Climate Change Data

XTPL Spółka Akcyjna

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Social Achievements

  • Women constituted 45% of the XTPL team. In the Technology Team, women made up 35% of the workforce.
  • XTPL offers its employees a benefits package in the form of a non-wage benefits program. XTPL offers: private medical care, health & life insurance, sports program, program of awards for patent applications, the possibility of telecommuting, access to the Company’s corporate library and funding for English language courses.

Climate Goals & Targets

Environmental Challenges

  • Supply chain disruptions due to limitations in air transport (indirect impact of the war in Ukraine).
Mitigation Strategies
  • The Company and its employees undertook a number of activities to help Ukrainian war refugees.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRSs/IASs

Awards & Recognition

  • Technical Development Manufacturing Award at the IDTechEX Show in Berlin
  • One of the most promising technologies among participants of the I-Zone (the innovation zone) as part of the Display Week in Los Angeles
  • Best investment in the capital market in Poland in 2019
  • Best conference publication “Ultra-Precise Deposition Technology for HighResolution Flat Panel Displays” at the 27th International Display Workshop (IDW'20) conference
  • “The most valuable brand of an optoelectronic product” and “The most valuable brand of materials for the production of optoelectronic components” at the Display & Touch Industry Conference 2021 (DTIC 2021)

Reporting Period: 2022

Environmental Metrics

Social Achievements

  • Women accounted for 46.7% of the full XTPL team. At the same time, in the technology team, women represented 37.9% of the staff.
  • XTPL offers its employees a benefits package in the form of a non-wage benefits program. XTPL offers: private medical care, health & life insurance, funding for a sports program, program of awards for patent applications, employee referral program, remote working options (depending on the nature of the job), access to the XTPL corporate library and funding for English language courses.

Climate Goals & Targets

Long-term Goals:
  • the implementation of the XTPL technology on the production lines of global manufacturers of next-generation electronics
Medium-term Goals:
  • In 2023, we plan to finalize our strategy for 2023‒2026. The strategy will chart our business, technology and production goals, which will steer us toward continued growth.

Environmental Challenges

  • economic turmoil and volatile market conditions, which included an inflationary environment and disrupted supply chains
  • Risk related to the technology commercialization process
  • Risk of failure to achieve revenues
  • Risk of low product quality
  • Risk related to the business development model and the failure deliver the Company’s and the Group’s strategy
  • Risk related to the difficulty with acquiring experienced and specialized employees
  • Risk of losing key team members
  • Risk of dependence on future counterparties
  • Risk of potential disclosure of confidential information on technology
  • Risk of intellectual property infringement
  • Risk of technology scaling
  • Risk of a failure to reach the target clients and achieve sales plans
  • Risk of emergence of a competitive technological solution
  • Risk of loss of financial liquidity and access to financing
  • Risk of not receiving grants and subsidies
  • Risk of implementation of in-house technologies by the Company’s potential clients
  • Risk of unforeseen events
  • Human factor risk
  • Risk of failure of the equipment used in the Company’s and the Group’s operations
  • Risk of insufficient insurance coverage
  • Risk of court and administrative proceedings
  • Risk of related-party transactions
  • Risk of intellectual property rights and application patents
  • Risk related to commercialization agreements
Mitigation Strategies
  • Investing in sales units to respond to the mounting interest in our product and service portfolio
  • Constantly striving to protect our industrial and intellectual property
  • Developing a medium-term strategy for the years 2023–2026, containing business and technology & production objectives, as well as the related organizational development and its sources of funding
  • Diversify supply sources, forges partnerships and builds a base of alternative suppliers
  • The Company has developed a number of procedures depending on the level of risk and applies them as appropriate depending on the situation.
  • The Company keeps abreast of the legal developments relating to the stock exchange reporting and makes sure it is prepared for their implementation comfortably in advance.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRSs/IASs

Reporting Period: 2023

Environmental Metrics

Social Achievements

  • Increased workforce size from 70 to 91 in 12 months.
  • Women accounted for 40.0% of the full XTPL team.

Governance Achievements

  • Adopted the 2023-2026 Strategy focusing on business development and scaling up.

Climate Goals & Targets

Medium-term Goals:
  • Achieve PLN 100 million in revenues from the sale of products and services by the end of 2026
Short-term Goals:
  • Increase production capacity

Environmental Challenges

  • Supply chain disruptions due to global events (implied)
  • Maintaining profitability while executing investment program.
Mitigation Strategies
  • Developed alternative sourcing strategies (implied)
  • Successful public offer raising over PLN 34 million net.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRSs