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At Broadridge, sustainability is at the foundation of who we are and what we do. We help reduce our clients’ environmental impact by driving digitization and reducing the volume of paper mail we process on their behalf. We help uncover opportunity—and manage risk—across the ESG landscape through our smart supply-chain management and ESG products. We also have a strong record of mitigating our greenhouse gas (GHG) emissions, minimizing waste, and spearheading awareness initiatives throughout our company and in our communities.
We built a culture based on improving the environment. Through grassroots efforts, our associates volunteer to promote awareness of environmental concerns and help reduce the environmental impact of our operations to create a more sustainable workplace.
Furthermore, our Environmental, Social and Governance (ESG Committee) reports periodically to the Governance and Nominating Committee of our Board of Directors on environmental sustainability. The ESG Committee assists senior management in setting general strategy, as well as monitoring and assessing developments relating to, and improving our understanding of sustainability.
“Broadridge has already eliminated more than 80% of our clients’ fund and issuer paper communications and we see a large opportunity to drive digitization in the financial services industry into the future.”
As we continue to face the threat of climate change, we are committed to helping our clients reduce their environmental impact. Some of our initiatives include reducing GHG emissions by driving digitization and reducing paper usage through decreased volume of physical mail. Climate change has become a defining factor in Broadridge’s long-term prospects, and we continue to take action in mitigating our climate change risks.
We have a responsibility to our clients and our industry to ensure the sustainable consumption and production of our products. Through our practices and our products, we strive to utilize natural resources in an environmentally conscious, socially responsible, and economically feasible way.
One of our key businesses is the fulfilment of communications in the investment community and between companies and their customers. We are well-positioned to lead in the connection between digital-first products and environmental sustainability. Our business model is designed to drive green outcomes.
We take pride in creating high-quality communications products, which are safe and accessible for all, while simultaneously mitigating our environmental footprint throughout the supply chain. For example, our proxy and other paper mailing packaging are encased in recyclable polywrap. This packaging film is composed of 45% Post-Industrial Recycled Content. At the end of its product lifecycle, it can be recycled in any area accepting #4 plastics or in store drop-off locations.
We offer numerous e-delivery products, which significantly contribute to waste reduction for both ourselves and our clients. These products, which are detailed below, replace our paper communications. Broadridge has already eliminated more than 80% of our clients’ fund and issuer paper communications through digitization and other alternatives, driving down our Scope 3 greenhouse gas emissions. We invest to decrease paper communications and increase digital communications.
The following products promote sustainability within the linear supply chain model by reducing resource input, including non-renewable resources, and waste output. Our ever-expanding innovative products help our clients lower their ecological footprint within the current traditional “take, make and throw away” model in order to promote environmental sustainability.
Virtual Shareholder Meeting (VSMs) – In 2019, Broadridge enabled over 300 virtual shareholder meetings; in 2020 we saw an increase to more than 1,500 virtual shareholder meetings. Our investments in technology and systems capacity now enable participation by over 20,000 simultaneous users at any given time. VSMs are beneficial in that they enable company meetings to be more accessible, making shareholder participation easier.
VSMs also reduce meeting costs for investors and companies—including travel costs in getting directors and management to a meeting, as well as other associated costs, such as security. Simultaneously, VSMs reduce management and shareholder travel-related GHG emissions and promote safe social distancing practices.
ProxyVoteTM – Our web-based and mobile app proxy voting solutions enable shareholders to vote from any device securely and quickly. Convenient one-touch sign on and push notifications drive participation and maximize shareholder engagement. ProxyVote.com improves shareholder engagement via increased accessibility and reduces paper usage, as well as GHG emissions by eliminating transport and delivery of printed proxy materials.
Digital Communications – Broadridge’s digital communications engage customers, turning static communications into dynamic and personalized experiences. Our suite of digital communication offerings allows companies to create, deliver and manage customer communications across multiple channels with one connection. By promoting flexible choices for document distribution, hosting and warehousing, as well as partnering with our clients to suppress printed materials and mailings through electronic communications initiatives, we can reduce our paper mailings. By displacing printing via our electronic communications, we have reduced an estimated 800 metric tons of carbon dioxide equivalent (CO2e) emissions annually.
We buy approximately 25,000 tons of paper annually. 100% of the paper products we produce and sell are sourced from responsibly managed forests and certified by one of the following organizations:
Three of our production facilities are chain of custody-certified to produce and sell materials with the FSC, PEFC or SFI logo.
