Climate Change Data

Stifel

Climate Impact & Sustainability Data (2021, 2022, October 23–30, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:12,000 metric tons of CO2e (estimated for office space) + 21,150 metric tons of CO2e (estimated Scope 3)
Scope 1 Emissions:12,000 metric tons of CO2e (estimated)
Scope 3 Emissions:21,150 metric tons of CO2e (estimated)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Offset 13,500 metric tons of carbon in 2021 through carbon offset donation funding projects such as improved cook stoves in Bangladesh and truck stop electrification in the US.
  • Significant reduction in corporate air travel due to the pandemic, leading to a decreased carbon footprint.

Social Achievements

  • Managed and held $5.2 billion in ESG assets as of December 31, 2021.
  • Underwrote 282 CRA-eligible bonds for more than $4.2 billion, including low- and middle-income school districts and affordable housing.
  • Opened a Health and Wellness Center at headquarters in St. Louis.
  • Associates completed 33,000 hours of compliance and ethics-related training.

Governance Achievements

  • Institutionalized ESG into business practices.
  • Implemented robust risk management practices, including stress testing, resulting in capital ratios remaining above minimum requirements.
  • Maintained a reporting hotline for anonymous submission of compliance concerns.

Climate Goals & Targets

Environmental Challenges

  • Data collection for accurate GHG footprint calculation.
  • Recruiting challenges during the pandemic.
Mitigation Strategies
  • Developing data collection systems to calculate GHG footprint based on actual energy usage.
  • Utilizing various recruitment methods, including college campus visits and internship programs.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:11,065 metric tons of CO2e (estimated)

ESG Focus Areas

  • Data Security
  • Financial Inclusion & Capacity Building
  • Employee Diversity & Inclusion
  • Incorporation of Environmental, Social, and Governance Factors in Credit Analysis
  • Business Ethics
  • Systemic Risk Management
  • Incorporation of Environmental, Social, and Governance Factors in Investment Banking & Brokerage Activities
  • Employee Incentives & Risk Taking
  • Transparent Information & Fair Advice for Customers
  • Incorporation of Environmental, Social, and Governance Factors in Investment Management & Advisory
  • Proxy Voting
  • Environmental Footprint
  • Philanthropy
  • Community Investment

Environmental Achievements

  • Purchased carbon offsets avoiding 7,400 metric tons of emissions
  • Reduced paper consumption from 69 million sheets in 2019 to 48 million in 2022
  • Decreased energy usage across technological systems due to cloud transition
  • Recycled electronics saving energy, GHG emissions, water, hazardous waste, and solid waste (quantified in the report)

Social Achievements

  • Spent $33 million with minority, women, and veteran-owned businesses
  • 779 Stifel associates were promoted in 2022
  • Expanded stock grant program to 4,200 additional associates
  • Enhanced fertility and family-building benefits
  • 26,000+ associate volunteer hours
  • 1,400+ associates serving on nonprofit boards
  • Increased access to 401(k) contribution matching
  • Launched “Yes, We Can” initiative for best-in-class client service
  • Established Diversity Ambassadors Council
  • Partnerships with HBCUs for grants, mentorship, and financial literacy
  • Financial literacy initiatives reaching 1,957 participants and distributing educational materials

Governance Achievements

  • 82% of Stifel Financial Corp. Board of Directors are Independent
  • ESG work overseen at the Board level by the Nominations & Corporate Governance Committee
  • Implemented improved supply chain monitoring and database access monitoring
  • Significant investments in technology-based data-loss prevention systems
  • Improved secure web gateway technology
  • Standardized secure code practices
  • Upgraded managed security information and event management (SIEM) capabilities
  • Revamped identity access management (IAM) tooling and processes
  • Formal risk assessment performed annually

Climate Goals & Targets

Short-term Goals:
  • Complete a full GHG assessment based on actual energy usage across operations in 2023

Environmental Challenges

  • Greenhouse gas emissions from office space
  • Maintaining data security in a highly regulated industry
Mitigation Strategies
  • Investing in efficiency and retrofitting improvements to reduce energy usage
  • Migrating technology services to the cloud for increased security and efficiency
  • Implementing a layered security architecture with improved monitoring, data-loss prevention, secure web gateways, standardized code practices, upgraded SIEM capabilities, revamped IAM, and network segmentation
  • Annual risk assessments and identification of critical assets, safeguards, threats, and vulnerabilities

Supply Chain Management

Responsible Procurement
  • Intentionally seeking out minority-, women-, and veteran-owned businesses as suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Reporting Period: October 23–30, 2023

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability
  • Ethical Business Practices
  • Social Sustainability

Climate Goals & Targets

Environmental Challenges

  • Increased consumer concern about the state of the economy and personal finances.
  • Negative brand backlash on social media for statements or actions on social issues.

Supply Chain Management

Climate-Related Risks & Opportunities