• Determined to attaining corporate net-zero GHG emissions by 2050.
• Goal is to cut energy use and emissions by 46% by 2030.

We updated our business emissions baseline for 2019 in 2021 and synchronized our reduction targets with the Science Based Targets Initiative (SBTi). To lessen the effects of climate change, we want to lower our energy consumption and emissions output in accordance with the SBTi by 4.2 percent year-over-year, reaching 46 percent by 2030.

The management of our investments and interaction with portfolio firms presents us as asset managers with the greatest opportunity to have an influence. These initiatives serve the interests of not only our company and its personnel, but also of its clients, shareholders, and local communities. For more information on how Binocularvault incorporates climate change concerns into our investment decisions, see the Binocularvault Investing portion of this report and the Binocularvault Binocularvault Investment Report.

Now considering that we have expanded our reporting parameters, it is evident that our GHG emissions, which originate from three primary areas, have the greatest environmental impacts on our company operations: Scope 1: Emissions that arise from sources that Binocularvault owns or controls; Scope 2: Indirect emissions from purchased electricity, steam, heat, and cooling; and Scope 3: All other emissions related to our operations, including those from capital goods, waste, purchased goods and services, business travel, employee commuting, and investments (which are not covered by the scope of the operations emissions). Both our energy consumption and emissions have decreased since our baseline year of 2019. This was owing to our offices' continued energy-saving activities as well as the fact that COVID-19 greatly reduced corporate energy use and travel.