View our Vendor Code of Conduct.
We are all stewards of the environment and, at Broadridge, we take this responsibility seriously. Our commitment to reducing paper and waste, mitigating carbon emissions and managing our energy consumption are more than just words; we put our commitment into action. We operate daily with a goal to diminish our environmental impact through sustainable consumption and production in all of our facilities. We have shown substantial progress in this field and see many opportunities for further advancement.
We initiated our GHG reduction journey in 2014 when we made significant capital investments to reduce our energy use, including a reduction of electricity usage at some of our largest facilities. In 2017, Broadridge acquired a major U.S.-Canadian printing production operation, which included both a natural gas-fired cogeneration facility and solar energy facility. This solar array was designed to produce an estimated 1.4 million kWh of energy annually, offsetting more than 14,000 metric tons of carbon. This represented Broadridge’s first capital investment in the renewable energy sector, while demonstrating our ongoing commitment to energy use and GHG emissions reductions.
We achieved an absolute Scope 1 and Scope 2 GHG emissions reduction of 24.2% from 2013 to 2019. While we are pleased with the great progress we’ve made in managing our facilities more efficiently, we still see an opportunity to expand these efforts. We are working to achieve a 15% reduction in absolute Scope 1 and Scope 2 GHG emissions from our 2019 baseline by 2025.
Green Buildings – Since 2008, Broadridge has been a proud member of the U.S. Green Building Council. Our 605 Third Ave. office—a recently modernized 44-story tower in midtown Manhattan—was certified LEED Gold as a result of its early 2016 capital improvement program. LEED is the leading program for green building certification worldwide and helps buildings to implement sustainable and greener strategies. A study conducted for the U.S. Department of Energy shows that the average LEED-certified building has 34% lower CO2e emissions than a typical building. LEED-certified buildings are also less energy intensive, consume less water and divert more waste than non-certified buildings.
Heating, Ventilation and Air Conditioning (HVAC) Units – One significant GHG emissions reduction initiative included the installation of high-efficiency rooftop HVAC units in our Edgewood, NY, and El Dorado Hills, CA, sites. These HVAC systems use about 30% less energy than the equipment they replaced, reduce CO2e emissions by an estimated 200 metric tons annually and save $100,000 annually.
LED Lighting – According to the United Nations, if people worldwide switched to energy-efficient light bulbs, it would save $120 billion annually. We have installed or will be installing LED retrofit lighting at all four of Broadridge’s major U.S. production sites and have already saved an estimated $481,000 annually.
In our Edgewood, NY, facility alone, the lighting program eliminated 4,000 T8 parabolic 3-bulb fixtures and replaced them with LED fixtures, thus reducing both energy usage and eliminating mercury waste from fluorescent bulbs. Our eco-friendly lighting initiative also reduced an estimated 400 metric tons of CO2e emissions annually at the site. In addition, lighting occupancy sensors were installed in select offices and washrooms to reduce unnecessary use.
At Broadridge, our dedicated associates are our greatest assets. Our best practices are cultivated in an environmentally conscious atmosphere, where associates across our locations share information and tools. Passionate associates promote environmental education and awareness by providing peer engagement opportunities in environmental sustainability initiatives. In doing so, associates address environmental challenges that are important to our greater business, values and communities. Our associate-led initiatives encourage responsible energy use and waste diversion in both our workplaces and our homes.
Electric Vehicle Charging Stations – We have implemented 11 electric vehicle charging stations at our Edgewood, NY, and El Dorado Hills, CA, production sites. Since their implementation in October 2019, the stations have mitigated 9,434 kg of GHG emissions, which is approximately equal to the emissions diverted from planting 242 trees.
Ride-Share Program – Our partnership with Carpoolworld.com allows associates to sign up and find a commuting buddy in their area to travel to and from Broadridge workplaces. Any U.S.-based Broadridge associate is eligible to partake in our ride-share program. Ride sharing reduces fossil fuel emissions and traffic congestion while providing alternative daily commuting options.
“Travel Smart” Parking – Associates who ride-share are also eligible to register for our Travel Smart parking program. Our carpooling program reserves premium parking spots for registered associates. Environmentally friendly cars, as designated by New York State regulations, may also park in these coveted spaces.
