Sustainability: OCP Environmental and Social Impact

As a business in the 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 1 emissions, we have implemented best practices to take stock of our emissions footprint, think of ways to reduce it, and purchase carbon credits to offset the rest.

We believe that carbon emissions should be considered an environmental liability and should be calculated and incorporated into the balance sheet by the CFO. Read more about our approach here.

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 built and maintain an environmental ledger to account for our emissions and balance them with carbon credits. 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 an independent advisory board which ensures the long term success and operation of the OCP, 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.

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.

Learning and Development: Employees can request funding for learning and development opportunities, including resources and conferences.

Community Engagement and Support

We continuously discuss using our capital to drive the most significant impact. In the spirit of aligning incentives, we want to be transparent about how we spend our profits. Nothing has been decided, but we are thinking of creative ways to reinvest our profits. This could take a few different shapes:

• We purchase a portion of the credits issued through the OCP, which exist in a pool of credits that we can either add to the OCP ledger or move/control as we see fit.

• Create a fund structure with excess profits to invest in innovating MRV solutions to cut costs for project developers.