LoopUp Group plc
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:37.5 tCO2e/year
Scope 2 Emissions:37.5 tCO2e/year
Total Energy Consumption:177 MWh/year
ESG Focus Areas
- Environment
- Social
- Community
Environmental Achievements
- Increased the number of employees that work remotely, resulting in reduced energy consumption and costs. Reduced the need for employee travel, especially international trips.
Social Achievements
- Launched the LoopUp Employee Share Incentive Scheme (ESIS), with approximately 80 employees participating. Maintained 46% female employees. 86% of employees have over 2 years’ service.
- Silicon Valley Internship Programme (SVIP) continued to support graduate development and diversity in the tech industry.
Governance Achievements
- Continued to report against the Quoted Companies Alliance Corporate Governance Code (QCA Code).
Climate Goals & Targets
Short-term Goals:
- Cloud Telephony: targeting 50 additional enterprise contract wins in 2022.
- Hybridium: targeting 8 contract wins in 2022.
- Launch of a London facility for LoopUp-managed events.
Environmental Challenges
- Competition and technological change in dynamic software technology and telecommunications markets.
- Difficulties in retaining senior staff and recruiting appropriate employees.
- Key system failure or disruption.
- Product development challenges (undetected defects).
- Intellectual property challenges.
- Foreign exchange fluctuations.
- Decline in Remote Meetings business due to enterprises embracing more holistic Unified Communications platforms.
Mitigation Strategies
- Active product development and technology acquisition.
- Appropriate incentivisation structures to attract and retain employees.
- Redundancy and resiliency in network operations, ISO 27001 certification, and a Service Event Response Team (SERT).
- Rigorous quality assurance cycles and internal user acceptance testing.
- Active policy regarding patents and trademarks.
- US Dollar costs and revenues are broadly aligned.
- Strategic transition to grow Cloud Telephony and Hybridium businesses.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:37.5 tCO2e/year
Scope 2 Emissions:37.5 tCO2e/year
Total Energy Consumption:177 MWh/year
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Signed up to a target of achieving Net Zero emissions by 2040
Social Achievements
- Launched the LoopUp Employee Share Incentive Scheme (ESIS), with approximately 80 employees participating.
- 40% female employees
- Silicon Valley Internship Programme (SVIP) continued
Governance Achievements
- Reports against the Quoted Companies Alliance Corporate Governance Code (QCA Code)
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions by 2040
Environmental Challenges
- Competition and technological change
- Difficulties in retaining senior staff and recruiting appropriate employees
- Key system failure or disruption
- Product development defects
- Intellectual property challenges
- Foreign exchange fluctuations
Mitigation Strategies
- Active product development and technology acquisition
- Appropriate incentivisation structures
- Redundancy and resiliency in network operations, ISO 27001 certified, Service Event Response Team (SERT)
- Rigorous quality assurance cycles and internal user acceptance testing
- Active policy regarding patents and trademarks, robust contracts with software licensors
- Broadly aligned US dollar sales and operations
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Streamlined Energy and Carbon Reporting (SECR)
Certifications: ISO 27001