Climate Change Data

Environmental Metrics

ESG Focus Areas

• environmental, health and safety
• corporate social responsibility
• sustainability
• customer satisfaction
• employee wellbeing and retention
• corporate governance
• diversity, equity and inclusion
• Net Zero Strategy

Environmental Achievements

• Reduced total energy consumption by 25% (214,271 kWh vs 286,860 kWh)
• Reduced Scope 1 emissions from gas combustion by 15% (17 tCO2e vs 20 tCO2e)
• Reduced Scope 1 emissions from transport fuel by 80% (1 tCO2e vs 5 tCO2e)
• Reduced Scope 2 emissions from purchased electricity by 16% (21 tCO2e vs 25 tCO2e)
• Maintained Scope 3 emissions from business travel (7 tCO2e)

Social Achievements

• Developed an employee assistance program (EAP)
• Maintained over 30% female workforce across all areas of the business
• Implemented a new cultural values and associated behavioral framework
• Strengthened sales teams and added customer success management

Governance Achievements

• Appointed three new independent Non-Executive Directors (Paul Boughton, Dr. Annette Nabavi, Mark Castle)
• Established an ESG Committee chaired by Mark Castle
• Appointed Elemental CoSec Limited as Company Secretary
• All Directors will stand for annual re-election at the AGM

Climate Goals & Targets

Environmental Challenges

• Inability to attract and retain employees in a competitive market
• Siloed working and conflicting priorities between business units
• Impact of economy and financial markets on the construction industry
• Reputational risk
• Currency fluctuations
• Protection of intellectual property
• Regulatory, legal, and tax compliance

Mitigation Strategies

• Reviewing employee value proposition (EVP), including pay, benefits, learning and development, and wellbeing
• Implementing a matrix organization with clarified roles and responsibilities
• Installing a common finance system globally
• Diversifying geographically through direct sales and reseller partners
• Actively managing reputational risks through data protection, feedback mechanisms, and ethical operations
• Using local currencies and reviewing foreign exchange contracts
• Using licensing technologies and defending intellectual property rights
• Using professional advisors for legal and tax compliance

Supply Chain Management

Responsible Procurement

• Review of service agreements and supplier relationships
• Minimum of two comparable proposals for key suppliers

Climate-Related Risks & Opportunities

Opportunities

• Rising demand for buildings with green credentials

Awards & Recognition

• Megabuyte Quoted 25 Award for Best Performing Software Company in Industrials
• Project Management Software of the Year at the UK Construction Computing Awards
• Runner-up in the Asset Management category at the UK Construction Computing Awards 2021

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced carbon emissions globally from 140 tonnes to 115 tonnes (an 18% reduction)
• Offset 2021 carbon emissions (scopes 1 and 2 and business mileage for scope 3)
• Offset 2022 carbon emissions (scopes 1 and 2)
• Switched to 100% cloud-based servers in the UK

Social Achievements

• Certified as a Great Place to Work® in the UK, Sweden, and Germany
• Implemented wellbeing and personal development programmes for employees
• Introduced an Employee Assistance Programme, Employee Hub, and encouraged colleagues to volunteer for charitable causes
• Two-thirds of employees received a cost-of-living allowance

Governance Achievements

• Established an ESG committee
• Set targets and measured performance against Key Performance Indicators (KPIs)
• Developed a scorecard of performance metrics
• Reinvigorated group-wide policy framework

Climate Goals & Targets

Environmental Challenges

• Geo-political factors and inflationary pressures impacted the timing for customers' operational programmes, resulting in a slowdown in demand for services and sales of new licenses.
• Tight labor market proved a difficult climate to attract staff and retain existing staff.

Mitigation Strategies

• Effective cost control and strong cash balance
• Improved employee value proposition (EVP) to attract and retain talent
• Introduced various employee initiatives, well-being support, and benefits
• One-off support payment to two-thirds of employees in Q4 2022

Supply Chain Management

Responsible Procurement

• Review of service agreements and supplier relationships every two to three years

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol, ISO 14064, SECR regulations, UK Department for Business, Energy and Industrial Strategy (BEIS) Environmental Reporting Guidelines

Certifications: Great Place to Work®

Awards & Recognition

• Megabuyte Quoted25 Award for Best Performing Software Company in Industrials
• Project Management Software of the Year at the UK Construction Computing Awards (9th consecutive year)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 82% of total kWh electricity from renewable energy tariffs
• Reduced CO2 production by 31 tonnes globally
• 30% electrified vehicles

Social Achievements

• Great Place to Work® certification achieved for all business units that qualify
• Employee satisfaction increased to 76%
• Employee turnover reduced to 9.7%

Governance Achievements

• Female representation on the Board increased to 40%
• Independent Directors on the Board increased to 60%
• ISO 27001 accreditation achieved by Elecosoft UK Limited and BestOutcome Limited

Climate Goals & Targets

Environmental Challenges

• Challenging macroeconomic climates and geopolitical uncertainties
• European operations faced a challenging economic climate due to the energy crisis
• Lower service revenues due to budget restrictions resulting from uncertain economic conditions

Mitigation Strategies

• Focus on margin improvement led to discontinuation of lower-margin product lines
• Prompt actions were taken in Sweden to discontinue end-of-life applications
• New management teams successfully implemented go-to-market initiatives in Germany and the Netherlands

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Quoted Companies Alliance Corporate Governance Code for AIM-listed companies

Certifications: ISO 27001

Sustainable Products & Innovation

• Bidcon Climate estimation software

Awards & Recognition

• Asta Powerproject awarded ‘Project Management Software of the Year’ at the UK Construction Computing Awards for the tenth consecutive year