Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance
• Social
• Environmental

Environmental Achievements

• Provides a hybrid working environment, encouraging virtual meetings to reduce travel and minimize carbon footprint.
• Supports the Games Forest Club through donations for every PGC ticket sold to offset event-related carbon footprint.

Social Achievements

• Launched four Employee Resource Groups (ERGs): Prism (LGBTQIA+), Tetris (People of Color), Joysticks (Mental Health), RYG (Women's Affinity).
• Luminosity Gaming rosters three competitive women's teams and two top women Battle Royale players.
• Numerous engaging events and discussions took place in 2023, including a women's mentorship program.

Governance Achievements

• Adopted new social, governance, and IT policies, including a Diversity Policy, Parental Leave Policy, Vacation and Leave Policy, and Referral Policy.
• Establishing a new ERP system to enhance control environment, increase operational efficiencies, and maintain high-quality reporting.

Climate Goals & Targets

Environmental Challenges

• Softening of digital advertisement demand and spending due to uncertain economic outlooks.
• Decline in the Company’s share price resulting in market capital being lower than the net assets of the Company.
• Goodwill impairment charges on multiple CGUs.

Mitigation Strategies

• Stringent cash flow management to ensure sufficient liquidity.
• Amended and restated commitment letter with primary lender to provide additional liquidity and defer certain payments.
• Prioritizing profitable channels and deploying new content to TikTok.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• FPS Game of the Year and Esports Game of the Year at the Web3 Gam3rs Choice Awards
• Best esports title and best multiplayer title at the Polkastarter GAM3 Awards

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Provides a hybrid working environment, encouraging virtual meetings to reduce travel and minimize carbon footprint.
• Supports the Games Forest Club, donating for every PGC ticket sold to offset event-related carbon footprint.

Social Achievements

• Launched numerous new social and governance policies in 2023, including a Diversity Policy, Parental Leave Policy, and a new Vacation and Leave Policy.
• Established four Employee Resource Groups (ERGs) in 2023: Prism (LGBTQIA+), Tetris (People of Color), Joysticks (Mental Health), and RYG (Women’s Affinity).

Governance Achievements

• Board of Directors regularly reviews corporate governance practices and procedures.
• Establishing a new ERP system to enhance control environment, increase operational efficiencies, and maintain high-quality reporting.

Climate Goals & Targets

Environmental Challenges

• Overall macroeconomic conditions including increasing interest rates, high inflation, and softening of digital advertisement demand.
• Decline in Company’s share price.
• Decrease in the number of third-party publishers.
• Decrease in video views and web pageviews.

Mitigation Strategies

• Cost savings initiatives and operational efficiencies including efficiencies in ad tech, consolidation of offices, insourcing of production and content resources, and headcount reductions.
• De-prioritization of video platform to reduce operating costs.
• Focus on owned and operated websites and select represented websites.
• Partnership with Playwire to accelerate ad tech tools and optimize revenue.

Supply Chain Management

Climate-Related Risks & Opportunities