Matterport's Latest ESG Report Sets New Targets for Reducing Carbon Emissions and Moving to Renewable Packaging

Core Viewpoint - Matterport, Inc. has released its third Environmental, Social, and Governance (ESG) Report, setting ambitious targets for reducing emissions and promoting gender equality in the workplace [1][2]. Group 1: ESG Commitments - The new ESG report outlines Matterport's commitment to achieving net-zero emissions by 2050 [2]. - The company aims to transition to recyclable or renewable packaging for all Pro3 cameras by 2025 [2]. - Matterport plans to reduce Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 20% by 2030 [2]. - The company is committed to achieving gender parity among all full-time employees by 2030 [2]. Group 2: Impact of Digital Twins - Matterport's digital twin technology has helped over one million subscribers reduce their carbon emissions by minimizing travel to more than 12 million digitized spaces across 178 countries [2]. - Each Matterport digital twin creator avoids an estimated average of 0.55 tonnes of CO2 equivalent (tCO2e) emissions per year [3]. - On a life-cycle basis, each digital twin can prevent approximately 0.15 tCO2e emissions, which is equivalent to driving a personal car for about 451 miles [3]. Group 3: Carbon Emissions Reporting - Matterport has partnered with a carbon accounting firm to develop avoided emissions reporting for enterprise-level customers, providing insights into carbon savings from using its platform [4]. - These reports quantify emissions avoided by opting for virtual experiences over onsite tasks, considering factors like the number of digital spaces created and geographic location [4]. - The carbon emissions avoidance reports will be more widely available to customers in 2025 as the service scales up [5].