Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced travel by over 97% due to Covid-19.
• Encouraged remote working to avoid travel.
• Encouraged use of public transport and car sharing.
• Operated a cycle to work scheme.
• Designed energy-efficient head office.
• Implemented switch-off policies and energy efficiency measures.
• Clear policy on plastic use, focusing on single-use plastics.
• Recycled waste materials using local facilities.
• Purchased energy-efficient and environmentally friendly products.
• Monitored energy usage within buildings.

Social Achievements

• Successfully adapted to remote working during the pandemic.
• Continued to serve customers without interruption.
• Won new business despite the pandemic.
• Net Revenue per employee grew by 4% to £69.8k.
• Adjusted EBITDA per employee reached £7.5k.

Governance Achievements

• Appointment of Caroline Ackroyd as CFO and to the Board.
• Successful business restructuring and reorganisation.
• Improved efficiencies in the business.
• Implemented revised operating structure focused on core client sectors.
• Regularly scheduled Board meetings include Health and Safety.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic and its impact on client and staff activity.
• Loss of key staff.
• Loss of business from clients.
• Changes in technology.
• Liquidity issues due to poor trading and cash flow.
• Compliance with regulations and changes in legislation.
• Significant wage inflation in the Sydney market due to border closures.

Mitigation Strategies

• Implemented measures to minimise the financial effect of reduced demand (Covid-19).
• Most staff able to work effectively from home.
• Continued to provide service and support to clients and add new business.
• Monitored staff well-being and provided support.
• Staged return to office under a hybrid model.
• Regular review of remuneration and incentive packages to retain key staff.
• Attractive and collaborative working environment.
• Focus on providing high-quality service to clients.
• Offering a wide range of services to existing and new clients.
• Restructured business sectors based on clients and markets.
• Efficiently aligned cost base with revenues.
• Investment in data science-led products and services.
• Close relationships with online media owners for early access to new developments.
• Specialist team focused on technology.
• Close monitoring of trading and cash flow performance.
• Prompt action to mitigate adverse trends.
• Engaging advisers in relevant specialisations for compliance.
• Experts in business areas ensuring client initiatives are compliant.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SECR

Environmental Metrics

ESG Focus Areas

• ESG-related risk assessment

Environmental Achievements

• Reduced carbon footprint through encouraging remote working, public transport, and discouraging domestic flights; implemented switch-off policies and energy-efficient practices; recycling and waste reduction initiatives.

Social Achievements

• Brought all UK employees together onto common contracts under one company; invested in experienced and less experienced recruits; Group revenue per employee grew by 13%.

Governance Achievements

• Adopted the QCA Corporate Governance Code; established a Remuneration Committee, Audit & Risk Committee, and Nomination Committee; regular Board meetings to oversee strategic decisions.

Climate Goals & Targets

Environmental Challenges

• Wage inflation in Australia due to border closures restricting migrant labor; potential recession in the UK and Australia; loss of key staff.

Mitigation Strategies

• Implemented cost savings measures in the UK (office closure, function merging); monitoring trading and cash flow performance closely; competitive remuneration and incentive packages to retain staff; strong focus on providing high-quality service to clients.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Streamlined Energy and Carbon Reporting (SECR) Regulations 2018, QCA Corporate Governance Code

Environmental Metrics

ESG Focus Areas

• Employee well-being
• Diversity and Inclusion
• Environmental Sustainability

Environmental Achievements

• Reduced total CO2e emissions from 96 tCO2e in 2022/23 to 85 tCO2e in 2023/24
• Implemented energy efficiency measures such as passive-stack ventilation, cycle to work scheme, and switch-off policies

Social Achievements

• Achieved Great Places to Work status in the UK (79% of employees believe Jaywing is a great place to work)
• Prioritizes employee health and wellbeing through programs like the My Health Advantage App and Bright TV
• Diverse workforce with 8% LGBTQ+ employees, 45% female representation, and 12% employees with a disability

Governance Achievements

• Adopted the QCA Corporate Governance Code
• Regularly reviews remuneration and incentive packages to retain key staff
• Maintains appropriate insurance to cover Directors’ and Officers’ liability

Climate Goals & Targets

Environmental Challenges

• Difficult economic conditions in the UK marketing sector
• Weaker markets in the UK
• Tight cash position
• Loss of key staff due to restructuring
• Economic and political uncertainty impacting discretionary spending

Mitigation Strategies

• Significant restructuring of the UK division to improve margin efficiency through cost reduction (annualised £1.6m reduction in FTE cost base)
• Cost control measures
• Focus on retaining core skills and talent
• Investment in talented people to ensure success in client service and delivery
• Enhanced sales and marketing strategy to attract and win new business
• Support from secured debt holders
• Remittances from the Australian division to support the UK division

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SECR

Sustainable Products & Innovation

• Decision (AI-based PPC automation tool)

Awards & Recognition

• Best Large Integrated Agency of the Year 2024 APAC Search Awards
• Performance Agency of the Year 2023 at the B&T Awards