GDEV Inc 6-K, filed Nov 8, 2022
GDEV Inc. (GDEV)
About this 6-K
GDEV Inc filed this 6-K on November 8, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of November 2022
Commission File Number: 001-40758
Nexters Inc.
(Translation of registrant’s name into English)
55, Griva Digeni
3101, Limassol
Cyprus
Telephone: +35722580040
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
EXPLANATORY NOTE
On November 8, 2022, Nexters 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 Sustainability Report is attached to this Form 6-K as Exhibit 99.2.
SIGNATURE
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: November 8, 2022
| Nexters Inc. | ||
| By: | /s/ Alexander Karavaev | |
| Name: Alexander Karavaev | ||
| Title: Chief Financial Officer | ||
EXHIBIT INDEX
| Exhibit | Description |
| 99.1 | Press release dated November 8, 2022 |
| 99.2 | Sustainability Report |
Exhibit 99.1
Nexters publishes inaugural Sustainability report
November 8, 2022 – Limassol, Cyprus – Nexters Inc. (NASDAQ: GDEV), an international game development company (“Nexters” or the “Company”) announces the release of its inaugural Sustainability Report inspired by SASB Standards. This report describes Nexters’ philosophy and progress in social initiatives as well environment efforts and recent improvements in governance. Nexters will continue to report annually on its sustainability strategy and refine future objectives in this area.
“Since the beginning of our collaboration as entrepreneurs, we have been crafting a corporate culture which reflects our personal ideals and beliefs. Our game development business is centered around people, whether they are our employees, partners, communities around or players in all parts of the globe. Positive impact on people is a core principle, enabling us to think long-term and build a business that is antifragile despite all the headwinds and turmoil. This is at the heart of our sustainability strategy”, said Andrey Fadeev and Boris Gertsovskiy, Nexters’ co-founders.
Nexters’ Chairperson of the Board of Directors, Natasha Braginsky Mounier, added: “I am delighted that sustainability is becoming an integral part of the mainstream corporate mindset. Game developers have a unique ability to reach and influence over three billion players around the world. Nexters takes this responsibility and opportunity to heart through progressive diversity, environmental and governance practices. Despite the geopolitical turmoil of the past year, Nexters continues to be focused on employees’ safety and wellbeing, engaging with local communities and delivering for our players. This is a solid foundation for the company's further development as a global interactive entertainment market player”.
You can find the report as well as the new Sustainability section on our website - investor.nexters.com/en/sustainability.
About Nexters
Nexters is an international game development company which, thanks to such hit games like Hero Wars, Throne Rush, and others, reached over 200 million installs worldwide and became one of the top five independent mobile game companies in Europe. Headquartered in Cyprus, Nexters is built upon a team of inspired gaming professionals from more than 20 countries. Please find more information about Nexters at: https://nexters.com and follow Nexters on LinkedIn and Twitter.
Contacts:
Investor Relations
Roman Safiyulin | Chief Corporate Development Officer
rs@nexters.com
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 the Company’s control) or other assumptions. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the registration statement on Form F-1, initially filed by the Company on September 22, 2021, as most recently amended, 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.
| REPORT SUSTAINABILITY Contributing to gaming’s positive impact on the world November 8, 2022 |
| CONTENTSFOUNDERS’ MESSAGE3 SASB DISCLOSURES27 RISK MANAGEMENT26 CORPORATE GOVERNANCE24 ABOUT NEXTERS5 OUR SUSTAINABILITY STRATEGY6 GLOBAL GAME INDUSTRY AND ITS IMPACT8APPENDIX30 COMPANY TIMELINE32 FOCUS AREAS10 Focus area 1: Our team . . . . . . . . . . . . . .10Focus area 2: Our players . . . . . . . . . . . . .14Focus area 3: Our communities . . . . . . .17Focus area 4: Our environment . . . . . . . .20 |
| Andrey FADEEV, Co-founder, CEOBoris GERTSOVSKIY, Co-founder, head of R&D 2010Andrey Fadeev and Boris Gertsovskiy first meet2014Andrey and Boris unite companies under a new brand – Nexters. 2012Andrey’s company Progrestar and Crazy Bit founded by Boris start their partnership2020Nexters becomes one of the Top 5 independent mobile game developers in Europe .2021Nexters becomes a publicly listed company GDEV NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 3 |
| Andrey Fadeev and Boris Gertsovskiy, co-founders of NextersFrom the inception of Nexters a decade ago, we have been inspired by the challenge of building a sustainable strategy for Nexters to become a global gaming leader. Nexters was born through the merger of our two studios and the respective teams were united by our long term vision for a thriving and impactful business .Core to our ethos as founders is a culture of respect, resilience and collaboration . As executives and substantial shareholders, we feel accountable to each other, our employees, customers, and partners . Through our rapid expansion in a fast growing industry, we have developed a deep sense of our responsibility towards all stakeholders .Even before becoming a publicly listed company, we embraced the importance of communication and transparency . In this tradition, we are proud to deliver this inaugural sustainability report . Our policies and practices reflect our beliefs. We hope this helps build trust and dialogue within our company and throughout the gaming industry .As citizens of the world, we are acutely aware of the challenges facing the environment and society. Though our business is not carbon intensive, we strive to mitigate our environmental impact through corporate initiatives and efficiency. Human capital is critical to our success and the long term stability of societies around the world. Hence, we focus our policies on accessing social mobility opportunities and just employment practices. Similarly, we have further heightened our corporate governance practices and board diversity standards . We believe these principles are the heart of our business and can produce broad positive impact . Our sustainability strategy reflects a three pronged approach in ESG reporting: Core, Local, and Global. We based it on a combination of SASB’s materiality matrix and the UN SDGs. At Nexters, strategy and execution go hand-in-hand . Our sustainability strategy is supported by a coherent, comprehensive and increasingly measurable framework of policies. These policies drive our resource allocation to a supportive and inclusive corporate culture, recycling and emissions reduction initiatives, and demonstrating