6-K
GDEV Inc. (GDEV)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TORULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September, 2024
Commission File Number: 001-40758
GDEV Inc.
(Translation of registrant’s name into English)
55, Griva Digeni
3101, Limassol
Cyprus
Telephone: +35722580040
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
EXPLANATORY NOTE
On September 26, 2024, GDEV Inc. (NASDAQ: GDEV) (the “Company”) issued a press release. A copy of this press release is attached to this Form 6-K as Exhibit 99.1. Furthermore, a copy of the Company’s 2023 Sustainability Report is attached to this Form 6-K as Exhibit 99.2.
Neither this report on Form 6-K nor any of the exhibits hereto is intended to be incorporated by reference into registration statements filed by the Company under the Securities Act of 1933, as amended.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: September 26, 2024 | ||
|---|---|---|
| GDEV Inc. | ||
| By: | /s/ Alexander Karavaev | |
| Name: Alexander Karavaev | ||
| Title: Chief Financial Officer |
EXHIBIT INDEX
| Exhibit | Description |
|---|---|
| 99.1 | Press release dated September 26, 2024 |
| --- | --- |
| 99.2 | 2023 Sustainability Report |
Exhibit 99.1
GDEV Shares Recent Sustainability Achievements
September 26, 2024 – Limassol, Cyprus – GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), has released its 2023 Sustainability Report, highlighting the Company’s continued contribution to the communities we serve and the Company’s sustainability achievements towards generating a positive impact from gaming for all our stakeholders.
GDEV is committed to environmental stewardship, corporate social responsibility, and robust corporate governance. The report introduces updates to the GDEV Sustainability Strategy, including the Games for Good Philosophy and policies on supporting local communities where we operate.
Andrey Fadeev, Founder and CEO of GDEV, commented, “It is personally gratifying to me that our games not only entertain but also contribute to meaningful positive outcomes. From engaging players in eco-friendly practices to raising awareness on crucial social issues, we are transforming gaming into a powerful force for good. Who knew making a difference could be so much fun?”
Natasha Braginsky Mounier, Chairperson of the Board of Directors, added, “This report reflects our deep belief in the long term value of sustainable business practices. We demonstrate this through ongoing innovative and educational initiatives, engaging our workforce and the local communities. We are pleased with the progress we’ve made and will continue to seek effective solutions for the challenges of our times.”
GDEV’s 2023 Sustainability Report can be found in our Sustainability section on the company's website: www.gdev.inc/sustainability.
ABOUT GDEV
GDEV is a gaming and entertainment holding company, focused on development and growth of its franchise portfolio across various genres and platforms. With a diverse range of subsidiaries including Nexters and Cubic Games, among others, GDEV strives to create games that will inspire and engage millions of players for years to come. Its franchises, such as Hero Wars, Island Hoppers, Pixel Gun 3D and others have accumulated over 550 million installs and $2.5 bln of bookings worldwide. For more information, please visit www.gdev.inc
CONTACTS:
Investor Relations
Roman Safiyulin | Chief Corporate Development Officer
investor@gdev.inc
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute “forward-looking statements” for purposes of the federal securities laws. Such statements are based on current expectations that are subject to risks and uncertainties. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
The forward-looking statements contained in this press release are based on the Company’s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those that the Company has anticipated. Forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) or other assumptions. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the Company’s 2023 Annual Report on Form 20-F, filed by the Company on April 29, 2024, and other documents filed by the Company from time to time with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Exhibit 99.2
| SUSTAINABILITY<br>REPORT<br>We create Intelligent Entertainment: fostering development,<br>socialization, and emotional well-being<br>September, 2024 |
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| Contents<br>03 CEO essage<br>0 Sustainability Strategy<br>0" Our 2023 Achievements<br>07 Environment<br>09 Social<br>0; Games for Good<br>0H We Support<br>11 Corporate Governance<br>12 Cybersecurity<br>13 Our buture Goals and Commitments<br>1 SAS ndeh |
