Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste Management
• Responsible Products
• Employee Rights and Benefits
• Diversity and Inclusion
• Occupational Health and Safety
• Supply Chain Management
• Data Privacy and Security
• Business Ethics

Environmental Achievements

• Eradicated all single-use plastics from global offices.
• Partnered with UL to develop Product Category Rules for gaming products.
• Launched Kanagawa Wave Apparel Collection made from marine plastics.
• Partnered with ClearBot to clean marine waste with AI technology.
• Partnered with Panerai to protect the oceans and improve ocean literacy.
• Saved 900,000 trees through the Sneki Snek x CI campaign (aiming for 1,000,000).

Social Achievements

• Achieved Great Place to Work-Certified™ company status in the US, Germany, and Singapore.
• 76% of employees say it's a great place to work.
• Provided 1,827 hours of anti-corruption training.
• Average 5.8 training hours per employee.
• Launched Razer Progress Fund (USD 1,000 per employee annually for skill development).

Governance Achievements

• Established a Sustainability Workgroup led by the CEO.
• ESG performance will be incorporated into executive KPIs and corporate Balanced Scorecard in 2022.
• Established a Whistleblower and Complaint Policy.

Climate Goals & Targets

Environmental Challenges

• Transition risks: emerging regulations, technology changes, reputational risks, market shifts.
• Physical risks: acute environmental incidents (cyclones, hurricanes, typhoons), chronic risks (sea level rise, changing precipitation patterns).

Mitigation Strategies

• Clear product labeling to enhance transparency.
• Product design and engineering changes to meet regulations.
• Proactive engagement with stakeholders to manage reputational risks.
• Development of alternative sourcing strategies and logistical plans to mitigate physical risks.

Supply Chain Management

Supplier Audits: Monthly audits and visits; half-yearly business reviews; initial audit process for new suppliers.

Responsible Procurement

• Require ISO 9001, ISO 14001, and at least one of ISO 45001, SA8000, QC 080000, SMETA, or BSCI certifications.
• Zero tolerance for forced labor and child labor.
• Compliance with RoHS2, REACH, and WEEE regulations.

Climate-Related Risks & Opportunities

Physical Risks

• Tropical cyclones, hurricanes, typhoons
• Sea level rise
• Changes in precipitation patterns

Transition Risks

• Emerging regulations
• Technology changes
• Reputational risks
• Market shifts

Opportunities

• Using sustainable materials as a product differentiator
• Green investment opportunities
• Access to new markets

Reporting Standards

Frameworks Used: Hong Kong Stock Exchange’s ESG Reporting Guide, Global Reporting Initiative (GRI) Standards: Core option

Certifications: ISO 9001, ISO 14001, ISO 45001 (encouraged for suppliers)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)
• Goal 14 (Life below water)
• Goal 8 (Decent work and economic growth)
• Goal 15 (Life on land)

Razer's sustainability initiatives align with these goals through renewable energy adoption, waste reduction, climate action, ocean conservation, ethical labor practices, and biodiversity protection.

Sustainable Products & Innovation

• Products using PCR plastics; products with FSC-certified packaging; eco-friendly packaging materials.

Awards & Recognition

• Great Place to Work-Certified™

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste Management
• Product Sustainability
• Supply Chain Sustainability
• Employee Well-being
• Diversity and Inclusion
• Ethical Business Practices

Environmental Achievements

• Reduced electricity consumption by 23.5% compared to 2021 and 39.1% compared to 2019 baseline.
• Reduced fuel consumption by 96.4% compared to 2021.
• Introduced the world's first UL ECOLOGO certified gaming mice.
• Achieved 100% renewable energy across all offices (market-based).
• Launched Restorify, a traceable carbon-neutral checkout solution.
• Saved 1 million trees in partnership with Conservation International.

Social Achievements

• 72% of employees say Razer is a great place to work.
• Launched the "Champions Start from Within" esports wellness program.
• Released Season 2 of the Sneki Snek animated series on sustainability.
• Organized beach cleanups as part of the #GoGreenWithRazer initiative.
• Established the Razer Green Fund to invest in sustainability start-ups.

Governance Achievements

• Integrated ESG performance into incentive and bonus programs.
• Implemented a robust whistleblower and complaint policy.
• Adopted a zero-tolerance approach to bribery and corruption.
• Conducted 1,614 hours of anti-corruption and compliance training.

Climate Goals & Targets

Environmental Challenges

• Reducing Scope 3 emissions across the supply chain.
• Ensuring responsible sourcing of materials.
• Maintaining high ethical standards throughout the supply chain.
• Addressing the decrease in employee satisfaction (attributed to macroeconomic factors).

Mitigation Strategies

• Broadened Scope 3 emissions reporting to include downstream transportation, product use, and end-of-life treatment.
• Implementing a Design-for-Sustainability program.
• Conducting regular supplier audits and factory visits.
• Launching initiatives to improve employee well-being and collaboration (e.g., zActive program, Manager Enablement Series).

