RPIA SUSTAINABILITY REPORT 2022
OVERVIEW
INVESTMENT MANAGEMENT
FIRM
8
MEASURING OUR CLIMATE IMPACT
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 2022, as part of our commitment to track our climate impact, we partnered with BMO Radicle to update our GHG inventory and create a plan to begin reducing emissions through our behaviours and processes. We have finalized our intent to purchase carbon offsets and we are waiting for contract finalization from BMO Radicle. As a result of this effort, we received the Climate Smart Certification from Radicle. We intend to perform this inventory annually as we continue on our climate impact journey. The activities captured covered emissions from all three scopes for the fiscal period of 2022. Scope 1: Office natural gas consumption Scope 2: Office electricity use Scope 3: Office waste management, business travel (air/rail travel, hotels, taxis/Ubers/Lyfts), daily employee commuting, paper consumption, and heat/electricity from work-from-home
Our firm emitted a total of 103.6 tons of greenhouse gases in FY2022, most of which resulted from business travel (road, air, and accommodation), staff commuting, and heat. This is in line with our emissions from FY2019 and FY2020. In FY2021 we saw a significant decrease in emissions, largely attributed to the COVID-19 lockdowns. The increase relative to FY2019 and FY2020 can be attributed to scope 3 heat/electricity from work from home arrangements, a component not captured in previous years. Our largest contributing categories are all linked to employee commuting and business travel.
103.6 tons of greenhouse gases in 2022
GHG Inventory Results
GHG Emissions (tCO 2 e*)
Heat/electricity from WFH is a newly introduced category and was therefore not accounted for in previous years. Excluding this, our emissions are in line with 2019 and 2020 levels despite our workforce having grown significantly since then.
100 120
103.6
79.8
71.3
0 20 40 60 80
24.7
FY2019
FY2020
FY2021
FY2022
Waste management
Business travel
Natural gas
Electricity
Employee commuting Paper consumption
Heat/electricity from WFH
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