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| CEO Message<br> “As we navigate through our 3rd year<br>of being a Nasdaq listed company, focusing<br>on sustainability has strengthened our culture<br>of resilience and social impact. $e at GD¶´<br>believe that our games play an important role<br>in creating engaged player communities<br>through socialisation and personal<br>development. Our company is committed<br>to being a proactive good citizen through<br>local environmental initiatives, many of which<br>are highlighted in this report. And we pride<br>ourselves on being an innovative and<br>progressive company – which, as a founder<br>and C¶O, is core to my values. Our human<br>capital development policies are vital<br>to nurturing creative talent.ì<br>2023 Sustainability ESG ranking performance<br>Report Highlights<br>Current Sustainability Status<br>Low Risk<br>ESG Ris Eposure<br>Introduced Games for Good Philosophy<br>and Charity and Initiative Support Approach.<br>Cybersecurity risk management program<br>was implemented.<br>Supported 8 local organizations in our offcial<br>locations.<br>More in-game educational, environmental,<br>and social awareness events with leading NGO<br>partners.<br>The sustainability agenda is overseen by the Board<br>of Directors.<br>The GD¶´ Sustainability Strategy is actively in use.<br>SASB metrics and UN SDGs are under ongoing<br>integration.<br>Regular sustainability reporting practice have been<br>implemented.<br>03 GDEV Sustainability Report GDEV 2024<br>\*<br>Andrey Fadeev<br>Founder & CEO of GDEV<br>\* Copyright ©2024 Sustainalytics, a Morningstar company. All rights reserved. This<br>Sustainability Report includes information and data provided by Sustainalytics and/or<br>its content providers. Information provided by Sustainalytics is not directed to or<br>intended for use or distribution to Indiabased clients or users and its distribution to<br>Indian resident individuals or entities is not permitted. Morningstar/Sustainalytics<br>accepts no responsibility or liability whatsoever for the actions of third parties in this<br>respect. Use of such data is subect to conditions available at https://<br>www.sustainalytics.com/legal disclaimers/ |
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| “Our commitment to sustainability refects a deep belief that this serves our purpose:<br>to be a global platform of successful games. Sustainability is strategic to GDEV<br>because it enhances our success drivers: resourcefulness, innovation, and<br>connectedness with the communities we serve. Hence, we aim to integrate<br>sustainability perspectives in everything we do.”<br>Sustainability Strategy<br>Three pathways approach<br>Core<br>Meet ESG standards<br>and requirements in IT industry<br>Local<br>Be responsible and giving back<br>to the local communities<br>Global<br>Contribute to the gaming’s<br>positive<br>impact on the world<br> in four focus areas<br>Our Team Our Players Communities Environment<br>Global benchmarks are in use<br>SASB Software & IT Services<br>Standard is a benchmark for<br>measuring and reporting on<br>our sustainable development<br>practicesw<br>UN SDGs focused<br>Game<br>s<br>for Good<br>Philosophy<br>Charity and<br>Initiative<br>Support<br>Approach<br>GDEV’s Sustainability Strategy outlines<br>that refect our impact on employees, local communities,<br>and the global community across aligned<br>with our interactions with the world.<br>Three Pathways<br>Four Focus Areas<br>Our focuses on creating<br>games that entertain, educate, and inspire positive change<br>in individuals and society. For us, gaming should nurture<br>players’ growth, fostering skills and connections that extend<br>beyond the screen.<br>Games for Good Philosophy<br>The is adopted<br><br>to align our efforts more closely with strategy and vision.<br><br>This approach emphasizes the creation of opportunities<br><br>for in-game integration of initiatives, with a focus<br><br>on environmental and social impact, addressing issues<br>within both local and global communities.<br>Charity and Initiative Support Approach<br>Finally, the and the<br> are under ongoing integration at GDEV.<br>SASB Software & IT Services standard<br>UN SDGs<br>Natasha Braginsky Mounier<br>Chairperson, Independent Director<br>04 GDEV Sustainability Report GDEV 2024 |
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| Our 2023 Achievements<br>Core<br>Meet ESG standards and requirements in IT industry<br>Objective: Enhance employee development, satisfaction, and connectivity while fostering non-discrimination,<br>accessibility, environmental awareness, and community support within the company.<br>Sponsor employeesV participation in various sports<br>events and provide corporate training to prepare for<br>them \(4 events\).<br>Launched the corporate educational portal to provide<br>training and assist employees in developing hard and<br>soft skills \(30 training programs, 400+ fully completed<br>learning cycles\).<br>The offces in Cyprus \(GDEVVs HH location\) are now<br>disability-friendly, aiming to improve accessibility<br>company-wide.<br>Improved metrics on employee satisfaction with their<br>work, company culture, and corporate life \(84% of<br>employees indicated that their expectations for their<br>current position are being met\).<br>The share of women is 13 percentage points higher than<br>the gaming industry average.