Cyber Security 1 AB (Publ)
Climate Impact & Sustainability Data (2023-07 to 2023-09)
Reporting Period: 2023-07 to 2023-09
Environmental Metrics
ESG Focus Areas
- Economic sustainability
- Social development
Social Achievements
- Achieved B-BBEE level 1 status in South Africa, confirming commitment to economic sustainability and transformative role in South Africa. This includes significant revenue growth, access to finance, and submission for cyber security tenders.
Governance Achievements
- Formally closed its American Depositary Receipt program.
Climate Goals & Targets
Environmental Challenges
- Delayed revenue growth in Q3 due to procurement delays in large key deals and restructuring in the Middle East.
- Competitive market conditions, macro environmental pressures, rising costs and inflation placing stress on free cash flow.
Mitigation Strategies
- Focused cost containment measures resulting in a 7% decrease in operating expenditure.
- Streamlining cash flow efficiencies through optimized accounts receivable processes and expense reduction strategies.
- Renewed focus on niche technical products and proliferation of Next-Gen SOC services.