Broadridge Financial Solutions, Inc.

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

In 2025, Broadridge began purchasing Renewable Energy Credits (RECs) to address Scope 2 emissions. Renewable energy currently represents approximately 3% of total energy consumption (3,711 MWh of 146,978 MWh). The firm plans to explore Scope 1 reduction levers including energy audits and upgrade or electrification of equipment.

Broadridge plans to use permanent carbon removal and storage to counterbalance the final 10% or more of residual emissions that cannot be eliminated after achieving its long-term net-zero target by FY2050. The firm explicitly states it will leverage permanent carbon removal and storage after cutting emissions by more than 90%, and may explore carbon offsets to finance additional reductions beyond the SBT. No removals have been contracted yet; the plan is currently in the roadmap stage submitted to SBTi in May 2024.

• Grid electricity efficiency (60% of energy)

  Grid electricity represents 60% of total energy consumption (88,063 MWh of 146,978 MWh in FY2025). Broadridge is addressing this through REC purchases and is targeting absolute Scope 1+2 reductions of 54.6% by 2033 versus the FY2023 base year.

• Scope 1 reduction via energy audits and equipment electrification

  Broadridge plans to explore Scope 1 reduction levers including energy audits and upgrade or electrification of equipment at owned/controlled facilities. By 2033, it commits to reduce absolute Scope 1 and 2 GHG emissions by 54.6% versus its FY2023 base year, and by 90% by 2050.

• Scope 1 reduction via energy audits and equipment electrification

  Broadridge will explore Scope 1 reduction levers including energy audits, upgrade or electrification of equipment, and carbon removal. In FY2024, initiatives implemented include HVAC high-efficiency unit replacements at Edgewood, NY and Kansas City, MO facilities (11 units replaced, ~21.7 tCO2e annual savings, $402,378 investment) and continued solar operation at El Dorado Hills, CA (~263 tCO2e annual savings). Broadridge continues to increase primary data collection to reduce estimated data in Scope 1 calculations.

• Energy efficiency in buildings: LED lighting upgrades at production facilities

  Broadridge has begun installing LED retrofit lighting at major U.S. production sites. At the Coppell, TX facility, 794 fluorescent fixtures were replaced with LED fixtures bringing the facility to nearly 100% LED lighting, eliminating mercury waste from fluorescent bulbs and reducing estimated 204 tCO2e annually. Annual monetary savings are approximately $30,088. The LED light bulbs were purchased by the landlord so no capital investment was required from Broadridge. Broadridge intends to continue expanding this program.

• Digitization and eco-friendly services to reduce upstream and downstream footprint

  Broadridge focuses on digitization and providing eco-friendly services and products as a core element of its environmental strategy, with direct relevance to reducing its upstream transportation and distribution emissions (Cat 4, ~272,430 tCO2e in FY2024), end-of-life treatment (Cat 12) and purchased goods. The firm also engages vendors through its Vendor Code of Conduct to be accountable to environmental management principles and mitigate environmental footprint throughout the supply chain. Customers are informed about Broadridge's emissions reduction actions and the carbon savings from digital vs. physical communications.

• Alternative energy in operations

  Broadridge is leveraging alternative energy sources within its operations. As of FY2024, 1% of energy consumption (1,109 MWh) came from renewables, with 58% from grid electricity and the remainder from fossil fuels.

• Building energy efficiency: LED lighting and HVAC upgrades at production sites

  Broadridge has installed LED retrofit lighting at five of six major U.S. production sites. At Edgewood, NY alone, replacing 5,988 T8 parabolic three-bulb fixtures with LED fixtures saves an estimated $988,020 annually and reduces approximately 508 metric tons CO2e per year (Scope 2, location-based). High-efficiency rooftop HVAC units installed at Edgewood save an additional $6,949/year and 48 tCO2e/year. An energy management consulting firm also instituted smart HVAC scheduling with program setbacks to reduce energy use during off-hours.

• Employee commuting reduction via carpooling incentives and EV charging stations

  Broadridge incentivizes green commuting through a partnership with Carpoolworld.com, allowing U.S. associates to find ride-share partners. Employees who carpool receive premium parking spots via the Travel Smart program. Environmentally friendly and EV vehicles are also eligible for reserved parking. EV charging stations have been installed at both Edgewood and El Dorado Hills production sites to promote electric vehicle adoption among on-site employees. These initiatives target employee commuting (Scope 3 Cat 7) emissions.

• Net zero roadmap development with external climate consultant targeting SBTi validation

  Broadridge retained a leading climate consulting firm to develop a plan to reach net zero GHG emissions by 2050. The ESG Committee is developing near-term and long-term emission reduction roadmaps covering Scopes 1, 2, and the largest indirect Scope 3 categories. The company committed to SBTi in May 2022 (Business Ambition for 1.5°C) and plans to submit targets for formal SBTi validation within two years. The base year has been set to FY2022, and a minimum 4.2% annual reduction rate per SBTi guidance is referenced as the benchmark.

