TransAKT Ltd.
Climate Impact & Sustainability Data (2013, 2014)
Reporting Period: 2013
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- History of operating losses.
- Limited operating history and unproven business model.
- Competition with greater resources.
- Volatility of world economic factors.
- Dependence on key personnel.
- Government regulation.
- Need for additional funds.
- Volatile raw material prices.
- Limited sales of products.
- Limited public market for common shares.
Mitigation Strategies
- Tightly budgeting and controlling all expenses.
- Expanding operations into China, expanding product lines, and recruiting a strong sales team.
- Actively seeking additional funding opportunities.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Hydroponic and LED-based agricultural equipment
Reporting Period: 2014
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Generate approximately $300,000 in annual revenues in fiscal 2015.
Environmental Challenges
- Recurring losses from operations.
- Limited operating history and proving the viability of current products and business model.
- Intense competition with better-resourced competitors.
- Volatility of world economic factors affecting capital raising and product costs.
- Dependence on key personnel.
- Government regulation affecting product sales.
- Need for additional funds for intended projects.
- Volatile prices for raw materials.
- Limited public market for common shares.
Mitigation Strategies
- Tightly budgeting and controlling all expenses.
- Permanently idling Vegfab’s plant factory (Feb 15, 2015).
- Aiming to establish a smaller vegetable factory for demonstration purposes.
- Expanding operations into China, expanding product lines, and recruiting a sales team.
- Relocating primary business unit to Hong Kong.
- Cooperating with local partners in Guangdong province for R&D.
- Actively seeking additional funding opportunities.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Vegfab wall lamps and plant growth chamber circulation devices