Force For Good 2024: Carbon Footprint at Alpine HQ

In 2023, we completed a third-party assessment of the 2022 greenhouse gas (GHG) emissions of Alpine (including Alpine Operations Group).¹ Our assessment was led by Bridge House Advisors, a full-service ESG and sustainability advisory firm. The emissions inventory was performed in accordance with the World Resource Institute’s GHG Protocol Corporate Standard, reviewing Scopes 1 and 2 (emissions from Alpine’s own operations and electricity consumption) and select Scope 3 emissions (including emissions from employee business travel, employee commuting, purchased goods and certain categories of waste, but for the avoidance of doubt, excluding “financed emissions”).

ALPINE’S 2022 CARBON FOOTPRINT RESULTS

• Reporting Year: 2022
• Number of Employees: 112
• Total Scope 1 + 2 Emissions (MT CO2-e): 101
• Total Scope 1 + 2 Emissions (MT CO2-e/Employee): 0.9

Mitigating the Climate Impact of Alpine HQ Operations

As part of our efforts to help mitigate the climate impact of our operations,² we have partnered with Working Trees, an Alpine Social Ventures Foundation backed company, that works with farms to plant trees on pasture–a practice called silvopasture–to store carbon while simultaneously providing shade for heat-stressed livestock, fodder to lower reliance on external feed, and valuable tree products. Alpine purchased ex-ante carbon credits from Working Trees’ Brazilian carbon project, which will fund the planting of ~28,000 trees across ~300 acres of degraded pasturelands in the Brazilian Amazon.³

In April 2023, we remodeled our headquarters’ office in San Francisco and worked with MillerKnoll rePurpose to repurpose our old office furniture instead of throwing it all into a landfill. In this effort, we re-sold 23,739 pounds of items, re-used 4,974 pounds and recycled 1,620 pounds, all of which amounted to 92.4% of our furniture disposal.

¹Alpine’s carbon footprint, for FY2022, includes three office locations (San Francisco, New York City, and Salt Lake City) and remote employees as of 12/31/2022. The emissions inventory was conducted by the third party Bridge House Advisors in accordance with the World Resource Institute’s GHG Protocol Corporate Standard, reviewing Scopes 1 and 2 (emissions from Alpine’s own operations and electricity consumption) and select Scope 3 emissions (including emissions from employee business travel, employee commuting, purchased goods and certain categories of waste). Alpine’s carbon footprint includes Alpine Operating Group and excludes Alpine’s portfolio companies (“financed emissions”). While Alpine seeks to mitigate its GHG emissions, for the avoidance of doubt, Alpine makes no claims of carbon neutrality or of having achieved significant emissions reductions.

²Scopes 1 and 2 (emissions from Alpine’s own operations and electricity consumption) and select Scope 3 emissions (including emissions from employee business travel, employee commuting, purchased goods, and certain categories of waste).

³As a part of Alpine’s efforts to help mitigate the climate impact of its operations, Alpine purchased ex ante, nature-based carbon removal credits from the third party Working Trees’ Brazilian carbon project (the “Project”), which is intended to fund the planting of ~28,000 trees across ~300 acres of degraded pasturelands in the Brazilian Amazon. The Project involves a practice called silvopasture, or the planting of trees on pasture with the intent to store carbon, improve pasture productivity, and provide for other ancillary benefits. Pursuant to Alpine’s purchase of ex ante carbon credits, the Project expects to generate carbon credits that will be verified according to the methodology for GHG emissions reductions or removals approved by a third-party carbon standards body and issued through a registry authorized by and in accordance with the rules of such voluntary standards body. Alpine is relying on the representations of Working Trees and makes no independent claims regarding verification or validity of the Project and/or the carbon credits. Alpine has provided Working Trees with financial and professional development resources through the Alpine Social Ventures program. For the avoidance of doubt, Alpine does not market or sell carbon credits on behalf of Working Trees or any other entity. Alpine makes no independent claims regarding validation or verification of this carbon project.