<br>Developed and implemented a cybersecurity risk<br>management program \(16 cybersecurity training<br>campaigns for employees\).<br>Local<br>Be responsible and giving back to the local communities<br>Objective: Promote environmental sustainability and social responsibility by addressing challenges in our ofifces<br>locations in frontier markets, introducing new practices, and inspiring other companies.<br>Introduced the GDEV charity and initiative support<br>approach.<br>Organized tree-planting events at all our offcial<br>locations \(300+ trees planted\).<br>Hosted volunteer events with employees to clean up<br>public spaces in our offcial locations \(2 events\).<br>Focus to bring employees closer together – "Random<br>Coffee" initiative for new connections and a Book Club<br>\(meetings monthly\).<br>Supported the organization of local sports events<br><br>\(3 events\).<br>Introduced the GDEV Hunger & Homelessness<br>Awareness Initiative to aid those in need and raise<br>awareness among our gaming community \($10,000<br>donation made\).<br>Continue to support local environmental and social<br>initiatives \(support 8 events and organizations\).<br>Organized 2 eco-events to educate employees<br>on waste separation \(30+ participants\).<br>Global<br>Contribute to the gaming’s positive impact on the world<br>Objective: Maintain high standards in player satisfaction, community safety, and cybersecurity while raising awareness<br>through gaming initiatives.<br>According to Sustainalytics, GDEV is in Top 12% among<br>all 16,000 companies.<br>Joined the Green Game Jam festival, organized by the<br>Playing for the Planet initiative, to raise awareness of<br>environmental issues through our games.<br>As part of the Green Game Jam festival, our game<br>Island Hoppers was nominated for the MediaVs Choice<br>Award.<br>A strict protocol has been developed to combat<br>offensive and abusive behavior in our games.<br>Exceed Zendesk benchmarks in resolving player issues<br>and response satisfaction scores \(CSAT: 81% at GDEV<br>vs. 75% at benchmark; Median Full Resolution Time: 12.2<br>hours at GDEV vs. 64.6 hours at benchmark\)<br>05 GDEV Sustainability Report GDEV 2024 |
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| Environment<br>Commitment to environmental stewardship is a core long-term goal for<br>GDEV and its studios. We are dedicated to achieving high energy effciency<br>and implementing diverse solutions to reduce energy consumption.<br>Additionally, we adhere to best practices in waste segregation, recycling, and<br>minimizing our environmental impact. As a gaming company, GDEV also<br>actively champions environmental causes through our games, participating in<br>global events to raise awareness and drive positive change.<br>The GDEV Board of Directors<br>has approved a goal to achieve<br>carbon neutrality for Scope 2<br>emissions by 2030.<br>Since the beginning of 2023,<br>we have organized 5 employee<br>events focused on tree planting<br>at 3 of our locations, resulting in the<br>planting of over 300 trees in total.<br>\* According to IRENA data<br>In 2023, new work locations were opened to boost productivity, which, along<br>with the full return after C\)VID, led to an increase in electricity consumption.<br>146<br>2021 2022 2023<br>128<br>181<br>Estimated G\]G emissiona<br>\(Scope 2\), metric tons/CO2e\*<br>Electricity consumption,~<br>MWh<br>335<br>2021 2022 2023<br>2…0<br>3‰2<br>To further reduce our environmental impact, we pay a lot of attention to collect and process<br>recyclable waste. In 2023, we collected:<br>14‰ kg of coffee<br>capsules<br>48 kg of usef<br>batteries<br>30 kg of pri‘ter<br>cartrifges<br>10 kg of ª£° bottles<br>caps<br>Over 50 kg of clot³es<br>Environment initiatives in our games<br>GDEV for the second consecutive year is participating in the Green<br>Game Jam festival, led by Playing for the Planet and supported by the<br>UN Environment Programme. This festival brings together top gaming<br>companies from around the globe to incorporate environmental themes<br>into their games, raising awareness among players about the urgent<br>need to preserve our planet.<br>As part of our contribution, we organised a free eco activity in Limassol,<br>Cyprus, engaging the gaming community in a fun quiz covering ecology,<br>recycling, and environmental initiatives.<br>06 GDEV Sustainability Report GDEV 2024 |
