Climate Change Data

World Chess Plc

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1249.3 tCO2e/year
Scope 2 Emissions:11.5 tCO2e/year
Scope 3 Emissions:1238.8 tCO2e/year
Total Energy Consumption:2,299,533 kWh/year
Carbon Intensity:447 tCO2e per €m revenue

ESG Focus Areas

  • Climate Change
  • Governance
  • Social Responsibility

Environmental Achievements

  • Adopted practices to conserve energy, water, and reduce waste, including using recyclers and refurbished equipment. Implemented flexible working practices to reduce business travel and commuting. Established a permanent event space in Berlin to reduce energy-intensive construction and deconstruction of event spaces for individual tournaments.

Social Achievements

  • Established Chess & Co. to partner brands with individual chess players, supporting the chess community.
  • Promotes a policy for the creation of equal and ethnically diverse employment opportunities.

Governance Achievements

  • Adopted the Quoted Companies Alliance Corporate Governance Code 2018.
  • Implemented anti-corruption and anti-bribery training for all staff and contractors.
  • Established a whistleblowing policy.

Climate Goals & Targets

Environmental Challenges

  • Reduced revenue due to the disposal of the World Chess Club Moscow and a reduction in sponsorship revenue.
  • Increased supply chain and logistics costs affecting the merchandise business.
  • Subscriber growth and platform stability.
  • Data security.
  • Anti-cheating measures.
  • Adoption issues with online ratings.
  • Reliance on certain key individuals.
  • Supply chain disruption caused by climate-related risks.
  • Changing weather patterns and an increase in natural and macroeconomic crises.
Mitigation Strategies
  • Investment in the FIDE Online Arena and the World Chess Club in Berlin.
  • Appointment of a new Head of Governance Risk and Compliance.
  • Use of state-of-the-art anti-cheating and fair play technologies.
  • Incentivising players to participate in over-the-board chess tournaments.
  • Developing business continuity planning.
  • Addressing climate-related risks and opportunities to maintain stakeholder reputation.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Increased likelihood and severity of macroeconomic and natural crises
  • Changing weather patterns
Transition Risks
  • Increased cost and availability of resources
Opportunities
  • Reduced travel due to online platform

Reporting Standards

Frameworks Used: TCFD, QCA Code, Section 172 of the Companies Act 2006, Streamlined Energy & Carbon Reporting (SECR)

Third-party Assurance: Moore Kingston Smith LLP

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1769.0 tCO2e/year
Scope 2 Emissions:52.1 tCO2e/year
Scope 3 Emissions:1716.9 tCO2e/year
Total Energy Consumption:8,366,713 kWh/year
Carbon Intensity:754 tCO2e per €m revenue in 2023

ESG Focus Areas

  • Climate Change
  • Governance
  • Social Impact

Environmental Achievements

  • Established a permanent tournament venue (World Chess Club Berlin) to reduce the energy-intensive process of building and decommissioning temporary event spaces.
  • Adopted practices to conserve energy, water, and reduce waste, including using recyclers and refurbished equipment.
  • Utilized online collaboration tools and flexible working practices to reduce business travel and commuting.

Social Achievements

  • Launched online tournament series, ‘Swiss Queens Wednesday,’ to address gender disparity in chess participation.
  • Promotes a policy for the creation of equal and ethnically diverse employment opportunities.
  • Promotes and encourages employee involvement.

Governance Achievements

  • Implemented anti-corruption and anti-bribery training for all staff and contractors.
  • Established a whistleblowing policy.
  • Adopted the Quoted Companies Alliance Corporate Governance Code 2018.

Climate Goals & Targets

Environmental Challenges

  • Subscriber growth depends on product quality, user experience, and broader market trends.
  • Platform stability relies on reliable infrastructure and content delivery.
  • Data security requires compliance with data protection laws.
  • Anti-cheating measures require constant improvement and investment.
  • Reliance on a small number of key management personnel.
  • Impact of inflation and higher interest rates.
Mitigation Strategies
  • Significant upgrades to the FIDE Online Arena (Arena 2.0).
  • Appointment of a new Head of Governance Risk and Compliance.
  • State-of-the-art anti-cheating technology (NightWatch).
  • Incentivizing players to participate in over-the-board chess.
  • Annual risk assessment and reporting by the Audit Committee.
  • Developing additional KPIs to reflect customer satisfaction and churn rate.

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks
  • Supply chain disruption
  • Changes in customer and stakeholder behavior
Opportunities
  • Creating a permanent tournament venue to reduce energy consumption.

Reporting Standards

Frameworks Used: TCFD, QCA Code