0

Clipboard:

Carbon footprint and environmental impact

Since 2016, we present data proving our efforts to reduce, inter alia, raw materials used or waste produced. To make our business more environmentally sustainable, in 2021 we calculated the carbon footprint for the entire Agora Group (in scope 1 and 2) and we identified the risks, opportunities and threats to our organization.

6 - Clean water and sanitation
6 - Clean water and sanitation

Clean water and sanitation

  • taking care of water and monitoring water consumption
7 - Affordable and clean energy
7 - Affordable and clean energy

Affordable and clean energy

  • striving for energy efficiency
  • optimization of non-renewable energy consumption through pro-ecological activities and introduction of new solutions
  • gradual increase in the share of renewable energy sources until the operational energy needs are fully met
11 - Sustainable cities and communities
11 - Sustainable cities and communities

Sustainable cities and communities

  • co-creating smart cities thanks to ecological, interactive and functional solutions
  • activities for sustainable cities and their inhabitants, addressing the most important topics related to cities
12 - Responsible consumption and production
12 - Responsible consumption and production

Responsible consumption and production

  • measuring the environmental and social footprint throughout the life cycle of products and activities, and publishing information on this in regular reports
  • reducing the environmental impact of production processes and the availability of natural resources
13 - Climate action
13 - Climate action

Climate action

  • improving energy efficiency, using energy-saving installations, striving for energy independence and using renewable energy
  • joining a wide, nationwide and multi-sectoral cooperation for the purpose of counteracting climate change and adapting Polish cities to these changes
  • education and reliable information in the media on climate change
  • estimating the impact of activities on the climate
  • solutions and actions to minimize the negative impact on the environment
15 - Life on land
15 - Life on land

Life on land

  • development of products and services manufactured in a way that is harmless to the environment and nature, e.g. from recycled materials
  • limiting the use of water in production processes
  • THE ACTIVITIES’ IMPACT ON THE CLIMATE
  • COMPLIANCE WITH EU TAXONOMY
  • ANALYSIS OF RISKS AND OPPORTUNITIES RELATED TO THE CLIMATE

Choose a topic:

Download Download

In line with the idea of sustainable development and the adopted strategic directions of responsibility, we have been developing environmental protection activities in the Agora Group for many years. These are both our internal actions regarding energy saving, waste segregation or changing everyday habits into more ecological ones, but also investments in the buildings we administer, as well as promotion and initiation of pro-environmental projects in the media.

Key areas of the Agora Group's environmental impact based on the United Nations Sustainable Development Goals:

Like any organization, the Agora Group also influences the climate through greenhouse gas emissions resulting from its direct operations, including burning fuels in facilities or cars, using electricity in offices, generating waste and producing newspapers, books or advertisements.

Taking into account the specific nature of the company's operations and the industry in which it is present, we have defined the basic areas of the Group's direct impact on the climate. Those are:

  • non-renewable energy consumption;
  • water consumption;
  • production of sewage and waste;
  • waste and recyclable materials management.

 The actions we take to protect the environment include:

  • investment in renewable energy sources (RES);
  • limiting the production of sewage and waste;
  • limiting water consumption.

Since 2016, we have been presenting data proving our efforts to reduce, among others, the raw materials used or the waste produced. To make our business more environmentally sustainable, in 2021 we calculated the carbon footprint for the entire Agora Group (in scope 1 and 2) and we identified the risks, opportunities and threats to our organization. The data presented in this report will be the starting point for the creation of the "Environmental and climate policy of Agora S.A.". It will be based on the current "Environmental Policy of Agora S.A.".

