Climate Change Data

Robinhood Markets, Inc.

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Living our Values
  • Access and Inclusion
  • Education and Support
  • Transparency and Security
  • Investing in Our Talent
  • Governing Responsibly
  • Operating Sustainably

Environmental Achievements

  • Completed first carbon footprint (2019 fiscal year data)

Social Achievements

  • Number of women on Robinhood tripled in 2020
  • Black investors represented 9% of Robinhood’s customer base in 2020 (compared to 3% at competitor firms)
  • Hispanic investors accounted for 16% of Robinhood’s customers in 2020 (compared to 7% at competitor firms)
  • Grew customer support team by 3x in 2020
  • Launched in-app learning experience in early 2021 covering investing basics
  • Robinhood Learn had over 7 million page views as of March 31, 2021
  • Robinhood Snacks newsletter and podcast had nearly 32 million subscribers as of March 31, 2021
  • Hired first Vice President of Inclusion, Equity & Belonging (IEB) to expand IEB strategic initiatives
  • Hired first Chief Security Officer

Governance Achievements

  • Expanded Board to include several new independent directors in 2021
  • Five of seven directors are independent (as of the report date)

Climate Goals & Targets

Environmental Challenges

  • January 28th, 2021 market volatility triggered increased collateral deposit requirements, leading to temporary trading restrictions on certain securities
Mitigation Strategies
  • Working to ensure the January 28th, 2021 event won't happen again
  • Investing in systems to handle up to three times the volume of peak traffic, eliminating single points of failure

Supply Chain Management

Responsible Procurement
  • Engaging shuttle, meal and snack vendors about ways to minimize environmental impacts
  • Contracting third party colocation data centers and cloud services with zero emissions or public commitment to achieve zero emissions

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol

Awards & Recognition

  • 'Great Place to Work®' certification (2021)
  • #3 on LinkedIn’s Top Startups list (2020)
  • Glassdoor Best Place to Work (2021)
  • 2021 TIME100 Most Influential Company
  • Forbes Fintech 50 list
  • #1 on CNBC’s 2021 Disruptor 50 list
  • 2021 Fortune Best Workplaces in the Bay Area™ List
  • Built In “Top Startups” List for San Francisco and Colorado
  • 2021 Fortune Best Workplace in Financial Services & Insurance™
  • 2021 Fortune Best Workplaces for Millennials™ list