Climate Change Data

Rapid7, Inc.

Climate Impact & Sustainability Data (2021-2022, 2022)

Reporting Period: 2021-2022

Environmental Metrics

ESG Focus Areas

  • Diversity, Equity & Inclusion
  • Advancing Cybersecurity
  • Purposeful Philanthropy
  • Environmental Sustainability
  • Governance

Environmental Achievements

  • Established an Environmental Sustainability Committee in 2020.
  • Took steps to better identify and measure the most material environmental impacts of Rapid7’s operations in 2021.
  • Switched from single-use dishware and cutlery to reusable products, reducing landfill waste.
  • Implemented waste audits and recycling programs.
  • Utilizes Amazon Web Services, committed to 100% renewable energy by 2025.

Social Achievements

  • Increased representation of women and people of color in the workforce (specific numbers provided in the report).
  • Launched the Bring You by 2022 initiative to strengthen gender and racial diversity.
  • Expanded into Tampa, FL, targeting diverse hiring.
  • Partnered with various organizations to support STEM education in underserved communities (BoSTEM, BUILD, Latinitas, Queen’s University, University of Canberra, Women Who Code, Hack.Diversity).
  • Implemented a rotational program to foster diversity and inclusion.
  • Offered inclusive benefits, including gender-neutral restrooms, mothers' suites, and expanded parental leave.

Governance Achievements

  • Updated Code of Business Conduct and Ethics.
  • Modified the NCGC Charter to explicitly include oversight of ESG efforts.
  • Actively engaged with shareholders to understand their priorities and concerns.
  • Completed a comprehensive pay equity survey in 2020 confirming no pay disparity based on gender or race.

Climate Goals & Targets

Long-term Goals:
  • Carbon neutrality, waste reduction, and renewable energy commitments.
Short-term Goals:
  • Increase representation of people from historically marginalized communities in the US to 18% by 12/31/2022.
  • Reach 35% global female representation by 12/31/2022.

Environmental Challenges

  • Lack of diversity in the cybersecurity industry.
  • Global cybersecurity threats (ransomware, etc.).
  • Environmental impact of operations.
Mitigation Strategies
  • Investing in DE&I programs and initiatives.
  • Advocating for policies that protect against emerging threats.
  • Supporting open-source cybersecurity projects.
  • Embracing sustainable practices in operations.
  • Setting targets to reduce environmental impact.

Supply Chain Management

Responsible Procurement
  • Recycling of outdated electronics according to international guidelines.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:5081 tCO2e (2021); 1664 tCO2e (2020); 1496 tCO2e (2019)

ESG Focus Areas

  • Diversity, Equity & Inclusion
  • Advancing Cybersecurity
  • Purposeful Philanthropy
  • Environmental Sustainability
  • Governance

Environmental Achievements

  • Pledged to achieve 50% carbon neutrality by 2027 and be carbon neutral by 2030
  • Disclosed audited carbon emissions data for the first time
  • Reduced tCO2e emissions per employee from 5081 in 2019 to 800 in 2021 (Note: 2020 decrease due to pandemic office closures; 2021 increase due to office expansion)

Social Achievements

  • Appointed a dedicated Director of Diversity, Equity, and Inclusion
  • Introduced Rapid7 Impact Groups (employee resource groups)
  • Developed company-wide DEI learning tools
  • Completed a pay equity survey in 2022 finding no discrepancies related to race or gender
  • Partnered with the University of Southern Florida to establish a cyber threat intelligence laboratory ($1.5 million investment)

Governance Achievements

  • Updated Code of Business Conduct and Ethics
  • Increased shareholder engagement
  • Ongoing oversight of ESG by the Nominating and Corporate Governance Committee

Climate Goals & Targets

Long-term Goals:
  • Net-zero carbon future
Medium-term Goals:
  • Carbon neutral by 2030
Short-term Goals:
  • 50% carbon neutrality by 2027

Environmental Challenges

  • Meeting ambitious representation goals in Diversity, Equity & Inclusion
  • Reducing Scope 3 emissions
  • Maintaining pay equity globally
Mitigation Strategies
  • Strategic framework for Employee Resource Groups (Rapid7 Impact Groups)
  • Mandatory Global Diversity, Equity and Inclusion e-learning
  • Analysis of Scope 1 and 2 emissions with plans for reduction opportunities
  • Regular pay equity surveys and internal process reinforcement

Supply Chain Management

Responsible Procurement
  • Code of Business Conduct and Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, GRI, UN Global Compact, UN Women’s Empowerment Principles