The following environmental data refer to the information for the period from 1 January to 31 December 2021 and concern the following companies: Agora S.A., Helios S.A., NEXT FILM Sp. z o. o., Next Script Sp. z o. o., Step Inside Sp. z o. o., AMS S.A., AMS Serwis Sp. z o. o., Optimizers Sp. z o. o., Piano Group Sp. z o.o., Plan D Sp. z o. o., Yieldbird Sp. z o. o., HRlink Sp. z o. o., Goldenline Sp. z o. o., Grupa Radiowa Agory Sp. z o. o., Doradztwo Mediowe Sp.  z o. o., IM 40 Sp. z o.o. and Inforadio Sp. z o.o.

AGORA

AGORA

ENERGY

Tabele: Energy purchased by the Agora Group in 2021.

Zakupiona energia nieodnawialna przez Grupę Agora w 2021 r.

Unit Agora S.A. Agora Group
Electricity MWh 15 638.2 36 838.2
including the percentage of electricity generated from renewable energy sources % 40.5 20.3
Thermal energy MWh 12 896.1 14 500.5
including the percentage of thermal energy from renewable energy sources % 0.00 0.00
Total purchased energy (electricity and thermal) MWh 28 534.3 51 338.7
including percentage of purchased energy (electricity and thermal) from renewable energy sources % 22.2 14.6

Data from HR departments of Agora Group companies.

Tabele: Energy from renewable and non-renewable energy sources in the Agora Group in 2021

Energia z odnawialnych i nieodnawialnych źródeł energii w Grupie Agora w 2021 r.

Unit Agora S.A. Agora Group
Energy from all renewable sources (fuel and purchased) MWh 3 254.2 7 572.5
The percentage of energy from renewable sources % 5.3 8.8
Energy from all non-renewable sources (fuel and purchased) MWh 58 514.5 78 242.0
Percentage of energy from non-renewable sources % 94.7 91.2
Total energy from all sources MWh 61 768.6 85 814.4

RENEWABLE ENERGY SOURCES IN AGORA

Agora uses renewable energy sources, using renewable energy. In April 2020, on the roof of Agora's Warsaw headquarters at Czerska 8/10 street, we installed photovoltaic panels. Thanks to this investment and the use of renewable energy sources (RES), CO2 emissions have been significantly reduced, which has a positive effect on the quality of local air. From January to the end of December 2021, Agora produced 86.8 MWh of green energy, which corresponds to a reduction of CO2 emissions by over 30 tons. The results of Agora's green energy production can be checked on an ongoing basis on a special page – here.

In addition, Agora's printing house installed 2 x 50 kW photovoltaic panels in 2021. It is 248 photovoltaic modules with a total area of 484.84 m2. They were connected to the electricity grid in the first quarter of 2022. The expected annual energy result is 100 kWh – if this is achieved, CO2 emissions to the atmosphere will be 71,000 kg lower. The results of green energy production at Agora's printing house can be checked on a regular basis on a special page – here.

In 2021, the Agora Group increased the number of renewable energy sources used. AMS has built an advertising pole powered by photovoltaic cells with a capacity of 460 kWp and a pilot photovoltaic installation on the roof of a bus shelter in Krakow with a capacity of 1410 kWp. Additionally, since January 2021, AMS has the ECO Biznes certificate confirming that the energy it purchases comes from low-emission sources.

Tabele: Energy intensity indicators in the Agora Group in 2021

Wskaźniki intensywności energetycznej w Grupie Agora w 2021 r.

Unit Agora S.A. Agora Group
Energy from renewable sources for PLN 1 million of revenue MWh/1mln PLN 8.50 7.84
Energy from non-renewable sources for PLN 1 million of revenue MWh/1mln PLN 152.8 81.0
Energy from all sources for PLN 1 million of revenue MWh/1mln PLN 161.3 88.8

Fuel

Table: Fuel consumption in the Agora Group in 2021

Zużycie paliw w Grupie Agora w 2021 r.

