2022

62

2030

2022

Delphi and GLOBE Series, as certified B Corps and SME Climate Hub-committed organizations, have committed to achieving net zero for scope 1 and 2 emissions by 2030 and net zero for scope 3 emissions by 2040. Delphi is a strategic consultancy specializing in ESG, sustainability and climate, and GLOBE designs and delivers high-impact sustainability and climate events. Delphi and GLOBE Series are part of Profoundry, a collective of like-minded sustainability and climate experts who help organizations create value and have a positive impact on society. Profoundry also includes Leading Change Canada and CBSR, non-profit organizations that connect young climate sustainability leaders and leading businesses, respectively. Because they share staff and office space with GLOBE and Delphi, their operations are included in the scope of the GHG inventory, and the net-zero targets also extend to them. We have taken several actions over the last few years to improve our sustainability and reduce our emissions impact. This reflects our mandate to lead with purpose and work towards a more sustainable and socially just future. We set our net-zero target in August 2022. To support this target, we are currently in the process of developing a formalized net-zero strategy to guide our activities. Our work to date has primarily been focused on refining our GHG emissions calculations across all emissions scopes and categories, and to better understand our emissions footprint and which components should be prioritized for reduction actions. Our 2022 inventory serves as our baseline year for measuring scope 1 and 2 emissions reductions. We calculated our full scope 3 emissions for the first time in 2023 (prior to this, we focused on employee commuting and business travel emissions within scope 3). Further updates are anticipated to our scope 3 estimates in 2024, which will enable us to set 2023 as our baseline year upon which to measure our net-zero progress. With a robust understanding of our current state, we are now designing decarbonization goals and actions. In 2023, we used our 2022 GHG Inventory to determine which emissions sources are within our direct control and can be reduced, and have developed a list of emissions reductions projects. Projects have been evaluated based on emissions reduction impact. We are now in the process of identifying a shortlist of projects as well as enhancing our approach to reducing residual emissions via carbon offsets (to complement our existing Bullfrog Power purchases). The findings from this exercise will be presented to our Senior Leadership Team for sign-off. This will be used to further inform the development of our net zero strategy in 2024.

Through the now-defunct City of Ottawa, Canada ‘Carbon 613’ program, Delphi’s Ottawa office committed to a 20% reduction in scope 1 and 2 emissions by 2026. However, formal Profoundry-wide near-term targets have not been established. As part of our current work to finalize our net-zero strategy in 2024, in addition to medium and longer-term 2030 and 2040 goals, we will be setting shorter-term targets that will guide our year-on-year actions. We view these as essential for being able to make and track progress towards the longer-term goals.

• Any emissions sources from GLOBE Series events that are not already captured (e.g., travel by non-Profoundry attendees) • Fugitive emissions from refrigerant leakages in office equipment. • Emissions from employee-owned vehicles used for business purposes other than employee commuting, such as driving to client sites or events. • Business travel in rental cars by employees of the company. • Diesel consumption that is combusted in back-up generators for office buildings. • IT Services such as server and cloud usage and IT support. • Emissions from upstream transportation from shipping of purchased goods and services have not been explicitly excluded but are not calculated separately as all purchases have been tracked as a lump sum. • Hotel stays by employees of the company for business purposes are currently not tracked separately from purchased goods and services.

