Climate Change Data

Technicolor Creative Studios Société Anonyme

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Capital humain
  • Droits humains et conditions de travail
  • Changement climatique
  • Économie circulaire
  • Sécurité des contenus, cyber-risques et respect de la Propriété intellectuelle
  • Équité des pratiques commerciales

Social Achievements

  • Attracting and developing a diverse community of creative talents.
  • Ensuring a safe, healthy and diversity-friendly work environment.

Governance Achievements

  • Updated several key policies, including a policy on professional whistleblowing, an anti-corruption policy and manual, and a policy establishing ethical sourcing.

Climate Goals & Targets

Environmental Challenges

  • Unprecedented post-Covid recovery challenges and related operational issues leading to increased costs and production delays.
  • Significant shortage of experienced talent leading to delays in ongoing projects and the start of new projects.
  • Internal restructurings within MPC and The Mill post-Covid-19.
  • Significant debt level (IFRS gross debt of €776 million at the end of December 2022).
Mitigation Strategies
  • Implementation of the Re*Imagined program focusing on operational management, talent retention/attraction, and performance and cash management.
  • Appointment of Caroline Parot as interim CEO and Hugues de Nicolay as interim CFO.
  • Appointment of Simon Presswell as interim COO and Transformation Officer.
  • Launch of an independent review to analyze the situation and identify areas for improvement.
  • Establishment of an ad hoc committee to oversee the independent audit and recovery actions.
  • Conclusion of a principle agreement with a large majority of shareholders and lenders on a new financing structure providing approximately €170 million in liquidity.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Visual Effects Society (VES) Award
  • César Award