our commitment to the communities in which we live and work. Some of our existing policies and traditions already support our sustainability strategy, such as sponsoring local sports events, contributing to the budding IT ecosystem in Cyprus, and joining charity programs to help gamers with special needs.We see through our work how games can have such a positive impact on society. This FOUNDERS’MESSAGE engaging form of interactive entertainment provides personal satisfaction and relief from hectic schedules of today’s stressful lifestyle . Games are a creative outlet and help people of all ages and profiles to cope with the pressures of the moment – this is why the demographics are so inclusive. A recent survey showed that 48% of gamers in the US are women of all ages! According to numerous studies, games play a meaningful role in forming our personality and developing our skills and knowledge, and for many, they are an integral part of life from youth .Gaming also has a positive impact on the people that make games . For many independent and geographically remote artists, programmers and content creators, the gaming industry is a place to collaborate and to engineer an immersive experience for billions of players worldwide.Gaming has become part of the social technology of our world. And we hope that Nexters will achieve even more impact to enhance our positive influence on the world, players and everyone around us, promoting our values and unique corporate culture far beyond the company . NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 4 |
| ABOUT NEXTERS Top 100Over $ 1 blnRich pipelineTop 3Over 150 mln8+ mlnIndependent and diverse BoardThe first European gamedev company on NASDAQMajority independent directors, demonstrating international, professional and gender diversityHeadquartered in Cyprus, EU grossing game worldwide of lifetime bookings accumulatedof new casual projects in various genresgrossing RPG titles in 2021 Top-3independent mobile game companies in Europe* 20+ countriesInternational team working all over the globe installs since launchinstalls since launch in total +57%DESKTOPASIA +90% DESKTOP32%68%MOBILE 13х booking growth in 2018-2021Rapid 2021 bookings growth across platforms and geographiesMultiplatformGames available on mobile and desktop platforms 100+ mln installsNexters’ first successful social games * Bookings are a key operating metric of Nexters, defined as sales contracts generated from in-game purchases and sales of advertisement in a given period. ** Based on in-game purchases net of platform fees over January – December 2021 (data provided by AppMagic), excluding developers owned by other companies. NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix |
| OUR SUSTAINABILITY STRATEGY We have fundamental social and environmental principles that drive our sustainability strategy . As explained in our Founders’ message, our approach is focused on integral practices, giving back to local communities, and contributing to gaming’s positive impact to the world. According to our sustainability strategy, we highlight three pathways which represent different levels of Nexters’ impact on the world. This division implies varying degrees of engagement and impact: within the company, certain local and global communities .In order to benefit our stakeholders, the environment, and society, we have identified the most important aspects of our daily activities and their impacts. We have grouped these activities into four focus areas that reflect our interaction with the world in terms of sustainability. We also align with the UN SDGs and provide overall guidance for the company’s development activities and operations . Moreover, we consider SASB Software & IT Services Standard to be a benchmark on our approach to processing of sustainable development indicators .OUR TEAM COREMeet ESG standards and requirements in IT industry.LOCALBe responsible and giving back to local communities.GLOBALContribute to the gaming’s positive impact on the world.OUR PLAYERSCOMMUNITIESENVIRONMENTFOUR FOCUS AREASAPPROACHED IN A THREE PATHWAYS STRATEGY NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 6 |
| GoalsOur contribution ไWe employ people solely on the basis of their professional skills and do not discriminate based on race, gender, origin ไInclusion and Diversity policy is in progress and is expected to be approved by the BoD ไSpecial tools for reporting harassment and abuse in the workplace, which registered 0 allegations of discrimination in 2021 ไMaintaining employees’ financial well-being and providing decent payment ไClear career opportunities ไStrict observance of labor rights ไBroad charity program ไAnti-discrimination policy ไIT education for children in Cyprus ไEvents to support people with special needs ไEnergy-efficient workplaces and servers ไReducing the power consumption of devices when playing our games ไWaste reduction ไImplementation of environmental initiatives in the countries of presence ไLow carbon footprint of data centers ไEvaluation of possibilities to achieve net-zero emissions ไEnvironmental agenda in our gamesUN SUSTAINABLE DEVELOPMENT GOALS We have identified five UN Sustainable Development Goals (UN SDGs), where the company can make the biggest impact. To achieve these goals, Nexters has developed several relevant initiatives. NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 7 |
| SUSTAINABILITY & GLOBAL GAMING Gaming is a globally popular and growing form of entertainment, which can be a platform for encouraging sustainability. The size of the global gaming market is twice as large as the digital music and movie markets combined.Games are an important part of our culture and create social ties. Now, mobile games play a major role in the industry thanks to the broad penetration of smartphones, mobile games accessibility, and a wide variety of genres and monetization opportunities. With mobile games now accounting for over half of total global gaming, this channel is a natural platform for advocating sustainability. It is perhaps a surprise to many that the gaming user base is geographically, generationally and gender diverse - 48% are women (based on the US data). At Nexters, we see this as a powerful opportunity to encourage gamers to embrace environmental protection, social inclusion and diversity of talent. We are expressing this through the content and character development of our games, having a variety of characters from different backgrounds and origins, and promoting various important socio-cultural themes through our games.GLOBAL GAMES MARKET, $ BLNGaming market 2х larger than movie and music markets combined1 Mobile gaming accounts for 51% of the industry2 Gamer Demographics of the global population under 40 play games with an average weekly playtime of 7 hours33.2 billiontotal players in 20224 FEMALEMALE48%52% 10-2021-3536-5051-65 21313117 AGE SPLIT, %INDUSTRY OVERVIEW 20172021116180 +50% x251% Asia-PacificMiddle East & AfricaEuropeLatin AmericaNorth America 55%13%15%10%7% GEO SPLIT, % Asia-PacificMiddle East & AfricaEuropeLatin AmericaNorth America 55%13%15%10%7% 80% NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 8 |
