IAC 2022 Greenhouse Gas Report Owner’s Manual
- June 12, 2024
- IAC
Table of Contents
- IAC 2022 Greenhouse Gas Report
- What are the boundaries for our Greenhouse Gas (GHG) emissions
- What is our quantification methodology?
- How often do we expect to report and adjust reporting methodology?
- What is our audit and verification process?
- Transparency
- References
- Read User Manual Online (PDF format)
- Download This Manual (PDF format)
2022
GREENHOUSE GAS REPORT
IAC 2022 Greenhouse Gas Report
IAC (NASDAQ: IAC) builds companies. We are guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands. From the single seed that started as IAC over two decades ago have emerged 11 public companies and generations of exceptional leaders. We will always evolve, but our basic principles of financially disciplined opportunism will never change. IAC is today comprised of category leading businesses including Angi Inc. (NASDAQ: ANGI), Dotdash Meredith and Care.com among many others ranging from early stage to established businesses. IAC is headquartered in New York City with business locations worldwide.
Scope 1 & 2
Scope 1: Direct
|
Scope 2: Indirect
|
What are the boundaries for our Greenhouse Gas (GHG) emissions
inventory?
Organizational
Reflects IAC Corporate and subsidiaries that have material operations. For the
purposes of this report, IAC defines a material operation as generating
greater than $100 million of revenue per calendar year.
Operational
IAC used the Operational Control Approach. Operational Control means that IAC
has full authority to introduce and implement its policies at the operation.
Scope 1: Direct
| CORE EMISSION | SOURCE | GREENHOUSE GAS |
|---|---|---|
| Mobile Sources – Gasoline, diesel, jet fuel, propane | Leased Vehicles, | |
| Corporate Aircraft | CO2, CH4, N2O | |
| Heat – Natural Gas (Owned facilities) | Boilers, Water Heaters | CO2, CH4, N2O |
| Refrigerant | Leased Vehicles | HFC-134a |
Scope 2: Indirect
| CORE EMISSION | SOURCE | GREENHOUSE GAS |
|---|---|---|
| Electricity | Facility Lighting, HVAC | CO2, CH4, N2O |
| Heat – Natural Gas (Leased facilities) | Boilers, Water Heaters | CO2, CH4, N2O |
Emissions by Greenhouse Gas
| GAS | METRIC TONS | PERCENT |
|---|---|---|
| CO2 | 21,720 | 99 |
| CH4 | 24 | 0 |
| N2O | 90 | 0 |
| HFC-134a | 14 | 0 |
| PFC | N/A | N/A |
| SF6 | N/A | N/A |
What is our quantification methodology?
Emission Factors
Direct emissions (Scope 1) from mobile sources were calculated by applying the
most current EPA emission factors to fuel purchased during the period.
Emissions also include refrigerant leakage from fleet vehicles. Heating
emissions (from owned facilities) were calculated by applying the most
current EPA emission factors to natural gas consumed during the period.
Indirect emissions (Scope 2) from purchased electricity were calculated by
applying the most current EPA emission factors to electricity consumed during
the period. International locations applied the IEA International Electricity
Factors, or in some cases country-specific emission factors. Heating
emissions (from leased facilities) were calculated by applying the most
current EPA emission factors to natural gas consumed during the period.
Energy Intensity Factors
Energy Intensity Factors are from the most recent Commercial Buildings Energy
Consumption Survey.
Global Warming Potential
100-year global warming potentials are from the most recent IPCC Assessment
Report.
How often do we expect to report and adjust reporting methodology?
GHG Emission Inventory reporting is expected to occur annually, covering the
previous calendar year.
Changes will be made to calculations and emissions factors only if justified
by regulatory changes, scientific and engineering judgment, or if the EPA or
GHG Protocol guidance is updated.
What is our audit and verification process?
Internal Review
We have an Inventory Management Plan, which is used to ensure the Greenhouse
Gas (GHG) Inventory is in compliance with current protocols and guidance.
External Auditing
IAC’s 2022 GHG Inventory was verified by Advanced Waste Management Systems,
Inc. (AWM), to the level of limited assurance. AWM is accredited by the ANSI
National Accreditation Board.
Transparency
This 2022 GHG Report focuses on IAC’s ESG emissions and related operations of
its owned and operated businesses from January 1, 2022 through December 31,
2022 (and excludes the operations and performance of its suppliers or
contractors).
This report uses qualitative descriptions and quantitative metrics to describe
IAC’s GHG emissions and related policies, practices and methodologies.
Qualitative metrics used in this report continue to evolve and are based on
the assumptions of management and/or certain third parties believed to be
reasonable, but they should not be considered guarantees.
The information and opinions contained in this report are provided as of the
date of such report and are subject to change without notice. IAC does not
undertake to update or revise any such statements. In this report, IAC is
using the terms “significant” for purposes of identifying the threshold at
which adjustments and/or corrections to its reported ESG emissions may be
required and “material” for purposes of identifying those of its operations
covered by this report (and in each case, not as defined for the purposes of
financial and SEC reporting in the US).
This report contains certain forward-looking statements relating to IAC’s GHG
emissions reporting that are based on management’s current expectations.
Therefore, the actual conduct of our activities, including the development,
implementation, or continuation of any program, policy, or initiative
discussed or forecasted in this report may differ materially in the future.