Environmental2022ESG ReportBACK TO TOP From Our CEOEnvironmentalSocialGovernanceOur Drive to Reduce Emissionscommutes as some employeesreturned to the office regularly meansgreater emissions. While sometravel remains business-critical,we continue to evaluate this with aclimate lens to balance emissions andbusiness needs moving forward.Complementing direct action,we seek and evaluate investmentsin emerging opportunities in forestrestoration and wildfire mitigation.We also analyze our investmentportfolio to estimate the potentialimpact of climate risks.87% ofemployeespermanently workingfrom home post-pandemicThe pandemic-driven shift to 87%of CSAA permanently working fromhome helped decrease our emissionsin both employee commute (~90%)and in-office energy use (~49%). Wenow include emissions associatedwith home offices in our goalsand reporting. We are committedto communicating transparentlyabout our climate journey andsurveying employees to ensure weare accurately capturing the datainto our Scope 3 emissions (thosenot produced by CSAA or the resultof activities from assets owned orcontrolled by CSAA, but that we areindirectly responsible for, up anddown our value chain).We continue to work diligentlyto achieve our goal of 50%decarbonization from our baselineof 2016, including work-from-homeemissions, and carbon neutrality by2025. We are proud to report thatwe have already reduced emissionsby ~45%, exceeding our projections.We did see an increase of 9% inour emissions from 2021 to 2022as the world opened back up postpandemic. We will continue to lookfor ways to reduce our emissionsand find the most sustainablepaths forward for home offices andbusiness travel.After significant progress transitioningto hybrid vehicles (>90% of fleet),CSAA did not purchase any newvehicles for 2022 in anticipation ofa large purchase of new zeroemission vehicles (ZEVs) in the nextseveral years.For the first time, we voluntarilysubmitted our climate journey,including our emission inventories,to the CDP (formerly the CarbonDisclosure Project), a not-for-profitcharity that runs a global disclosuresystem for investors, companies,cities, states and regions to managetheir environmental impacts. It isthe gold standard of environmentalreporting with the world’s mostcomprehensive dataset. Morethan 18,000 organizations reportedin 2022.Reporting our environmental datathrough CDP enables us to protectand improve CSAA’s reputation,boost competitive advantage,uncover risks and opportunities,and track and benchmark our climateprogress. We filed CDP as it alignswith our goals of transparency andaccountability as we continue toadvance our climate journey.Organizations that submit their datato CDP receive an annual scorefrom A to F. As expected for our firstsubmission, CSAA scored a C for2022 (with the CDP’s high bar, only2.5% of the 18,000+ organizationsreceived an A). This milestone willhelp us propel our work forward andbetter understand our strengthsand opportunities. Our results offerinsights that will help us establishspecific goals across our company todeepen accountability as we continueour climate journey.
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