Bubs Australia Limited
Climate Impact & Sustainability Data (2020-05-11 to 2023-05-10)
Reporting Period: 2020-05-11 to 2023-05-10
Environmental Metrics
ESG Focus Areas
- Governance
- Shareholder Value
Governance Achievements
- Election of Ms Katrina Rathie as independent Chair
- Appointment of two new independent non-executive directors, Mr Reg Weine and Mr Paul Jensen
Climate Goals & Targets
Environmental Challenges
- Significant deterioration in Bubs’ recent financial performance
- Undisciplined expenditure
- Long-term decline in shareholder value
- Failure to comply with reasonable Board directions
- Share price decline of 84.3% in three years
- Accumulated losses of $240 million since IPO
- Seven capital raisings with significant investor losses
Mitigation Strategies
- Strategic review of the global business (focus on China and US markets)
- Director and leadership changes
- Appointment of Interim CEO Richard Paine
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Australian Exporter of the Year 2022