Climate Change Data

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting balance between cash burn and growth; challenging sales environment for enterprise software; COVID disruption in the near term.

Mitigation Strategies

• Focus on growing recurring revenue while maintaining a strong balance sheet; lower operating expenses; pursuing opportunities to support customers; cost reduction initiatives.

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

Social Achievements

• Investments in growing sales, marketing, and customer success teams, increasing customer-facing resource capacity by 43% in the December quarter over the prior quarter.
• Launched LiveTiles Vibe, a user engagement engine, and LiveTiles Smart Video, a personalized video experience solution.

Governance Achievements

• Appointment of Dr. Marc Stigter as independent non-executive director and Chair of the Board.

Environmental Challenges

• Litigation expenses of $12,408,256.
• COVID-19 pandemic disruptions.

Mitigation Strategies

• Strategic cost initiatives.
• Reviewing options to reduce cash burn and invest in further strategic growth initiatives.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• LiveTiles Vibe
• LiveTiles Smart Video

Environmental Metrics

Social Achievements

• Global restructure and decrease in headcount: In response to environmental changes the Group implemented a restructure in April 2020, specifically the Group moved to end development operations in the United States, scale down development and professional service functions in Denmark, centralise marketing functions to Australia and to streamline hierarchy of the sales and operations teams. Headcount globally reduced by 25% as a result of the new structure.

Climate Goals & Targets

Environmental Challenges

• Disrupted sales activity in the short term: Although sales pipeline and opportunities remain strong, global sales activity was subdued for the quarter. This was predominantly driven by changes to procurement and capital expenditure policies amongst the Group’s global customer base, with large value of the Group’s sales pipeline deferring purchasing decisions.
• Heightened sales potential in the medium to long term: Given one of the most significant impacts of the COVID-19 pandemic on businesses has been the shift to remote and digital working, LiveTiles expects that the this will drive increased adoption of digital workplace software and that LiveTiles is well positioned to be a major beneficiary of this shift.

Mitigation Strategies

• Global restructure and decrease in headcount
• Lower operating expenditure: In addition to these cost savings, global operating expenses have decreased significantly as a result of the reduction in travel and entertainment activities and due to the cancellation of conferences, which historically have represented large marketing spends.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Forrester Wave: Intranet Platforms Q2, 2020

Environmental Metrics

ESG Focus Areas

• Climate Change
• Employee Experience

Environmental Achievements

• Strategic investment in My Net Zero, a carbon reduction platform, and launch of 'Reach Zero' product to help tackle Scope 4 emissions.

Social Achievements

• Focus on improving employee experience; successful deployment of a large customer project with UnitedHealth Group.
• Strategic partnership with Hide & Seek to expand into the Canberra market.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Drop in ARR Net Retention due to COVID billing relief provided to customers and partners.

Mitigation Strategies

• Focus on larger Mid-market and Enterprise segment to increase Average ARR per Customer.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products through My Net Zero partnership

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Reach Zero

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Governance

Governance Achievements

• Implement and maintain an effective and auditable Information Security Management System.
• Set a baseline for information security and continue to improve the management system.
• Implement controls for identified risks, threats and vulnerabilities.
• Obtain industry recognised certification(s) including ISO27001

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO/IEC 27001

Certifications: ISO27001

Environmental Metrics

ESG Focus Areas

• Employee Experience

Social Achievements

• Acquisition of The Human Link, a leading Employee Experience (EX) company, enhancing LiveTiles' EX offering and accelerating its strategic goal of becoming a world leader in EX.

Climate Goals & Targets

Environmental Challenges

• Seasonality and delays in timing of Q3FY22 customer renewals impacting cash receipts.
• Timing of Customer Cash receipts collections impacting Net Operating Cashflows.

Mitigation Strategies

• Ongoing operating and cost efficiency initiatives, including establishing product development and engineering team in Portugal and restructuring marketing function in the Philippines to drive greater cost efficiencies and scale.
• Strategic acquisition of The Human Link to accelerate Employee Experience go-to-market strategy.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Employee Experience
• Flexibility
• Inclusion and Diversity
• Moments that Matter
• Purpose and Sustainability

Social Achievements

• Increased sense of belonging among employees
• More authentic and equitable representation of employee voices
• Greater source of inspiration and innovation from frontline workers

Climate Goals & Targets

Environmental Challenges

• Information and application overload in the digital workplace
• Employee dissatisfaction with current levels of flexibility
• Misalignment between company mission and employee values

Mitigation Strategies

• Removing tech complexity and simplifying the employee experience
• Empowering employee voice and fostering a high-trust work environment
• Creating a values-based culture and aligning company mission with employee values

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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