Gaming Corps AB (Publ)
Climate Impact & Sustainability Data (2020, 2022, 2023)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Social Achievements
- Expanded operations with a team in Kiev, Ukraine.
Governance Achievements
- Secured ownership of the backend development and maintenance platform previously licensed.
Climate Goals & Targets
Long-term Goals:
- Become a 'Prime Mover' in the Gaming and iGaming markets within approximately 10 years.
Short-term Goals:
- Publish 2-3 Multiplier games within the iJect series before the end of 2021.
- Launch the first Blackjack game in the fall of 2021.
Environmental Challenges
- Supply chain disruptions due to the pandemic impacting integration with partners.
- Key employee illnesses due to the pandemic.
- Difficulties in maintaining planned development pace due to restructuring and platform rebuilds.
Mitigation Strategies
- Developed alternative sourcing strategies (direct integration model).
- Implemented remote work capabilities.
- Restructured the development team and platform, improving efficiency.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: K3
Third-party Assurance: Öhrlings PricewaterhouseCoopers AB
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Social Achievements
- Increased number of employees to 43 from 29, focusing on industry expertise in game development, compliance, design, and marketing.
Governance Achievements
- Established a new brand platform in late 2022, outlining the company's identity, values, and promises to investors and partners.
Climate Goals & Targets
Long-term Goals:
- To be a recognized driving force in the development of Gaming and iGaming markets within approximately 10 years.
Environmental Challenges
- Historically negative cash flow and potential future capital needs.
- Long and unpredictable lead times for product development and sales.
- Historically reported losses and uncertainty about future profitability.
- Risk of failing to adapt to new technologies.
- Dependence on key personnel.
- Vulnerability to system failures and security breaches.
- Exposure to legal and political risks.
- Potential failure to successfully manage growth and strategy.
- Operating in a competitive market.
Mitigation Strategies
- Increased collaboration with game development consultants and legal advisors.
- Active risk management.
- Exploration of new revenue-generating strategies.
- Focus on attracting and retaining key personnel.
- Implementation of measures to mitigate IT system risks.
- Continuous monitoring of legal and political changes.
- Proactive management of growth and expansion.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Regelefterlevnad (Compliance)
- Environmental Responsibility (limited, due to software nature of business)
- Social Responsibility (responsible purchasing and operations)
Governance Achievements
- Obtained ISO27001:2022 certification in December 2023
Environmental Challenges
- Historically negative cash flow and risk of future capital needs
- Long lead times for product development and sales
- Dependence on key personnel
- Vulnerability to system failures and security breaches
- Operating in a competitive market
Mitigation Strategies
- Actively seeking various financing alternatives
- Efforts to improve efficiency and identify cost reduction areas
- Focus on attracting and retaining key personnel
- Implementing measures to mitigate IT system vulnerabilities
- Continuously developing new attractive games and expanding partnerships