Climate Change Data

HubSpot, Inc.

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:58,493 tCO2e
Scope 1 Emissions:0 tCO2e
Scope 2 Emissions:3,824 tCO2e
Scope 3 Emissions:56,957 tCO2e
Renewable Energy Share:100% of office electricity usage
Total Energy Consumption:5,623 MWh
Water Consumption:17,697 m3
Waste Generated:39 tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Action
  • Equity for People and Communities
  • Good Governance

Environmental Achievements

  • Achieved carbon neutrality for Scope 1 and 2 through green energy tariffs and Energy Attribute Certificates (EACs).
  • Offset 4,500 metric tons of Scope 3 emissions through investments in nature-based and renewable energy projects.

Social Achievements

  • Increased BIPOC employee representation to 37%
  • Introduced new employee retention initiatives.
  • Raised $300,000 for charity partners and contributed $104,249 in employee volunteering time.
  • Donated $353,500 to support Ukraine relief efforts.

Governance Achievements

  • 70% of the Board identifies as a woman and/or person of color.
  • Nominating and ESG Committee composed entirely of women.
  • Adopted a Code of Use Good Judgment (Code) for ethical business conduct.

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero emissions (target year not specified).
Medium-term Goals:
  • Develop a strategy toward reaching net zero emissions.
  • Align events with ISO 20121:2012 requirements.
Short-term Goals:
  • Develop science-based emission reduction targets aligned with SBTi criteria within 24 months.

Environmental Challenges

  • Addressing Scope 3 emissions.
  • Maintaining a diverse and inclusive workplace.
  • Balancing remote and in-office work.
  • Supporting communities during global uncertainty.
Mitigation Strategies
  • Developing science-based emission reduction targets.
  • Implementing a global framework to align diversity, inclusion, and belonging (DI&B) efforts.
  • Investing in wellness programming and hybrid work initiatives.
  • Supporting communities through employee volunteering, donations, and partnerships.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: SASB, GRI, TCFD, UNGC, UN SDGs

Certifications: LEED Platinum (HubSpot House, Dublin)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • #2 Best Place to Work by Glassdoor
  • #4 Best Company for Global Culture by Comparably
  • #4 Best Company for Women by Comparably
  • #31 100 Best Companies to Work for by Great Place to Work®

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:52,581 tCO2e/year
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:3,006 tCO2e/year (location-based), 1,296 tCO2e/year (market-based)
Scope 3 Emissions:51,285 tCO2e/year
Renewable Energy Share:100% of office electricity usage
Total Energy Consumption:6,484 MWh/year
Water Consumption:13,606 m3/year
Waste Generated:32 tons/year

ESG Focus Areas

  • Invest in climate action
  • Create value and equity for our people and support our communities
  • Practice good governance

Environmental Achievements

  • Achieved carbon neutrality for Scope 1 and 2 through a combination of green energy tariffs and Energy Attribute Certificates (EACs)
  • Optimized the office space of our key buildings, improving our energy efficiency and reducing the environmental impact of our operations
  • Submitted science-based targets and net-zero carbon target for validation by the SBTi

Social Achievements

  • Launched a dedicated volunteering platform
  • Gender parity at the Company Executive Leadership Team (CELT) level achieved
  • BIPOC representation increased 3 points to 38% from 2021 to 2022

Governance Achievements

  • Introduced new product features to help our customers comply with evolving regulations and better manage their customers’ data while respecting their privacy rights
  • Launched HubSpot Security Center
  • Updated API functionality to allow customers to easily detect what API calls their private app is making and how successful the calls are

Climate Goals & Targets

Long-term Goals:
  • Net-zero carbon by 2040
Medium-term Goals:
  • Deliver on our near-term science-based targets
  • Transition offices to green energy tariffs by 2030
Short-term Goals:
  • Commit to Science Based Targets