Unit Agora S.A. Agora Group
Fuels consumed in buildings and installations
Natural gas m3 251 475.9 251 621.8
Diesel l 420.0 420.0
Natural gas MWh 33 152.6 33 171.8
Diesel MWh 4.2 4.2
Total fuels consumed in buildings and installations MWh 33 156.7 33 176.0
Fuels used in transport with own vehicles
Gas l 795.9 79 611.1
Diesel l 7 068.9 41 298.4
LPG l 0.09 77.6
Gas MWh 7.3 732.3
Diesel MWh 70.3 410.7
LPG MWh 0.0 69.9
Transport in total MWh 77.6 1 212.8

The data was calculated for 34 vehicles in the Agora Group.

In 2020, the Agora Group examined only fuels consumed in vehicles. Data for Agora S.A. (21 cars) were as follows:

  • Diesel: 16403.05 liters;
  • Ethyline: 7816.64 liters.

In order to reduce CO2 emissions, Agora plans to replace another cars with hybrid ones in the coming years.

AGORA

Tabele: GHG emissions in scope 1 and 2 in the Agora Group for 2021

Emisje w zakresie 1 i 2 w Grupie Agora za rok 2021 r.

Unit Agora S.A. Agora Group
Scope 1
Emissions from fuel consumption in buildings and installations Mg CO2 509.5 509.75
Transport emissions Mg CO2e 18.1 313.2
Air conditioning and cooling emissions Mg CO2e 42.4 571.3
Total emissions under Scope 1 Mg CO2e 572.8 1 394.3
Issues Scope 1 for PLN 1 million of revenue CO2e/1mln PLN 1.5 1.4
Scope 2
Location-based
Location-based emissions resulting from the purchase of electricity Mg CO2e 10 915.0 25 713.1
Location-based emissions resulting from the purchase of thermal energy Mg CO2e 4 577.6 5 147.1
Total location-based emissions within Scope 2 Mg CO2e 15 493.1 30 860.2
Market-based
Market-based emissions resulting from the purchase of electricity Mg CO2e 11 238.3 26 364.6
Market-based emissions resulting from the purchase of thermal energy Mg CO2e 2 006.7 5 147.1
Total market-based emissions under Scope 2 Mg CO2e 13 245.0 31 511.7
Emissions Scope 2 market-based for PLN 1 million of revenue Mg CO2e/1mln PLN 34.6 32.6
Scope 1+2
Total location-based Scope 1 + 2 emissions Mg CO2e 16065.9 32 254.4
Total market-based Scope 1 + 2 emissions Mg CO2e 13 817.8 32 906.0
Emissions Scope 1 + 2 market-based for PLN 1 million of revenue Mg CO2e/1mln PLN 36.1 34.1

Calculation's methodology of greenhouse gas emissions

Greenhouse gas emissions were calculated according to the standards and methodology of The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard Revised Edition and GHG Protocol Scope 2 Guidance. Organizational boundaries include all companies in the Agora Group. The operational boundaries include Scope 1 emissions, i.e. emissions related to the direct use of fuels in buildings, vehicles and installations owned or controlled by the Group, and emissions related to the leakage of refrigerants, as well as emissions of Scope 2, i.e. indirect emissions related to the Group's consumption of purchased electricity and heat. The calculations for Scope 2 were performed according to two methods: location-based and market-based. In the case of the location-based method the electricity consumption was multiplied by the average emission factor for Poland. On the other hand, in the calculations using the market-based method, the energy consumption attributed to individual energy sellers was multiplied by the emission factor published/provided by these energy sellers. In cases where no specific energy seller was given, energy consumption was multiplied by the average for Poland.

The market-based method was used to calculate greenhouse gas emissions in relation to thermal energy and for Poland was adopted the average benchmark *,**.

In the calculation of the market-based emission method, 69.06% of the calculation is based on real data, and 30.94% was approximated by aggregated indicators for Poland from public data (GUS and KOBIZE).

The amount of emissions was given in tonnes of carbon dioxide equivalent (Mg CO2e). This measure contains total emissions of greenhouse gases expressed by the amount of carbon dioxide emissions, having the same environmental impact according to Global Warming Potential (GWP).