| MOST COMMON POSITIVE EXPERIENCES OF VIDEO GAMING IN THE UNITED STATES AS OF JUNE 20215, % 9289878785836462Helped other playersMade friendsFelt that I belonged to a communityDiscovered new interestsLearned about interesting topicsLearned about myselfFound a partnerFound a mentorShare of respondents For example, a 10-year study found that teens and young adults who play games outperform non-gamers in a number of cognitive functions6. They can better switch between different tasks and distribute their attention between moving objects. Some studies have also shown that gamers have more gray matter, i.e., the outer layer of the brain that processes information7. Games also contribute to psychological health. While playing with other people, leadership qualities are manifested and intellect develops, which is especially important for children8. Video games have also been proven to facilitate subsequent real-world collaboration and strengthen social bonds, which was especially important during the COVID-19 lockdowns9. Moreover, games are a relief from hectic schedules, boring days, and stressful lifestyles and they help many cope with today’s difficulties and uncertainties10. Game impact In our opinion, based on numerous scientific researches, safe games with a reasonable amount of time spent greatly contribute to personal development and positively affect their well-being and psychological health.Video games can help build11 (among players)88%Cognitive skills86%Creative skills86%Teamwork and collaboration skills63%Communication skills61%Leadership skills NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 9 |
| OUR TEAM FOCUS AREA ONE EQUALITY, DIGNITY, AND JUSTICEMOTIVATION AND BENEFITS TALENT DEVELOPMENTWORKFORCE DIVERSITYEMPLOYEE WELL-BEING NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 10 |
| Equality, dignity, and justice Nexters’ key principles regarding discrimination and misconduct:Practical MeasuresEqualityAll employees, regardless of their position or employment time in the company, have equal rights DignityEvery employee must have a respectful and friendly attitude to each other JusticeEvery employee must demonstrate justice, fairness, and honesty to their colleagues and partners Monthly meetings with C-level managers to discuss the company’s challenges, achievements and plans.Working tools for managing misconduct or discrimination in the workplace.Protection against discrimination in the recruitment process is ensured by criteria-based technical interviews. As an industry leader, Nexters strives to attract the best employees and enable the professional development of the team. We welcome talented and motivated people irrespective of their gender, race, ethnicity, and other characteristics .We value each of our employees, endeavor to develop their professional skills while avoiding mental burnout and excessive work hours. We also cultivate a friendly environment and develop an open corporate culture that comes from founders and management. At Nexters, employees can combine their love for games with their professional ambition and pursuit of excellence.2022 changesAs we have published earlier, in June 2022, on the back of a number of economic, industry, company-related and geopolitical factors, such as Russian Military Conflict in Ukraine, Nexters had to make some significant changes to its headcount and corporate governance .The changes impacted 235 employees located in Russia, Cyprus, Turkey, Armenia, Georgia, and other countries . This was a tough decision that had to be made due to external factors. It helped to increase the effectiveness of the team that has grown significantly over the past year. To explain the reasons for headcount changes, we held a conference call of founders and management with all employees to clarify the current situation . Each employee was provided with a compensation package that included a supplemental cost-of-living adjustment payment, insurance renewals, relocation compensation, and other types of financial and psychological support . Nexters also has intensified its relocation program to move people located in Russia and Belarus to Cyprus, Armenia & other safe-harbor locations by the end of 2022 with the aim of providing a comfortable and safe environment for our employees and sustainability for the company . NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 11 |
| Motivation and benefits Maintaining the financial well-being of employees and providing decent payment for their amazing work is one of the company’s goals, which allows us to retain employees for years.We closely monitor the salary market and periodically conduct research on all gamedev specializations employed by Nexters. We also have a special bonus program, so every employee can be awarded for outstanding work. There are also special payments in emergency situations. In addition, Nexters stock option program is also being developed to motivate employees and keep them in the company. We are proud of employees who have been successfully working in the company for a long period of time and reward them with special precious metal badges after reaching a new term milestone.Initiation period completed 3 years 5 years 7 years 10 years Workforce diversityFrom the very beginning, we have never allowed discrimination and infringement on the basis of gender, sexual orientation, race or any other individual characteristic, that has allowed us to achieve significant results in terms of workforce diversity.Among Nexters employees, there are people working from over 20 countries. Furthermore, the share of women among employees grew from 31% in 2019 to 38% in 2021, which had a positive effect on the cohesion of our team. The share of women holding managerial positions exceeded 35% in 2021. We also provide flexible conditions for employees during pregnancy and maternity leave. 201920202021 38%35%31%62%65%69% MenWomen 268424 809 20192020202138%35%31%62%65%69% MenWomen 268424809 Talent developmentAt Nexters, great attention is paid to the professional development and career path of employees. In fact, the vast majority of our middle and senior executives achieved their positions while working at the company; this demonstrates how Nexters provides opportunities for advancement. The most important areas of Nexters employees’ training and development are IT, project management and courses for designers and producers in order to enhance our leadership in game development. In 2021, the company organized 56 different courses and training programs and invested more than $100,000 in them.TOTAL HEADCOUNT, END OF THE YEAR NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 12 |
