VIVID GAMES S.A.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- The company disposes of used IT equipment to entities specializing in the recycling of devices, verifying their appropriate certification, while taking care of the environment.
- Ongoing analysis of costs associated with energy, water, and waste management to implement solutions aimed at reducing resource consumption and waste production.
Social Achievements
- Created a Culture Guide emphasizing respect for diversity and non-discrimination among employees and contractors.
- Employees are encouraged to participate in various charitable activities.
- Simplified recruitment process for potential employees from war-torn areas of Ukraine.
Governance Achievements
- The company implements the majority of the DPSN 2021 principles for companies listed on the Warsaw Stock Exchange.
- In the recruitment for a vacant position on the Supervisory Board, preference was given to female candidates with equal qualifications, resulting in the appointment of the first female member to the board.
Climate Goals & Targets
Environmental Challenges
- Difficult global situation in the gaming market leading to a decrease in sales revenue.
- Deteriorating market conditions in user acquisition (UA) due to changing regulations regarding user privacy.
- Decreasing profitability of the Eroblast title due to external factors related to sales channels and the paid user acquisition market.
- Failure to receive funding from NCBiR for the Blast technology project, resulting in a lawsuit.
- Negative market sentiment towards the gaming industry.
Mitigation Strategies
- Reduced the Eroblast project team and reassigned some members to work on new titles.
- Implemented cost-cutting measures, including a reduction in user acquisition spending.
- Filed a lawsuit against NCBiR.
- Continued development of Real Boxing 3 and strategic partnerships.
- Strengthening the company's financial stability.