Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Environmentally-friendly ultrasonic spray systems provide high performance functional coatings, with dramatic reductions in overspray, savings in raw materials, water and energy usage, improved process repeatability, transfer efficiency, high uniformity and reduced emissions

Social Achievements

• Our strong and cohesive team has survived and thrived during COVID and has now returned to work together in our facility, resulting in record sales and income this fiscal year.

Governance Achievements

• Sono-Tek was approved for listing on the Nasdaq Capital Market, which was completed in August 2021.

Climate Goals & Targets

Environmental Challenges

• travel restrictions in various countries where we sell equipment, and in spite of the continuing reduction in trade shows where we normally engage with new and existing customers
• COVID-19 pandemic impacts on sales, demand, supply chain, and operations

Mitigation Strategies

• both we and our customers successfully developed ways to establish and continue our business relationships with a mix of onsite and virtual engagements
• adjusting our policies on social distancing, flexing our workforce hours, enhanced cleaning and sanitary procedures, limiting travel when appropriate, and restricting access of non-employees to our facility when necessary
• implemented plans to reduce spending in certain areas of our business, including reductions or delays in capital expenditures, reduced trade show participation costs, reduced travel expenditures

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Environmentally-friendly ultrasonic spray systems provide high performance functional and protective coatings, with dramatic reductions in overspray, savings in raw materials, water and energy usage, improved process repeatability, transfer efficiency, high uniformity, and reduced emissions.

Social Achievements

• Successfully navigated post-COVID challenges with market-based compensation and additional training of newer staff.
• Increased vertical integration to create greater control over shipping schedules.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain issues leading to manufacturing and shipping delays.
• Parts, labor inflation and difficulty in finding and retaining personnel.
• Some vendors and suppliers experiencing difficulties, pushing out delivery dates.

Mitigation Strategies

• Market-based compensation and additional training of newer staff.
• Increasing vertical integration in several areas to create greater control over shipping schedules.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Environmentally-friendly ultrasonic spray systems

Awards & Recognition

• Not disclosed