Heritage Global Inc.
Climate Impact & Sustainability Data (2021-2024, 2022)
Reporting Period: 2021-2024
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Circular Economy
- Ethical Supply Chain
- Transparency
- Trust
- Communication
Environmental Achievements
- Facilitates the circular economy by diverting useful industrial assets from landfills.
Social Achievements
- Operates an ethical supply chain by overseeing post-sale account activity of financial assets.
- Prominent in both the industrial and financial side of the business due to the level of transparency, trust, and communication provided to all parties involved (clients, buyer, partners).
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Grow Asset Base, Increase Net Operating Income, Drive Long-Term Shareholder Value
- Improve balance sheet strength and free cash for opportunistic investments such as industrial asset purchases and real estate acquisitions
- Invest principal remittances into higher quality, more profitable loans collateralized by portfolios bought at lower prices
Short-term Goals:
- Grow number of forward flow fortune 1000 clients
- Expand traction into additional geographies and verticals
- Broaden client base by converting more institutions into outsourcing loan sales
- Expand onboarded borrower's base
- Continue to invest in IT and security infrastructure to uphold clients' trust
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Overseeing post-sale account activity of financial assets
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:56,000 metric tons of GHG (2021 & 2022, updated in 2024)
Waste Generated:Over 42,000 tons (2021 & 2022)
ESG Focus Areas
- Corporate Governance
- Circular Economy
- Supporting Local Communities
Environmental Achievements
- Helped save over 56,000 metric tons of greenhouse gas emissions and over 42,000 tons of waste to landfills in 2021 and 2022 (Note: This data was updated in 2024 using a Spend-Based Emissions Factors Approach).
Social Achievements
- Near 100% employee retention rate.
- Assisted more than 20 small organizations and individuals in 2022.
- Offers a generous monthly health insurance reimbursement program to supplement health benefits plans.
Governance Achievements
- Established transparent policies related to conflicts of interest, bribery and corruption, intellectual property, and data security.
- Board of Directors with 75% independent members and 38% female representation (as of 12/31/22).
Climate Goals & Targets
Long-term Goals:
- Incorporate external stakeholder feedback in ESG Materiality Assessment.
- Join an external organization to promote meeting ESG objectives.
Medium-term Goals:
- Perform a client case study utilizing data on material, emissions, and cost savings.
Short-term Goals:
- Broaden initiatives and contributions to local communities.
- Provide all employees time off for a day of service to a local non-profit.