* "CO2, SO2, NOx, CO and total dust emission factors for electricity on the basis of information contained in the National Base on greenhouse gas emissions and other substances for 2020", the National Center for Emission Management and Balancing and "Energy from renewable sources in 2020 r. ", Central Statistical Office, Warsaw, 2021.

** "Thermal power in numbers - 2020", February 2022, the Energy Regulatory Office

GHG emissions in Scopes 1 and 2 market-based in 2021 at the Agora Group: by operating segments CO2e in tonnes

Emisje GHG w zakresach 1 i 2 market-based w 2021 r. w Grupie Agora: w podziale na segmenty operacyjne CO2e w tonach

THE RESULTS AND CONCLUSIONS WITH REGARD TO THE CARBON FOOTPRINT:

The Agora Group's carbon footprint in 2021 amounted to 32,906 t CO2e (Scope 1 and 2 market-based)

Greenhouse gas emissions are generated mainly in Scope 2 – nearly 95% of the total carbon footprint of the Agora Group results from emissions in this area. In emissions in scope 1, more than 40% of CO2 equivalent in tonnes is generated by emissions from refrigerants from air conditioning systems in the Agora Group's cinema operations.

In turn, in Scope 2, over 83% of greenhouse gas emissions are related to the type of energy purchased, which is used in cinemas, in the activity of printing house and administration (offices and server rooms, including server rooms for Internet activities).

AGORA

Table: Water consumption and sewage disposal in the Agora Group in 2021

Zużycie wody i odprowadzanie ścieków w Grupie Agora w 2021 r.

Unit Agora S.A. Agora Group
Water
Purchased water m3 9 606 43 906
Total water used m3 9 606 43 906
Water consumption per PLN 1 million of revenue m3/PLN 1 million 25.1 45.5
Sewage
Sewage discharged to the municipal network m3 9 606 43 906
Total sewage discharged m3 9 606 43 906
Waste water discharged for PLN 1 million of revenue m3/PLN 1 million 25.1 45.5

Tap water at the Agora's headquarters in Warsaw is safe to drink in accordance with certification by Watersystem.

Sewage is discharged to municipal companies. None of them end up in groundwater or surface waters.

AGORA

Table: Raw materials and consumables used by the Agora Group in 2021

Zużyte surowce i materiały w Grupie Agora w 2021 r.

Unit Agora S.A. Agora Group
Raw materials and consumables
Paper Mg 10 568.32 10 572.05
Paints Mg 423.90 423.90
Glues Mg 17.20 94.59
Aluminum molds Mg 87.60 87.60
Moisturizing solution concentrate Mg 36.50 36.50
Glass Mg 0.00 23.56
Removers Mg 13.70 13.70
Silicon Mg 14.20 14.20
Hardener Mg 3.50 3.50
Plastics PMMA, Polycarbonate Mg 0.00 3.09
Groceries
Corn grain Mg 0.00 237.38
Beef Mg 0.00 101.41
French fries Mg 0.00 87.89
Burger bun Mg 0.00 28.48
Pink sauce Mg 0.00 21.94

The significant position of paper among the raw materials and consumables used in the Agora Group is related to the printing services provided by the Agora's printing house in Warsaw. The given values refer to the paper purchased by the Agora Group, but do not include the customer-provided paper. The printing activities also include paints, aluminum molds, moisturizing solution concentrate, removers, adhesives (18%), as well as silicone and a hardener.

On the other hand, indicators related to glass, the use of PMMA plastics and glue (82%) relate to the activities of AMS.

In the case of food products - they are mainly used in the activities of the Helios cinema network (corn grain) and in restaurants operating under the Pasibus brand (beef, French fries, hamburger bun, pink sauce).

