Tantalus Systems Corp.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Minimal (primarily from supply chain)

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

Climate Change Solutions
Data Security & Cybersecurity
Resource Efficiency
Diversity, Equity & Inclusion (DEI)
Workforce Safety & Health
Community Development
Resilience

Environmental Achievements

Minimized waste, water, and energy usage at Burnaby headquarters.
Partnered with Shred-it for secure paper recycling.
Implemented automated features to reduce energy and water usage in Burnaby office (motion-sensored lights, motion-controlled faucets, low-flow fixtures).
Encouraged sustainable practices (reusable items, bean-to-cup coffee, filtered water, flexible work arrangements, transit passes).

Social Achievements

Launched a DEI committee to oversee and drive DEI initiatives.
Provided a company-wide diversity webinar.
Incorporated a “floating holiday” for employees to observe spiritual, cultural, or other significant days.
Allocated space for “Contemplation Rooms” in Burnaby and Raleigh offices.
Adopted a flexible working policy.
Offered resiliency training.
Offered an Employee Assistance Program (EAP).
Covered 100% of employee contributions to health insurance in the U.S.
Incorporated robust salary surveys into compensation analysis.

Governance Achievements

Established an ESG Working Group.
Published and abides by several policies (Board Diversity Policy, Code of Conduct, Disclosure, Confidentiality and Trading Policy, Majority Voting Policy, Whistleblower Policy).

Climate Goals & Targets

Long-term Goals:

Link executive compensation to ESG performance by 2030.

Medium-term Goals:

Achieve 40% gender diversity and BIPOC for new hires by 2030.
Establish professional development tools to address employee needs by 2025.
Reduce Scopes 1 and 2 emissions by 30% by 2030 (from 2019 baseline).
Conduct a Scope 3 assessment and set a science-based target by the end of 2022.
Draft and publish a responsible sourcing policy in 2022.
Conduct a supply chain audit to assess supplier performance by 2023.
Develop ESG supplier training by the end of 2023.

Short-term Goals:

Finalize DEI committee charter and implement prioritized initiatives.
Establish policies for all relevant ESG topics.
Define Board oversight for ESG.

Environmental Challenges

Managing risks associated with the use of critical materials in the supply chain.
Addressing climate-related risks and opportunities.
Maintaining a safe, responsive, diverse, and inclusive working environment.
Developing a responsible sourcing policy and procedures.

Mitigation Strategies

Continuously monitoring the market and taking actions to reduce risks of long lead time and hard-to-acquire components (securing sources, identifying alternate distribution channels, sourcing alternate components).
Establishing an ESG Working Group to oversee climate-related initiatives.
Implementing DEI initiatives, flexible work policies, and employee support programs.
Developing a Responsible Sourcing process in 2022, including evaluating RBA VAP audits.

Supply Chain Management

Supplier Audits: Null (to be conducted in 2023)

Responsible Procurement

Developing a Responsible Sourcing process in 2022, including evaluating RBA VAP audits.

Climate-Related Risks & Opportunities

Physical Risks

Not disclosed

Transition Risks

Not disclosed

Opportunities

Not disclosed

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

Not disclosed

Not disclosed

Sustainable Products & Innovation

Smart grid technology platform

Awards & Recognition

Not disclosed