Climate Change Data

Nitro Games Oyj

Climate Impact & Sustainability Data (2020, 2021, 2022, 2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Personnel and competence development
  • Social responsibility
  • Environmental impact minimization

Environmental Achievements

  • Not disclosed

Social Achievements

  • Improved efficiency by shifting to remote work during the pandemic, strengthening the team with key hires, and utilizing outsourced services effectively.
  • Increased workforce diversity: 17% women (13% in 2019), 27% foreign employees (23% in 2019).

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • COVID-19 pandemic impacting business development (face-to-face meetings impossible), causing uncertainty in B2B market related to new project investments.
Mitigation Strategies
  • Quickly shifted to remote working, strengthened business development capabilities with additional resourcing, reworked B2B materials for remote use, received a grant of EUR 98 thousand from Business Finland to mitigate the impacts of COVID-19 to the B2B service business.

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: Finnish Accounting Standards (FAS)

Certifications: Null

Third-party Assurance: Idman Vilén Grant Thornton Oy

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Social Responsibility
  • Personnel Well-being
  • Sustainable Development

Environmental Achievements

  • Not disclosed

Social Achievements

  • Invested heavily in workplace training for staff, coaching for supervisors and improving well-being at work.
  • Offered employees extensive occupational health services and various sports, cultural and recreational opportunities.

Governance Achievements

  • Complied with applicable legislation and FFSA standards, Nasdaq’s insider guidelines and the Company’s own insider guidelines.
  • Maintained an insider register in accordance with Market Abuse Regulation (MAR).

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Risks related to the company’s position, financing the development of services and games, personnel, and the reorganization of production infrastructure.
  • Maintaining the company’s financial performance, continuous development and preserving the activity of the company’s priority game.
  • Forecast accuracy of revenue models and their impact on profits.
  • New games launched by competitors and changes in the competitive settings.
  • Delays in game development and releases.
  • Risk that end results of development projects will not produce desired commercial success.
  • Impact of the COVID-19 pandemic on the global economy.
Mitigation Strategies
  • Strengthened business development capacities with additional resourcing and modified its production model to prepare B2B materials suitable for remote use.
  • Organized activities to minimize risks associated with development.
  • Actively looking for measures to minimize the impact to its operations.
  • Acquired standard interruption and property insurances to safeguard its business activities.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Company strives to cooperate with reputable, both environmentally and socially responsible operators.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Finnish Accounting Standards (FAS)

Certifications: Null

Third-party Assurance: Idman Vilén Grant Thornton Oy

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Employee well-being
  • Diversity and Inclusion
  • Sustainable Development

Social Achievements

  • Strengthened its capabilities in 2022 through selected key hires for leading positions, as well as by expanding its network of external partner studios.
  • Improved employee well-being, with quarterly surveys showing results consistently better than the average for Finnish companies.
  • Increased percentage of women employees to 20% (from 14% in 2021).

Governance Achievements

  • The Board of Directors convened 18 times in 2022.

Climate Goals & Targets

Environmental Challenges

  • Snap discontinuing its games business, resulting in the cancellation of four instant game projects.
  • War in Europe, inflation, and fundamental changes in the mobile marketing landscape.
Mitigation Strategies
  • Portfolio strategy and smart scalable way of working helped navigate through uncertainty.
  • Controlling marketing spend to avoid too much risk while working towards performance targets for NERF: Superblast.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Diversity
  • Employee Well-being
  • Sustainable Development

Social Achievements

  • Increased percentage of women employees to 29% (from 20% in 2022)
  • Improved employee well-being scores consistently above the Finnish average.
  • 100% employment rate for internship program.

Governance Achievements

  • Compliance with Finnish law, the Finnish Companies Act, the Accounting Act, IFRS standards and First North's rules.

Environmental Challenges

  • Risks related to the company’s position, financing the development of services and games, personnel, and the reorganization of production infrastructure.
  • Maintaining financial performance and continuous development and sustaining the activity of the flagship game in the company’s market.
  • Economic and political uncertainty in Europe and worldwide.
  • Risks in user acquisition investments related to the forecast accuracy of revenue models.
  • New games launched by competitors and changes in the competitive settings.
  • Risk that development projects will not produce desired commercial success.
Mitigation Strategies
  • Step-by-step improvements to seek stable growth.
  • Focus on profitability by limiting marketing investments (NERF: Superblast).
  • Expansion of services to multiplatform game development.
  • Risk mitigation through high-status, commercially viable game development projects from other companies.
  • Standard interruption and property insurance.
  • Organizing activities to minimize risks associated with development.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: MOORE Idman Oy