| Nexters features a dedicated corporate culture group, which supports and encourages our employees’ sense of well-being. It is headed by Olga Gertsovskaya. The group looks after employees’ needs, tracks team spirit, designs and delivers group events throughout the year, and offers a variety of free or subsidized sports & social activities – online and in person, including corporate soccer, volleyball and yoga classes. Various lectures and educational seminars on important topics were also organized. This is a key part of our effort to be an attractive employer as talent acquisition and retention are vital to our success.Nexters also pays special attention to employees’ mental health. We provide professional psychological assistance to enable employees to identify and deal with burnout symptoms at an early stage. Nexters has an agreement with an online vendors that provide psychological support, as well as free subscription to meditation app that is used by 100+ employees.During the COVID-19 lockdowns, we helped our employees financially to equip their homes for comfortable, remote working. Once COVID restrictions were lifted, we held more than 35 team-building events. The biggest one was the unforgettable Nexters FEST, which brought together for three days company’s employees from all over the world with memorable performances from famous musicians. Also, over the past year, we have distributed to employees more than 10.000 corporate merch items.Employee well-being OUR ACTIONS 1 2 3 4Continue to make Nexters the best place to work, valuing all employees properly Develop tools that allow employees to grow professionally and receive fair remuneration, including stock optionsRemain committed to the principles of equal opportunity for all employeesPromote our best practices within acquired companies while maintaining a unique work culture in established teams Olga Gertsovskaya Head of Employee Well-being“I have been with Nexters since the very beginning and my main task has always been to embody the founders’ ideas and aspirations among employees in order to keep the company the best place to work. It is vital nowadays to appreciate each employee and strive to make their time with Nexters unforgettable”. NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 13 |
| FOCUS AREA TWO OUR OUR GAMESETHICAL GAME CHARACTERIZATION AND CONTENTPLAYER PROTECTION AND IN-GAME COMMUNITIES NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 14 |
| Our gamesNexters’ main goal for games is to create an immersive experience which remains engaging for many years . Our core aims are to stimulate emotional and innovative gameplay experiences for our players, as well as to continuously improve our games. That’s why we are constantly adding new content, organizing in-game events and festivals to attract and engage even habitual players. Hence it is vital to support users when they have a technical problem with the game – and we have hugely progressed in this area .Nexters’ games have a broad social function to unite people with guilds, clans and constant communication between players. While increasing our core player base, we are also promoting universally recognized values such as love for one’s neighbor, mutual support, kindness, and the equality of all people .Player protection and in-game communitiesWe want everyone to be able to enjoy our games in a safe, friendly, and positive environment. Offensive language, personal attacks, spam, threads hijacking, trolling, cheating, or any other behavior that negatively impacts the players are not allowed in Nexters’ gaming communities Our official gaming communities are managed by a team of experienced community managers and moderators. The community department works with technical experts within the company to resolve the issues with an automated bot that monitors and removes such comments in real-time. Moreover, we have high rates in terms of the speed of solving user problems and are constantly working to improve*. When working with official communities we are guided by Community Rules, Rules for Parents, and Fan Content Policy, as well as by the rules of every platform we work with. Ethical game characterization and content Given the popularity of our products, we need to be especially careful in devising content and functionality. In particular, we’re working to represent diversity within our games, avoid toxic content and abusive behavior, and ensure safe gaming for minors. Currently, we develop games for ages 12+, and adult content is prohibited in our games. We rigorously screen games to avoid unintentional bias by verifying the content by a diverse reviewing team at all stages, from concept to the pre-release version. The procedure helps us to avoid unintended discrimination or cultural appropriation. In all our new projects, women and people of different nationalities and cultures are widely represented. We are committed to bringing people together through games. That’s why we always care for in-game diversity, which is confirmed by the presence of women among the main characters of our games. Despite the fact that we don’t reveal too much about the characters’ personal lives, there are some that are perceived by a large number of players as LGBTQ+.Solving problems and user support technically and ethically is our priorityFIRTFURT ~11 hours26minutes20222020 ~40 hours~2.5 hours20222020 We believe that rapid player support is crucial for any gaming company. When our players face any issues, whether technically related, or players’ complaints on offensive behavior, we strive to react fast and solve the issue rapidly. In recent years, we have significantly improved such indicators as First Reply Time (FIRT) and Full Resolution Time (FURT), which confirms our player oriented approach.*. Detailed data given in appendix NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 1 |
| Island Questaway: a female character case studyIn this game, the themes of humanism, equal opportunities, and respect for different cultures are largely expressed through the character and image of the protagonist . A young aristocrat in the early 20th century abandons her traditional social role to fulfill her dreams . Much of the plot is built around her path to self-realization . Secondary characters of different nationalities, cultures, and social groups become friends or enemies of the protagonist depending on their actions . One of the main themes of the game is women’s rights. OUR ACTIONS 1 2 3 4 5Continue to release multi-year games that players will enjoy for many yearsPromote universal ideas and values through our gamesContinue to keep diversity in our gamesContinue to patrol offensive and toxic behavior in our gaming communities .Join global gaming organizations NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 16 |
| FOCUS AREA THREE OUR COMMUNITIES LOCAL COMMUNITIESCHARITY PROJECTSPROFESSIONAL COMMUNITIES NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 17 |
