Contributing to a more sustainable future
We contribute to a more sustainable world through resource conservation and the reduction of our operational impact. As a digital bank, our carbon footprint is relatively small. But we still have a responsibility to do more—just by using less.
Download Environmental Section
Updated 05/15/2023
"We’ve taken significant steps to improve our impact on the environment, including reducing our emissions by 29% since 2017, achieving a 42% waste diversion rate, and saving over 32 million gallons of water since 2017. There’s more that we can do, and we’re excited to drive even greater changes in 2023 and beyond."
Todd Podell
Senior Vice President, Chief Procurement & Corporate Services Officer
Scope 1 and 2 Greenhouse Gas (GHG) Emissions1
We earned the WELL Health-Safety rating for 9 of our U.S. offices2
Discover recycled 216 tons of material across all our U.S. offices achieving a 42% diversion rate3
Our 2022 fresh water consumption decreased over 32 million gallons from 2017
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1 Greenhouse gases (GHG) Scope 1 is defined as direct emissions from company’s resources, like fuel oil, natural gas, mobile combustion, and refrigerant losses. Scope 2 is defined as indirect emissions generated by electricity purchased from a utility provider. We're developing a strategy to implement decarbonization measures that further reduce our Scope 1 and 2 footprint including: Maximizing building efficiency through lighting upgrades and end-of-life equipment replacements. Improving building automation and set point optimization, behavioral changes, and retro commissioning of existing building systems. Evaluating electrification to reduce use of fossil fuels, explore onsite solar, and offsite renewable energy investments such as a Virtual Power Purchase Agreement. To calculate our emissions, we rely on the Greenhouse Gas Protocol Standard, a comprehensive framework used industry-wide to calculate and manage GHG emissions. Our emissions are not currently verified by an independent third‑party.
2 Includes owned and operated buildings as well as leased suites, and a leased facility that we vacated on December 31, 2022.
3 Includes owned and operated buildings as well as leased suites.