AGORA

Companies from the Agora Group, in relation to 100% of the waste they generate, have concluded agreements obliging recipients to recycle or neutralize this waste. Each of the companies in the Agora Group runs a waste management program and, in accordance with legal and reporting requirements, submits information on this subject to the appropriate offices.

Municipal waste in Agora are segregated and subject to selective collection, in accordance with the local municipal waste management system. Therefore, the company does not monitor the weight of this waste. Hazardous and non-hazardous waste are transferred to appropriate external entities dealing with their disposal.

In the Agora building at Czerska street, there is a canteen that generates food waste.

Table: Hazardous and non-hazardous waste in the Agora Group and methods of their disposal

Odpady niebezpieczne i inne niż niebezpieczne w Grupie Agora i metody ich utylizacji w 2021 r.

Unit Agora S.A. Agora Group
Hazardous waste Mg 18.76 20.36
Preparation for recycling Mg 0.00 0.00
Prepared for other forms of recovery Mg 0.00 0.00
Prepared for disposal Mg 1.51 3.11
Burning (with energy recovery) Mg 0.00 0.00
Burning (without energy recovery) Mg 0.26 0.26
Storage in landfills Mg 0.00 0.00
Other waste management methods Mg 16.99 16.99
Total hazardous waste Mg 18.76 20.36
Non-hazardous waste Mg 2 227.41 6 958.89
Preparation for recycling Mg 1 978.72 2 043.75
Prepared for other forms of recovery Mg 0.00 0.00
Prepared for disposal Mg 88.85 97.82
Burning (with energy recovery) Mg 0.00 0.00
Burning (without energy recovery) Mg 0.00 0.00
Stored on the Company's premises Mg 0.00 69.12
Storage in landfills Mg 10.22 15.18
Municipal waste * Mg 145.11 4 556.63
Other ways of waste management Mg 4.25 176.39
Total non-hazardous waste Mg 2 227.41 6 958.89
Total waste Mg 2 246.17 6 979.25

* Odpady komunalne wygenerowane w 96,82% przez działalność kinową.

Nearly 30% of the waste generated by the Agora Group was recycled in 2021. Municipal waste accounted for over 65% of all waste and nearly 97% was generated in the cinema operations of the Agora Group.

AGORA

Certain suppliers cooperating with the Agora Group:

Specific negative environmental impact identified in the supply chain:

  • CO2 emissions from combusted fuels (vehicles);
  • water consumption;
  • energy consumption;
  • waste, lack of complete segregation of waste;
  • recycling and recovery of waste generated by the Agora Group in the production and consumption process.

In 2021, none of the Agora Group companies terminated their cooperation with their suppliers from the above-mentionedchain due to the negative impact of their activities on the environment.

Download Download

In this report, the Agora Group publishes for the first time information required by the law on the so-called Taxonomy (related obligations were introduced by Regulation (EU) 2020/852 of the Parliament and of the Council). In the first year of application, in accordance with the content of Commission Delegated Regulation (EU) 2021/2178, the Agora Group discloses the percentage of turnover, capital expenditure and operating expenditure eligible for taxonomy, i.e. turnover, capital expenditure and operating expenditure related to these types of activities, which are defined in Annexes I and II of Commission Delegated Regulation (EU) 2021/2139. In the first reporting year, there is no need to verify the Technical Eligibility Criteria, i.e. to determine what percentage of these three values is related to an environmentally sustainable activity.

The following principles were used to calculate the percentage of turnover, capital expenditure (CapEx) and operational expenditure (OpEx) eligible for the taxonomy.

