Safe & Green Holdings Corp.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Governance
Environmental Achievements
- Use of recycled shipping containers and wood in modular construction, contributing to LEED certification.
- Patented technology for sustainable medical and waste management.
Social Achievements
- Agreement with The Peoples Health Care to deliver medical modules providing services to union members.
- Fabrication agreement with Moliving Inc. for eco-resort units.
- Agreement with People First Industries to construct an office building for a non-profit.
Governance Achievements
- Establishment of Audit, Compensation, and Nominating, Environmental, Social and Corporate Governance Committees.
Climate Goals & Targets
Environmental Challenges
- Recurring losses from operations and negative cash flow.
- Doubt about ability to continue as a going concern.
- High concentration of revenue from a few customers.
- Dependence on third-party financing.
- Highly competitive construction industry.
- Risks related to SG DevCorp.'s land acquisition and development.
- Dependence on subcontractors in the medical sector.
- Volatility in stock price.
- Cybersecurity risks.
Mitigation Strategies
- Cost containment, strategic alliances, exploring debt or equity financing.
- Vertically integrating manufacturing process through SG Echo acquisition.
- Diversifying customer base.
- Securing additional funding through public or private offerings, debt financing, etc.
- Improving operational efficiency.
- Implementing risk management strategies for SG DevCorp.
- Developing relationships with skilled subcontractors.
- Improving financial reporting and transparency.
- Implementing and maintaining robust cybersecurity measures.
Supply Chain Management
Responsible Procurement
- Sourcing standard materials made in America.
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters (hurricanes, floods, etc.)
Opportunities
- Development of energy-efficient products
Sustainable Products & Innovation
- GreenSteelâ„¢ modules
- Wood-based modules