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ESG Policy

Updated: 2024-10-27

Our Mission

At Climate Tracker Initiative (CTI), our mission is simple yet powerful: All future decisions should take companies’ ESG impact into account. We strive to be the world’s most comprehensive, accurate, and accessible service for ESG data. By making high-quality ESG data available, we empower businesses, regulators, and stakeholders to make more informed, sustainable decisions.

Our Vision

We envision a world where sustainability is at the forefront of every business decision, driven by data and innovation. Our aim is to become the leading provider of ESG data services, helping organizations worldwide comply with essential regulations and sustainability goals, including SFDR and CSRD.

Commitment to SDG 13: Climate Action

Our company is strongly aligned with UN Sustainable Development Goal 13 (SDG13): Climate Action. In everything we do, we prioritize minimizing our environmental impact. This commitment influences not only our internal practices but also the data services we provide to help others reduce their carbon footprint.

Environmental Responsibility

We have adopted the following key environmental initiatives:

  • Prioritizing low-carbon solutions: We always choose the most environmentally friendly options, such as using trains for business travel, electric vehicles, and renewable energy sources.
  • Vegetarian policy: We provide only vegetarian meal options to reduce our environmental footprint and promote sustainable practices.
  • Paperless operations: We have implemented a no-paper policy, relying on digital solutions to minimize waste.
  • CO2 Emissions Tracking and Reduction: We use GoClimate to continuously track our GHG emissions and receive feedback on activities aimed at reducing our carbon footprint. We are committed to setting a formal CO2 emissions reduction target as we strive to minimize our environmental impact.

Social Responsibility

We are committed to fostering a diverse, equitable, and inclusive environment where everyone, regardless of race, gender, or background, has equal opportunities to succeed. Our key initiatives include:

  • Gender equality: We actively work toward gender equality at all levels of our organization.
  • Diversity and inclusion: We create a collaborative environment where every voice is heard.
  • Work-life balance: We offer reduced working hours, paid exercise, and flexible hybrid work arrangements to support the well-being of our employees.

Governance and Ethical Practices

Transparency, fairness, and ethical governance are core to our values. Our governance practices ensure that we operate with integrity and accountability:

  • Human Rights and Labor Standards: We conduct human rights due diligence using a risk-based approach, ensuring that our business operations respect the UN Guiding Principles on Business and Human Rights and comply with core labor standards, including the prohibition of forced labor and child labor.
  • Gender and transparency: These principles are ingrained in our owners’ directive and shareholders’ agreement.
  • Outsourcing practices: We ensure fairness by paying a 25% premium on top of market rates for outsourced development work.
  • Anticorruption and Criminal Activity Prevention: We maintain strict anticorruption practices and are committed to preventing criminal activities such as bribery, tax evasion, and money laundering in all business dealings.
  • Data privacy and security: We take GDPR seriously. Following external audits and assessments, we constantly monitor our privacy policies and data security measures.

Regulatory Compliance

CTI helps companies within the EU comply with key sustainability regulations such as SFDR, CSRD, and GDPR. Our platform ensures that businesses can easily access and use ESG data to meet their regulatory obligations.

Continuous Improvement

Our ESG policy is not static. We are committed to reviewing and improving our practices on a continuous basis, with formal reviews conducted at least once per year. We aim to not only meet but exceed industry standards and expectations in ESG practices.

Transparency and Reporting

We believe in accountability. Our ambition is to publish regular reports on our ESG performance and progress, both for our stakeholders and the wider public.

Empowering Others

In line with our mission, we offer special pricing for media and NGOs, enabling them to access the data they need to drive positive environmental and social change. We believe that by empowering others, we can collectively create a more sustainable future.

We are committed to continuously improving our ESG practices and ensuring that all stakeholders are aligned with our mission to create a more sustainable, equitable, and transparent future.
/Christian Patay, CEO