Cumming Management Group, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:2675 MTCO2e
Scope 1 Emissions:266 MTCO2e
Scope 2 Emissions:540 MTCO2e
Scope 3 Emissions:1870 MTCO2e
Total Energy Consumption:1772 MWh/year
ESG Focus Areas
- Environmental Stewardship
- Social Responsibility
- Corporate Governance
Environmental Achievements
- 5 Offices were in LEED certified buildings
- Kicked off development of 3 Climate & Sustainability Plans
- 1850 Trees planted through charitable donations
Social Achievements
- WWIRE raised over $6,000 for charities
- 25% increase in WWIRE participation from 2020 to 2021
- Allyship 101 bootcamp with 100% positive feedback
Governance Achievements
- No significant monetary losses reported in 2022 due to legal proceedings related to professional integrity
Climate Goals & Targets
Medium-term Goals:
- Achieve Net Promoter System (NPS) scores >50 for our top 100 clients by 2026
- Create 15 Climate Action Plans for cities/organizations by 2030
Short-term Goals:
- Reduce GHG emission intensity for scope 1 & 2 by 25% by 2028 from 2022 baseline
- Reduce GHG emission intensity for scope 3 by 25% by 2028 from 2022 baseline
- Reduce voluntary employee attrition by 25% by 2028 from 2022 baseline
- Increase training hours per team member by 10%
- Reduce the number of accidents and Lost Time Injury (LTI) by 90% by 2028 from 2022 baseline
- Increase Community Engagement activities and impact globally by 2028
- Increase philanthropic investments by 25% by 2028 from 2022 baseline
- Reduce the number of incidents of non-conformance by 95%
Environmental Challenges
- Limited control of total environmental footprint due to not owning most office spaces
- Managing climate-related risks across multiple complex industries
Mitigation Strategies
- Engaging internal and external stakeholders to drive sustainable innovation
- Proactive risk management framework including committees, departments, and systems
- Formal Enterprise Risk Management process
- Regular strategic planning to identify opportunities for resilience
Supply Chain Management
Responsible Procurement
- Prioritizing suppliers that provide responsibly sourced materials without adversely impacting biodiversity
Climate-Related Risks & Opportunities
Physical Risks
- Extreme temperatures limiting operating hours
- Extreme temperatures affecting employee health and safety
- Rising average temperatures
- Changes in precipitation patterns and extreme variability in overall weather
Transition Risks
- Carbon tax-emissions limits
- Stricter regulation of ESG reporting
- Cost of transition to lower emission technology
- Price increases due to variability of renewable sources
- Increased cost of raw materials
- Unreliable supply chain
- Change in customer behaviors
- Stigmatization of less 'green' services
Opportunities
- Transition to emission limits in the US
- Leveraging current governance strengths to align with changes to regulatory reporting
- Evaluating the cost/benefit of lower emission technology
- Mitigating price increases through cost cutting measures and implementing new technologies
- Leveraging purchasing power to mitigate material cost increases
- Diversifying supplier base
- Providing reliability in markets impacted by climate change
- Capitalizing on customer shift to energy efficiency and lower emission options
- Maintaining a balanced emissions portfolio through diversification and participation in reduction programs
- Leveraging E&S-driven business continuity plans
- Evaluating acquisition and organic growth in lower risk regions
- Investing in new technologies
- Relying on resilience built through sustainable operational practices
Reporting Standards
Frameworks Used: SASB