Coda unveils ESG roadmap to drive data privacy, ethics, and sustainability
"We're proud to release Coda's first ESG report, a key step in our journey as a trusted global digital commerce partner," said Shane Happach, CEO of Coda. "From reducing carbon emissions to enhancing data security, we are taking concrete steps to build a responsible and resilient business. This is just the beginning, and we'll continue working with stakeholders to drive meaningful impact."
Key Highlights:
Carbon Reduction: A 30% reduction in carbon footprint by 2030 (from a 2023 baseline) and net-zero emissions by 2040 through energy-efficient office spaces and partnerships with cloud providers using carbon-free energy.
Employee Well-being & Engagement: Achieve an engagement score of >80% by 2026.
Governance & Transparency: Publish an annual ESG report with a gradually expanding scope of disclosures, and consider aligning with a recognized reporting framework by 2026.
Data Security & Transparency: Achieve ISO 27001 certification by 2026 and maintain zero major data breaches. Formalize a quarterly security dashboard and externally publish a summary of our security efforts by 2025. Finally, to gradually work towards SOC 2 compliance for key systems by 2027.
Key Next Steps:
Internal Alignment: To support these targets, Coda will establish an internal ESG Steering Committee in 2025 to drive cross-functional execution of ESG initiatives and monitor progress on targets.
Data Enhancement: Strengthen ESG data collection systems by implementing tools that enable more detailed and accurate tracking, such as enhanced measurement of carbon emissions at a granular level.
Policy Updates: Develop or update policies to support target achievement. For example, a Green Procurement Policy to favor low-carbon suppliers.
Benchmarking: Continue to benchmark against industry peers and standards to inform our strategy.
Stakeholder Engagement: Increase engagement with both internal and external stakeholders on ESG. Internally, communicate the ESG roadmap to all employees so they understand our collective goals and their role in achieving them. Externally, gather feedback from investors, partners, and even customers on what ESG information they care about most, to ensure our reporting remains relevant.
Coda will regularly update our ESG priorities and targets to adapt to changing regulations, stakeholder needs, and new opportunities like emerging technologies. Our goal is a flexible ESG program that can respond to evolving challenges.
You can access the full report here.
The issuer is solely responsible for the content of this announcement.
About Coda
Founded in 2011, Coda brings over a decade of experience in delivering commerce solutions and strategies that drive revenue growth. Trusted by more than 300 publishers—including industry titans like Activision, Bigo, Electronic Arts, Moonton and Riot Games—Coda grows revenue and deepens customer engagement for our partners by connecting them to 200M+ paying customers worldwide. Coda's commerce, payment and distribution solutions include Custom Commerce, a fully customizable web store, Codapay, which provides direct API payments integration on publishers' websites, Codashop, the go-to online marketplace for millions of gamers worldwide to purchase in-game content and Distribution, where we extend the reach of Codashop content across our network of trusted commerce partners. Headquartered in Singapore with 400+ Codans globally, Coda has most recently been recognized as an APAC High Growth Company (2023) by the Financial Times, one of Granite Asia's NextGenTech 30 (2024), a payments leader in Fortune's Fintech Innovation Asia list (2024), and listed in The Straits Times Fastest Growing Fintechs (2024).