| Local CommunitiesWe’re engaging with our local communities, supporting IT education as well as developing public infrastructure in the places where we work, making them better for residents. We focus on numerous local initiatives and foster close relationships with local communities. For example, Nexters is actively involved in various environmental, social, sports, and educational projects in Cyprus, constantly expanding the number of local level activities. For example, we support the international EdTech platform KidIT which provides offline courses focusing on creativity development through technology for Cypriot children. Thanks to this initiative, local children start studying computer science from childhood for free and acquire valuable skills and knowledge for today’s world.Charity projectsOur approach is simple—we believe that charity support should be an integral part of our lives. Our approach to charities is to support local sports and social initiatives, as well as those related directly to our professional area, such as support for gamers with special needs. We are also interested in minimizing the damage of various global threats that affect a large number of people, such as COVID-19. Also, we encourage our employees to support various volunteer projects independently and help those in need. For Nexters, it is very important to positively affect people and the environment around us: local residents where we operate, gamedev communities, IT forums and organizations in various countries around the world. We want our success and achievements to contribute to the development of cities and regions of our presence, as well as the entire global game development industry . For the third year in a row, we offered our support to the One Special Day charity event that raises money to help gamers with special needs. All the money made by the mobile version of Hero Wars in the UK on this day went towards this good cause.Professional communities Nexters has been actively participating in and supporting various IT & gamedev forums and initiatives for many years so that studios and professionals can share their knowledge and contribute to their mutual development of one another. The most important projects we actively participate in are the Cyprus IT Forum, which gathers more and more professionals every year, and Techisland, a platform that unites the largest IT companies and contributes to the growth of technology and the innovation ecosystem in Cyprus. NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 1 |
| Join global-scale initiatives and programs 2 3 1OUR ACTIONSMaintain our charity activities Participate in a greater number of socially significant local events in Cyprus and other countries where we operateIn recent years Nexters has participated in numerous charity and communities support projects, including: KidIT, a Nexters-supported international EdTech platform of offline courses that focuses on creativity development through technology for Cypriot children Cyprus IT Forum, an event focused on the developments of ML / AI and investments in technology Techisland, a project for the growth of the technology and innovation ecosystem in Cyprus. Professional communitiesSportsCharity One Special Day, a charity event for gamers with special needs in 2020, 2021 and 2022 Nexters’ charity initiative ‘You Run! We Donate’, direct donations to Social Supermarket to help people in needCOVID-19 charity donations to hospitals in need of medical supplies City Friends Club, a project for sponsoring regular cleaning of the island and eco-educational programs Sponsoring a large-scale sports events: Marathons in Larnaca & Limassol (Cyprus) Triathlon NOK, a Nexters-supported triathlon club NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 19 |
| FOCUS AREA FOUR OUR GREENHOUSE GASES EMISSIONSENERGY USESUSTAINABLE AND ENERGY-EFFICIENT WORKSPACESWASTE REDUCTION NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 20 |
| 20202021Emissions saved on Amazon Web Services Estimated emissions 53.440.40.40.2 Greenhouse gases emissionsESTIMATED GHG EMISSIONS (SCOPE 2), METRIC TONS CO2EEMISSION PER EMPLOYEE (HEADCOUNT BY THE YEAR-END), METRIC TONS CO2EIn 2021, our estimated emissions increased due to growing energy consumption mainly connected to hiring new employees, opening new offices, increasing MAU (amount of players in our games) and partial back to office work arrangement due to the removal of most COVID restrictions. See more on the calculation method and emission factors in Appendix Our core business has relatively low environmental intensity but our corporate culture is focused on the long term and hence we want to further reduce our environmental impact. We therefore strive to reduce our environmental impact and carbon footprint. Key areas of our concern are energy usage, climate impact, the responsible use of natural resources, and waste reduction. As Nexters grows and increases its impacts, we’ve put in place a strategy, targets, and metrics to manage and monitor our environmental efforts. We are currently evaluating the possibility for determining Nexters’ carbon emissions net-zero target (Scope 2). We also commit to provide a time frame for achieving this target in our next Sustainability report.Data centers carbon footprint We use Amazon Web Services (AWS), one of the most energy-efficient and environmentally friendly solutions on the market. According to AWS, its solutions can lower a workload’s carbon footprint by 88% for the median-surveyed US enterprise data centers12, and compared to European data enterprise centers, up to 96% once AWS is powered with 100% renewable energy13.We have 100% of our AWS facilities located in the EMEA region, where more renewables are on the grid; this allows us to be more energy efficient, use fewer natural resources, and make fewer carbon emissions. In addition, by 2025 our servers and data centers should be fully powered by renewable energy sources14.AWS’s infrastructure was found to be 3.6 times more energy efficient than the median of surveyed enterprise data centers15, with more than two-thirds of this advantage due to a more energy-efficient server population and higher server utilization. AWS has early access to the latest server technology and adopts new, energy-efficient server platforms faster than enterprise data centers. AWS CARBON EMISSIONS, METRIC TONS CO2E16 Data provided by AWS 201920202021123117146 2019202020210.460.280.18 NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 21 |
