Climate Change Data

Broadridge Financial Solutions, Inc.

Climate Impact & Sustainability Data (2020, 2022, 2023, 2024)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Climate Goals & Targets

Environmental Challenges

  • Low correlations between ESG metrics from different providers
  • Limits of quantitative information alone when assessing potential ESG improvements
  • Perceived lack of engagement from passive managers
  • Misalignment of expectations between investors, advisors, and product providers
  • Gaps in knowledge and understanding of ESG
  • Complexity and confusion surrounding responsible investment
Mitigation Strategies
  • Developing more useful metrics, KPIs, standards, and benchmarks grounded in financial materiality
  • Outsourcing key inputs and functions such as ESG data acquisition, technology, and analytics
  • Upgrading advisory toolkits, especially model portfolios
  • Retraining wholesalers and product specialists
  • Educational programs and greater transparency from asset managers

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:49,362 tCO2e (Scope 1 & 2) + 2,654,244 tCO2e (Scope 3)
Scope 1 Emissions:14,499 tCO2e
Scope 2 Emissions:34,863 tCO2e
Scope 3 Emissions:2,654,244 tCO2e
Renewable Energy Share:0%
Total Energy Consumption:540,140 GJ
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Governance
  • Diversity, Equity and Inclusion (DEI)
  • Climate Change

Environmental Achievements

  • Enhanced climate-related disclosure in 2022 CDP Report, including estimation of all 15 categories of Scope 3 emissions and achieving Limited Assurance on Scope 1, 2, and material Scope 3 emissions data.
  • 86% digital suppression rates of delivery of paper investor communications
  • 2,495 virtual shareholder meetings

Social Achievements

  • Creation of three new Associate Networks (Disability Equity, Lead for Next, Veteran and First Responder), bringing the total to six.
  • Launched a dedicated DEI webpage.
  • Inclusion of DEI goals in bonuses for an additional 2,200 managers beyond executive leadership.
  • Employee engagement score of 77% overall favorable rating in the annual Great Place to Work® survey.

Governance Achievements

  • Board refreshment with three new directors in the last two years, resulting in women representing 33% of the Board and women and ethnically diverse members representing close to 60%.
  • ESG materiality assessment performed to inform reporting and strategy.
  • Qualitative climate-related risks and opportunities assessment performed under the TCFD framework.

Climate Goals & Targets

Long-term Goals:
  • Net-zero greenhouse gas emissions by 2050.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Set near-term emissions reduction target and submit to SBTi for validation within two years.

Environmental Challenges

  • Potential climate-related risks including acute physical impacts (heavy rain, flooding, hurricanes, wildfires) and chronic risks (global warming, water stress, sea-level rise) to various facilities.
  • Transition risks such as emerging regulations, increased carbon policies, and potential climate-related litigation.
Mitigation Strategies
  • Robust business continuity plans in place for acute risks.
  • Monitoring of SEC regulations and disclosure requirements, including the SEC’s Climate Disclosure Proposal.
  • Development of a plan to reach net-zero greenhouse gas emissions by 2050, with near-term targets to be submitted to SBTi for validation.
  • Integration of climate risks into the Enterprise Risk Management (ERM) framework and Business Continuity Planning (BCP) program.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • EPEAT Ecolabel Certified Technology for 100% of standard internal associate laptops, monitors, and printers in North America.

Climate-Related Risks & Opportunities

Physical Risks
  • Higher temperatures
  • Water restrictions
  • Hurricanes and tropical storms
  • Flooding
  • Wildfires
Transition Risks
  • Emerging regulations
  • Increased carbon policies
  • Climate-related litigation
  • Increased costs
Opportunities
  • Development and use of digital-first products to help clients lower environmental footprints.

Reporting Standards

Frameworks Used: Value Reporting Foundation, United Nations Sustainable Development Goals, TCFD

Certifications: EPEAT Purchaser Award winner, FTSE4Good Index Series constituent

Third-party Assurance: Yes, limited assurance (environmental data)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • e-delivery products, Virtual Shareholder Meetings, Digital Proxy, Regulatory Mutual Fund Communications, Broadridge Customer Communications Cloud

Awards & Recognition

  • World’s Most Admired Companies (FORTUNE Magazine)
  • Great Place to Work® awards in multiple countries
  • Best Place to Work for LGBTQ Equality (Human Rights Campaign Foundation)
  • 2022 EPEAT Purchaser Award winner
  • FTSE4Good Index Series constituent

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • climate
  • racial equality
  • lobbying
  • other ESG-related issues
  • diversity, equity and inclusion (DEI)

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:53,100 tCO2e/year (Market-Based)
Scope 1 Emissions:12,150 tCO2e/year
Scope 2 Emissions:40,951 tCO2e/year
Scope 3 Emissions:294,092 tCO2e/year
Renewable Energy Share:1% of total energy use
Total Energy Consumption:565,459.2 GJ/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:0.00000816923 tCO2e/unit total revenue (Market-Based)

ESG Focus Areas

  • Environmental Stewardship
  • Social Responsibility
  • Corporate Governance

Environmental Achievements

  • Submitted net-zero targets to SBTi for validation
  • Prioritized print-to-digital strategy to reduce paper-based communications
  • Leveraged alternative energy sources and pursued responsible procurement and disposal practices

Social Achievements

  • Improved employee engagement score to 82% overall favorable rating, with 85% of associates stating Broadridge is a “great place to work”
  • Launched the Associate Network Volunteer Grant pilot program
  • Supported eight Associate Networks, including the newly launched Family Care Network
  • Sponsored a new computer lab at the MV Foundation school for young girls in Hyderabad, India

Governance Achievements

  • Maintained strong corporate governance practices and policies with an independent, experienced, and diverse Board of Directors
  • Improved internal processes, risk oversight, and disclosures
  • Oversight of ESG by the Board and the Governance and Nominating Committee, and the ESG Committee

Climate Goals & Targets

Long-term Goals:
  • By 2050, reduce Scope 1 and 2 GHG emissions by 90% versus its 2023 base year
  • By 2050, reduce Scope 3 GHG emissions from key categories by 90% versus its 2023 base year
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • By 2029, engage with key suppliers regarding science-based targets
  • By 2033, reduce absolute Scope 1 and 2 GHG emissions by 54.6% versus its 2023 base year

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Responsible procurement and disposal practices

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: SASB, UN Sustainable Development Goals

Certifications: Great Place to Work®

Third-party Assurance: Yes, limited assurance

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • FORTUNE magazine’s “World’s Most Admired Companies”, FTSE4Good Index Series constituent, Best Companies to Work for in New York, Great Place to Work® in 13 countries