Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change/GHG Emissions
• Plastic Stewardship
• Diversity, Equity & Inclusion
• Responsible Partnerships
• Ethics & Integrity
• Community Involvement
• Board Diversity

Environmental Achievements

• Achieved carbon neutrality in 2021 by offsetting 135.1 MTCO2e of GHG emissions.
• Generated 19M+ carbon offsets since founding.
• Collected 437.6 tonnes of Ocean Bound Plastic (OBP).
• Issued 176.9 plastic credits (pending third-party verification).

Social Achievements

• Increased employee population by 70% in 2021, with a 150% increase in female employees and a 200% increase in female leaders.
• Maintained a 95% employee retention rate.
• Provided over 250 hours of employee training in 2021.
• ClimeCo employees volunteered over 100 hours in 2021.
• Overall employee satisfaction score of 1.65 (on a scale of 1-5, with 1 being very satisfied).

Governance Achievements

• Added four board members in 2021, including two from Warburg Pincus.
• Implemented a Know Your Customer (KYC) process to protect against corrupt and illegal activities.
• Established a Code of Conduct for employees.

Climate Goals & Targets

Environmental Challenges

• Supply chain risks (addressed through improved assessment measures)
• Data limitations in ESG reporting (addressed through incremental improvements in materiality assessment)

Mitigation Strategies

• Improved supply chain risk assessment measures.
• Incremental improvements in ESG materiality assessment for future reports.

Supply Chain Management

Responsible Procurement

• Know Your Customer (KYC) process for clients and partners.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: World Economic Forum’s Stakeholder Capitalism Metrics, GHG Protocol’s Corporate Accounting and Reporting Standard

Certifications: Ocean Bound Plastic (OBP) Neutrality Certification from Zero Plastic Oceans (for plastic credits), Verra’s Climate, Community and Biodiversity Program (for some nature-based projects)

Awards & Recognition

• Named to Inc. Magazine’s Best in Business List for Environmental Services (2021)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity, and Inclusion
• Governance
• Community Development
• Plastic Stewardship

Environmental Achievements

• Avoided or removed over 6.2 million metric tonnes of CO2e in 2022
• Launched first verified plastic credit project on Verra’s Verified Carbon Standard
• Set a target to reduce absolute scope 3 emissions by 35% by 2025

Social Achievements

• Women make up nearly half (49%) of the workforce
• Retention rate increased from 95% to 97%
• Selected as one of Inc. Magazine’s Best Workplaces for Environmental Services in 2023
• 410+ hours spent volunteering by ClimeCo employees

Governance Achievements

• Board diversity increased
• Risk management tool embedded into due diligence process
• Voluntary third-party financial audit completed

Climate Goals & Targets

Environmental Challenges

• Increased Scope 3 emissions due to company growth
• Accurately tracking Scope 3 emissions across various categories

Mitigation Strategies

• Implementing a new methodology to estimate WFH emissions
• Committing to a 35% reduction in absolute Scope 3 emissions by 2025
• Investing in sustainable aviation fuel credits and renewable natural gas

Supply Chain Management

Responsible Procurement

• Developing formalized protocols and updated ethical business conduct policies

Climate-Related Risks & Opportunities

Opportunities

• Development of high-quality carbon offset projects
• Growth of insetting as a solution

Reporting Standards

Frameworks Used: World Economic Forum’s Stakeholder Capitalism Metrics, GHG Protocol’s Corporate Accounting and Reporting Standard

Third-party Assurance: Voluntary third-party financial audit

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)
• Goal 14 (Life Below Water)
• Goal 15 (Life On Land)

Projects contribute to these goals through GHG emission reductions, plastic waste reduction, and ecosystem restoration

Sustainable Products & Innovation

• Plastic credits
• Carbon offsets

Awards & Recognition

• 2022 Drum Award in B2B for Good category for “A Plastic-Free Coastline”

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity, Inclusion & Belonging (DEIB)
• Governance
• Plastic Stewardship
• Nature-Based Solutions

Environmental Achievements

• Reduced, avoided, or removed over 3.7 million tonnes of CO2e emissions in 2023
• Developed Indiana's Priority Climate Action Plan (PCAP)
• Managed 11 nature-based projects
• Collaboratively developed two new methodologies for the voluntary carbon market (VCM)

Social Achievements

• Named one of Inc. Magazine’s Best Workplaces for 2023
• Expanded workforce by 27%
• Maintained 98% employee retention rate
• Bolstered DEIB program
• Initiated a comprehensive compensation audit
• Enhanced benefits package

Governance Achievements

• Introduced a new enterprise resource planning (ERP) platform
• Implemented a Communications Policy
• Began development of enhanced ethical business conduct policies and practices

Climate Goals & Targets

Environmental Challenges

• Fluctuating prices and increased media attention in the carbon market
• Increased Scope 1, 2, and 3 emissions due to business growth

Mitigation Strategies

• Commitment to innovation and quality in carbon credits
• Initiatives to reduce Scope 3 footprint (sustainable aviation fuel, renewable natural gas)
• Exploring more precise accounting methods for Category 1 and 2 emissions

Supply Chain Management

Responsible Procurement

• Developing guidelines for responsible procurement and waste management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: World Economic Forum’s Stakeholder Capitalism framework, Sustainability Accounting Standards Board’s (SASB) Professional & Commercial Services Standard, United Nations’ Sustainable Development Goals (SDGs), GHG Protocol Corporate Accounting and Reporting Standard

Third-party Assurance: Third-party audit of financials (GAAP)

UN Sustainable Development Goals

• Goal 1 (No Poverty)
• Goal 5 (Gender Equality)
• Goal 6 (Clean Water and Sanitation)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 11 (Sustainable Cities and Communities)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 14 (Life Below Water)
• Goal 15 (Life On Land)

Various initiatives described throughout the report contribute to these goals

Sustainable Products & Innovation

• ClimeCo Certified Product™ Program

Awards & Recognition

• Inc. Magazine’s Best Workplaces
• Real Leaders Impact Award (#1 for Professional/Advisory Services)
• 2023 Telly Awards (Gold, Silver, and Bronze)
• 2023 American Advertising Federation (AAF) Awards (Gold)