Broadridge Financial Solutions, Inc. — full event log

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.

sustainability_report p.8

FY2023 baseline emissions were recalculated to address changes in latest standardized emissions calculation methodologies and factors. Scope 2 base year reported on market-based method per GHG Protocol.

sustainability_report p.13

In 2025, Broadridge began purchasing Renewable Energy Credits (RECs) to address Scope 2 emissions and will explore Scope 1 reduction levers including energy audits and equipment upgrade/electrification.

sustainability_report p.13

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.

sustainability_report p.13

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.

sustainability_report p.13

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).

sustainability_report p.13

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.

sustainability_report p.2

In December 2024, Broadridge had its near-term and net-zero targets across Scope 1, 2, and 3 validated by the Science Based Targets initiative (SBTi), aligned with 1.5°C. Commits to reduce absolute Scope 1+2 by 54.6% by 2033 vs FY2023 base year; 90% by 2050; engage key suppliers by 2028; Scope 3 90% by 2050.

sustainability_report p.10

Broadridge currently generates 1,109 MWh of renewable electricity via on-site solar panels at its El Dorado Hills, CA facility. For market-based Scope 2, Broadridge's data center provider purchases RECs from wind VPPAs and Green-e wind RECs (US, Canada), REGOs/GoOs (UK, Germany), I-RECs (China wind/solar/hydro), local hydro Green product (Sweden), and LGCs (Australia) on Broadridge's behalf. Looking ahead, Broadridge plans to begin purchasing Renewable Energy Credits (RECs) directly in FY2025 to further address Scope 2 emissions, as part of its SBTi-aligned near-term target to reduce Scope 1+2 by 54.6% by FY2033.

sustainability_report p.35

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.

sustainability_report p.261

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.

sustainability_report p.249

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.

sustainability_report p.265

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.

sustainability_report p.256

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.

sustainability_report p.24

In May 2024, Broadridge submitted near-term and net-zero targets to SBTi for validation. Near-term: 54.6% absolute reduction in Scope 1+2 by 2033 vs FY2023 baseline. Net-zero by 2050 with 90% reductions across S1, S2, and key S3 categories.

sustainability_report p.6

Broadridge recalculated its FY2023 base year emissions after switching to a new carbon accounting software. Errors were discovered that exceeded the 5% recalculation threshold defined in their Base Year Emissions Recalculation Policy. Previously Scope 3 was calculated using the GHG Protocol/Quantis Scope 3 screening tool. All scopes (1, 2 location-based, 2 market-based, 3) were restated.

sustainability_report p.43

In FY2024 Broadridge significantly improved primary data collection for Scope 2. Electricity was fully estimated for 32% of sites in the prior year, falling to 22% in FY2024. Primary energy usage data was gathered for over 30 data centers that were previously fully estimated. This caused a ~6.54% increase in reported Scope 1+2 emissions.

sustainability_report p.70

Broadridge committed to reduce absolute Scope 1 and 2 GHG emissions 54.60% by FY2033 from a FY2023 base year. Target set 07/01/2022, submitted to SBTi for validation in May 2024. Aligned to 1.5°C. Covers 100% of Scope 1 and Scope 2 (market-based).

sustainability_report p.246

Broadridge commits that 75% of its suppliers by emissions covering purchased goods and services and upstream transportation and distribution will have science-based targets by FY2029. Submitted to SBTi for validation in May 2024. Aligned to 1.5°C.

sustainability_report p.256

Broadridge Financial Solutions, Inc. commits to reach net-zero greenhouse gas emissions across the value chain by FY2050. This is a science-based target currently under SBTi review. Residual emissions (after >90% reduction) to be neutralized with permanent carbon removals.

sustainability_report p.259

LRQA provided limited assurance against ISO 14064-3 covering Scope 1 (12,150 tCO2e), Scope 2 location-based (39,258) and market-based (40,951), and Scope 3 Categories 1, 4, and 9. Annual process. 100% of Scope 1 and 2 verified; 41% of Scope 3 Cat 1 and 51% of Scope 3 Cat 4 verified.

sustainability_report p.272

Employee commuting in FY2024 is reported at 833 tCO2e using distance-based method, compared to 15,025 tCO2e in FY2023 (calculated via a more conservative assumption approach). The new methodology uses assumed mode of transport based on distance from office. This likely reflects an improved, more accurate methodology rather than an actual emissions reduction.

sustainability_report p.56

Broadridge has estimated all 15 categories of potential Scope 3 emissions, identifying purchased goods and services and upstream transportation and distribution as the top categories.

sustainability_report p.7

New program enables non-profit organizations to receive grants based on volunteer hours performed by Broadridge associates. Family Care Network also launched in 2024 — eighth Associate Network.

sustainability_report p.1

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.

sustainability_report p.1

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.

sustainability_report p.1

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.

sustainability_report p.1

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.