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| Social<br>Benefts aaailable for employees<br>Corporate education portal highlights<br>07 GDEV Sustainability Report GDEV 2024<br>We foster a strong company culture built<br>on teamwork and collaboration, while ensuring<br>a healthy work-life balance. Our employee benefts<br>include comprehensive social and corporate perks.<br>We also achieve a better gender balance than the<br>industry average and maintain a diverse age range,<br>featuring both young talents and seasoned<br>professionals.<br>809<br>2021 2022 2023<br>848 844<br>Male Female<br>62%<br>38%<br>64%<br>36%<br>64%<br>36%<br>Industry average<br>women’s share:<br>23%\*<br>Employee development expenses totaled $190,000 \(conference participation and educational platforms\)<br>Armenia<br>Cyprus<br>Kazakhstan<br>Other<br>45%<br>35%<br>15%<br>5%<br> <30<br>30-35<br> >35<br>33%<br>33%<br>34%<br>GDEVŽs Še†ters studio employees suraey<br>Geo diaersifcation<br>Headcount and gender balance<br>Employees age balance<br>Medical insurance<br>for the employees<br>and their families<br>Paid vacations, sick<br>leaves & maternity<br>leave<br>Corporate sports<br>and yoga classes<br>Free language<br>classes and<br>education courses<br>Relocation package<br>for employees and<br>families<br>30 training programs<br>462 fully completed learning<br>cycles<br>446ÞÝhours of training<br>Increasing interest among<br>managers and employees in<br>learning and development<br>83.8%<br>Believe that<br>expectations for<br>their current<br>position are met<br>70%<br>Feel supported by<br>their team and<br>colleagues<br>64.3%<br>Motivated by<br>personal and<br>professional<br>development<br>A balanced age mix of employees combines<br>youth and experience, helping to understand<br>our players’ needs<br>..<br>The voluntary turnover rate was 9.6% in 2023.<br>\* According to GDC 2024 State of the Game Industry report |
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| Games for Good<br>For GDEV, gaming should not only captivate players but also nurture their growth, fostering skills<br>and connections that extend beyond the screen. Our commitment to this philosophy is a cornerstone<br>of our sustainability strategy, allowing us to create games that entertain, educate, and inspire positive<br>change in individuals and society.<br>08 GÌEÓ SustainaÊilitÔ Åeport GÌEÓ Ø0Ø×<br>The 3 Pillars of Games for Good Philosophy<br>Our games offer immersive environments<br>where players can step away from daily<br>pressures and dive into vibrant worlds<br>flled with action and adventure.<br>With a wide array of gaming formats,<br>each player can choose the type of action<br>and in-game mechanics that best suit<br>their preferences for emotional release.<br>Empowering Individuals to<br>Alleviate Stress Through Gaming<br>Data:<br>Data:<br>Data:<br>20+ game modes and mini-games in PG3D.<br>50+ events and new mechanics launched annually<br>in Hero Wars.<br>14mln+ Monthly Active œsers.<br>Our games are designed for<br>, as well as various preferences.<br>different social and age<br>groups<br>Regularly conduct<br>on new game mechanics and content updates.<br>surveys of players' opinions<br>Fostering Social Connections<br>Through Our Platforms<br>We foster multiple online communities,<br>where players can connect, share<br>experiences, and support one another,<br>ensuring a sense of belonging within the<br>gaming landscape.<br>In many of our games, such as “Hero<br>Wars” and “Pixel Gun 3D”, players can join<br>clans to forge new friendships through<br>shared victories and challenges. Clan<br>tournaments encourage teamwork and<br>communication, fostering deeper<br>connections.<br>8.5+ mln subscribers on social media.<br>Member of Fair Play Alliance.<br>A to combat offensive and abusive<br>behaviour in our games.<br>strict protocol<br>Exceed benchmar9s in resolving player issues<br>and response satisfaction.<br>A and community team consisting<br>of 50+ employees.<br>dedicated support<br>Facilitating In-Game Education and<br>Skill Ìevelopment<br>Most of our games integrate mechanics<br>that promote counting, combining,<br>strategic planning, and other skills<br>to empower players to enhance their<br>cognitive abilities.<br>We host numerous in-game events that<br>contribute to players’ understanding<br>of the world around them.<br>Participate in œN’s initiative, aiming<br>to promote environmental protection through games.<br>Green Game Jam<br>Have in-game events aimed at<br>..<br>gender and social<br>equality<br>Skills developed by our games: fne motor skills, quick<br>relfexes, combinatorial thinking.<br>Hunger & Homelessness awareness initiative.<br>01.<br>0<br>..<br>0. |
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| 09 GDEV Sustainability Report GDEV “0“ˆ<br>We Support<br>To align our efforts more closely with our goals<br>and vision, we have developed<br> <br><br>GDEV supports and is actively engaged with various<br>environmental and social organizations, participating in<br>their events in the areas where our offces are located,<br>aiming to positively impact the local communities.<br>GDEV Charity<br>and Initiative Support Approach<br>GDEV #un\*er \) #oelessness!<br>awareness initiative<br>We aim to support local communities and make,<br>a positive impact through our games. Combining,<br>an in-game event with real-life aid for the<br>underprivileged in Cyprus, raising funds for the Larnaca<br>Grocery 1tore charity9<br>In April 2024, ourgame Island Hoppers hosted a two-week event called "Valley of Help." Players participated<br>in activities mirroring the struggles of the homeless and<br>donated to those in need. This initiative raised €10,000<br>for charity, highlighting the importance of helping others.