Climate Change Data

Environmental Metrics

ESG Focus Areas

• Human Capital Management
• Business Ethics
• Product Responsibility
• Data Privacy and Cybersecurity
• Diversity, Equity, and Inclusion
• Climate Change Strategy

Environmental Achievements

• Launched a social impact program, Exploration to Equity, to increase community inclusion and resilience by creating equitable access to spaces.
• Partnered with a specialist carbon accounting firm to gather data on greenhouse gas (GHG) emissions and calculate GHG footprint.
• Partnered with an environmentally responsible manufacturer for next-generation camera (Pro3), eliminating much of the trans-Pacific transportation and significantly shortening freight forwarding distances.

Social Achievements

• Launched Exploration to Equity program, providing free access to the Matterport platform and support to qualifying US-based non-profit organizations, K-12 public schools, and public universities.
• Launched EMERGE talent development program for underrepresented groups.
• Audited hiring practices to ensure fairness, transparency, objectivity, and inclusivity.
• Implemented Courageous Discussions forum for employees to discuss important social issues.
• Established six Employee Resource Groups.

Governance Achievements

• Revised Global Code of Conduct and Ethics to incorporate views on environmental operational compliance and sustainability.
• Implemented an anonymous and multilingual ethics hotline.
• Implemented a company-wide compliance training program.

Climate Goals & Targets

Environmental Challenges

• Scope 3 emissions in the value chain, including purchased goods and services, distribution, and employee commuting (more than 99% of total emissions).
• Carbon cost of high-precision cameras.
• End-of-life phase considerations for professional cameras.

Mitigation Strategies

• Partnered with an environmentally responsible manufacturer for next-generation camera (Pro3) to reduce transportation emissions.
• Working with third-party specialists to explore ways to increase recycled content in packaging.
• Exploring ways to enable customers to change batteries in products themselves to reduce repair service submissions.
• Favoring suppliers that collect and disclose their emissions data.

Supply Chain Management

Responsible Procurement

• Revised Global Code of Conduct and Ethics to include commitment to build resilience and use natural resources efficiently; asking suppliers to consider their impact on the environment; favoring suppliers that collect and disclose their emissions data.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Sustainability Accounting Standards Board (SASB)

Certifications: SOC 2 Type II Attestation

Environmental Metrics

ESG Focus Areas

• Human Capital Management
• Business Ethics
• Product Responsibility
• Data Privacy and Cybersecurity
• Diversity, Equity and Inclusion (DEI)
• Climate Change

Environmental Achievements

• Closed Kansas facility in August 2022 to increase efficiency.
• Diverted more waste to recycling.
• Responsibly disposed of e-waste.
• Encouraged email usage rather than in-person meetings.
• Reassessed and changed the Pro3 camera supply chain to minimize logistics carbon footprint and utilize an ISO 9000 certified facility manufacturing 100% RoHS compliant components.
• Sent 100% of electronic waste to a certified specialist recycling firm in 2022.

Social Achievements

• Launched EMERGE talent development program for underrepresented groups.
• Held 9 companywide events by Matterport ERGs.
• 100% of Matterpeeps completed Unconscious Bias training.
• Launched Matterport Cares Week with 83 participants and 214 volunteer hours.

Governance Achievements

• Revised Global Code of Conduct and Ethics to incorporate environmental operational compliance and sustainability.
• Implemented a Supplier Code of Conduct and Supplier Qualification Process.
• Matterport Cloud achieved SOC2 Type 2 attestation.

Climate Goals & Targets

Environmental Challenges

• Increase in expenditures on third-party services leading to a 37% increase in total emissions from 2021 to 2022.
• Evolving climate risks and uncertainties.
• Lack of consistency and harmonization among countries regarding data privacy regulations.

Mitigation Strategies

• Further consolidating facilities to reduce environmental impacts and increase cost efficiency.
• Optimizing opportunities to act in an environmentally responsible way and prioritizing potential areas of climate risk exposure.
• Closely monitoring the legal and regulatory landscape and diligently addressing privacy-related policies and programs as appropriate.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Supplier Qualification Process
• Environmental policy alignment and commitments to reducing environmental impact

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB, UN Global Compact, UN Sustainable Development Goals

Certifications: SOC 2 Type II

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 7
• SDG 9
• SDG 10
• SDG 11
• SDG 12
• SDG 13

See Appendix for details.

Sustainable Products & Innovation

• Pro3 camera with removable battery

Awards & Recognition

• Comparably Awards