Norwood Systems Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Going concern risk due to losses and net liability position.
- Need for additional capital.
- Climate-related risks (new regulations, extreme weather).
- COVID-19 impact on operations and market conditions.
- Related party risks.
- Customer service risks.
- Data loss, theft, or corruption risks.
- Uncertainty of future profitability.
- New product development and technology risks.
- Protection of intellectual property rights.
- General economic conditions, interest and inflation rates, currency exchange rates.
- Share market conditions.
- Litigation risks.
- Reliance on key personnel.
Mitigation Strategies
- Securing additional funding and revenue-generating contracts.
- Monitoring the COVID-19 situation and updating the market.
- Establishing risk management systems to prevent cyber-attacks and data security breaches.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of weather patterns and incidence of extreme weather events
- Longer-term physical risks such as shifting climate patterns
Transition Risks
- Emergence of new or expanded regulations associated with the transitioning to a lower-carbon economy and market changes related to climate change mitigation