OCP Sustainability: Environmental and Social Strategy
Last updated
Last updated
Sustainability / Environmental Impact
As a business in the voluntary carbon market, our work is built upon the notion that companies must take measures to limit their carbon emission footprint. Despite being a small company with no scope one emissions, we implemented best practices to take stock of our emissions footprint, think of ways to reduce it, and purchase carbon credits.
We believe that carbon emissions should be considered an environmental liability and should be calculated and incorporated into the balance sheet by the CFO. See our journey .
Calculating Our Emissions Footprint
To calculate our emissions footprint, we used the Normative calculator as a starting point. After getting initial estimations, we dug into the underlying calculation methods to corroborate the findings and establish our estimations.
To manage our footprint, we have built and will maintain an environmental ledger to account for our emissions and balance them with carbon credits from our OSE bundle. Our environmental assets consist of Tradewater's refrigerant destruction process from Thailand and Honduras, along with Kayseri Molu landfill project. We've also engaged in discussions with our vendors about their footprint and directed our landlord toward building efficiency startups.
Our operations have no other direct adverse environmental impacts besides carbon emissions (i.e., impacts on nature or biodiversity).
Governance:
We are overseen by a board to ensure success, along with providing guidance and support when needed to address grievances and problems as they arise. We're built on the notion that decisions should be made transparently in discussion with our Board of industry professionals. See our board structure in the Governance tab.
Social
We are committed to creating a positive and inclusive work environment and acknowledge our positioning and power in the environmental space.
We work with TriNet and have used them to complete DEI training. We value diversity in perspectives, practice an inclusive work culture, and ensure equal opportunities and hiring practices for all employees, regardless of race, gender, age, disability, or background.
We offer:
Fair Wages and Benefits: Competitive salaries, health benefits, and wellness programs to support our employees' physical and mental health.
Work-Life Balance: Flexible working hours and remote work options to help employees balance their professional and personal lives.
We continuously discuss using our capital to drive the most significant impact. This could include a profit cap, where we use excess profits towards reinvestment into a fund meant to fuel the ecosystem.
