Devolver Digital, Inc.

Climate Impact & Sustainability Data (2022, 2023)

Planted 18,720 trees through partnership with Tree Nation, exceeding the target of offsetting 1,500 tonnes of CO2.

Donated US$15,000 to War Child and US$15,000 to Special Effect.
Pledged US$236,200 to various causes and initiatives (United Help Ukraine, Sunflower of Peace, Black Girls Code, etc.).
Sponsored events including NYC Game Awards, The Gayming Awards, Bitsommar, and Indie Dev Days (totaling US$14,500).

Adopted the Quoted Companies Alliance Corporate Governance (QCA) Code.
Established an Employee Benefit Trust (EBT) to facilitate stock option exercise.

Three underperforming titles in 2022.
Difficult market conditions in November and December 2022.
Substantial changes in global equity valuations, weaker recessionary and inflationary pressures, and demand uncertainty.
Development risks at Good Shepherd Entertainment (GSE) leading to restructuring.

Selective game cancellations and a reset of Good Shepherd.
Redirecting spending from cancelled titles to more commercially viable games.
Diversification of revenue sources (platforms, genres, geographies).
Strong back catalogue sales.
Restructuring of GSE, including appointment of a new General Manager and refocusing of business direction.

Frameworks Used: QCA Code

Invested $32,750 to offset environmental impact, planting over 38,000 trees, offsetting over 5,700 tonnes of CO2. Streamers planted an additional 48,000 trees related to Terra Nil launch.

Launched Spill, a mental health resource for employees.
Implemented enhanced compliance training programs.
Rolled out DEI training to employees.
Donated US$110k to charity (US$40k to War Child and Special Effect, US$70k to various causes including Turkey-Syria earthquake relief, Maui Wildfires, Games Harassment Hotline and The Museum of Human Achievement).

Strengthened operational oversight and integration efforts under the Chief Operating Officer.
Enhanced financial tracking and reporting at subsidiary levels.
Developed an acquisition integration plan.
Strengthened compliance efforts by hiring in-house capabilities in finance, legal and HR teams.

Quiet year for major releases (3 out of 11 total releases).
Significantly lower platform subscription/special deals signed.
Inflationary pressures and higher cost of living.
Demand uncertainty.
Increasing operational complexity and integration of acquired entities.
Compliance risks in tax, legal and HR domains.
Market changes including growth, new entrants, regulatory and geopolitical shifts.

Strong back catalogue performance (83% of revenues).
Strong production, publishing and marketing teamwork.
Strengthened operational oversight and integration efforts under the Chief Operating Officer.
Enhanced financial tracking and reporting at subsidiary levels.
Developed an acquisition integration plan.
Strengthened compliance efforts by hiring in-house capabilities in finance, legal and HR teams.
Monitoring market trends and diversifying revenue streams.
Embracing industry partnerships and new opportunities, such as Expandable Games.