Data used to compile the GHG inventory is largely based on estimated data and regional or industry averages. This reduces the accuracy of the calculations, however we do not currently have access to more granular data. For our 2023 inventory, we are looking to improve our data and calculations, particularly for scope 3. For example, we will separate upstream shipping and hotel accommodations expenses from the lumped purchased goods and services, track waste produced at GLOBE Series events, and replace a number of spend-based calculations with emission factors from life cycle inventory (LCI) databases. High-level descriptions of our methodologies for emissions categories are as follows: Purchased Goods and Services: We convert company expenses (in CAD) into an equivalent 2015 USD value and then multiply this by spend-based emission factors from the World Input-Output Database (WIOD). These emissions factors estimate emissions in kgCO2e per USD spend, based on the sector (e.g., construction, education, food and beverage). There are some limited capital goods purchases (e.g. laptops) that are currently included in our purchased goods and services category. For the future inventory we endeavour to split this out. Fuel and Energy Related Activities: Natural gas (GJ) and electricity (kWh), both determined in Scope 1 and 2 calculations, are multiplied by an upstream fuel or electricity emissions factor (kgCO2e/GJ, kgCO2e/kWh) to obtain the emissions produced (kgCO2e). Emission factors are sourced from the GHGenius emissions model and represent the emissions generated from the extraction, production, and transportation of fuels prior to combustion. Electricity transmission and distribution losses were calculated by taking the difference between provincial electricity consumption intensity and provincial electricity generation intensity, and multiplying this by the amount of office electricity consumed in each province. Waste in Operations: The cumulative number of days employees spent in the office at each location is multiplied by an estimate of the waste per employee-day (tonnes) or water per employee-day (m3). Emissions from water and waste were then determined using emission factors from Brightest and Canada’s National Inventory Report, respectively, to obtain the emissions values. Business Travel: Emissions from Business Travel were calculated using the distance-based method for both air and rail transport. Distance travelled by air (passenger-km) or rail (vehicle-km) is multiplied by a flight segment (short, medium, long-haul) emission factor (kgCO2e/passenger-km) or rail specific emissions factor (kgCO2e/passenger-km), obtained from USEPA. Employee Commuting: An employee survey was used to compile data on distance travelled to work, method of transport, number of days in office, and vehicle fuel efficiency. Each employee’s emissions were calculated individually based on a combination of the distance-based and fuel-based methods. Work-from-home emissions have also been calculated based on average natural gas and electricity use for residential buildings in each province.

No

No

50

Delphi is a strategic consultancy offering services in four main areas: Climate Change, Sustainability, Innovation & Cleantech and Green & Circular Economy. Below are some examples of the types of climate solutions we offer: Climate Change: • Net-zero strategy and GHG target setting • Climate risk assessment and disclosure • GHG reporting and regulatory compliance Sustainability: • Corporate sustainability/ESG strategy and program development • Customized executive and board education, engagement, and governance support • Materiality assessment, stakeholder mapping and engagement • ESG disclosure and reporting Innovation & Cleantech: • Ecosystem building and scaling initiatives • Innovation challenge program design and delivery • B2B matchmaking and other transactional programming • Cleantech economic impact assessments and SWOT and export market potential Green & Circular Economy: • Economic impact analysis and forecasting • Workforce, skills training, and labour market research • Low–carbon transition strategy development and implementation GLOBE Series convenes Canada’s largest sustainability events and also designs and delivers sustainability events on behalf of high-profile clients. GLOBE’s services include: • Event consulting/advisory services, including program design, technology solutions and online collaboration tools • Event management • B2B activities and trade show coordination and production • Curated networking sessions • Challenge dialogues and pitch sessions • Strategic marketing and positioning

As a sustainability, ESG, and climate consulting firm, Delphi assists clients with all aspects of their sustainability, ESG, and climate strategy, including climate- and nature-based adaptation and mitigation. For our climate change services, much of our work involves qualitatively or quantitatively assessing our clients’ climate impacts and risks and developing strategies and action plans to help them accelerate decarbonization. Through the provision of our services, we are inherently assessing the potential positive impacts that our work can have on climate action. Across our business, we have also identified KPIs that measure the impact we have in the work we do: • For climate change services, we track projects with an explicit net-zero and emissions reductions component. • For sustainability, we track the number of projects that explicitly assist the development of sustainable marketplace solutions or focus on C-Suite endorsement of sustainability issues. • For green & circular economy, we track projects focused on natural capital, watersheds, circular economy, climate adaptation and resilience and nature-based economies. • For innovation & cleantech we track projects with an explicit cleantech and innovation component.

50

Yes

We make business investments in financial products, such as green bonds, that support the growth of a lower-carbon future. In addition, we donate 1% of our annual gross sales to charity, including to a variety of charities that support nature and climate as well as social causes.