• Facility energy efficiency and operations

  Broadridge is exploring LED conversions and improvements to dust mitigation for shredding/recycling operations as part of transition risk planning. Facilities including Edgewood NY, Markham Canada, El Dorado Hills CA, and India sites are being assessed for energy efficiency improvements alongside backup power infrastructure (generators, dual grid feeds, UPS).

• Sustainable electronics procurement (EPEAT)

  100% of Broadridge's standard internal associate laptops, monitors, and printers have been categorized as Silver or Gold Tier by the Global Electronics Council's EPEAT ecolabel system. Recognized as a 2022 EPEAT Purchaser Award winner for excellence in procurement of sustainable technology.

• Supplier engagement on science-based targets

  Broadridge plans to implement a proactive vendor engagement strategy to collect data with the goal of suppliers implementing science-based targets within 5 years. By 2028, Broadridge commits to engage with its key suppliers regarding science-based targets. This addresses the largest Scope 3 categories: purchased goods and services (203,722 MTCO2e) and upstream transportation and distribution (122,889 MTCO2e).

• Upstream transportation and distribution decarbonisation

  Upstream transportation and distribution is Broadridge's second-largest Scope 3 category at 122,889 MTCO2e in FY2025 — reflecting the firm's communications and document distribution business model. Addressed via supplier engagement and the Scope 3 90% reduction commitment by 2050 from its FY2023 base year.

• Supplier engagement: require 75% of suppliers by emissions to set SBTs by FY2029

  Broadridge will build a proactive vendor engagement strategy targeting its largest suppliers in Category 1 (Purchased goods and services) and Category 4 (Upstream transportation and distribution), which together represent the dominant portion of its Scope 3 footprint (~80%+ of total). The firm commits that 75% of its suppliers by spend-weighted emissions will have science-based Scope 1 and 2 targets by FY2029, and 82% by FY2050. This supplier engagement target was submitted to SBTi for validation in May 2024 and is designed to flow supplier emissions reductions into Broadridge's own Scope 3 reduction process.

• Print-to-digital client communications

  Broadridge's primary environmental strategy leverages its market position to support clients' environmental goals by driving digitization and reducing client reliance on paper-based communications. This print-to-digital strategy is described as the firm's most important environmental lever.

• Responsible procurement & supplier engagement

  Broadridge is pursuing responsible procurement and disposal practices within its supply chain. As part of SBTi submission, by 2029 Broadridge commits to engage with its key suppliers regarding science-based targets. Purchased goods and services (221,662 MTCO2e) is a top Scope 3 category.

• Upstream transportation & distribution

  Upstream transportation and distribution (272,430 MTCO2e in FY2024) is Broadridge's largest Scope 3 category, driven by distribution of client communications. Reducing this footprint is closely linked to the print-to-digital strategy and shipping efficiency.

• Supplier environmental standards via Vendor Code of Conduct

  Broadridge requires all vendors to comply with a Vendor Code of Conduct, which is included via commercially reasonable efforts in every vendor contract (100% of suppliers by number and spend). The code mandates that vendors support sound environmental management principles, comply with all environmental laws, and maintain a written sustainability/environmental policy. Broadridge plans to introduce formal climate-related supplier requirements within the next two years, signaling escalation of supply-chain decarbonisation expectations aligned with its SBTi commitment.

• Digital proxy delivery and e-communications to reduce client paper supply chain emissions

  Broadridge's biggest identified opportunity for GHG reduction is through services performed for clients—driving digitization and reducing paper mailing. For the 2021 proxy season, 84% of positions were processed digitally, saving public companies and funds an estimated $2.6 billion in printing and postage costs and approximately 177,429 tCO2e in Scope 3 Cat 11 avoided emissions for FY2022. Products including Virtual Shareholder Meetings, Digital Proxy, Regulatory Mutual Fund Communications, and the Broadridge Communications Cloud actively shift clients from print to digital, reducing downstream supply-chain GHG emissions.

• Supply chain / purchased goods and services emissions

  Purchased goods and services (2,654,244 tCO2e) and upstream transportation (3,493,242 tCO2e) together comprise the largest emissions sources for Broadridge. The firm states it will continuously look to improve operational efficiencies while reducing its carbon footprint through a responsible and eco-friendly supply chain. Targets will go beyond Scopes 1 and 2 to include its largest Scope 3 emissions.

• Digital-first products to reduce client paper communications

  Broadridge offers numerous e-delivery products that replace paper communications as well as suppression methods that decrease mailed paper volumes. Solutions such as Virtual Shareholder Meetings (2,495 held), Digital Proxy, Regulatory Mutual Fund Communications, and the Broadridge Customer Communications Cloud promote sustainability. Digital suppression rate of paper investor communications reached 86% in FY2022.