Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility (CSR)
• Diversity and Inclusion
• Human Resources
• Responsible Sourcing
• Environmental, Health and Safety
• Trade Compliance
• Business Ethics

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Continued pricing pressures
• Competition from other lidar manufacturers
• Automotive OEM cost reduction initiatives
• Ability of automotive OEMs to re-source or cancel vehicle or technology programs
• General economic uncertainty
• Technological feasibility and commercialization of software products
• Managing growth and expanding business operations
• Limited availability and quality of materials, supplies, and capital equipment
• Dependency on third-party service providers and single-source suppliers
• Transitioning to an outsourced manufacturing business model
• Complexity of products resulting in undetected defects and reliability issues
• Maintaining and adequately managing inventory
• Maintaining an effective system of internal control over financial reporting
• Protecting and enforcing intellectual property rights
• Availability of qualified personnel
• Dependence on Austin Russell
• Impact of inflation and stock price on hiring and retention
• Amount and timing of future sales
• Dependence on a few key customers
• Effects of the COVID-19 pandemic
• Interruption or failure of information technology and communications systems
• Cybersecurity risks
• Market instability exacerbated by geopolitical conflicts
• Concentration of stock ownership and voting power
• Risks related to indebtedness

Mitigation Strategies

• Series manufacturing partnerships with Celestica and Fabrinet
• High-volume series production facility in Mexico
• Strengthening compliance programs
• Implementing improvements in operational, financial, and management controls
• Remediating material weaknesses in internal controls over financial reporting
• Investing in R&D
• Expanding sales and marketing efforts
• Investing in new applications and markets
• Investing in manufacturing processes and partnerships
• Protecting intellectual property
• Investing in administrative functions
• Implementing measures to protect trade secrets
• Developing alternate sourcing strategies
• Strengthening compliance programs related to export controls, privacy, cybersecurity, and anti-corruption

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Iris lidar