ASITE plc
Climate Impact & Sustainability Data (2003)
Reporting Period: 2003
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Move towards cashflow positive during 2004.
Environmental Challenges
- Significant investment in Asite’s product inventory resulting in a loss for the year.
- Dependency on reseller agreements impacting gross margins.
- Need to strengthen the balance sheet of Asite plc and Asite Solutions Limited.
Mitigation Strategies
- Reduced cost base while maintaining sufficient resources for new product development.
- Strengthened management team in Sales Development and Finance.
- Reduced dependency on reseller agreements.
- Offshoring some development capacity.
- Seeking shareholder approval to implement a financial strategy to improve the balance sheet.