Stifel Financial in an effort to account for its contributions to climate change, sought out opportunities to positively impact the environment. Stifel Financial's latest filings mentioned the keywords 'Emissions' and 'Carbon' most number of times in relation to 'Climate Change'.

The company has taken steps to reduce its emissions, including investing in renewable energy projects and reusing and recycling its electronics. The company has also purchased carbon offsets to offset approximately 2/3 of its Scope 1 and 2 emissions. In 2023, Stifel Financial plans to complete a full GHG assessment based on actual energy usage across its operations and report its Scope 1 and 2 emissions in future reports.

Stifel Financial has made significant efforts to reduce its carbon emissions and promote sustainability. The company has invested in renewable energy projects, such as the Crow Lake Wind Project, which is a zero-emissions, grid-connected electricity generation source located on 36,000 acres in South Dakota. Stifel Financial has also undertaken the A-Gas Voluntary Emission Reduction Project to avoid the production of virgin hydrofluorocarbons (HFCs), a potent greenhouse gas, and promote the reclamation of used HFCs. Additionally, the company has diligently reused and recycled its electronic hardware to minimize its footprint.

Stifel Financial has purchased carbon offsets to offset approximately 2/3 of its Scope 1 and 2 emissions. The company has funded innovative energy projects that make necessary features of the economy more sustainable and are backed by third-party verification and meet the Verified Carbon Standard (VCS). Stifel Financial plans to complete a full GHG assessment based on actual energy usage across its operations in 2023 and report its Scope 1 and 2 emissions in future reports. The company estimates the greenhouse gas footprint of its 3 million square feet of office space for 2022 to be approximately 11,065 metric tons of CO2e.

Stifel Financial recognizes that its operations have an impact on the environment and has taken steps to mitigate its emissions. The company has identified environmental risk areas, such as the generation of hazardous waste, a high potential carbon footprint, and a history of noncompliance with environmental regulations. Stifel maintains robust technological systems for storage, security, and processing for its clients. As part of this responsibility, the company diligently reuses and recycles its electronic hardware in order to minimize its footprint. The impacts of its efforts include saving of 11,886,941 kWh in energy, 2,139 metric tons GHG emissions, 64,161 liters of water, 117 metric tons of solid waste, and 14.5 metric tons of hazardous waste for teh year 2022.

In conclusion, Stifel is focused on its responsibility to its environmental footprint. Its environmental program is continually evolving to address the impacts of its business and promotes the kind of sustainability that drives better outcomes for its associates, clients, communities, and the environment.

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