Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Implemented a change management program to integrate people, processes, and systems following the Blake eLearning acquisition.
• Amalgamated Finance, People, and Administration functions.

Governance Achievements

• Significant Board renewal with three new directors joining.

Climate Goals & Targets

Environmental Challenges

• Merging cultures of 3P Learning and Blake eLearning.
• Head office closures and travel restrictions due to Covid-19.
• Redundancies and reassignments of roles during the acquisition and integration.

Mitigation Strategies

• Implementation of a change management program to integrate people, processes, and systems.
• Plan to amalgamate Sydney head offices in the second half of 2022.
• Focus on taking the best of both companies to create an even better one.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Diversity and Inclusion
• Privacy and Data Security
• High-Performance Culture

Social Achievements

• Achieved 58% female representation globally in the workforce as of June 30, 2022.
• Board composition was 40% female, with Board Committees at 50% female.
• Senior leadership team had 56% female representation globally.
• Diversity and inclusion statements in employee engagement surveys rated at 85% on average.
• Flexible working metrics rated highest in employee engagement survey (94%), exceeding benchmarks.
• Implementation of a formal leadership development program focused on diversity and inclusion.

Governance Achievements

• Appointment of a Senior Independent Director (Allan Brackin) to address potential conflicts of interest.
• Establishment of a People and Culture Committee (P&CC) and an Audit and Risk Committee.
• Adoption of a Code of Conduct, Whistleblower Policy, and Anti-bribery and Corruption Policy.
• Regular performance evaluations of the Board, Committees, and Directors.
• Annual performance assessment of the CEO with assistance from the P&CC.

Climate Goals & Targets

Environmental Challenges

• Maintaining a diverse and inclusive workplace.
• Managing privacy and data security risks.
• Building and maintaining a high-performance culture.
• Adapting to changes in the industry and market.

Mitigation Strategies

• Implementation of various initiatives to promote diversity and inclusion (e.g., employee feedback, flexible working, pay equity, leadership development, recruitment strategies).
• Use of risk management framework, including periodic reviews, controls, training, policies, and audits to manage privacy and data security risks.
• Implementation of a multi-faceted People and Culture plan, employee engagement platform, global benefits review, and linking remuneration to company performance.
• Close engagement with governing bodies, monitoring policy changes, customer feedback, and participation in industry events to manage industry/market changes.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Diversity and Inclusion
• Privacy and Data Security
• High-Performance Culture
• Risk Management

Social Achievements

• Increased female representation at Board (33%), Senior Leadership (58%), and globally (57%).
• Employee engagement survey results showing high scores for belonging (88%), equal opportunity (88%), respect for diversity (84%), and authenticity (88%).
• High ratings for flexible working arrangements (above 90%).
• Implementation of a formal leadership development program focused on diversity and inclusion.
• Introduction of 3P Days, providing 3 additional days of paid leave for personal pursuits.

Governance Achievements

• Established People and Culture Committee (P&CC) with responsibilities for director and senior executive appointments, board evaluations, and remuneration.
• Appointment of Allan Brackin as Senior Independent Director.
• Adoption of a Code of Conduct, Whistleblower Policy, and Anti-bribery and Corruption Policy.
• Annual performance assessment of the CEO and senior executives.
• Self-evaluation of the Board and its committees.

Climate Goals & Targets

Environmental Challenges

• Maintaining a diverse and inclusive workplace.
• Managing privacy and data security risks.
• Building and maintaining a high-performance culture.
• Adapting to changes in the industry and market.

Mitigation Strategies

• Implementation of various diversity and inclusion initiatives (recruitment, flexible working, pay equity, leadership development).
• Risk management framework including periodic reviews, controls, training, and audits.
• Employee engagement surveys and a People and Culture strategy.
• Close engagement with governing bodies, monitoring policy changes, customer feedback, and participation in industry events.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Diversity
• Community Investment
• Digital Environment Safety
• Data Security

Social Achievements

• Provision of 2,628 free product licences to schools in need
• Partnership with Click Foundation Learning in South Africa, resulting in over 200,000 students accessing Reading Eggs annually and over 700 jobs created.
• Continued workplace giving program supporting children's wellbeing charities.

Governance Achievements

• Continued commitment to workplace diversity and inclusion, meeting gender diversity targets at Board, senior leadership, and company levels.

Climate Goals & Targets

Environmental Challenges

• Sales growth in the schools market was hard to achieve, especially in North America.
• Schools wanted full curriculum coverage before making buying commitments.
• Needed to rethink sales model and team structure due to a wider range of programs.
• Tougher economic environment for parents subscribing to B2C programs.
• Low growth in B2B revenue over the past three years.

Mitigation Strategies

• Restructured APAC sales team to increase frontline sales positions responsible for both renewal and new business.
• Launched the 3 Essentials suite of programs to increase sales.
• Implemented cost reduction measures, achieving annualised savings of $5m from March 2024.
• Tight cost control to improve gross margins in B2C.
• Review and simplification of business processes, sales team structure, pricing, and administration tasks to enhance profitability and efficiency.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• EdTech Awards 2024 Finalist (Mathseeds)
• ISTE Seal of Alignment (Mathletics)