AGORA

AGORA

Tabele: Proportion of turnover eligible for the EU taxonomy

Obrót

Economic activities Code (s) Absolute turnover % Proportion of turnover
mln PLN %
A. TAXONOMY ELIGIBLE ACTIVITIES
Infrastructure enabling low-carbon road transport and public transport 6.15. 4.56892 0.5%
Acquisition and ownership of buildings 7.7. 17.52111 1.8%
Data processing, hosting and related activities 8.1. 4.03534 0.4%
Programming and broadcasting activities 8.3. 42.34777 4.4%
Creative, arts and entertainment activities 13.1. 2.16278 0.2%
Motion picture, video and television programme production, sound recording and music publishing activities, sound recording service in a studio or elsewhere 13.3. 151.59198 15.7%
Total (A) 222.22790 23.0%
B. TAXONOMY NON-ELIGIBLE ACTIVITIES
Turnover of Taxonomy-non-eligible activities (B) 743.67210 77.0%
Total (A+B) 965.90000 100.0%

The Group generates revenues from several business segments, only some of which are included in the taxonomy of Annexes I and II to the Climate Delegated Act (Commission Delegated Regulation (EU) 2021/2139). The main revenue items from the activities included in the taxonomy in 2021 were:

  • revenues related to the production of visual and audiovisual materials, as well as revenues from subscriptions, which amounted to PLN 193.9 million;
  • income from the sale of real estate in the amount of PLN 17.5 million (one-off event).

In addition, in 2021, the Group generated revenues from various activities such as the sale of bus shelters of the public transport system to companies owned by local government units, from the service of providing software and applications for comprehensive management of the recruitment process and from the organization of cultural events.

The share of turnover eligible for taxonomy in total turnover in 2021 stood at 23.0%.

AGORA

Tabele: Proportion of investment outlays (CapEx) eligible for the EU Taxonomy

Nakłady inwestycyjne (CAPEX)

Economic activities Code (s) Absolute CapEx % Proportion of CapEx
mln PLN %
A. TAXONOMY ELIGIBLE ACTIVITIES
Transport by motorbikes, passenger cars and light commercial vehicles 6.5. 0.14086 0.3%
Infrastructure enabling low-carbon road transport and public transport 6.15. 4.18936 9.6%
Renovation of existing buildings 7.2. 1.14211 2.6%
Installation, maintenance and repair of energy efficiency equipment 7.3. 0.58346 1.3%
Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings 7.5. 0.07189 0.2%
Data processing, hosting and related activities 8.1. 3.47467 8.0%
Computer programming, consultancy and related activities 8.2. 7.69191 17.6%
Programming and broadcasting activities 8.3. 4.22050 9.7%
Motion picture, video and television programme production, sound recording and music publishing activities, sound recording service in a studio or elsewhere 13.3. 0.55500 1.3%
Total (A) 22.06976 50.5%
B. TAXONOMY NON-ELIGIBLE ACTIVITIES
CapEx Taxonomy-non eligible activities (B) 21.63024 49.5%
Total (A+B) 43.70000 100.0%

Capital expenditure (CapEx) eligible for taxonomy is related to the implementation of the investment plans adopted by Agora's Management Board during the preparation of the budget for 2021 and the Group's action plan for 2021. These plans also result partly from the Agora Group's strategy for 2018-2022, the implementation of which in the scope related to the achievement of specific business goals was canceled due to the outbreak of the COVID-19 pandemic. The investment outlays were mainly incurred on:

  • infrastructure necessary to conduct radio activities and activities related to the press, media, outdoor advertising and data center expansion, including expenditure on licenses, radio devices and systems;
  • intangible assets, including those related to the development of software and applications, and for ICT infrastructure, including the purchase of matrices and other specialized equipment.

In addition, the Group incurred CapEx in the amount of PLN 1.8 million for projects aimed at improving the energy efficiency of buildings, thanks to which it will be possible to reduce energy consumption in the coming years, which will indirectly contribute to the reduction of greenhouse gas emissions.

The share of investment outlays eligible for taxonomy in total investment outlays in 2021 stood at 50.5%.