Supply Chain Management

Supplier Audits: Biannual audits and regular factory visits of top five contract manufacturers.

Responsible Procurement

• Requirement for ISO 9001, ISO 14001, and ISO 45001 certifications.
• Zero-tolerance policy for forced and child labor.
• Strict audit and disclosure process for new suppliers.
• Compliance with RoHS2, REACH, and WEEE regulations.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Changes in consumer behavior
• Regulatory changes

Opportunities

• Development of energy-efficient products
• Growth in the carbon offset market

Reporting Standards

Frameworks Used: GRI Standards: 2021, TCFD recommendations

Certifications: UL ECOLOGO, Great Place to Work (Singapore and Germany)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)
• Goal 8 (Decent work and economic growth)
• Goal 17 (Partnerships for the goals)

Razer's initiatives contribute to these goals through renewable energy adoption, sustainable product design, responsible supply chain management, climate action, and community engagement.

Sustainable Products & Innovation

• Razer DeathAdder V2X Hyperspeed
• Razer Ornata V3
• UL ECOLOGO certified gaming mice
• Products with PCR plastics

Awards & Recognition

• Great Place to Work Certification (Singapore and Germany)

Environmental Metrics

ESG Focus Areas

• Green Organization
• Green Products
• Green Community
• Green Investment

Environmental Achievements

• Achieved 100% renewable energy in all corporate offices in FY2022 (ahead of 2025 target)
• Launched products with UL ECOLOGO certification (first consumer electronics company)
• Incorporated recycled materials across entire mice, keyboard, and headset base model lineups
• Reduced use of non-biodegradable polyethylene foam bags in packaging for selected mouse models, replacing them with biodegradable bags
• Replaced expanded polyethylene cartons with recyclable paperboard or cardboard boxes for mice, system & system accessories, audio, streaming, and controller products
• Adopted soy ink printing on products

Social Achievements

• Launched zActive, a health and wellness program with 124 sessions and nearly 1600 hours of activity
• Conferred Asia’s Top Employer Award by The Influential Brand
• Employee Satisfaction Index increased to 70 (1-point increase from 2022)
• Launched “Champions Start from Within” esports wellness program
• Supported SG Women in Tech (SGWiT) Corporate Pledge Initiative

Governance Achievements

• Integrated ESG performance into incentive and bonus programs
• Strengthened governance frameworks for greater transparency and accountability
• Conducted first Climate Scenario Analysis
• Secured ISAE3000 limited assurance for ESG reports
• Implemented 454 hours of training in 2023 covering anti-bribery & corruption, anti-money laundering, countering the financing of terrorism, incident reporting, and compliance

Climate Goals & Targets

Environmental Challenges

• Increased energy and fuel consumption due to increased operational activity
• Supply chain disruptions due to increased temperatures and erratic weather patterns
• Increased demand and price of green commodities and critical materials for manufacturing
• Limited visibility across supply chains increases risk of non-compliance from contract manufacturers
• Increasing carbon taxes
• Increasing compliance costs resulting from requirements to disclose ESG and emission data

Mitigation Strategies

• Transitioning to energy-efficient LED lighting and motion sensors
• Reducing business-related air travel
• Installing window panel filters to regulate heat
• Measuring carbon emissions from employee commutes
• Integrating designs in new office locations to reduce environmental impact
• Implementing a Responsible Sourcing Framework and Compliance Manual for value chain partners
• Conducting biannual audits and regular factory visits of top five contractors
• Screening new suppliers using ISO14001 and ISO45001 criteria

Supply Chain Management

Supplier Audits: Biannual audits and regular factory visits of top five contractors; 100% of new suppliers screened using ISO14001 and ISO45001 criteria

Responsible Procurement

• Responsible Sourcing Framework and Compliance Manual
• Requirement for ISO 9001, ISO 14001, IECQ QC 080000 certifications
• Requirement for RBA or SMETA audits
• Compliance with RoHS2, REACH, and WEEE regulations

Climate-Related Risks & Opportunities

Physical Risks

• Increased temperatures and erratic weather patterns leading to sea-freight/aircargo disruptions

Transition Risks

• Increasing carbon taxes
• Increased demand and price of green commodities
• Increased compliance costs
• Regulation on product design
• Shifting consumer demands

Opportunities

• Increased demand and green premium revenue from sustainable products/services
• Reduced carbon emissions from manufacturing and packaging

Reporting Standards

Frameworks Used: GRI Standards: 2021, TCFD recommendations, ESRS (partial alignment)

Certifications: ISO 14001 (Singapore HQ), ISO 45001 (Singapore HQ), UL ECOLOGO

Third-party Assurance: Grant Thornton Audit LLP (limited assurance)

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)
• Goal 8 (Decent work and economic growth)
• Goal 17 (Partnerships for the goals)

Initiatives mapped to relevant SDGs throughout the report

Sustainable Products & Innovation

• Razer Basilisk V3 Pro and Razer Basilisk Ultimate with UL-certified EPDs
• Products with recycled materials

Awards & Recognition

• Asia’s Top Employer Award