sustainability_report p.7

FY2023 emissions recalculated to address changes in latest standardized emissions calculation methodologies and factors. New values: Scope 1 12,531; Scope 2 (market) 37,311; Scope 3 610,907 MTCO2e.

sustainability_report p.6

Broadridge incorporated a new estimation methodology for Scope 3 using the GHG Protocol/Quantis Scope 3 screening tool (spend-based method). This was the first year comprehensive Scope 3 categories were calculated across all 15 categories. Previously only selected categories were reported.

sustainability_report p.29

LRQA provided limited assurance (ISO 14064-3, ISAE 3000/3410) of Scope 1, Scope 2 location-based, and Scope 3 categories 1, 4, and 12. Annual process. 100% of reported emissions verified. First year of this expanded assurance coverage per the expanded boundary.

sustainability_report p.76

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.

sustainability_report p.25

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.

sustainability_report p.20

New base year set to FY2022 (July 1, 2021 – June 30, 2022) to align with fiscal year reporting. Boundary expanded from significant operational locations to company-wide (all offices, facilities, and data centers globally). Previous inventory no longer comparable. GHG Protocol operational control approach adopted.

sustainability_report p.29

2022 CDP report changed reporting year definition from calendar year to fiscal year (July 1, 2021 – June 30, 2022). This affects comparability with prior years.

sustainability_report p.28

Broadridge states that neutralization of unabated emissions at the 2050 net zero target year is still under consideration. The company is unsure whether it intends to use permanent carbon removals to offset residual emissions. No specific removal technology (DAC, BECCS, biochar, etc.) is currently identified or committed. Planned milestones for neutralization have not yet been established; this is being developed alongside the broader SBTi-validated roadmap.

sustainability_report p.24

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.

sustainability_report p.5

Broadridge committed to net zero GHG emissions by 2050, company-wide. Signed SBTi commitment letter in May 2022 as Business Ambition for 1.5°C campaign member. Formal SBTi validation of near- and long-term targets planned within 2 years. Target covers Scopes 1, 2, and largest Scope 3 categories (95% of S1+S2 and highest-emitting S3).

sustainability_report p.23

Broadridge acquired Itiviti Holding AB (now Broadridge Trading and Connectivity Solutions) in May 2021, adding 42 properties globally. Itiviti contributed 78.4 tCO2e to Scope 1 and 1,976.3 tCO2e to Scope 2 location-based. Emission increase from acquisition: 2,054.7 tCO2e (4.6% of combined S1+S2).

sustainability_report p.28

Broadridge owns a 0.8 MW PV solar energy system at its El Dorado Hills, CA printing facility, acquired in 2016. The company holds the associated Renewable Energy Certificates (RECs). A net energy metering agreement allows export of solar power to the local grid at peak rates, generating credits when the system is offline. The solar installation saves an estimated $152,741 annually and avoids an estimated 351 metric tons CO2e per year (Scope 1 savings). The system has a payback period of 11-15 years and a lifetime of >30 years. LED lighting and high-efficiency HVAC upgrades at Edgewood, NY complement the renewable generation investment.

sustainability_report p.26

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.

sustainability_report p.25

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.

sustainability_report p.17

Estimated and reported all 15 categories of Broadridge's Scope 3 emissions for the first time, leveraging the Greenhouse Gas Protocol/Quantis Scope 3 screening and estimator tool.

sustainability_report p.6

Setting target base year to fiscal year 2022; CDP Report target base year has been recalculated for an increased greenhouse gas operational boundary to enhance completeness in line with the GHG Protocol.

sustainability_report p.17

Broadridge was added as a constituent of the FTSE4Good Index Series in 2022.

sustainability_report p.7

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.

sustainability_report p.19

Attained Limited Assurance by independent third party of fiscal year 2022 Scope 1, 2, and material Scope 3 emissions data.

sustainability_report p.6

Performed first ESG materiality assessment to inform Company's ESG reporting and strategy, identifying GHG emissions, supplier GHG emissions, and climate change as top material issues.

sustainability_report p.4

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.

sustainability_report p.19

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).

sustainability_report p.19

Expanded scope of Scope 1 and 2 emissions data capturing company-wide Broadridge offices, facilities, and data centers across 196 sites, whereas prior years captured only significant operational locations.

sustainability_report p.6

Broadridge committed to the SBTi as of May 2022 as a Business Ambition for 1.5°C campaign member. Developing a plan to reach net zero GHG emissions by 2050 with near-term target to be submitted to SBTi for validation within two years.

sustainability_report p.17

Piloted a qualitative climate risk assessment and disclosed key climate-related risks and opportunities indexed to TCFD in 2022 CDP Report.

sustainability_report p.6

In FY2022 Broadridge reported 0% renewable energy of its 540,140 GJ total energy consumed, with 100% grid electricity. The firm has retained a leading climate consulting firm to develop a net zero plan by 2050 including near-term SBTi-validated targets, which is expected to include renewable energy procurement.

sustainability_report p.14

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.

sustainability_report p.9