Climate Change Data

Environmental Metrics

Social Achievements

• Bango is committed to following the applicable employment laws in each territory in which it operates. Bango is committed to fair employment practices including the prohibition of all forms of discrimination and attempts as far as possible to give equal access and fair treatment to all employees on the basis of merit. Wherever possible Bango provides the same opportunities for disabled people as for others. If employees become disabled Bango would make reasonable effort to keep them in employment, with appropriate training where necessary. Bango supports the training needs of its staff and actively works to provide on the job and external training to continue the development of all staff.

Governance Achievements

• The Board is responsible for the overall management of Bango, its strategy and long-term objectives. The Board provides leadership to Bango, based on the best interests of shareholders. The Board has a formal list of matters specifically reserved for its decisions and delegates authority to its various committees as required.

Climate Goals & Targets

Environmental Challenges

• Liquidity risk
• Employee retention
• Currency risk
• Platform risk
• Diversity of customers
• Personal data risk
• Technology risk

Mitigation Strategies

• Bango has adequate resources to continue in operational existence for the foreseeable future. The Directors expect the current level of investing activities to continue which is supported by the additional funding secured by the FY2018 placement to support the development of Bango Deep and Audiens in FY2018.
• Bango provides an excellent working environment and benefits, including a share option scheme.
• Regular reviews of the impact of dramatic currency swings are undertaken to plan against any significant risks to Bango if these were to happen.
• The availability and stability of the platform is managed by closely reviewing the performance of the platform and stress testing the platform to ensure that there is huge capacity to scale.
• Bango has secured deals with leading stores and expects diversity of customers and operators to continue.
• Extensive testing of Bango by its major partners as part of ongoing supplier audits, minimization of such data, and the unique way Bango technology is used, gives assurance that this risk is appropriately mitigated.
• Continued investment in Research and Development (R&D), combined with regular technology reviews with trading partners and sector specialists.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: Grant Thornton UK LLP

Awards & Recognition

• ‘Most Innovative DCB Technology’ award at the Global Direct Carrier Billing Awards 2017

Environmental Metrics

ESG Focus Areas

• Protecting the environment
• Employee engagement, diversity and inclusion
• Data security
• Governance

Environmental Achievements

• Achieved carbon-neutral certification to PAS 2060 standard for 2020.
• Offset emissions in 2020 using 321 Verified Carbon Units (VCUs) carbon credits.
• Introduced paperless systems to reduce waste.
• Provided all employees with reusable drink bottles and coffee cups.

Social Achievements

• Recorded highest employee engagement score (78%) in 2020, a 7% increase year-on-year.
• Maintained flexible working culture and provided support during lockdowns.
• Introduced employee long service awards.
• Supported employee fundraising for various charities, matching donations.

Governance Achievements

• Achieved 100% completion of mandatory security training programs.
• No reported data breaches in 2020.
• Migrated to a new corporate platform providing best-in-class security.
• Regular third-party penetration tests and vulnerability testing.

Climate Goals & Targets

Environmental Challenges

• Reducing scope 1, 2, and material scope 3 emissions.
• Encouraging 100% investor switch to paperless communications.
• Maintaining high employee engagement scores.

Mitigation Strategies

• Target to lower total emissions by at least 7% in 2021.
• Incentivizing paperless communication for investors.
• Regular engagement surveys and actions based on feedback.
• Providing support and resources for employees during lockdowns.

Supply Chain Management

Responsible Procurement

• Executive sponsors for key suppliers to ensure close partnerships.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: PAS 2060

Certifications: Carbon Neutral (PAS 2060)

Third-party Assurance: Go Green Experts Ltd