GigaMedia Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Governance Achievements
- Adopted a written compensation recovery policy in October 2023.
Climate Goals & Targets
Environmental Challenges
- Increased energy costs, power outages, and limited availability of electrical resources.
- Intense competition in the digital entertainment market.
- Fluctuations in exchange rates between the U.S. dollar and other currencies.
- Reliance on third-party network suppliers and Google Cloud.
- Risks related to intellectual property infringement.
- Cybersecurity risks and data security breaches.
- Potential need for additional capital.
- Political instability and natural disasters in operating regions.
- Slower growth in the Greater China economy and global economic conditions.
Mitigation Strategies
- Using backup generators and power supplies to limit exposure to system downtime due to power outages.
- Investing in enhancing, improving, expanding, or upgrading services to maintain competitiveness.
- Developing versions of offerings for mobile phones and tablets.
- Implementing anti-fraud procedures to control losses from subscriber fraud and theft of service.
- Implementing cybersecurity processes and guidelines to mitigate risks of security breaches and cyber-attacks.
- Maintaining strong relationships with financial institutions to secure lines of credit.
- Monitoring investments for impairment and making appropriate reductions in carrying value.
- Maintaining cash and cash equivalents to fund operations and strategic transactions.