<br>To enhance the effciency of our resource allocation,,<br>we have restructured our approach to sponsorship and<br>organizations' support. Moving forward, we will base our<br>decisions on the following criteria\_<br>Opportunities for In-Game Integration: We prioritize<br>partnerships that offer potential for meaningful<br>integration within our games, creating a more<br>immersive experience for players.<br>Scope of Impact: We evaluate the level at which the<br>organization operates, whether local or global,<br>reaching the intended audience effectively.<br>3 Spheres: Our support is directed towards<br>organizations that are committed to environmental<br>sustainability, social impact, and advancements<br>within the gaming industry.<br>Effective Spending: Ensuring that our support are<br>productive and yield tangible results, maximizing the<br>return on our efforts. |
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| We Support<br>GDEV employees actively participate<br>in various community activities across<br>different locations.<br>March 2024, Cyprus<br>Tree planting even<br>March 2024, Cyprus<br>Tree planting even<br>November 2023, Cyprus<br>Beach cleanup<br>May 2023, \{aiahstao<br>Tree planting even<br>May 2023, rmeni<br>Tree planting event<br>May 2024, rmeni<br>Tree planting event<br>November 2023, Cyprus<br>Beach cleanup<br>May 2023, \{aiahstao<br>Tree planting even |
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| Corporate Governance<br>Diverse Board of Directors with extensive expertise in various fields<br>Founder-led management<br>Board of Directors outlook<br>Andrey<br>Fadeev<br>Founder<br>and CEO<br>Alexander<br>Karavaev<br>Chief<br>Financial<br>Offcer<br>Yulia<br>Dementieva<br>General<br>Counel<br>Roman<br>Safyulin<br>Chief<br>Corporate<br>Development<br>Offcer<br>Natasha<br>Braginsky<br>Mounier<br>Chairperona<br>Independent<br>Director<br>Andrev<br>Sheppard<br>Independent<br>Director<br>Olga<br>Loskutova<br>Independent<br>Director<br>Tal<br>Shoham<br>Independent<br>Director<br>Andrey<br>Fadeev<br>Founder<br>and CEO<br>Marie<br>Holive<br>Independent<br>Director<br>Igor<br>Bukhman<br>Non-Executive<br>Director<br>Our Studios Leadership<br>Anton<br>Reinhold<br>CEO<br>Dmitry<br>Amroyan<br>CEO<br>Alexander<br>Vashchenko<br>Founder<br>and CEO<br>Leonid<br>Sirotin<br>Founder<br>and CEO<br>Directors<br>status matrix<br>Independent \(5\)<br>Executive \(¿\)<br>Non-executive \(¿\)<br>Board expertis<br>e<br>matrix<br>Game Indutry \(\)<br>Finance \(¿\)<br>Media \(¿\)<br>Conumer Good \(¿\)<br>Board gender<br>matrix<br>Male \(XT\)<br>Female \(T\)<br>11 GDEV Sustainability Report GDEV 2024 |
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| Cybersecurity<br>We have developed and implemented a cybersecurity<br>risk management program intended to protect the<br>confdentiality, integrity and availability of ourcritical<br>systems and information. Our cybersecurity risk<br>management program includes a cybersecurity incident<br>response plan.<br>We design and assess our program based on the<br>cybersecurity frameworks, such as the National Institute<br>of Standards and Technology Cybersecurity<br>Framework \(NIST CSF\), Open Web Application Security<br>Project Frameworks \(OWASP\).<br>Adopted training budget to support BoD members<br>to continue to learn on evolving topics such as climate,<br>sustainability and cybersecurity.<br>Cybersecurity risk<br>management and strategy<br>Our cybersecurity risk<br><br>management r\)gram incudes<br>Risk assessments designed to help identify material<br>cybersecurity risks to our critical systems,<br>information, products, services and our broader<br>enterprise IT environment;<br>A security team principally responsible for managing<br>\(1\) our cybersecurity risk assessment processes, \(2\)<br>our security controls, and \(L\) our response<br>to cybersecurity incidents;<br>Cyber security awareness training of our employees,<br>incident response personnel and senior<br>management;<br>A cybersecurity incident response plan that includes<br>procedures for responding to cybersecurity<br>incidents;<br>A third†party risk management process for key<br>service providers, suppliers and vendors.<br>Cybersecurity is o‹erseen by˜ ›oard<br><br>of Directors’ Audit and Risk Committee<br>Timur<br>Khannanov<br>GDEV Head<br><br>of Information Security<br>Marie<br>Holive<br>Audit and Risk<br><br>Committee Сhairperson<br>Over 16 cybersecurity training campaigns<br>have been conducted for employees<br>to mitigate the risks of online fraud and<br>enhance the understanding of cyber risks.<br>12 GDEV Sustainability Report GDEV 2024<br> “At GDEV, cybersecurity is a top priority at both the executive level and<br>throughout the organization. With millions of players engaging with our<br>games each month, it is crucial that we protect their data by adhering<br>to the highest standards of privacy and security. Our cybersecurity<br>practices are designed to safeguard the trust our players place in us.”<br>Marie Holi‹e<br>Audit and Risk Committee Сhairperson |
