GlobalData offers a comprehensive analysis of Matterport, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Matterport‘s ESG performance. GlobalData’s company profile on Matterport offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Matterport, a leading spatial data company, has set a climate change target to reduce its carbon footprint. It has established baselines for its Scope 1, Scope 2, and Scope 3 emissions, which include emissions from its supply chain, transportation, and employee commuting. In 2021, the company's total greenhouse gas emissions were estimated to be 14,079 tCO2e, with Scope 3 emissions accounting for more than 99% of the total. The scope 1, scope 2 and scope 3 emissions were reported at 22.36 tonnes of CO2, 77.42 tonnes of CO2 and 13,978.92 tonnes of CO2 respectively. Matterport's latest filings mentioned the keywords ‘Emissions' and ‘Carbon Footprints’ most number of times in relation to 'climate change'.
Matterport has taken several steps to reduce its carbon footprint, including recycling 60% of its paper, cardboard, metal, and plastics, and sending all electronic waste to a certified specialist recycling firm. The company has also installed three electric vehicle charging points for its employees to encourage EV use, as 99% of its employee commuting emissions are due to people traveling by car. Matterport has been fully remote since the start of the Covid-19 pandemic, and it is working with third-party specialists to explore ways to increase the recycled content in its packaging.
Matterport has commissioned carbon accounting specialists to estimate the emissions that would have occurred if its digital twin creation service had not existed. The company's digital twin technology has helped its customers avoid emissions by rendering business trips by multiple stakeholders unnecessary. Matterport's professional cameras are built to last, and the company has begun to favor suppliers that collect and disclose their emissions data.
In conclusion, the company aims to become better stewards of the planet by reassessing its full value chain, from the sourcing of raw materials to the repurposing or recycling of products at their end-of-life stage. Matterport believes that understanding its own carbon footprint will enable it to monitor, disclose, and reduce its impact over time.