AGORA

Tabele: Proportion of operational expenditure (OpEx) eligible for the EU Taxonomy

Wydatki operacyjne (OPEX)

Economic activities Code (s) Absolute OpEx % Proportion of OpEx
mln PLN %
A. TAXONOMY ELIGIBLE ACTIVITIES
Transport by motorbikes, passenger cars and light commercial vehicles 6.5. 0.46677 0.2%
Freight transport services by road 6.6. 0.03618 0.0%
Infrastructure enabling low-carbon road transport and public transport 6.15. 9.84279 4.8%
Renovation of existing buildings 7.2. 3.65005 1.8%
Installation, maintenance and repair of energy efficiency equipment 7.3. 0.00093 0.0%
Data processing, hosting and related activities 8.1. 3.47131 1.7%
Computer programming, consultancy and related activities 8.2. 1.82698 0.9%
Programming and broadcasting activities 8.3. 5.46078 2.6%
Creative, arts and entertainment activities 13.1. 4.14635 2.0%
Motion picture, video and television programme production, sound recording and music publishing activities, sound recording service in a studio or elsewhere 13.3. 76.69198 37.1%
Total (A) 105.59414 51.0%
B. TAXONOMY NON-ELIGIBLE ACTIVITIES
OpEx Taxonomy non-eligible activities (B) 101.32629 49.0%
Total (A+B) 206.92044 100.0%

In the case of operating expenses (OpEx), the largest amount was related to the purchase of film copies necessary for the implementation of film projection activities. The next categories of expenses were significantly lower. It is worth mentioning among them:

  • operating expenses related to the maintenance and repair of bus shelters for public transport systems;
  • operating expenses incurred for the maintenance of buildings in which the Group conducts its operating activities;
  • operating expenses necessary for the proper functioning of data centers operated by the Group;
  • operating expenses for the maintenance and repair of radio and broadcasting equipment, and for the lease of transmitters, as well as operating expenses for creative, cultural and entertainment activities.

The share of operating expenditure eligible for taxonomy in total operating expenditure in 2021 stood at 51.0%.

Download Download

In 2021 the Agora Group identified and analyzed climate risks and the resulting threats and opportunities. As a result of this process, the risks to the development, performance and situation of the company resulting from climate change were defined. The results are presented below.

Istotne ryzyka, zagrożenia i szanse związane z klimatem w Grupie Agora

Risks Threat / Chance Time horizon Management method
Physical risks
Long-term physical risks
Epidemic risk Threat of an increase in the frequency of epidemics and pandemics Short-Medium Maintain the crisis management procedures and business continuity plan and use the experience of the COVID-19 pandemic in 2020 and 2021.
Transformational risks
Technological risks
The risk of digitization An opportunity to use advanced analytics and artificial intelligence in the development of products and services. Short-Medium Continuation of activities in the area of digital innovation, development of Big Data services and further use of artificial intelligence in the services and products offered.
An opportunity to increase revenues due to changes in the demand for online promotion. Short-Medium Development of activities that will increase the Agora Group's online revenues.
The risk of emissivity of energy sources Threat of a high-emission electricity mix in Poland. Short-Medium Development of activities to optimize electricity consumption and focus on improving energy efficiency. Analysis of the possibility of investing in own renewable energy sources.
Market risks
The risk of an increase in the prices of raw materials, materials and services Threat of rising costs of raw materials, materials and services caused by other climatic risks. Short-Medium Optimizing the consumption of raw materials and launching projects in the area of the circular economy. Development of long-term relationships with suppliers of major raw materials, materials and services, and close cooperation to reduce the use of primary raw materials.
Risk of making access to financing dependent on counteracting the climate crisis Risk of lack of or limited access to financing in the event of failure to meet the expectations of banks, investment funds or insurers in terms of counteracting the climate crisis. Medium Adjusting the Agora Group to the expectations of financial institutions in terms of reporting on climate change issues and implementing GHG emission monitoring. Commencement of work on the ESG strategy and climate policy of the Agora Group as well as preparatory work to establish relations with rating agencies and ESG data providers.

 

A detailed description of the research methodology can be found in Part: About the report.