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| 13 GDEV Sustainability Report GDEV “ˆ<br>Our Future Goals<br>and Commitments<br>GDEV studiosʼ future sustainability plans uover<br>all 4 of our fouus areas. We believe<br>it is important to fouus on auhieving all goals<br>and make our work uomprehensive and<br>uomplete in order to make our plaues<br>of residenue, the gaming industry and the<br>entire world even better, uleaner and more<br>responsible.<br>Our studios<br>Our àÞÛiroÞÚàÞt<br>Our<br> Úàs D<br> àrs<br>Our oÚÚuÞitiàs<br>We are dediuated to ureating a positive and supportive<br>work environment by organizing events and autivities<br>that strengthen team spirit and enhanue our workplaue<br>uulture. 'o ensure ongoing improvement, we uonduut<br>annual employee satisfaution surveys, gather feedbauk,<br>and uontinuously refne our prautiues. We are<br>uommitted to e#panding employee benefts and<br>providing ample opportunities for professional and<br>personal growth through targeted training and<br>development programs.<br>GDEV is uommitted to supporting the environmental<br>agenda through realUlife autions and by promoting this<br>theme through our games. ur goal is to auhieve<br>uarbon neutrality for our Guope F emissions by FhTh,<br>undersuoring our dediuation to environmental<br>stewardship. Additionally, we are fouused on enhanuing<br>our waste and energy management prautiues, striving<br>to minimize the use of plastius and nonUreuyulable<br>materials in our offues to reduue our environmental<br>impaut.<br>We will uontinue to highlight souial uauses for our<br>uommunity by organizing speuial events in games that<br>will have repeutions in real life. ur uommitment e#tends<br>to addressing and mitigating offensive and abusive<br>behavior within our games, ensuring a positive and<br>inulusive environment for all players. We also plan<br>to uontinue partiuipating in the global Green Game €am<br>festival with our games, promoting environmental<br>awareness.<br>We are dediuated to supporting loual uommunities and<br>initiatives where our offues are louated. 'his inuludes<br>engaging in souial, sport and environmental autivities<br>and making uharitable donations. ur involvement in<br>publiu life will repeut our uommitment to souial<br>responsibility and uommunity engagement. |
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| SASB<br>INDEX |
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| SASB Index<br>15 GDEV Sustainability Report GDEV ®±®<br>Sustainability disclosure topics & accounting metrics<br>Topic Code Accounting Metric Location in the report / Response<br>Environmental footprint of hardware<br>Infrastructure<br>TC-SI-130a.1 \(1\) Total energy consumed, \(2\) percentage grid<br>electricity, \(3\) percentage renewable.<br>\(1\) Environment, \(2\) No data<br>available, \(3\) No data available<br>TC-SI-130a.2 \(1\) Total water withdrawn, \(2\) total water consumed,<br>percentage of each in regions with High or Extremely<br>High Baseline Water Stress.<br>No data available.<br>TC-SI-130a.3 Discussion of the integration of environmental<br>considerations into strategic planning for data center<br>needs.<br>No data available.<br>Data privacy and freedom of<br>expression<br>TC-SI-220a.1 Description of policies and practices relating to targeted<br>advertising and user privacy.<br>Privacy Policy<br>TC-SI-220a.2 Number of users whose information is used for<br>secondary purposes.<br>No data available.<br>TC-SI-220a.3 Total amount of monetary losses as a result of legal<br>proceedings associated with user privacy.<br>In 2023, we did not have litigation or<br>pre-trial proceedings that would<br>lead to the payment of<br>compensation or penalties<br>TC-SI-220a.4 \(1\) Number of law enforcement requests for user<br>information, \(2\) number of users whose information was<br>requested, \(3\) percentage resulting in disclosure.<br>No such requests have been<br>received. In any case, the disclosure<br>of user data is always carried out on<br>an individual basis<br>TC-SI-220a.5 List of countries where core products or services are<br>subject to government-required monitoring, blocking,<br>content ifltering, or censoring.<br>Any content-blocking restrictions do<br>not have a signiifcant impact on<br>GDEV’s business.<br>Data security TC-SI-230a.1 \(1\) Number of data breaches, \(2\) percentage that are<br>personal data breaches, \(3\) number of users<br>affected.<br>In FY23, GDEV did not experience a<br>security incident that had a material<br>impact on the business, required<br>regulatory reporting to authorities,<br>or incurred ifnancial penalties.<br>TC-SI-230a.2 Description of approach to identifying and addressing<br>data security risks, including use of third-party<br>cybersecurity standards.<br>Policies<br>Recruiting & managing a global,<br>diverse & skilled workforce<br><br>TC-SI-330a.1 Percentage of employees that require a work visa. 33% of employees require a<br>working visa.<br>TC-SI-330a.2 Employee engagement as a percentage. No data available.<br>TC-SI-330a.3 Percentage of \(1\) gender and \(2\) diversity group<br>representation for \(a\) executive management, \(b\) non-executive management, \(c\) technical employees, and \(d\)<br>all other employees.<br>Diversity, Governance |
