Climate Change Data

Thunderful Group AB

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1061.2 tons CO2e/year (transport)

ESG Focus Areas

  • Environment
  • People
  • Governance

Environmental Achievements

  • Started demanding emission reports for CO2 equivalents (CO2e) from the entire production and transport chain in accordance with EN 16258.
  • Entered into an agreement to install solar cells on the roof of the Group’s new distribution centre (to be finalized in autumn 2023).
  • Installed cooling radiators at its head office in Gothenburg, using district cooling and recovering heat for district heating.
  • Adapted the server hall to increased risks of floods and changing weather conditions.

Social Achievements

  • Launched a new onboarding programme for new employees.
  • Increased health and wellness allowance, allowing employees up to two hours a week for physical and/or mental health.
  • Published its Offensive Treatment Policy.
  • Sought to bring more women into its management team through targeted recruitment measures.
  • Delivered leadership training to increase Group companies’ ability to meet the needs of and encourage employees’ differences.

Governance Achievements

  • Applied a Group-wide Code of Conduct.
  • Implemented a Code of Conduct applicable to suppliers in the Distribution segment based on ICTI and BSCI requirements.
  • Continuously monitored all suppliers to ensure that factories have up-to-date certification or have signed and are in compliance with Thunderful Group’s Code of Conduct.
  • Implemented a zero tolerance policy in relation to corruption.

Climate Goals & Targets

Medium-term Goals:
  • Games segment to deliver annual organic sales growth exceeding 25 percent.
  • Distribution segment (excluding Nintendo) to deliver annual organic growth of 5–7 percent.
  • Games segment to maintain an adjusted EBITA margin of at least 35 percent.
  • Distribution segment to maintain an adjusted EBITA margin of 8 percent.
  • Implement a Group-wide and anonymous whistleblowing function.
Short-term Goals:
  • Reduce inventory levels.

Environmental Challenges

  • Supply chain disruptions in 2021 led to high inventory levels in early 2022.
  • Weak market demand for gaming accessories.
  • Global semiconductor shortage limited access to consoles.
  • Negative market sentiment.
  • High inventory levels in Amo Toys and Nordic Game Supply.
  • Weak profitability in the Games segment during the first half of the year.
Mitigation Strategies
  • Focused on reducing inventory throughout 2022.
  • Implemented cost efficiencies, including reductions in staff headcount at Nordic Game Supply and a warehouse move at Amo Toys.
  • Restructured Thunderful Games based on four clear revenue streams.
  • Strengthened marketing and production teams.
  • Improved purchasing processes for more precise forecasts and purchases.
  • Ensured cost-effectiveness of operations.

Supply Chain Management

Responsible Procurement
  • Code of Conduct for suppliers in the Distribution segment.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events affecting Distribution transports.

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ICTI, BSCI