder contribution (SEK 3,865,000) and offset issue (SEK 13.1 million).

Supply Chain Management

Responsible Procurement
  • Dependence on a single main supplier for certain components.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: Swedish Annual Accounts Act, Swedish Accounting Standards Board’s General Recommendations BFNAR 2012:1

Certifications: DLC certification for MITRA LED lighting solution

Third-party Assurance: Frejs Revisorer AB

UN Sustainable Development Goals

  • Goal 2: Zero Hunger
  • Goal 3: Good Health and Well-being
  • Goal 9: Industry, Innovation and Infrastructure
  • Goal 11: Sustainable Cities and Communities
  • Goal 12: Responsible Consumption and Production
  • Goal 13: Climate Action

Heliospectra's systems contribute to these goals by optimizing resource use, reducing waste, enabling local food production, and lowering carbon emissions.

Sustainable Products & Innovation

  • helioCORE 2.0 lighting control system
  • New generation MITRA LED lighting
  • Adelphi wireless connector