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| SASB Index<br>16 GDEV Sustainability Report GDEV ´·´³<br>Topic Code<br>Code<br>Accounting Metric<br>Accounting Metric<br>Location in the report / Response<br>Location in the report / Response<br>Intellectual property protection &<br>competitive behavior<br><br>TC-SI-520a.1 Total amount of monetary losses as a result of legal<br>proceedings associated with anticompetitive behavior<br>regulations.<br>In 2023, we did not have litigation or<br>pre-trial proceedings that would<br>lead to the payment of<br>compensation or penalties.<br>Managing systemic risks from<br>technology disruptions<br><br>TC-SI-550a.1 Number of \(1\) performance issues and \(2\) service<br>disruptions; \(3\) total customer downtime.<br>In 2023, there were no signicant<br>performance issues or service<br>disruptions.<br>TC-SI-550a.2 Description of business continuity risks related to<br>disruptions of operations.<br>Information provided in SEC Form<br>F-1 Registration Statement.<br>TC-SI-000.A \(1\) Number of licenses or subscriptions, \(2\) percentage<br>cloudbased.<br>No data available.<br>TC-SI-000.B \(1\) Data processing capacity, \(2\) percentage outsourced. To reveal this indicator, we take vCPU data \(provided by<br>AWS\) and CPU data \(GDEV own facilities\) – the number<br>of working hours of each 1-core virtual processor, to<br>serve the company's data operation. We believe that<br>this gure can most accurately determine the amount of<br>processing power for the company's operation process.<br>Total 2023 – 45516505 vCPU hours.<br>TC-SI-000.C \(1\) Amount of data storage, \(2\) percentage outsourced. To reveal this indicator, we take: Facilities provided by<br>AWS: the amount of EBS \(high-performance block-storage service\) and S3 \(Simple Storage Service\) in Tb<br> & GDEV own facilities: disk storage in Tb. We believe<br>that these gures can most accurately determine the<br>amount of data storage for the company's operation<br>process. Total 2023 – 1184 Tb \(monthly on average\).<br>\[1\] The data are compiled according to the internal methodology for Nexters only, as Cubic Games was not consolidated from the<br>beginning of ´·´´.<br>Activity metrics\[1\] |
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| Policies<br>17 GDEV Sustainability Report GDEV ¡¤¡Ÿ<br>Code of conduct<br>GDEV’s Code of business conduct and ethics covers<br>employees’ compliance with laws, rules, and regulations<br>on bribery, copyrights, information privacy, insider<br>trading, competition and antitrust prohibitions,<br>employment discrimination or harassment, etc.<br>Inclusion & diversity<br>GDEVʼs Inclusion \( diversity policy was approved<br>in September 2023. It outlines the companyʼs and its<br>studios approach to providing and achieving equality,<br>fairness, and respect for all employees \(whether<br>temporary, part-time or full-time\), partners, and players<br>around the world regardless of their gender identity,<br>marital or family status, sexual orientation, age, disability<br>status, ethnicity, religious beliefs, cultural background,<br>country of origin, socio-economic background,<br>perspective and experience, and other characteristics.<br>Anti-corruption<br>Because we operate internationally, we comply with<br>anti-corruption laws and regulations imposed by<br>governments around the world with jurisdiction over our<br>operations, which may include the US Foreign Corrupt<br>Practices Act of 1977 \(the ‘FCPA’\) and the U.K. Bribery<br>Act 2010 \(the ‘Bribery Act’\), as well as the laws of the<br>countries where we do business.<br>Data privacy and security<br>GDEV respects the condentiality of data and strives<br>to ensure the highest level of protection. We collect,<br>process, store, use and share data, some of which<br>contains personal information, including the personal<br>information of our players. ‡ur business is therefore<br>subject to a number of federal, state, local, and foreign<br>laws, regulations, regulatory codes, and guidelines<br>governing data privacy, data protection, and data<br>security, including the collection, storage, use,<br>processing, transmission, sharing, and protection<br>of personal information.<br>What we do to maintain<br><br>the highest level of data<br>protection<br>The Privacy Policy describes what type of users’ data<br>is collected, for what purposes, and in which ways the<br>company may process it.<br>We encrypt the data during storage<br>and transmission;<br>we carry out two-stage user authentication<br>when requesting action with the data;<br>we improve the techniques and methods<br>of collecting, storing, and processing the data;<br>only authorized employees, consultants,<br>or interested groups of people who need access<br>to this information to perform their duties have<br>access to the data in encrypted and impersonal<br>form;<br>all the persons having access to the data are briefed<br>on working with data, and their knowledge and skills<br>are systematically checked. |
