Geo Limited

Climate Impact & Sustainability Data (2019)

Invested in around-the-clock customer service, with teams located in Manila and Sydney. This is a key differentiator in Geo’s journey to become a sticky productivity tool for businesses with distributed workforces.
52% of the Company’s employees were female, and 100% of its officers were female (being the CEO and direct reports with key functional responsibility).

Adopted a Code of Ethics, Whistleblowing Policy, and Securities Trading Policy.
Established guidelines in regard to remuneration in a recently adopted Remuneration Policy.
Formal Takeover Response Policy has recently been adopted.
External Auditor Independence Policy has been adopted.

Software development delays resulted in taking several months longer than expected to achieve market readiness for the new Geo application.
Did not meet financial targets due to software development delays and market launch.
Maintained higher overheads than anticipated for the second half of the 2019 financial year during a period of lower-than-anticipated growth.
Geo for Sales subscription revenues fell by 6.2% and year end licence numbers closed at 905, down by 31.7% on 30 June 2018 levels. Much of this movement is attributable to changes in field marketing activity by large energy retailer customers as they prepared for regulatory change in the Australian State of Victoria.

Measures put in place to get back on track.
Reactivated digital sales and marketing programmes.
Non-Executive Director Rod Snodgrass working closely with Kylie O’Reilly to drive short-term growth.
Agreement with major shareholder North Ridge Partners to subscribe for a $1.5 million convertible note with up to $2.0 million available by agreement.
Launched a sale and/or buyback of small shareholdings to streamline its register and reduce both administration costs and trading volatility.
Focus on core Geo product in 2020.

Climate Change Data