2023 GHG Emissions Annual Report

Redhorse Corporation 2023 Greenhouse Gas (GHG) Emissions Annual Report

In this inaugural report using the Persefoni platform, we disclose our Scope 1 and 2 emissions, calculated using the location-based methodology in accordance with the GHG protocol, for the last three full calendar years (CY 2020 to 2022). Redhorse does not have any Scope 1 emissions to report for this evaluation period, thus this year’s report captures exclusively Scope 2 emissions. Redhorse’s annual average emissions for the reporting period is 68.14 tCO2-e, or the equivalent of approximately 15 passenger vehicles.

The impact of COVID-19 on office use is apparent in 2021 but Redhorse saw an increase in Scope 2 emissions in 2022 as employees began to return to the office in a hybrid-remote structure. Redhorse fully supports a remote workforce culture where possible and, as such, expects its Scope 2 emissions to remain consistent with CY 2022 levels in the coming years.

In future Annual Reports, Redhorse plans to include Scope 3 emissions, with a primary focus on employee travel and major suppliers/vendors for corporate equipment, apparel, and office supplies. As Redhorse completes the evaluation of all Scopes, the company will begin to develop plans that enable it to further reduce its emissions and identify viable, cost-effective ways to achieve net-zero operations.