Stifel Financial, a financial services company, is committed to reduce its carbon emissions. Stifel has invested in renewable energy projects such as the Crow Lake Wind Project, which generates zero-emissions electricity and displaces significant emissions from fossil fuel energy generation. This project has resulted in saving 11,886,941 kWh of energy and reducing 2,139 metric tons of GHG emissions. Additionally, Stifel has undertaken the A-Gas Voluntary Emission Reduction Project to avoid the production of potent greenhouse gases and promote the reclamation of used hydrofluorocarbons (HFCs). The company also emphasizes the reuse and recycling of its electronic hardware to minimize its environmental footprint.

To offset its carbon footprint, Stifel has purchased carbon offsets through the Bonneville Environmental Foundation. These offsets have avoided 7,400 metric tons of emissions from entering the atmosphere in 2022, offsetting approximately two-thirds of the company's scope 1 and 2 emissions. In the future, Stifel plans to complete a full greenhouse gas assessment based on actual energy usage across its operations and report its scope 1 and 2 emissions. The company estimates that its 3 million square feet of office space has a greenhouse gas footprint of approximately 11,065 metric tons of CO2e.

Stifel is also involved in sustainable finance initiatives, such as serving as a senior manager for the San Francisco Bay Area Rapid Transit (BART) District's sale of $700 million of green bonds. These bonds will fund an electrified railway, providing a low-carbon alternative to automobile travel and enhancing resiliency measures. While greenhouse gas emissions are not highly material to Stifel's business model, the company recognizes its impact on the environment and is taking steps to manage its footprint.

Overall, Stifel's efforts to reduce emissions and invest in sustainable projects demonstrate its commitment to environmental sustainability. Stifel Financial is actively working towards reducing emissions and has achieved significant emission reductions through renewable energy projects, voluntary emission reduction initiatives, and carbon offset purchases.

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