Climate Change Data

Aurora Labs Limited

Climate Impact & Sustainability Data (2016, 2020)

Reporting Period: 2016

Environmental Metrics

Social Achievements

  • Increased number of employees from 2 to 12.

Governance Achievements

  • Established an Audit Committee.

Climate Goals & Targets

Short-term Goals:
  • Finalise Beta testing and final pre-production activities of the SFP and bring the SFP into commercial production
  • Move the MFP and LFP from the design and development stage into the proof of concept stage through the construction of a working MFP prototype

Environmental Challenges

  • Risks to commercialisation of technologies
  • Risks of not achieving targeted speeds or product specifications
  • Inability to reach sufficient sales to generate an operating profit
Mitigation Strategies
  • Risk management framework in place (details not specified).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Corporate Governance

Governance Achievements

  • Adopted a Board Charter outlining roles and responsibilities.
  • Undertook background checks on director candidates.
  • Established written agreements with directors and senior executives.
  • Conducted board and senior executive performance evaluations.
  • Adopted a Code of Conduct for directors, executives, and employees.
  • Established an Audit Committee.
  • Obtained declarations from CEO and CFO regarding financial statements.
  • Adopted a Continuous Disclosure and Market Communications Policy.
  • Adopted a Shareholder Communications Policy.
  • Reviewed the entity’s risk management framework.

Climate Goals & Targets

Environmental Challenges

  • Technology development risks
  • Intellectual property risks
  • Commodity price fluctuations
  • Exchange rate fluctuations
Mitigation Strategies
  • Adopted Risk Management Policy and other procedures to identify, mitigate and manage risks.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations- 3rd Edition