Corporate greenhouse gas (GHG) emissions
GCOM has measured and established a baseline for its corporate greenhouse gas (GHG) emissions for the 12-month period ended June 30, 2023 (Baseline Period). GCOM reports zero (0) metric tons of GHG emissions for GCOM’s Scope 1 and 2 organizational and operational boundaries 1. GCOM intends to maintain zero (0) Scope 1 and 2 emissions for the next 12-month reporting period.
GCOM is finalizing its Baseline Period evaluation and measurement for Scope 3 GHG emissions based on approximately 36,000 square feet of full-service leased office2 and a workforce exceeding 500 employees and contractors as of June 30, 2023. GCOM has set a goal to reduce its Scope 3 Baseline Period emissions during the next 12-month reporting period by at least 10% through: 1) further consolidation of office space (i.e., shrinking the footprint); and 2) expansion and maximization of telework across the GCOM workforce, including employees, subcontractors, and independent contractors.
1 GCOM applied the Greenhouse Gas Protocol, “GHG Protocol Corporate Accounting and Reporting Standard” (https://ghgprotocol.org/corporate-standard) and related “Simplified GHG Emissions Calculator” published by the Environmental Protection Agency.
2 GCOM office space utilization is acquired under full-service operating leases where GCOM does not have financial/economic nor operating control over the leased facilities wholly-managed by the lessors. Lease agreements bundle energy and electric utility services which are not separately broken-out or reported to GCOM. Thus, as a lessee, GCOM is not a direct purchaser of electricity, natural and other gases, fuels used for owned and leased assets, refrigerants, and other supplemental heating, ventilation, and air conditioning systems.