Climate Change Data

The Knot Worldwide

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:16,269 tCO2e/year
Scope 1 Emissions:205 tCO2e/year
Scope 2 Emissions:794 tCO2e/year
Scope 3 Emissions:15,270 tCO2e/year
Renewable Energy Share:7%
Total Energy Consumption:9,681 GJ/year
Waste Generated:265 tons/year

ESG Focus Areas

  • Our People
  • Our Company
  • Our Community

Environmental Achievements

  • Expanded carbon footprint assessment to include new tracking categories and all offices and storage facilities.
  • Improved and enhanced privacy practices and technical security safeguards.

Social Achievements

  • Increased Paid Parental Leave from 12 to 18-20 weeks for US employees.
  • Introduced a medical travel reimbursement policy.
  • Completed over 37,000 hours of employee training.
  • Launched diversity filters and storefront badges on The Knot and WeddingWire.
  • Usage of diversity filter increased by 21% year over year.

Governance Achievements

  • Launched a new ESG reporting system.
  • Board of Directors formally approved TKWW’s ESG Steering Committee.
  • Improved and enhanced privacy practices and technical security safeguards.
  • Continued to develop and strengthen global compliance program.

Climate Goals & Targets

Environmental Challenges

  • Expanding the breadth of carbon footprint assessment presented challenges in data collection and methodology.
  • Managing climate risks and opportunities is an emerging area of attention.
Mitigation Strategies
  • Partnered with a sustainability consultancy to expand carbon footprint calculations.
  • Planning a formal climate risk assessment within the next two years.
  • Considering strategies to reduce the environmental impact of product delivery.
  • Working with suppliers to develop decarbonization pathways.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct aligned with ILO core labor standards.

Climate-Related Risks & Opportunities

Physical Risks
  • Impact of extreme weather and rising sea levels on supply chain, operations and infrastructure
Transition Risks
  • Changing energy efficiency standards for products; Carbon or energy taxes increasing cost of business
Opportunities
  • Increased consumer demand for environmentally-efficient products

Reporting Standards

Frameworks Used: SASB E-Commerce Standard (CG-EC), SASB Internet Media & Services (TC-IM), GHG Protocol

Awards & Recognition

  • Best Leadership Team, Best Company Culture, Best Work Life Balance, Best CEO from Comparably
  • Perfect score on the Human Rights Campaign Corporate Equality Index for eight consecutive years

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:20226 tCO2e
Scope 1 Emissions:146 tCO2e
Scope 2 Emissions:595 tCO2e
Scope 3 Emissions:19485 tCO2e
Renewable Energy Share:3%
Total Energy Consumption:6991 Gigajoules

ESG Focus Areas

  • Diversity, Equity, Inclusion and Belonging
  • Environmental Sustainability
  • Governance and Compliance

Environmental Achievements

  • Formalized carbon reduction goals and committed to net-zero emissions by 2050.
  • Reduced Scope 1 emissions from 226 tCO2e to 146 tCO2e.

Social Achievements

  • Launched Fellowship for Change program supporting underserved wedding professionals.
  • Achieved 86% global workforce participation in the Voice of Employee survey with 69% engagement score and 84% eNPS.

Governance Achievements

  • Refreshed global compliance trainings on data privacy, whistleblower policy, anti-bribery/anti-corruption, and anti-discrimination/anti-harassment.
  • 25% of Board Members identify as female, and 37.5% identify with under-represented groups.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050.
Short-term Goals:
  • Establish accountability metric to measure inclusivity and belonging by 2025.
  • 100% recycled paper for stationery business by 2030.

Environmental Challenges

  • Increased carbon footprint in 2023 due to increased travel and growth in the Stationery business.
  • Need to further improve representation of underrepresented groups in the workforce.
Mitigation Strategies
  • Implementing a new carbon accounting software for more accurate tracking and reduction strategies.
  • Continued focus on DEIB initiatives, including ERGs and training programs.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct aligned with ILO core labor standards.

Climate-Related Risks & Opportunities

Physical Risks
  • Impact of extreme weather and rising sea levels on supply chain, operations and infrastructure
Transition Risks
  • Changing energy efficiency standards; carbon or energy taxes
Opportunities
  • Increased consumer demand for environmentally-efficient products.

Reporting Standards

Frameworks Used: SASB E-Commerce Standard (CG-EC), SASB Internet Media & Services (TC-IM)

Sustainable Products & Innovation

  • Sustainable materials in new Barcelona office; efforts to incorporate sustainable materials across products and new product launches.

Awards & Recognition

  • Various Comparably awards in 2023 (Best Company Work-Life Balance, Happiest Employees, Best Career Growth, Best Leadership Teams, Best CEOs for Diversity, Best CEOs for Women, Best Places to Work in New York, Best Global Culture, Best Company Outlook).