Eco-Friendly Building Interiors – Broadridge has partnered with a green furniture vendor, Waldner’s, to ensure our furniture is made from mostly recycled materials. Our facilities team also replaced standard carpeting with climate-neutral, sustainable, environmentally friendly carpeting on new construction and renovation projects. Eco-friendly carpet, ceiling tiles and furniture have been installed at four of Broadridge’s major U.S. production sites.
Low Impact Cleaning Products – In partnership with Broadridge vendors, we use GS-37 cleaning products for general-purpose, restrooms, counters, glass, mirrors and floors at all of Broadridge’s major U.S. production sites. These products are Green Seal-certified, which monitors product performance requirements as well as environmental and health considerations for vulnerable populations in schools, day-care facilities, nursing homes and other institutional settings.
Site Recycling Stations – Broadridge has recycling programs for numerous products, including old fluorescent lightbulbs, batteries, toner cartridges and other materials. We also house electronic waste recycling bins for products, such as keyboards, personal computers and ballasts. We have a long-standing relationship with AHRC, a New York City-based nonprofit organization serving people with intellectual and developmental disabilities, where we donate old electronics to be reused by those in need.
Our highest priority is keeping our associates and our environment safe, and transparency around our production facilities is key to this commitment. The demand from consumers and commercial customers for greater transparency–particularly regarding climate change and sustainability performance–is ever-increasing.
As the effects of climate change continue to become more severe, we anticipate more stringent carbon-related regulations to be implemented, affecting our value chain of suppliers, clients and ourselves. Environmental reporting encourages greater awareness of the impacts we make as a company. We view this awareness as the first step to minimizing our climate change risks.
We hold ourselves accountable at the highest environmental, safety and protection standards, and we regularly disclose detailed information around GHG emissions and resource use at each of our production facilities. We also operate in compliance with all EPA-mandated environmental reporting requirements at all of our production facilities.
The Carbon Disclosure Project (CDP) represents a voluntary effort to develop standardized reporting procedures concerning firms’ climate-related activities, which is intended to complement annual financial accounts and provide information relevant to investors. Broadridge has a long-standing commitment to environmental reporting and began providing publicly available CDP reports in 2008.
By partnering with community organizations, donating resources to charitable causes and volunteering our time, we hope to better our communities. Our dedicated associates are committed to creating change through our business operations and charitable donations.
Since the associate-led Broadridge Environmental Committee’s (BEC) inception in 2008, the committee has promoted environmental awareness and education by serving the communities in which Broadridge associates live and work. Our dedication to community service continues to be an ongoing focus.
Learn more about Broadridge’s global philanthropy and volunteer efforts.
Consistent with the need for corporations to thoughtfully engage with the world around them, we strive to continually reduce our environmental impact.
Since 2014, Broadridge has partnered with American Forests to protect and restore forests, helping to preserve the health of our planet. For over two decades, their Global ReLeaf program has worked with local partners to plant trees in every U.S. state and in 44 countries around the world. Millions of trees have been planted with the help of American Forests in areas damaged by natural causes or human activity.
For every client satisfaction survey returned or conversion to paperless delivery of shareholder materials, Broadridge makes a donation to American Forests to further their important work. Our partnership with American Forests has resulted in the planting of tens of thousands of trees around the world.
Community Garden – Our volunteer-led community gardens began at our Edgewood, NY, site in 2013. The garden program allows associates to plant, tend, harvest and donate fresh produce each summer to local hunger relief organizations. Broadridge associates maintain a second community garden at our South Windsor, CT, site where up to 100% of produce is donated. These gardens are both a means of giving back to our community and fostering a healthy and supportive work environment.
Earth Day Activities – Broadridge runs numerous Earth Day awareness activities. These activities span the week encompassing April 22nd, featuring a different daily theme around environmental stewardship and awareness. For example, in 2019, associates engaged in Mug Monday, Travel-Smart Tuesday, Water-wise Wednesday, Trash-free Thursday and Garden-fresh Friday. Throughout the green week, the BEC hosts trivia contests, raffle giveaways and potluck social events.
In early May of each year, associates participate in “I Love My Park Day,” a volunteer event offered by the New York State Department of Parks and Recreation. This annual event features state park clean-up activities to prepare for park summer experiences. Events include painting lifeguard stations, mulching paths, weeding gardens and collecting litter. Our Earth Day activities promote environmentally sustainable daily lifestyle habits and educational opportunities, as well as encouraging a collaborative and fun work atmosphere.