Dwellworks 2023 ESG Impact Report

Corrections and Comments

In the process of updating our data for 2023, we have corrected some errors in our 2022 GHG reporting and calculations: Our 2022 calculations for US employee commuting and travel were reported as Scope 1 emissions. They are Scope 3 emissions, and that change is reflected in the updated table below. We currently capture limited Scope 2 information from our offices in the US, Costa Rica, and Germany where kWh information is readily available through landlords and utilities providers. In all instances, data reflects a partial sampling (e.g., kWh but not additional utilities). In Costa Rica, the primary source of electric power is through hydroelectricity. Our updated GHG calculations reflect the lower carbon impact of this source. Our Scope 3 supply chain reporting is based on data from a representative number of Destination Consultants and Corporate Housing providers who completed our annual survey. Our Greenhouse Gas emissions in the US decreased in 2023. We expanded our days in office, but experienced the full year benefit of a more efficient use of our office space, resulting in a lower carbon footprint overall. On page 13 of this report, we noted the positive carbon impact of our office footprint reduction using specific square foot data where available and informed estimates based on the global distribution of our operations where the specific square foot data is not available, (e.g., in locations where we are sublessors). These trends are noted as indicators only and not included in our Scope 2 analysis below, pending the capture of more specific data. The data below is based on billed kWh in select locations. Scope 3 emissions for 2023 reflect lower volumes of business vs 2022, due to relocation slowdowns and increased use of EV/hybrid cars by our local Consultants. We use https://www.carbonfootprint.com for calculations and follow guidelines from https://ghgprotocol.org/corporate-standard. With additional assets for data gathering, we plan to expand our reporting for 2024.

Appendix: Measurements and Methodology

US GHG EMISSIONS IN METRIC TONS

2023

2022

2021

Scope 1

0

0

0

Scope 2

103.30

259.85

218.0

Scope 3

205.20

241.16

154.52

Total

308.50

501.01

372.52

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