Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Negative cash flow from operations ($9.1 million in 2011), negative working capital, uncertainty about future liquidity.
• Revenue fluctuations due to project timing, regulatory decisions, and client operating decisions.
• Dependence on government contracts, subject to cancellation and budgetary constraints.
• Impact of general economic trends and tightening credit markets.
• Concentration of revenue from key customers (43% in 2011).
• Need to retain and attract executive talent.
• Potential for new competing technologies.
• Volatility in common share price.
• Risk of loss of proprietary information.
• Risk of data loss due to unauthorized access or customer violations of licensing agreements.
• Potential breakdown of strategic alliances.
• Risks associated with foreign operations (currency fluctuations, enforcement of agreements, collection of receivables, foreign taxes).
• Political instability in regions of operation.
• Need for regulatory approvals.
• Risk of aircraft/radar damage or loss.
• Dependence on GPS satellites.
• Risk of claims related to use of publicly available information.
• Risks associated with speculative data collection.
• Force majeure events (labor unrest, civil disorder, natural disasters).

Mitigation Strategies

• Organizational restructuring, new senior management, sale of excess capacity assets, company-wide cost-reduction program.
• Transitioning to a SaaS model and aggregated datasets to expand market reach and create recurring revenue.
• Diversification of customer base and development of new product lines.
• Investment in training and leadership development to retain talent.
• Continuous evaluation of data collection capabilities and improvements to IFSAR technology.
• Investment in information technology security and legal resources to strengthen licensing agreements.
• Use of contract prepayments or letters of credit to secure payment from international customers.
• Securing export credit insurance on international receivables.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• LinkPro™
• RiskPro™
• AdPro™
• NEXTMap World 30 DSM

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Printed on paper containing 75% recycled fibre content minimum

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Funding in a changing world
• Privacy concerns
• Data assurance
• Disparities between legal and policy frameworks
• Skills gaps
• Data overload
• Digital geospatial divide
• Data ownership issues
• Licensing challenges
• Cybersecurity threats

Mitigation Strategies

• Demonstrating value of geospatial information
• Developing new business models
• Exploring public-private partnerships
• Developing stronger legal and policy frameworks
• Investing in skills development and training
• Utilizing big data technologies
• Promoting open-source solutions
• Developing data quality assurance mechanisms
• International collaboration
• Strengthening cybersecurity measures

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

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Revenue fluctuations
• Nature of government contracts
• General economic trends
• Key customers (one customer accounted for 44% of total revenue)
• Executive talent retention
• New competing technologies
• Common share price volatility
• Loss of proprietary information
• Information technology security
• Breakdown of strategic alliances
• Exporting products – political considerations
• Foreign operations
• Political instability
• Regulatory approvals
• Aircraft/radar lost or damaged
• Global Positioning System (GPS) failure
• Information openly available to the public
• Force majeure

Mitigation Strategies

• Shift in organizational focus from licensing raw data to providing complete geospatial solutions with a focus on software applications
• Obtained financing to fund the development of new product offerings
• Investment in training and leadership development to retain talent
• Evaluation of data collection capabilities and improvements to radar technology
• Investment in legal resources to strengthen licensing agreements and information technology protection
• Seeking to replace alliances if necessary
• Securing export credit insurance on international receivables
• Having an additional aircraft available for data collection
• Investing in database management and offsite duplicate storage

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: KPMG LLP