Environmental Challenges

  • Supply chain delays and increasing energy prices
  • Material sourcing challenges
  • Shift towards online work entails higher IT security risks
Mitigation Strategies
  • Diversification towards more simplified and localized supply chains and “greener suppliers”
  • Implementing several enhancements to the vendor management system (one pane of view for requests, vendor portal, streamlined intake forms, knowledge base articles, automatic risk tiering)
  • Launching an internal carbon calculator to help employees understand and address their footprint

Supply Chain Management

Responsible Procurement
  • Global Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Supply chain delays and increasing energy prices
  • Relocation due to flooding
  • Data centers maintenance and operational costs
Transition Risks
  • Material sourcing challenges
  • Civil unrest
  • Infrastructure dependencies
  • Talent attraction and retention
  • Business viability
Opportunities
  • Wide business reach
  • Commitment to green energy transition
  • Resilient business model
  • Growth opportunity: Tech as a climate solution
  • Steady growth
  • Reputational benefits as an ESG-value driven leader

Reporting Standards

Frameworks Used: SASB, UN SDGs, GRI, TCFD

Third-party Assurance: Apex Companies LLC (limited assurance for GHG emissions data)

Awards & Recognition

  • Glassdoor’s #2 Best Place to Work in 2022
  • Comparably’s #5 Best Company for Global Culture
  • Comparably’s #4 Best CEOs for Diversity
  • Great Place to Work® 100 Best Companies to Work for
  • Barron’s 100 Most Sustainable U.S. Companies in 2023

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:62,135 tCO2e/year
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:1928 tCO2e/year (location-based), 568 tCO2e/year (market-based)
Scope 3 Emissions:62,135 tCO2e/year
Renewable Energy Share:100% (through RECs)
Total Energy Consumption:75,882 MWh/year
Water Consumption:22,003 m3/year
Waste Generated:193,905 lbs/year
Carbon Intensity:0.00003 MT CO2e per $USD Revenue

ESG Focus Areas

  • energy and emissions
  • diversity, inclusion, and belonging
  • privacy and data protection

Environmental Achievements

  • 58% reduction in scope 1 and 2 greenhouse gas emissions from 2019 baseline year
  • Procured renewable electricity for offices where opportunities arose and improved workspace efficiency.
  • Implemented energy-saving measures across buildings.

Social Achievements

  • Maintained gender parity at the Director and Manager level
  • Contributed $750K+ to communities through donations and employee volunteering
  • Launched a carbon calculator to help employees understand and reduce their environmental impact.
  • Ran a campaign to encourage sustainable energy use at home resulting in 2,000+ sustainable actions.

Governance Achievements

  • Published an AI Ethics Framework
  • Became certified under the EU-U.S. Data Privacy Framework (DPF)
  • Published HubSpot’s Ethical Approach to AI and launched Behind HubSpot AI, AI model cards.

Climate Goals & Targets

Long-term Goals:
  • Net-zero greenhouse gas emissions across our value chain by 2040
Short-term Goals:
  • Reduce scope 1 and 2 greenhouse gas emissions by 47% by 2030 from 2019 baseline year
  • Reduce scope 3 greenhouse gas emissions from business travel 55% per employee by 2030 from 2019 baseline year
  • Ensure 70% of suppliers (by spend) will have SBTs by 2027

Environmental Challenges

  • Majority of emissions concentrated in Scope 2 and 3 (supply chain)
  • Balancing in-person connection with sustainable travel practices.
  • Managing climate-related risks and integrating them into enterprise risk management.
Mitigation Strategies
  • Investing in improving HubSpot’s platform to increase efficiency and reduce emissions.
  • Introduced travel guidelines and employee engagement campaigns to promote thoughtful travel.
  • Digging into the details of quantitative climate scenario analysis.

Supply Chain Management

Responsible Procurement
  • Published updated Global Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, GRI, TCFD

Certifications: EU-US Data Privacy Framework (DPF), EU Cloud Code of Conduct

Third-party Assurance: Apex Companies LLC (limited assurance for GHG emissions data)

Awards & Recognition

  • Newsweek’s America’s Greenest Companies 2024
  • Barron’s 100 Most Sustainable Companies 2023