Foresight Autonomous Holdings Ltd.
Climate Impact & Sustainability Data (2018, 2021, 2022, 2024)
Reporting Period: 2018
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Significant losses since inception and anticipation of continued losses until successful product commercialization.
- Dependence on raising substantial additional capital for commercialization.
- Potential product defects leading to returns, liability claims, and reputational damage.
- Dependence on key personnel and challenges in attracting and retaining skilled employees.
- Dependence on the success of current products under development.
- Competitive market with established players possessing greater resources.
- Risks associated with supplier relationships and manufacturing disruptions.
- Risks associated with international operations.
- Risks related to information technology systems and data security.
- Compliance with automotive regulations.
- Protection and enforcement of intellectual property rights.
- Potential for share price decline due to sales by existing shareholders.
- Exemptions under the JOBS Act potentially undermining investor confidence.
- Following home country corporate governance practices instead of SEC and Nasdaq requirements.
- Potential PFIC status for U.S. federal income tax purposes.
- Exposure to securities litigation.
- Dependence on analyst coverage.
- Fluctuations in currency exchange rates.
- Israeli law provisions potentially impeding mergers or acquisitions.
- Difficulty enforcing judgments against the company in Israel or the U.S.
- Impact of political, economic, and military instability in Israel.
- Disruption of operations due to military service obligations of personnel.
Mitigation Strategies
- Seeking additional capital through equity offerings, debt financings, and collaborations.
- Developing alternative sourcing strategies (implied in risk factors).
- Maintaining product liability insurance (planned).
- Efforts to attract and retain qualified personnel (ongoing).
- Investing in research and development (ongoing).
- Building a global commercial infrastructure (planned).
- Investing in measures to reduce cyber-attack risks (ongoing).
- Investing time and efforts to study global quality and regulations requirements (ongoing).
- Seeking patent and trademark protection (ongoing).
- Hedging foreign currency exchange risk (planned).
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- QuadSight system
- Eye-Net solution
Awards & Recognition
- New Mobility World (NMW) Lab Startup Challenge Award
- 2019 CES Innovation Awards Honoree
- Edison Awards finalist
Reporting Period: 2021
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
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Limited operating history and significant losses since inception.
- No significant revenue generation from product sales.
- Need for substantial additional capital to commercialize products.
- Potential product defects leading to returns, liability claims, and reputational damage.
- Dependence on key personnel and difficulty in attracting and retaining qualified employees.
- Inability to enforce non-compete agreements.
- Dependence on successful commercialization of products in development.
- Business disruption risks from the COVID-19 pandemic.
- Risks related to information technology systems and data security.
- Compliance with automotive regulations.
- Cost sensitivity of products and aggressive target costs from customers.
- Vulnerability to computer system failures, cyberattacks, and cybersecurity deficiencies.
- Uncertainties in the Chinese legal system.
- Inability to obtain and maintain effective intellectual property rights.
- Potential infringement of third-party intellectual property rights.
- Uncertainties and costs surrounding patent prosecution and enforcement.
- Difficulty in protecting intellectual property rights worldwide.
- Significant concentration of share ownership.
- Limitations on ADS holders' rights.
- Exemptions from investor protection laws under the JOBS Act.
- Potential delisting from Nasdaq.
- Fluctuations in currency exchange rates.
- Provisions of Israeli law impeding mergers or acquisitions.
- Political, economic, and military instability in Israel.
- Obligation of management or key personnel to perform military service.
Mitigation Strategies
- Investing in product development and commercialization.
- Seeking additional capital through equity offerings, debt financings, and collaborations.
- Implementing security measures to reduce IT system risks.
- Working to comply with automotive regulations.
- Building a robust supply chain network to reduce costs.
- Establishing a subsidiary in China.
- Pursuing patent and trademark protection.
- Entering into confidentiality agreements.
- Monitoring and enforcing intellectual property rights.
- Considering options to regain compliance with Nasdaq's Minimum Bid Requirement.
- Implementing measures to enable remote work for employees.
- Actively monitoring the COVID-19 situation and adapting business operations as needed.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- 2019 CES Innovation Awards Honoree
- 2019 Edison Awards Gold winner
- 2020 BIG Innovation Awards winner
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
- Road safety
- Sustainable mobility
- Environmental impact reduction
Environmental Achievements
- Not disclosed
Social Achievements
- Collaboration with Software République to enhance road user safety in Bordeaux
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Widespread commercial deployment of Eye-Net’s V2X solution in the Bordeaux metropolitan area with potential expansion in dozens of European cities
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 11 (Sustainable Cities and Communities)
- SDG 9 (Industry, Innovation and Infrastructure)
The project contributes to safer and more sustainable urban mobility.
Sustainable Products & Innovation
- Eye-Net's V2X collision avoidance solution
Awards & Recognition
- Not disclosed