OUR BUSINESS | DIGITALBRIDGE | PORTFOLIO | CITIZENSHIP | APPENDIX | DIGITALBRIDGE.COM 1313 Net Zero Policy and Advocacy Partners DigitalBridge is partnering with the following groups to achieve our goal and ensure that our approach aligns with industry best practices. Our definition of net DigitalBridge will seek EDF’s well-established As a signatory, zero and approach to to source credits for Climate Corps program DigitalBridge will benefit setting science-based any unavoidable emis- will place experienced from knowledge sharing targets are aligned sions from NCP, a lead- MBAs at portfolio com- with the Net Zero Asset with the SBTi, and we ing provider of green- panies to accelerate and Managers Initiative’s will seek to have both house gas footprinting implement sustainability 87 signatories with over DigitalBridge and our and broker for credible, projects. EDF generally $37 trillion of assets portfolio companies verified carbon offsets. draws from a diverse who have committed to targets validated by cohort of fellows. achieve net zero goals by the SBTi. 2050 or sooner. Four Steps to Net Zero Emissions Determined to go beyond carbon neutrality, DigitalBridge and our portfolio companies seek to take substantial actions to reduce emissions on our collective journey to net zero, as detailed below. Many of our portfolio com- panies have already made ambitious climate commitments and significant progress in reducing their carbon emissions. Learn more on pages 25 and 26. Energy Renewable Supply Carbon Reductions Energy Chain Offsets Net Zero REDUCE SOURCE DECARBONIZE COMPENSATE Emissions energy consumption 100% renewable supply chain for unavoidable through better energy through through supplier emissions energy management onsite generation collaboration and efficiency and power purchase initiatives agreements Reduce all possible Purchase verified, permanent actual emissions carbon removals Activating Our Entire Team Reaching this aggressive objective will require the support and involvement of people across our entire organization and at all our portfolio companies. Thus, concurrent with the launch of our Net Zero 2030 commitment, we hosted a webinar for portfolio company management featuring leading experts from BSR and Natural Capital Partners. Presenters shared the expectations of the largest technology players regarding climate change and energy management. They also described the process of measuring and offsetting a GHG footprint, and how to complete the measurement process by the end of 2021.
ESG Report | DigitalBridge Flipbook Page 14 Page 16