Thalassa Holdings Ltd

Climate Impact & Sustainability Data (2021, 2023)

Global economic risk due to Brexit, the Ukraine conflict, and the Covid-19 pandemic.
Insufficient cash resources to meet liabilities and finance key projects.
Loss of key management/staff.
Failure to maintain strong relations with key stakeholders.
Failure to comply with law and regulations.
Significant changes in the political environment.
Death, illness, or serious business disruption due to COVID-19 or other pandemics.

Short-term and annual business plans are prepared and reviewed.
Use of various hedging instruments.
Regular review of the Board’s and key management’s abilities.
Review of salaries and benefits, including long-term incentives.
Establishing and maintaining open and transparent dialogue with key stakeholders.
Appointing relevant professional advisors.
Monitoring the wider political environment.
Complying with legal requirements and guidance.
Taking reasonable steps to protect employees, suppliers, and customers.

Insufficient cash resources to meet liabilities and finance key projects.
Potential failure of the Chairman's personal property sale to provide expected funds.
Potential unsuccessful growth capital fundraising for a Group holding.
Loss of key management/staff.
Failure to maintain strong relations with key stakeholders.
Failure to comply with laws and regulations.
Significant changes in the political environment.

Short-term and annual business plans, hedging instruments.
High confidence in property sale completion (though not guaranteed).
Discussions with investment banks and placement agents, targeting potential investors and strategic partners.
Regular review of Board and key management abilities, review of salaries and benefits, long-term incentives, ongoing communication.
Open and transparent dialogue with key stakeholders.
Professional qualifications of key management, appointment of professional advisors.
Monitoring the political environment to mitigate risk.