Similarweb
Climate Impact & Sustainability Data (2023, 2024)
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Rapid growth making it difficult to forecast revenue and evaluate future prospects.
- History of net losses and anticipated increasing operating expenses.
- Quarterly fluctuations in operating results.
- Intense competition in a rapidly changing market.
- Data reliability concerns.
- International expansion risks.
- Maintaining high customer service levels.
- Dependence on third-party providers.
- Data collection methodology dependence on third-party platforms.
- Maintaining and enhancing brand recognition.
- Sales cycle variability.
- Maintaining corporate culture during growth.
- Retaining key employees.
- Indebtedness under credit facility.
- Raising additional capital.
- Protecting intellectual property rights.
- Data privacy and cybersecurity regulations.
- Compliance with laws and regulations.
- Being a U.S. public company.
- Taxation complexities.
- Share price volatility.
- Conditions in Israel.
- Enforcing U.S. judgments in Israel.
- Israeli law governing shareholder rights.
- Catastrophic events.
- Liability claims from contract breaches.
- ESG matters and related disclosures.
- Climate change impacts.
- Acquisition integration challenges.
Mitigation Strategies
- Cost optimization efforts.
- Investing in cloud infrastructure and customer support.
- Expanding sales and marketing organizations.
- Developing new solutions and features.
- Improving data collection and aggregation methodologies.
- Expanding direct sales capabilities.
- Improving customer service and support.
- Hedging against currency risk.
- Diversifying data sources.
- Brand building activities.
- Improving sales forecasting.
- Preserving corporate culture.
- Investing in employee retention and recruitment.
- Maintaining compliance with credit facility covenants.
- Implementing internal controls and procedures.
- Implementing security measures.
- Complying with data privacy and cybersecurity regulations.
- Implementing compliance programs.
- Refining disclosure controls and procedures.
- Improving internal control over financial reporting.
- Managing tax liabilities.
- Implementing hedging strategies.
- Addressing risks related to Israeli conditions.
- Implementing acquisition integration plans.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Eco-mindfulness
- Sustainability