Climate Change Data

NEXE Innovations Inc.

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

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

  • Environmental Sustainability
  • Social Responsibility
  • Governance

Environmental Achievements

  • Developed and manufactures BPI-certified compostable single-serve coffee pods, a sustainable alternative to plastic pods.
  • Achieved BPI certification for compostable materials meeting international standards (AS 4736, ASTM D6400, ISO 17088, ISO 18606).

Social Achievements

  • Partnerships with ecoBeans, Bridgehead Coffee, and EKOCUPS to expand market reach and promote sustainable coffee consumption.
  • Focus on creating jobs in Windsor, Ontario.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Become a leader in compostable materials technology.
Medium-term Goals:
  • Expand into new markets with compostable materials technology (yogurt cups, cosmetic jars).
Short-term Goals:
  • Grow customer base focusing on co-manufacturing and private label market.

Environmental Challenges

  • Competition from established players like Keurig and Nespresso who are also developing sustainable alternatives.
  • Consumer adoption of compostable pods and the need for widespread composting infrastructure.
  • Maintaining cost competitiveness with plastic pods.
  • Potential shelf-life issues with compostable pods.
Mitigation Strategies
  • Vertical integration to control costs and quality.
  • Strategic partnerships to expand market reach.
  • Focus on R&D to improve compostable materials and develop new products.
  • Highlighting the environmental and health benefits of compostable pods compared to plastic alternatives.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Growth in demand for sustainable packaging.

Reporting Standards

Frameworks Used: Null

Certifications: BPI

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • BPI-certified compostable single-serve coffee pods

Awards & Recognition

  • Not disclosed