| Energy useCommitment to energy efficiency is one of Nexters’ long-term goals. To help achieve our objective, we use the latest technologies that allow us to meet high energy efficiency standards and ensure low electricity consumption*.Sustainable and energy-efficient workspacesWe tent to be conscious of using high quality equipment, with high rates of energy efficiency, in our offices. In 2020, all Nexters offices switched to LED lamps, which significantly reduced energy consumption. Also, we are introducing light sensors to save electricity. In 2021, we introduced separate waste collection in all our offices. In total, more than 16 tons of recyclable materials were collected and sent for processing.Plastic disposable tableware is replaced with eco-friendly products made from biodegradable materials. We use eco-pens, which are 70% biodegradable.Our offices have special containers for collecting used batteries. Every year we collect and recycle about 60kg of batteries in our offices. Since 2019, we have been collecting plastic caps from PET bottles. The caps are taken to collection points for recycling. Every year we collect about 100kg of caps. In 2022, we organized a clothing exchange event in our offices to promote a conscious consumption and waste-saving agenda.In 2021, we also took part in cleaning up Cyprus beaches and promoting our eco-initiatives among the local community in the city of Limassol. Waste reduction For many years we have been introducing a continuous series of measures to improve our waste management. ELECTRICITY CONSUMPTION, THOU KWH 201920202021357.4279.5334.7 We are planning to expand our program to separate and recycle materials, including recycling used light bulbs. We are making our merchandise more environmentally friendly by avoiding disposable packaging and reusing shopping bags, glasses, and mugs. We plan to further expand our recycling program and reduce waste generation in 2022 and beyond. RecyclablesMixed waste 16,50046,000 32,500kgTOTAL QUANTITY * It is not possible to determine the consumption of heat and water, because it is included in the rent; information on counters is given throughout the whole business center. NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 22 |
| OUR ACTIONSIn-game environmental thinkingWe pay particular attention to the environmental agenda in our games: ไIn Island Questaway, an industrial tycoon, ready to destroy the unique culture and nature of the islands for his own profit, is the main antagonist of the game . ไIn Hero Wars there is a group of characters called the Grove Keepers. They protect nature from insatiable orcs and demonic creatures that represent uncontrolled consumption and an approach to nature based on mindless exploitation of the environment. Reducing power consumption on devices playing our gamesWe constantly strive to optimize our mobile games in order to reduce their power consumption and carbon footprint. For all versions of each game, optimizations and power reductions have always been accompanied by client profiling, reducing data traffic transferred between the server and the client. 1 2 3 4 5Increase awareness among our employees of environmental issues and develop eco-initiatives within the companyEnsure low energy and water consumption, expand the recycling program and reduce waste and emissions to reduce climate changeEvaluate possibilities to achieve net-zero emissionsIncorporate an environment-friendly and conscious consumption way of life in our gamesJoin global environmental initiatives NEXTERS SUSTAINABILITY REPORTFounders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 23 |
| GOVERNANCE The board and management approachNexters’ board of directors and management team pay great attention to sustainable development and are dedicated to implementing best practices related to the environment, social, and governance components of the company’s agenda. The board of directors is contributes to defining the company’s sustainability objectives and determines its sustainability strategy for the benefit of its stakeholders.Board compositionBOARD ANALYSIS, % CORPORATE A FADEEV Chief Executive Officer Alexander KARAVAEV Chief Financial Officer Anna KORZH Head of People Operations Anton REINHOLD Chief Operating Officer Roman SAFIYULINChief Corporate Development Officer Andrey KUZNETSOVChief Investment Officer ManagementBOARD EXPERTISE MATRIXNexters’ board of directors is diverse in terms of professional experience and background. We base the formation of the board on the skills and expertise we require to achieve our goals.In 2022, we made changes to the board of directors, significantly increasing the number of independent directors and women. We believe that these changes will help us increase the commitment and support from the board of directors to meet today’s challenges. % of independent directors% of female directors 2021 202214294371 Game industryFinance MediaConsumer Goods 4111 Game industryFinance MediaConsumer Goods 4111 Yulia DEMENTIEVAGeneral Counsel Olga GERTSOVSKAYAHead of Employee Well-being Founders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 24 NEXTERS SUSTAINABILITY REPORT |
| Board membersAreas of responsibilityProfessional experience- Global business- Finance- ESG- Game Industry- Business growth- Strategy- Game Industry- Business growth- Strategy- Game industry- Investments- Integrations- Investments / M&A- Game industry- Marketing- Entertainment & media- Audit- Global business management- Consumer Goods - Global business and general management- Product development and Brand Marketing Natasha BRAGINSKY MOUNIER Andrey FADEEV Dmitrii BUKHMAN Andrew SHEPPARD Marie HOLIVE Olga LOSKUTOVA Tal SHOHAM Non-executive independent directorExecutive directorNon-executive directorNon-executive independent directorNon-executive independent directorNon-executive independent directorNon-executive independent director Audit comittee:Nomination and Compensation Committee:ChairpersonChairpersonChairpersonCommittee memberCommittee member Founders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 2 NEXTERS SUSTAINABILITY REPORT |
| In 2022, Nexters faced a number of new negative external factors:By now, Nexters has implemented a number of anti-crisis initiatives, including: The mobile gaming industry is a highly competitive industry with low barriers to entry and an ever-increasing number of industry players.In addition, the purchasing power of our customers is largely dependent on favorable economic conditions. Market downturns, global pandemics, military operations, or natural disasters that leave our players vulnerable can have a significant impact on the company.The COVID-19 pandemic has made us well prepared for any rapid change. Negative factorsAnti-crisis initiativesAn increasing likelihood of a general macroeconomic downturnRising inflation in key marketsGeopolitical turmoil in Europe and Post-Soviet statesOther factorsMeasures to optimize costs Focus on the most important operations of the companyIntensified its relocation program to move people located in Russia and Belarus to safe-harbor locationsThe situation requires constant hard work and a clear vision from each team member. However, we are confident that the experience and dedication of the team will allow us to overcome even this serious crisis. RISK MANAGEMENT Founders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 26 NEXTERS SUSTAINABILITY REPORT |
