Laser Photonics Corporation
Climate Impact & Sustainability Data (2021, 2022)
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
- Environmental
- Social
- Governance
Environmental Achievements
- Laser cleaning technology minimizes secondary waste, eliminates effluents, and reduces worker exposure to toxic waste through automation.
Social Achievements
- Improved worker safety by replacing hazardous abrasive blasting methods with laser blasting.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Competition from other manufacturers of laser cleaning equipment, both domestic and international.
- The COVID-19 pandemic and its impact on supply chains and workforce availability.
- Rapid technological changes in the industry.
Mitigation Strategies
- Vertical integration to reduce manufacturing costs and control quality.
- Implementation of employee safety and sanitization protocols.
- Continuous investment in research and development to stay ahead of the technology curve.
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
- CleanTech™ Laser Blasting™ equipment
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental protection
- Worker safety
- Reduction of carbon emissions
Environmental Achievements
- Replaced hazardous 19th-century abrasive blasting methods with cleaner, safer, energy-efficient laser-based technologies.
- Minimization of secondary waste and absence of effluents in laser cleaning.
Social Achievements
- Improved worker safety by eliminating exposure to toxic airborne materials from abrasive blasting.
- Created a safer work environment through the use of laser blasting technology.
Governance Achievements
- Compliance with OSHA and EPA regulations.
- Compliance with FDA CDRH regulations for laser products.
Climate Goals & Targets
Medium-term Goals:
- Return to profitability in 2024.
- Increase US Government revenue to 25% in the next 12-24 months.
Short-term Goals:
- Break even in 2023.
Environmental Challenges
- Limited operating history.
- Competition in a rapidly changing technology market.
- Dependence on US Government contracts.
- Vulnerability to security threats.
- International business risks.
- Protection of proprietary information.
- Potential for product defects.
- Managing growth.
- Economic downturns.
- Inflationary pressures.
- Supply chain disruptions.
- Compliance with complex legal and regulatory requirements.
Mitigation Strategies
- Vertical integration to reduce costs and control quality.
- Investment in R&D to develop new products and applications.
- Diversification of customer base.
- Implementation of safety and sanitization protocols.
- Investment in marketing and sales.
- Pursuit of strategic acquisitions and partnerships.
- Implementation of policies, procedures, and controls to prevent and detect misconduct.
- Investment in information technology systems and security.
- Monitoring of economic and market conditions.
- Implementation of measures to remediate material weaknesses in internal controls.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- CleanTech™ laser blaster family of equipment