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