Climate Change Data

Snap Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:249,792 tCO2e/year
Scope 1 Emissions:9,822 tCO2e/year
Scope 2 Emissions:961 tCO2e/year
Scope 3 Emissions:239,009 tCO2e/year
Renewable Energy Share:100%
Total Energy Consumption:30,995 MWh/year
Waste Generated:2,585 tons/year (estimated)
Carbon Intensity:51.9 tCO2e/USD millions revenue

ESG Focus Areas

  • Society
  • Planet
  • People
  • Governance

Environmental Achievements

  • Achieved an 11% reduction in Scope 3 emissions compared to 2022
  • Procured Renewable Energy Certificates (RECs) and Energy Attribute Certificates (EACs) for 100% of sites since 2021
  • Maintained carbon neutrality across operations since 2021

Social Achievements

  • Launched an in-app voter registration tool in partnership with Vote.org
  • Took action against approximately 11.5 million pieces of content that violated our policies
  • 40.5% of leadership hires globally were women in 2023
  • 94% of team members participated in our Council program

Governance Achievements

  • Maintained a diverse board of 40% women and 30% directors from underrepresented racial and ethnic groups in 2023
  • Total tax contribution was approximately $1.1 billion for the year ended December 31, 2023

Climate Goals & Targets

Long-term Goals:
  • Net Zero emissions
Short-term Goals:
  • Reduce Scope 1 and 2 GHG emissions by 25% by 2025 compared with our 2019 baseline
  • Reduce Scope 3 GHG Emissions by 35% per unit of value added by 2025 compared with our 2019 baseline

Environmental Challenges

  • Scope 1 and 2 emissions increased 21% compared to the 2019 base year
  • Excessive working hours identified during supplier audits
Mitigation Strategies
  • Developing site-specific adaptation plans for vulnerable assets and investing in resilient design features
  • Accelerating efforts to reduce carbon footprint by investing in renewable energy and energy efficiency
  • Informing suppliers of standards and providing support to reduce working hours
  • Shifting business elsewhere if suppliers cannot meet standards

Supply Chain Management

Supplier Audits: 82 on-site supplier audits conducted since Spectacles launched in 2016

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Heatwaves, rising sea levels, and droughts
Transition Risks
  • Potential impacts of carbon pricing regulations on costs and profitability

Reporting Standards

Frameworks Used: GRI, SASB, UN Global Compact, UN Sustainable Development Goals (SDGs), TCFD

Third-party Assurance: Cameron Cole, LLC

Awards & Recognition

  • Global Drum Award for Marketing (SnapWomen)