| SASBDISCLOSURES Sustainability disclosure topics & accounting metrics CodeAccounting MetricLocation / ResponseTC-SI-130a.1(1) Total energy consumed, (2) percentage grid electricity, (3) percentage renewable Energy useTC-SI-130a.2(1) Total water withdrawn, (2) total water consumed, percentage of each in regions with High or Extremely High Baseline Water Stress No data availableTC-SI-130a.3Discussion of the integration of environmental considerations into strategic planning for data center needs Energy useGHG emissions CodeAccounting MetricLocation / ResponseTC-SI-220a.1Description of policies and practices relating to behavioral advertising and user privacy Nexters Privacy PolicyTC-SI-220a.2Number of users whose information is used for secondary purposes No data available for 2021, we plan to disclose it in future reportsTC-SI-220a.3Total amount of monetary losses as a result of legal proceedings associated with user privacyIn 2021, we did not have litigation or pre-trial proceedings that would lead to the payment of compensation or penalties.TC-SI-220a.4(1) Number of law enforcement requests for user information, (2) number of users whose information was requested, (3) percentage resulting in disclosureNo such requests have been received. In any case, the disclosure of user data is always carried out on an individual basisTC-SI-220a.5List of countries where core products or services are subject to government-required monitoring, blocking, content filtering, or censoringAny content-blocking restrictions do not have a significant impact on Nexters’ businessEnvironmental footprint of hardware InfrastructureData privacy and freedom of expression Founders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 27 NEXTERS SUSTAINABILITY REPORT |
| CodeAccounting MetricLocation / ResponseTC-SI-230a.1(1) Number of data breaches, (2) percentage involving personally identifiable information (PII), (3) number of users There have been no data breaches in 2021, so no users were affectedTC-SI-230a.2Description of approach to identifying and addressing data security risks, including use of third-party cybersecurity standards Appendix: PoliciesData securityRecruiting & managing a global, diverse & skilled workforceIntellectual property protection & competitive behavior CodeAccounting MetricLocation / ResponseTC-SI-330a.1Percentage of employees that are (1) foreign nationals and (2) located offshoreAs of December 31, 2021,1. 99% non-Cypriot2. 86% located outside CyprusTC-SI-330a.2Employee engagement as a percentageNo data availableTC-SI-330a.3Percentage of gender and racial/ethnic group representation for (1) management, (2) technical staff, and (3) all other employees Workforce diversityThe board composition CodeAccounting MetricLocation / ResponseTC-SI-520a.1Total amount of monetary losses as a result of legal proceedings associated with anticompetitive behavior regulationsIn 2021, we did not have litigation or pre-trial proceedings that would lead to the payment of compensation or penalties. SASBDISCLOSURES Founders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 28 NEXTERS SUSTAINABILITY REPORT |
| Managing systemic risks from technology disruptions CodeAccounting MetricLocation / ResponseTC-SI-550a.1Number of (1) performance issues and (2) service disruptions; (3) total customer downtime In 2021, there were no significant performance issues or service disruptions. Some players had to re-login to the game or experienced unavailability of games for several minutes. The median time of average services unavailability was 5 minutes. Total downtime in 2021 was 520 minutes. However, disruptions did not affect all players or all games at the same time.TC-SI-550a.2Description of business continuity risks related to disruptions of operations Information provided in SEC Form F-1 Registration StatementActivity metrics* CodeAccounting MetricLocation / ResponseTC-SI-000.A(1) Number of licenses or subscriptions, (2) percentage cloudbasedNo data availableTC-SI-000.B(1) Data processing capacity, (2) percentage outsourcedTo reveal this indicator, we take vCPU data (provided by AWS) and CPU data (Nexters own facilities) - the number of working hours of each 1-core virtual processor, to serve the company’s data operation. We believe that this figure can most accurately determine the amount of processing power for the company’s operation process.Total 2021 - 27550860 vCPU hoursTC-SI-000.C(1) Amount of data storage, (2) percentage outsourcedTo reveal this indicator, we take: Facilities provided by AWS: the amount of EBS (high-performance block-storage service) and S3 (Simple Storage Service) in Tb & Nexters own facilities: disk storage in Tb. We believe that these figures can most accurately determine the amount of data storage for the company’s operation process.2021 - 620 Tb (monthly on average) SASBDISCLOSURES * The data are compiled according to the internal methodology for 2022 by applying reduction factors to previous periods. Founders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 2 NEXTERS SUSTAINABILITY REPORT |
| APPENDIX POLICIES Code of conductNexters’ Code of business conduct and ethics covers employees’ compliance with laws, rules, and regulations on bribery, copyrights, information privacy, insider trading, competition and antitrust prohibitions, employment discrimination or harassment, etc.Inclusion & diversityNexters’ Inclusion & diversity policy is now in progress. It will outline the company’s approach to providing and achieving equality, fairness, and respect for all employees (whether temporary, part-time or full-time), partners, and players around the world regardless of their gender identity, marital or family status, sexual orientation, age, disability status, ethnicity, religious beliefs, cultural background, country of origin, socio-economic background, perspective and experience, and other characteristics.Anti-corruptionBecause we operate internationally, we comply with anti-corruption laws and regulations imposed by governments around the world with jurisdiction over our operations, which may include the US Foreign Corrupt Practices Act of 1977 (the ‘FCPA’) and the U.K. Bribery Act 2010 (the ‘Bribery Act’), as well as the laws of the countries where we do business. Data privacy and securityNexters respects the confidentiality of data and strives to ensure the highest level of protection. We collect, process, store, use and share data, some of which contains personal information, including the personal information of our players. Our business is therefore subject to a number of federal, state, local, and foreign laws, regulations, regulatory codes, and guidelines governing data privacy, data protection, and data security, including the collection, storage, use, processing, transmission, sharing, and protection of personal information. What we do to maintain the highest level of data protection: ไwe encrypt the data during storage and transmission; ไwe carry out two-stage user authentication when requesting action with the data; ไwe improve the techniques and methods of collecting, storing, and processing the data; ไonly authorized employees, consultants, or interested groups of people who need access to this information to perform their duties have access to the data in encrypted and impersonal form; ไall the persons having access to the data are briefed on working with data, and their knowledge and skills are systematically checked.The Privacy Policy describes what type of users’ data is collected, for what purposes, and in which ways the company may process it. Founders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix NEXTERS SUSTAINABILITY REPORT |
