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