Dimensional Receives Climate Neutral Operations Certification
Austin, TX—Monday, March 22, 2021—Dimensional Fund Advisors is among the first in its industry to have its worldwide operations certified Climate Neutral by leading climate solutions provider South Pole. To achieve this certification, Dimensional offset all of its 2020 Scope 1, 2, and 3 operational greenhouse gas emissions by purchasing carbon offsets through South Pole, which supports climate action projects worldwide. The firm also intends to continue exploring how to further reduce its carbon footprint going forward.
“We are proud to be one of the first investment managers to achieve a Climate Neutral Operations certification by South Pole,” said Gerard O’Reilly, Co-CEO and Chief Investment Officer of Dimensional Fund Advisors. “This builds on our decades-long commitment to sustainability. For example, our building in Charlotte, North Carolina, is LEED Gold-certified, and we have long embraced recycling and energy efficiency in our offices around the world. We have also managed robust sustainability investment solutions for almost 15 years.”
Science shows that greenhouse gas emissions are the leading cause of anthropogenic climate change and that reducing and removing greenhouse gas emissions help mitigate the adverse impacts of climate change. This science is central to Dimensional’s sustainability efforts in its operations, but also the firm’s sustainability investment strategies.
“We believe it is important to stay at the forefront of environmental science, from collaborating with leading climate scientists to monitoring the latest in research and ESG data,” O’Reilly said.
The firm offset its own 2020 operational emissions by purchasing carbon credits through South Pole, which supports projects that reduce or remove greenhouse gas emissions, including:
- • Kariba forest protection in Zimbabwe
- • Myamyn Lowland forest conservation in Australia
- • Amazon tropical forest conservation in Brazil
- • Garcia River Forest protection efforts in the US
“Dimensional’s offsets are an example of tangible climate action today related to their operational emissions, which drives positive environmental change by removing carbon emissions from the atmosphere,” said Rebecca Self, Director of Sustainable Finance at South Pole.
“Systematically measuring our firm’s operational carbon footprint and purchasing carbon offsets that support accredited environmental projects is the right way for us to build a measurable and implementable plan,” said Dave Butler, Co-CEO of Dimensional.
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Scope 1, 2, and 3 emissions are defined by the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard. The South Pole Climate Neutral Operations certification fully accounts for Scope 1, 2, and 3 emissions, other than Scope 3, Category 15: Investments, which are emissions from holdings in investments solutions managed by the firm.
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