Coda
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Kyndryl unveils agentic AI framework that dynamically evolves to drive enhanced business performance
The Kyndryl Agentic AI Framework self-organizes, scales, and securely executes tasks across diverse IT estates and complex workflows to increase efficiency and innovation for impact Al Riyadh – Kyndryl, a leading provider of mission-critical enterprise technology services, today launched the Kyndryl Agentic AI Framework, a new approach to deploying agentic AI to augment human teams. The enterprise-grade Framework orchestrates and dispatches a portfolio of specialized, self-directed, self-learning AI agents that dynamically respond to shifting conditions and keep humans in the loop for oversight. The Kyndryl Agentic AI Framework enables enterprises to adopt, deploy and scale agentic AI-powered solutions – whether on-premises, in the cloud or in a hybrid IT setting – to transform and improve their business operations. In deploying the Framework, Kyndryl leverages its expertise from thousands of infrastructure deployments and its experience with generating over 12 million AI-driven insights monthly via Kyndryl Bridge. The Framework combines advanced algorithms, self-learning, optimization and secure-by-design AI agents that translate complex data into clear, understandable insights. 'Across the Middle East, we're witnessing a bold shift—from AI as a tool to AI as a trusted partner in national transformation. From Abu Dhabi's ambition to enable the world's first fully AI-native government by 2027, to Saudi Arabia's national strategy to embed AI into the fabric of public and private enterprise, both signal that the region is embracing intelligent systems that act with purpose and precision,' said Pieter Bil, Senior Vice President and Managing Director of Kyndryl in the Middle East and Africa. 'At Kyndryl, our Agentic AI Framework is designed to meet this moment—empowering governments and enterprises to deploy AI with confidence across mission-critical systems, with scalability and industry-standard security, aligned with their strategic ambitions and cultural values.' This new Framework comes at a critical moment for enterprise leaders who are struggling to see benefits from AI use cases. In fact, according to Kyndryl's Readiness Report, nearly 8 in 10 leaders in the Middle East are investing in AI, but only half of them are seeing a return on investment. Customers across industries are already working with Kyndryl to explore and understand how they can leverage the Agentic Framework's sophisticated capabilities, including: A national government evaluating the Kyndryl Agentic AI Framework for a large-scale deployment across their complex IT estate. The government aims to enhance citizen experiences, improve public service, ensure compliance and reduce regulatory risks by leveraging the Framework and Kyndryl's expertise in transparent and responsible AI. This will empower government stakeholders to align policies with best practices and operate efficiently for the benefit of their constituents. The capability will enable government employees to view real-time, up-to-date insights on metrics such as traffic congestion, hospital bed availability and school attendance. As part of an ongoing modernization program, a leading financial institution is working with Kyndryl Consult to assess how it can apply Kyndryl's Agentic AI Framework to introduce AI agents for automating compliance, optimizing IT and accelerating service delivery. By leveraging this solution, the institution aims to enhance agility, strengthen cyber resilience, meet regulatory standards, and drive long-term innovation and operational efficiency. The Kyndryl Agentic AI Framework can help organizations confidently deploy AI with trust and security in mind. The Framework was built with industry-standard encryption protocols, privacy-by-design principles and zero-trust security – fostering trust in AI-driven processes and assurances that agent actions are traceable, interpretable and continuously improved with human oversight. It can also be tailored to meet enterprises' needs and adapt to industries through self-directed learning, enabling organizations to apply the Framework to a wide range of use cases and projects with speed and confidence. Kyndryl Consult experts will work side-by-side with customers to assess, design, engineer and plan deployments of the Framework that are tailored to individual customer business requirements. For more information, visit: About Kyndryl Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the Company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit Annual Report on Form 10-K, and may be further updated from time to time in the Company's subsequent filings with the Securities and Exchange Commission.
Zawya
5 hours ago
- Zawya
UAE and Saudi Arabia cement Gulf's dominance in Global ESG sukuk market in H1
Gulf nations dominated global environmental, social, and governance (ESG) sukuk activity in the first half of 2025, accounting for over 50% of total issuances, according to a new report by Fitch Ratings. Saudi Arabia and the UAE were the primary drivers of this growth. Globally, outstanding ESG sukuk rose more than 12% year-on-year to reach the equivalent of $50 billion in the first six months of 2025, the rating agency said. Nasdaq Dubai emerged as a key hub for US dollar-denominated ESG sukuk listings, alongside European exchanges such as Frankfurt, London, and Stuttgart. The issuer base increased in the second quarter of 2025, with UAE-headquartered Omniyat Holdings issuing the first green sukuk, rated 'BB-'. The period also saw Saudi Arabia issuing new guidelines for green, social, and sustainability-linked debt instruments. Fitch expects ESG sukuk issuance to moderate in the third quarter of 2025 due to seasonal summer trends in key markets, before rebounding in the last quarter of the year. The global ESG sukuk is likely to surpass $60 billion outstanding by the end of 2026. However, geopolitical risks, evolving Sharia requirements, oil price volatility, and greenwashing concerns are likely to slow ESG sukuk issuance, the report said. Fitch rates about three quarters of the global dollar ESG sukuk market, almost all of which is senior unsecured, and about 1% subordinated.
