BERYL 8 PLUS PUBLIC COMPANY LIMITED
Climate Impact & Sustainability Data (2020-12 to 2022-06)
Reporting Period: 2020-12 to 2022-06
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Cybersecurity risks due to the increasing reliance on cloud storage by BE8's clients.
- Potential human capital shortage in cybersecurity due to COVID-19 and global digital trends.
- Liquidity risk for BAYCOMS due to client payment defaults.
- Dependency on financial assistance from persons with potential conflicts of interest for BAYCOMS loans.
- Interest rate fluctuations impacting BAYCOMS' financial costs.
- Potential tax penalties for BAYCOMS due to accounting errors.
Mitigation Strategies
- Acquisition of BAYCOMS to enhance cybersecurity expertise.
- Five-year executive contracts with key BAYCOMS personnel.
- Development and expansion of internal cybersecurity knowledge.
- Stricter client credit assessment policies.
- Negotiation for lower interest rates within the business group.
- Contractual agreement with BAYCOMS transferors to address tax liabilities.