Ooma, Inc. seeks to establish and sustain a positive environmental legacy for us and for future generations. We want our products and services to be part of a sustainable society.
We are committed to:
Specifically, where applicable and appropriate, we aim to conserve water, energy and ecosystems; to reduce greenhouse gas emissions; to minimize waste and to inspire public consciousness in support of environmental sustainability. We seek to identify and understand the direct and indirect impact of our operations and consider realistic solutions for mitigating those impacts. We also comply with applicable environmental laws and regulations.
ENVIRONMENTAL FOCUS AREAS
Water and Energy
We aim to improve water and energy efficiencies in our existing operations. This includes water and energy management to reduce our consumption.
We aim to minimize waste in our operations and business activities. This includes disposing of waste conscientiously and creatively by making “reduce/reuse/recycle” our standard operating procedure. We also aim to incorporate waste reduction into our design of products, programs, and facilities, and reduce waste through end-of-life recycling.
We support efforts in wildlife and habitat conservation and to preserving the earth’s biodiversity and ecosystem functions. Where applicable, we aim to integrate natural resource conservation in our future planning, development and operations activities.
Where applicable or appropriate, we seek to reduce harmful greenhouse gas emissions by identifying the sources and proposing solutions, including source elimination, efficiency improvement, minimizing transportation and other fuels, and increasing the use of clean fuels. We also aim to examine our supply chain to achieve improvement.
We believe severe weather and other long-term trends could affect our operations and supply chain. To address these and other risks, our planning considers the risk of natural disaster, infectious disease, employee safety, protection of assets, customer service, and other business continuity requirements.
Our board of directors has delegated primary responsibility for the oversight of risks facing the company to our audit committee. Our audit committee charter states that the committee “will review and discuss with management and the independent auditor, as appropriate, the Company’s guidelines and policies with respect to financial risk management and financial risk assessment, including the Company’s major financial risk exposures and the steps taken by management to monitor and control these exposures.”
Environmental Risk Factors
We continually evaluate aspects of regulatory risk in new product development planning and continuous business improvement. Our operations are affected by national, state, and local laws around the world. We have made, and plan to continue making, necessary expenditures for compliance with applicable laws. Our analysis has not identified climate factors as an enterprise risk with a substantive financial impact.
Our future results may be affected by various legal and regulatory proceedings and legal compliance risks, including those involving product liability, antitrust, intellectual property, environmental, the U.S. Foreign Corrupt Practices Act and other anti-bribery and anti-corruption laws, and other matters. The outcome of these legal proceedings is often difficult to reliably predict. For a more detailed review of this topic, see the discussion in Note 11 “Commitments and Contingencies” within the Notes to Consolidated Financial Statements in our Annual Report to Shareholders. Our analysis has not identified climate factors as an enterprise risk with a substantive financial impact.
We mitigate supply chain risks through a variety of management practices, including multi-sourcing raw materials where possible, and maintaining contingency plans with key suppliers to assure allocation to us in the event of supply disruption. Our analysis has not identified climate factors as an enterprise risk with a substantive financial impact.
We depend on various components, compounds, and raw materials supplied by others for the manufacturing of our products. It is possible that any of our supplier relationships could be interrupted due to natural and other disasters and other events, or be terminated in the future. Our analysis has not identified climate factors as an enterprise risk with a substantive financial impact.
We evaluate the planned use and disposal of our products and identify hazards and risks associated with the use and disposal of our products. Mitigation of these risks is highly diverse and product-specific. Our analysis has not identified climate factors as an enterprise risk with a substantive financial impact.