| GHG EMISSIONS GHG EMISSION FACTORS, KG PER MWHCALCULATED GHG EMISSIONS (SCOPE 2), METRIC TONS CO2E Other locations: Scope 2 emissions for the former Moscow offices closed in 2022 are calculated based on energy consumption data (see in the ‘Energy use’ section) in accordance with the methodology of the GHG Protocol using national (Russian) greenhouse gas emission factors. We used factors provided by the JSC Administrator of the Wholesale Electricity Market Trading System as it takes into account the specifics of the Russian energy system, which are not specified in international standards.Emission factors in the Russian Federation exist only for the years 2020-2021. Therefore, to calculate GHG emissions in 2019, an average factor was adopted that differs from the factor for 2020 by seven units. The 2021 factor has changed by the same amount in relation to 2020. Since the country’s energy balance has not undergone drastic changes over the years and the energy system has been developing smoothly, we considered it possible to extrapolate the rate of change to 2019.Scope 2 emissions for the Cyprus offices are calculated using the data of the European Environment Agency. We used GHG emission intensity factors for electricity generation in Europe. 201920202021Other locations Cyprus 336.0329.0322.0646.0623.0642.0 201920202021Other locations Cyprus 76.463.9107.669.353.114.9 Founders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix 31 NEXTERS SUSTAINABILITY REPORT |
| COMPANYTIMELINE 2010201620212022201820192020201220132014Nexters story dates back to 2010 when the future friends and founders of Nexters first met.Those days Andrey Fadeev (now Cofounder and CEO at Nexters) was running Progrestar, a social games development studio, and Boris Gertsovskiy (now Cofounder at Nexters) was shaping his plans on starting a game business.Nexters starts to grow its presence with a new office in Cyprus and launches Hero Wars – an action RPG which became a blockbuster with dozens of millions fans around the world.Nexters went public on Nasdaq via SPAC deal with Kismet Acquisition One Corp at a valuation of $1.9 billion.Two new casual games released – Chibi Island & Island Questaway. Nexters Boost program is launched. Its aim – to help smaller developers by sharing expertise and providing funds needed to launch new games and building successful international businesses.First acquisition and investment deals – Cubic Games, RJ Games, and Royal Ark.Nexters takes a strategic decision to switch its focus on mobile platforms and starts scaling mobile versions of its games.Igor and Dmitriy Buchman, founders of Playrix – a world’s Top 3 mobile gaming company, acquire a stake in Nexters.Nexters drives an almost four times growth in bookings and total install base within a year and is now ranked as one of Top 10 independent mobile game developers in Europe*.Hero Wars monthly active users (MAU) grows more than five times.Nexters expands firmly on the international marketand becomes one of the Top 5 independent mobile game developers in Europe**.US share becomes the largest and now exceeds ⅓ of the company’s bookings, while the total install base reaches almost 100 million players.Boris Gertsovskiy became the President of Crazy Bit, a social games development studio.Progrestar and Crazy Bit start their partnership – both teams are moving to new offices in the same office center, studios hold regular mutual events and share best practices.Progrestar released Throne Rush, a strategy game which later became one of the most popular social games on Facebook and VK.Later Throne Rush became a part of the new company’s portfolio.Andrey and Boris decide to combine efforts and continue their gaming business under a new brand – Nexters.Island Experiment, Nexters’ first casual game released on social networks. * Based on in-game purchases net of platform fees between January and December 2019, according to data provided by AppMagic.** Based on in-game purchases net of platform fees between January and November 2020, according to data provided by AppMagic. Founders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix NEXTERS SUSTAINABILITY REPORT |
| REFERENCES NoDescription1Everything You Need to Know About Gaming - AGC Partners (2021 Report)2Newzoo Global Games Market Report3Newzoo 2021 Generation Report4Newzoo Global Games Market Report5Most common positive experiences of video gaming in the United States as of June 20216Scientific Reports journal – Reaction time and working memory in gamers and non-gamers7The Wall Street Journal – Videogames Don’t Ruin Kids’ Brains. They Might Even Help.8National Library of Medicine – Gaming Your Mental Health: A Narrative Review on Mitigating Symptoms of Depression and Anxiety Using Commercial Video Games9ResearchGate – The Effects of Playing Video Games on Stress, Anxiety, Depression, Loneliness, and Gaming Disorder during the Early Stages of the COVID-19 Pandemic10ResearchGate – Mobile gaming and recovery: Exploring the impact of stress and recovery experience on the use of mobile games for stress recovery.11The Entertainment Software Association (ESA) “2022 Essential Facts About the Video Game Industry” Report12Reducing carbon by moving to AWS13, 14Sustainability in the Cloud15Reducing carbon by moving to AWS16Carbon Footprint Reporting - Customer Carbon Footprint Tool Founders’ message | Sustainability strategy | Focus areas | Corporate Governance | SASB Disclosures | Appendix NEXTERS SUSTAINABILITY REPORT |
| DISCLAIMER Forward-looking statements Certain statements in this report 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 report 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 registration statement on Form F-1, initially filed by the Company on September 22, 2021, as most recently amended, 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 up-date 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. Founders’ message | Sustainability strategy | Focus ar NEXTERS SUSTAINABILITY REPORT eas | Corporate Governance | SASB Disclosures | Appendix 34 |
