Climate Change Data

Deezer S.A.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:35,057 KtCO2e in 2023
Scope 1 Emissions:17 KtCO2e in 2023
Scope 2 Emissions:127 KtCO2e in 2023
Scope 3 Emissions:34,913 KtCO2e in 2023

ESG Focus Areas

  • Social Responsibility
  • Environment
  • Governance
  • Stakeholder Relationships

Environmental Achievements

  • Measured first carbon footprint for 2022 and 2023 fiscal years.
  • Reduced power consumption of its infrastructure by approximately 13% in its main data center, and by approximately 8% in all its data centers in 2022.

Social Achievements

  • Launched Zen by Deezer, a sleep and meditation application.
  • Decreased staff turnover rate to 15.5% in 2023 (from 26.6% in 2022).
  • Increased percentage of women in the total workforce to 40% in 2023 (from 37% in 2022).
  • Implemented a mental health plan.
  • Launched a new allowance “sustainability mobility package” to reimburse the use of sustainable transports.

Governance Achievements

  • Reinforced its training program with e-learnings dedicated to anti-bribery and corruption, conflict of interests, insider trading and data protection.
  • Reviewed its Code of Ethics.
  • Improved governance practices to comply with the AFEP-MEDEF Code.

Climate Goals & Targets

Medium-term Goals:
  • Achieve a positive free cash flow in 2024 and a positive adjusted EBITDA in 2025.
Short-term Goals:
  • Environmental strategy refinement; carbon footprint assessment reconduction; internal working groups mobilization to improve and implement impactful actions.

Environmental Challenges

  • Competition from other audio streaming services.
  • Attracting and retaining consumers to its paid subscription service.
  • Maintaining license agreements with rights holders on acceptable terms.
  • Establishing and maintaining relationships with distribution partners.
  • Technology issues and disruptions.
  • Security breaches.
  • Fluctuations in currency exchange rates.
  • Payments-related risks.
  • Limited operating history and history of net losses.
  • Adapting to the complex and evolving regulatory framework.
Mitigation Strategies
  • Investing in advanced technological and research capabilities.
  • Implementing a multi-channel customer acquisition strategy.
  • Maintaining close relationships with rights holders.
  • Implementing measures to lower the risks of non-renewal of its strategic partnerships.
  • Implementing technical and organizational measures to ensure the ongoing availability, integrity and confidentiality of its IT environment.
  • Implementing monitoring procedures to anticipate consumers’ payment fraud.
  • Executing on its profitable growth strategy and focusing on cost and cash management.
  • Implementing internal legal monitoring to track the evolution of laws and regulations.
  • Conducting in-depth legal analysis before launching new products or services.

Supply Chain Management

Responsible Procurement
  • Ethical and equitable practices in the selection of suppliers; RFP process for strategic expenditures.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: AFEP-MEDEF Code

Third-party Assurance: Aca Nexia

Sustainable Products & Innovation

  • Zen by Deezer