SimpliSafe

At a Glance

Industry

Internet, Software, Hardware and Technology Services

Project Types

Data Analysis, Sustainability and Energy Management Strategy

Year

2024

Location

Summary

Daniela Duran conducted a comprehensive greenhouse gas (GHG) inventory and completed a high-level climate risk assessment.

Goals

As part of SimpliSafe's ongoing commitment to advancing its ESG strategy, Daniela Duran was hired to drive two critical environmental initiatives. Facing the challenge of accurately measuring and mitigating GHG emissions, Duran was tasked with leveraging a GHG accounting tool to establish best practices for data collection and provide insightful emissions analysis. Additionally, recognizing the importance of climate change resilience, Duran was enlisted to assess the possible climate-related risks to SimpliSafe's operations.

Solutions

Utilizing a carbon accounting platform, Duran conducted a comprehensive GHG inventory for SimpliSafe's 2024 fiscal year. Duran enhanced SimpliSafe's previous inventory design, implementing data management best practices, highlighting platform integration opportunities, and advising process improvements to increase data quality. After analyzing SimpliSafe's emissions, Duran suggested potential pathways for decarbonization based on emission hotspots and provided targeted information for supplier engagement. Following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), Duran conducted a high-level climate risk assessment for SimpliSafe's transitional and physical risks, which included completing facility-specific assessments based on historical climate indicators. Duran also provided guidance on updating due diligence forms to consider climate-risk resilience and recommended developing a disclosure strategy in the future.

Potential Impact

These initiatives will strengthen SimpliSafe's foundational efforts to create and implement a customized sustainability strategy. Consequently, SimpliSafe will be better prepared to enhance supplier engagement, establish ambitious carbon reduction targets, actively monitor and manage its greenhouse gas emissions, and effectively address climate-related risks. By delineating both short-term action steps and long-term value creation and retention opportunities, Duran has ensured the continued success of SimpliSafe's ESG oversight team.

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