CLIQ Digital AG
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Corporate Governance
Environmental Achievements
- Renovated or adapted working spaces in all office locations to improve energy efficiency.
- Collaborated with business partners to install green spaces and implement energy-saving standards.
- Uses cloud server infrastructure from a partner aiming for 100% renewable energy by 2025.
Social Achievements
- Employs 164 employees worldwide from 37 different nationalities.
- Provides a safe work environment, promoting work-life balance with initiatives like gym discounts and company events.
- Offers unlimited access to LinkedIn Learning and invests in learning & leadership programs.
Governance Achievements
- Improved timeliness and scope of quarterly financial reporting.
- Appointed a woman to the Supervisory Board.
- Will develop a consistent and transparent sustainability reporting system in 2023.
Climate Goals & Targets
Medium-term Goals:
- Achieve carbon neutrality (net-zero emissions) by 2029.
- Achieve management gender parity by 2029.
Environmental Challenges
- Intense competition in the streaming entertainment market.
- Dependency on technical developments and macroeconomic conditions.
- Dependency on external service providers for billing and technical fulfillment.
- Dependency on content suppliers and advertising companies.
- Evolving legal requirements and regulations.
- Risks related to third-party intellectual property rights.
- Cash flow risk due to capital-intensive marketing investments.
- Concentration risk in revenue collection through a single service provider.
- Foreign exchange risks and interest rate risks.
Mitigation Strategies
- Focus on value-for-money bundled streaming services to attract budget-conscious consumers.
- Established methods and instruments for reliable market entry and expansion.
- Strengthening relationships with existing service providers and developing contingency plans.
- Active cooperation with strong content suppliers to improve offerings.
- Regular monitoring of legal and regulatory changes and adaptation of business model.
- Strengthening policies around intellectual property rights.
- Diversifying income sources and improving payment collection frequency.
- Natural hedge for foreign currency risks.
- Careful financial management and securing new financing facilities.
Supply Chain Management
Responsible Procurement
- Actively seeks office suppliers with embedded green standards.
- Sustainably sourced coffee, tea, and snacks.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: Mazars GmbH & Co. KG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Sustainability
Social Achievements
- Group-wide sustainability project to build a consistent and transparent sustainability reporting system
Climate Goals & Targets
Medium-term Goals:
- Achieve a run rate during the fourth quarter of 2025 to realise an annual revenue of more than €500 million
Short-term Goals:
- Finalise initiatives launched in 2023, defining specific sustainability targets and preparing the first internal sustainability report in accordance with GRI standards
Environmental Challenges
- Elevated customer acquisition costs
- Slightly lower number of new members compared to the previous year
Mitigation Strategies
- Strategically focused on acquiring new members with a projected higher average lifetime value
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: CSRD, ESRS, GRI