Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Environmental
• Social
• Climate Change

Environmental Achievements

• Reduced CO2 emissions from 7.9 metric tons in 2020 to 4.4 metric tons in 2021 by downsizing corporate offices and transitioning to a remote workforce.
• Implemented reduce, reuse, and recycle initiatives (water filters, reusable cups, company-supplied water bottles).

Social Achievements

• Maintained optional remote work policy, improving employee well-being and attracting talent.
• Hired dedicated HR professionals to expand programs and benefits.
• Donated more than 2,000 trees through a partnership with One Tree Planted.
• $25 million pledge to the Minority Depository Institution (MDI) Keepers Fund.

Governance Achievements

• Added ESG oversight at the board level by expanding the Nominating and Corporate Governance Committee’s responsibilities and created an ESG Task Force.
• Fortified the Code of Conduct to include a ban on discrimination, commitment to safe work ecosystems, fair labor standards, and ensuring products and services meet the highest safety and environmental standards.

Climate Goals & Targets

Environmental Challenges

• Transforming business model to a platform for procurement, purchase, and financing of EV solutions.
• Significant changes from acquisitions, increasing workforce and operational complexity.
• Market acceptance of new products and services.
• Potential climate-related risks to employees and operations (especially in high-risk areas).

Mitigation Strategies

• Holistic risk management approach incorporated into decision-making.
• Remote work policy to mitigate commute risks and reduce carbon footprint.
• Cloud-based computing to prevent business disruption from physical server damage.
• Assessment of climate risk for employees using Moody's ESG data and Four Twenty Seven's Sub-Sovereign Physical Climate Risk Scores.
• Plans to evaluate climate risk of subsidiaries and manufacturing facilities in subsequent years.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Conduct applied to vendors; plans to implement supplier questionnaires and sustainability KPIs.

Climate-Related Risks & Opportunities

Physical Risks

• Floods, heat stress, hurricanes, sea level rise, water stress, wildfires

Transition Risks

• Not disclosed

Opportunities

• Growth in low-carbon transportation sector.

Reporting Standards

Frameworks Used: SASB, TCFD, UN SDGs

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Electric vehicles, charging solutions, energy solutions.

Awards & Recognition

• Not disclosed