Sep 12, 2024
Robinhood ESG Report: 2023 Highlights
The Robinhood Environmental Social and Governance (“ESG”) program is central to our company mission of democratizing finance for all. Today we published our fourth ESG report to feature last year’s work and focus on today’s commitments to drive our mission and make a positive impact for our customers and the world around us.
This year’s report describes our progress with ESG priorities for fiscal year 2023:
Robinhood is dedicated to managing our environmental impact, including carbon emissions. Since 2019, we’ve completed an annual greenhouse gas (GHG) inventory, and this year, we’ve included reporting our Scope 3 emissions, along with Scope 1 and 2. To take our Environmental contributions a step further, we teamed up with several other companies to help fund five new solar plants in Michigan. These plants are set to generate over 110,000 MWh of clean energy each year for five Michigan communities, cutting down more than 52,000 tonnes of CO2 annually. We'll use the resulting Renewable Energy Certificates to lower our electricity-related emissions.
We embody our mission of democratizing finance for all by actively engaging with the community and collaborating with organizations that share our mission. Our efforts focus on advancing financial inclusion by expanding the scope and reach of our partnerships since our first report in 2020. To amplify our Social and Community outreach, we deepened our work with various financial education organizations. The Robinhood Money Drills Program forged partnerships with four new universities across the U.S., to provide funding for financial education for students and student athletes. Additionally, we partnered with the Bunker Labs organization to bring vital retirement education workshops to veteran entrepreneurs across the U.S.
Robinhood is committed to being a Safety First company. We work every day to earn and keep our customers' and stakeholders' trust by sticking to our values and fostering integrity. We continue to strengthen these Governance principles by reviewing and updating our policies and internal controls to maintain our commitment to high standards of business and professional conduct and compliance. Our Board recently updated our Code of Conduct, which applies to all of our officers, directors, employees, and contingent workers. For third parties, we have a Vendor Code of Conduct. Additionally, we have a Code of Ethics for Senior Financial Officers that applies to our CEO, CFO, and Corporate Controller. By committing to these documents, we strive to uphold the values that make our company trustworthy and accountable.
Our report highlights our continued commitment to transparency and the advancement of Robinhood's ESG objectives. Read the full Robinhood ESG Report 2023 HERE.