Climate Change Data

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.

Supply Chain Management

Climate-Related Risks & Opportunities