Climate Change Data

Inovalon

Climate Impact & Sustainability Data (2020, 2022, 2023)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Data Stewardship and Security
  • Environmental Sustainability
  • Community Commitment
  • Diversity, Equity and Inclusion
  • Ethical Behavior

Environmental Achievements

  • Selected vendors like Amazon Web Services and Microsoft Azure for external data storage, leveraging their energy and carbon efficiency (up to 93% and 98% respectively compared to on-premise solutions).
  • Corporate headquarters in Bowie, Maryland, and Washington D.C. offices located in LEED Gold certified buildings.
  • Initiated green initiatives including environmentally efficient printers, recycled building materials, and paper recycling.

Social Achievements

  • Created eight associate affinity groups to promote diversity and inclusion.
  • Offered competitive compensation and benefits, including parental leave, tuition reimbursement, and an associate discounted stock purchase plan.
  • Contributed direct funding and thousands of associate volunteer hours to various charities focusing on youth development, healthcare research, and community support.

Governance Achievements

  • Strong corporate governance structure with oversight bodies like the Security Council and Executive Promotion Committee.
  • Independent Board of Directors and a Lead Independent Director.
  • Commitment to high ethical standards, outlined in the Code of Conduct and Ethics, covering topics such as integrity, compliance, diversity, and anti-retaliation.

Climate Goals & Targets

Supply Chain Management

Responsible Procurement
  • Procurement supplier diversity program targeting increased spending with women- and minority-owned businesses.

Climate-Related Risks & Opportunities

Reporting Period: 2022

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

  • Diversity, Equity, and Inclusion (DE&I)
  • Associate Engagement and Support
  • Data Stewardship and Security
  • Environmental Sustainability
  • Community Involvement

Environmental Achievements

  • Reduced environmental impact through cloud-based operations and data-driven efficiency in healthcare.
  • LEED Gold certified and Energy Star labeled corporate headquarters.

Social Achievements

  • Launched Race and Ethnicity Data Enrichment offering to improve healthcare equity.
  • Improved data completeness and accuracy, reducing 'unknown race' from 41.2% to 0.8% and 'unknown ethnicity' from 100% to 1.8% in a study.
  • Over 11,000 hours invested in DE&I training by associates.
  • All employees received unconscious bias training in 2022.
  • 47% women and 36% minority representation in the associate population as of October 1, 2022.
  • Procurement Supplier Diversity program to increase spending with women- and minority-owned businesses.
  • Associate Pulse survey with 92% response rate, indicating high levels of associate trust and empowerment.

Governance Achievements

  • Strong oversight bodies such as Security Council, Executive Promotion Committee, DE&I Steering Committee, and Intellectual Property Working Group.
  • Commitment to high ethical standards, outlined in the Code of Conduct and Ethics.
  • HITRUST and Payment Card Industry Data Security Standard certified.
  • Trusted partner to the Centers for Medicare & Medicaid Services under their Qualified Entity Program.
  • Issues annual and periodic Service Organization Audit SOC1 and SOC2 Type 2 reports.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Procurement Supplier Diversity program

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: Null

Certifications: HITRUST, Payment Card Industry Data Security Standard

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Race and Ethnicity Data Enrichment offering

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

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

  • Diversity, Equity, and Inclusion (DE&I)
  • Environmental Sustainability
  • Data Stewardship and Security
  • Community Involvement
  • Ethical Behavior

Environmental Achievements

  • Achieved LEED Gold certification and Energy Star label for corporate headquarters in 2008.
  • Utilized cloud-based platforms (AWS and Azure) for data storage, contributing to energy efficiency and carbon reduction.
  • Implemented green initiatives in offices, including using recycled materials in furniture and environmentally friendly printing practices.

Social Achievements

  • Achieved Great Place to Work® Certification in 2023.
  • Increased female representation at the C-suite from 25% (2022) to 38.5% (2023) and minority representation from 8% to 22%.
  • Invested over 12,000 hours in DE&I training in 2023.
  • Implemented a Procurement Supplier Diversity Program to increase spending with minority- and women-owned businesses.
  • Launched quarterly DE&I Thought Leadership Program with 400-700 attendees per month.

Governance Achievements

  • Maintained high ethical standards, guided by a Code of Conduct and Ethics.
  • Implemented an enhanced competency model, including a “Build an Inclusive Work Environment” success factor.
  • Regularly conducts employee pulse surveys to gather feedback and drive improvements.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Procurement Supplier Diversity Program

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: Null

Certifications: Great Place To Work® Certified, HITRUST®, Payment Card Industry Data Security Standard

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Great Place To Work® Certification