RPIA SUSTAINABILITY REPORT 2021
RPIA SUSTAINABILITY REPORT 2021
OVERVIEW
INVESTMENT MANAGEMENT
OVERVIEW
INVESTMENT MANAGEMENT
FIRM
FIRM
8
9
MEASURING OUR CLIMATE IMPACT At RPIA, we recognize that understanding the sources of our greenhouse gas (“GHG”) emissions is a key step in managing them and setting impactful goals for reduction. In 2021, we completed our first corporate GHG inventory, aligning with the GHG Protocol to measure the firm’s carbon output and provide a baseline on which to set targets during 2022. The exercise was facilitated by Quinn & Partners, a leading management consultancy specializing in corporate sustainability, sustainable finance, and responsible investment practices.
Scope 3 Transportation Breakdown FY2020 (tCO 2 e)
Air and rail Air and rail
The activities captured covered emissions from all three scopes for the fiscal period of 2019 to 2021:
Passenger vehicles Passenger vehicles
31.5
28.0
Employee commuting Employee commuting
Office natural gas consumption
SCOPE 1
4.1
SCOPE 2 SCOPE 3
Office electricity use
Office waste management, air/rail travel and hotels, taxis/Ubers/Lyfts, and daily employee commuting
FY 2021 Employee Commuting Survey
Metric
Result
Our firm emitted a total of 24.7 tons of greenhouse gases in FY2021, most of which resulted from employee commuting, natural gas, and electricity. This represents a significant decrease in emissions from the previous year, when our carbon output was 79.8 tons. This decline can largely be attributed to the effects of the COVID-19 pandemic as business travel and employee commuting emissions fell by 97% and 74% respectively between FY2020 and FY2021.
Percent working from home
42%
24.7 tons of greenhouse gases in 2021
Average commute distance
10 km
Active transportation (walk/bike)
34%
Public transit (TTC/GO transit)
32%
Motor Vehicle
34%
GHG Inventory Results
GHG Emissions: Peer Comparison (tCO 2 e/FTE*)
90
80
Company
Value
Main Sources of Scope 3
70
RPIA
0.9
Employee and business travel
Employee commuting Business travel Waste disposal Electricity Natural gas
Total GHG Emissions (tCO 2 e*)
60
Peer 1
1.1
Business travel, excl. offsets
50
Source FY2019 FY2020 FY2021
Peer 2
1.3
Excludes scope 3
40
Scope 1
1.2
6.4
5.9
Peer 3
3.9
Business travel
30
Scope 2
7.0
7.2
7.7
*Metric tons of emissions per full-time equivalent employee
20
Scope 3
63.1 66.1
11.1
10
Total
71.3 79.8
24.7
0
FY2019
FY2020
FY2021
*GHG Inventory results are reported in units of metric tons of carbon dioxide equivalents
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