Zawya
5 hours ago
- Zawya
Abu Dhabi completes 95% of first phase of Environmental Centennial 2071 plan
ABU DHABI – The Environment Agency – Abu Dhabi (EAD), in collaboration with its strategic partners, announced that 95 percent of the first phase plan of the Abu Dhabi Environmental Centennial 2071 was successfully completed by the end of 2024. This remarkable success was achieved in only the second year of the plan's rollout in 2023 - further driving the emirate's environmental sustainability agenda with the ambitious goal of making Abu Dhabi a global leader in environmental and climate action by 2071. The Government of Abu Dhabi has achieved 359 milestones and positive outcomes under the plan, with 63 initiatives exceeding their targeted goals. These achievements were made possible through the active participation of several key government entities including the Department of Municipalities and Transport – Abu Dhabi, the Department of Culture and Tourism – Abu Dhabi, the Department of Energy – Abu Dhabi, the Department of Government Enablement – Abu Dhabi, the Abu Dhabi Agriculture and Food Safety Authority, the Abu Dhabi Investment Office, the Abu Dhabi Public Health Centre, Abu Dhabi Mobility, and Abu Dhabi Maritime. The government's international collaborations also span more than 24 countries worldwide to help fulfil the plan's objectives. Commenting on this achievement, Sheikha Al Mazrouei, Executive Director of the Integrated Environmental Policy and Planning Sector at EAD, said, 'This remarkable achievement, which has exceeded expectations, is the result of collaborative efforts among leading government entities that place sustainability at the heart of their priorities – fully aligned with Abu Dhabi's vision. These outcomes reflect our strong belief in collective action and the spirit of positivity that continues to guide us and our partners forward in achieving the Abu Dhabi Environmental Centennial 2071 goals.' The first pathway, 'a vibrant emirate, thriving in nature,' achieved an 88 percent completion rate, encompassing several key accomplishments. These include the implementation of a comprehensive aquaculture development plan, the launch of the UAE's first hydrogeological map – which serves as a national reference for groundwater resource assessment – plus the development of a comprehensive sustainable agricultural development plan and the creation of an integrated air quality modelling framework. Other milestones include the launch of Abu Dhabi's Guide for the Safe Use of Bicycles and E-scooters, the update of infrastructure guidelines for micro-mobility, and the development of a research agenda and observatory plan for indoor air quality in priority sectors. The second pathway, 'green force resilient to climate change', exceeded its set targets, reaching a completion rate of 102 percent. This pathway saw the implementation of numerous projects and initiatives, including the development of the 2025-2050 Environmental Climate Adaptation Plan in conjunction with 41 entities, the establishment of smart agriculture standards to ensure sustainable food security and the formulation of a comprehensive energy sector policy framework, consisting of 93 initiatives extending to 2035. It also included the design and implementation of hydrogen and electric bus charging infrastructure, and the launch of electric bus operations – a project that went on to win a global innovation award in sustainability. Additional achievements include the development of a Marine Sector Sustainability Action Plan and the Abu Dhabi Energy and Water Efficiency Strategy 2030. Under the third pathway, 'enablers for future environmental leadership,' participating entities achieved a 97 percent completion rate. Highlights include the launch of the Emirate's 'Dark Sky' general policy – an initiative aimed at reducing nighttime light pollution – and the introduction of a community engagement initiative to co-design solutions for air and noise quality. In the area of environmental education and awareness, Abu Dhabi hosted the 12th World Environmental Education Congress (WEEC), reinforcing international cooperation and launched the seventh edition of the Sustainable Schools Initiative. Additionally, a Marine Sustainability Research Centre was established under the emirate's marine sector, and 'Sukun' – the world's largest 3D-printed water taxi- was launched. An intelligent soil quality monitoring system was also developed, integrating AI, remote sensing and spectroscopy for pollutant detection. The Environment Agency – Abu Dhabi, in collaboration with its strategic partners, continues to strengthen Abu Dhabi's leadership role in environmental and climate action.
