Climate Change Data

Environmental Metrics

Social Achievements

• Oxygen made significant progress helping clients deliver social value to their local communities by offering “FreePay”, a service enabling clients to pay its local micro and small suppliers early at no cost. By the end of June 2022 more than 6,000 suppliers were participating in this program. These local micro and small suppliers enjoyed early invoice payments totaling £250m, without charge, during the first six months of the year.

Climate Goals & Targets

Environmental Challenges

• Supply chain issues have led to suppliers holding more inventory, thus increasing working capital requirements.
• Regulatory delays continue to increase origination lead times for Vertus.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IAS 34

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity and Inclusion
• Data security and privacy
• Anti-bribery and corruption
• Board structure and independence
• Compliance

Environmental Achievements

• Oxygen made its Carbon Reporting tool freely available to the public sector to support the reduction of Scope 3 emissions.

Social Achievements

• Oxygen facilitated early payment of more than 15,000 small businesses within Oxygen clients’ local communities, receiving over £0.6bn in early payments – at no cost to the supplier.
• Satago facilitated early payment of more than 820,000 invoices across 20 different currencies during the year – representing >£1bn of faster payments into the economy.
• Playstack continued to support SpecialEffect, a charity which supports people with physical disabilities through the innovative use of technology.

Governance Achievements

• TruFin has implemented a Group Governance Policy within each of its subsidiaries.
• TruFin operates an Anti-Bribery & Corruption Policy and adopts appropriately robust governance procedures to ensure compliance.
• TruFin also operates a whistleblower policy for its employees.

Climate Goals & Targets

Environmental Challenges

• Ongoing global instability and macroeconomic challenges (inflationary pressures, tight monetary policy, geopolitical uncertainty).
• Staff shortage risk in recruiting skilled individuals.
• Economic volatility and higher interest rates.

Mitigation Strategies

• £7.6m fundraising in June 2023 and £3.2m sale of Vertus in October 2023 to invest in remaining businesses.
• Focus on growing recurring revenues (software, licensing fees, game royalties).
• Competitive remuneration packages and employee policies to attract and retain skilled employees.
• Oxygen’s EP solution is increasingly attractive due to economic volatility and higher interest rates.

Supply Chain Management

Responsible Procurement

• Playstack will remain focussed on sustainability, choosing locally sourced suppliers for food and beverages in recyclable or reusable packaging

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA Corporate Governance Code

Sustainable Products & Innovation

• Oxygen’s Carbon Reporting tool
• Oxygen’s FreePay
• Satago’s invoice finance solutions
• Playstack’s games