Climate Change Data

Carbon Revolution Limited (ACN 128 274 653)

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Further developed health and well-being program (CARE) with a focus on mental health.
  • Appointed a Human Resources Director to the Executive Team.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Play a major disruptive role in the automotive wheel industry.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Deliver operational efficiencies to lower wheel cost.
  • Finalize programs underpinning Mega-line development.
  • Progress Phase 1 Mega-line project.

Environmental Challenges

  • Heavily impacted by issues related to the COVID-19 pandemic, resulting in 10% lower revenue than the previous year.
  • Sales negatively impacted in the first half of the year due to a key customer being heavily affected by COVID-19.
  • Sales further impacted in the second half due to another key customer's plant shutdown caused by the global semiconductor chip shortage.
  • Change in product sales mix, reduced production volumes, and costs associated with finishing work in progress negatively impacted gross margins.
Mitigation Strategies
  • Large reduction in headcount to mitigate the impact of reduced orders.
  • Reduced inventory levels (both raw materials and work in progress).
  • Increased production significantly during the second half.
  • Successfully implemented Diamond Weave Technology, improving aesthetic quality and reducing labor costs.
  • Implemented a new enterprise resource planning system, payroll, time in attendance, and an integrated human resource management system.

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: IATF 16949, ISO 9001, ISO 14001

Third-party Assurance: Deloitte

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Lightweight carbon fiber wheels that reduce vehicle emissions.

Awards & Recognition

  • Not disclosed