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| Disclaimers<br>18 GDEV Sustainability Report GDEV …ˆ…„<br>Purpose<br>Ttis presentati n tas been prepared bn GDEV Inc.<br>\(tte “ opann”\) and is being pr vided s leln<br>f r inf roati nal purp ses and f r pr viding<br>an intr ducti n t tte t tte opann’s business.<br>Tte inf roati n c ntained in ttis presentati n stall n t<br>be used f r ann tter purp se.<br>No representation or warranty<br>Tte opann btained certain industrn and oarket<br>data used in ttis presentati n fr o publicati ns<br>and studies c nducted bn ttird parties and estioates<br>prepared bn tte opann based n certain<br>assuopti ns. tile tte opann believes ttat<br>tte industrn and oarket data fr o external s urces<br>is accurate and c rrect, neitter tte opann n r ann<br> f tte opann’s affliates, eopl nees, advis rs<br> r representatives tave independentln verifed suct<br>data r s ugtt t verifn ttat tte inf roati n reoains<br>accurate as f tte date f ttis presentati n and neitter<br>tte opann n r ann f tte opann’s affliates,<br>eopl nees, advis rs r representatives oake ann<br>representati n r warrantn as t tte accuracn f suct<br>inf roati n. Sioilarln, tte opann believes ttat its<br>internal estioates are reliable, but ttese estioates tave<br>n t been verifed bn ann independent s urces.<br>Not an offer or soli!itation<br>Ttis presentati n d es n t c nstitute r f ro part f,<br>and st uld n t be c nstrued as, an ffer r s licitati n<br>t sell r purctase ann securities in tte United States<br> r in ann tter 5urisdicti n, r t participate in ann<br>pr 5ect in relati n t tte opann and its affliates.<br>Tte inf roati n c ntained in ttis presentati n d es n t<br>purp rt t c ntain all f tte inf roati n ttat<br>a pr spective purctaser r invest r oan desire.<br>In all cases, interested parties st uld c nduct tteir<br> wn investigati n and analnsis f tte opann and<br>tte inf roati n c ntained terein. Except as tterwise<br>expressln indicated, ttis presentati n speaks as f<br>tte date tere fF tte opann undertakes n bligati n<br>t update tte inf roati n c ntained terein, c rrect ann<br>inaccuracies ttat oan bec oe apparent r pr vide<br>tte recipient witt access t ann additi nal evaluati n<br>oaterial. Tte delivern f ttis presentati n d es n t<br>iopln ttat ttere tas been n ctange in tte opann’s<br>affairs after tte date tere f. Ttis presentati n is n t<br>a pr spectus, discl sure d cuoent r ffering<br>d cuoent, and d es n t c nstitute an ffer r invitati n<br>t appln f r securities under ann law.<br>In particular, ttis presentati n stall n t f ro tte basis<br> f r be relied n in c nnecti n witt ann c ntract<br> r c ooitoent wtats ever.<br>No liaYility<br>T tte oaxiouo extent peroitted bn law, eact f tte<br> opann, and its affliates, related b dies c rp rate,<br>direct rs, ffcers, partners, eopl nees, agents and<br>advisers disclaio all liabilitn and resp nsibilitn \(wtetter<br>in t rt \(including negligence\) r tterwise\) f r ann direct<br> r indirect l ss r daoage wtict oan be suffered bn<br>ann pers n ttr ugt use f r reliance n anntting<br>c ntained in, r oitted fr o, ttis presentati n.<br>Cautionary statement regarding<br>forward-looking statements<br> ertain stateoents in presentati n oan c nstitute<br> “f rward-l king stateoents” f r purp ses f US federal<br>securities laws. Suct stateoents are based n current<br>expectati ns ttat are sub5ect t risks and uncertainties.<br>In additi n, ann stateoents ttat refer t pr 5ecti ns,<br>f recasts r tter ctaracterizati ns f future events<br> r circuostances, including ann underlning<br>assuopti ns, are f rward-l king stateoents.<br>Tte f rward-l king stateoents c ntained in ttis<br>presentati n are based n tte opann’s current<br>expectati ns and beliefs c ncerning future<br>devel poents and tteir p tential effects n tte<br> opann. Ttere can be n assurance ttat future<br>devel poents affecting tte opann will be tt se ttat<br>tte opann tas anticipated. F rward-l king<br>stateoents inv lve a nuober f risks, uncertainties<br>\(s oe f wtict are ben nd tte opann’s c ntr l\)<br> r tter assuopti ns. Y u st uld carefulln c nsider tte<br>risks and uncertainties described in tte “Risk Fact rs”<br>secti n f tte opann’s 2023 Annual Rep rt n F ro<br>20-F, fled bn tte opann n April 2, 202$, and tter<br>d cuoents fled bn tte opann fr o tioe t tioe witt<br>tte Securities and Exctange ooissi n. St uld ne<br> r o re f ttese risks r uncertainties oaterialize,<br> r st uld ann f tte opann’s assuopti ns pr ve<br>inc rrect, actual results oan varn in oaterial respects<br>fr o tt se pr 5ected in ttese f rward-l king<br>stateoents. F rward-l king stateoents speak nln<br>as f tte date tten are oade. Readers are cauti ned n t<br>t put undue reliance n f rward-l king stateoents,<br>and tte opann undertakes n bligati n t update<br> r revise ann f rward-l king stateoents, wtetter as<br>a result f new inf roati n, future events r tterwise,<br>except as oan be required under applicable securities<br>laws. |
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| Thank<br>you |
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