Environmental
Though the direct environmental impact of our commercial real estate may be limited, we continually seek opportunities to minimize our environmental footprint. To demonstrate our commitment, we maintained an Environmental Policy that governs sustainable and environmentally conscious practices.
Environmental PolicyRadian Environmental Footprint
Radian is committed to operating our business responsibly and understands that this will help Radian create long-term and sustainable value for our company and stakeholders by reducing costs, increasing revenue, mitigating risks, enhancing our reputation, strengthening our communities, and helping us meet the expectations of our stockholders, customers, employees, communities, and future generations. To demonstrate our commitment, we adopted an Environmental Policy that governs sustainable and environmentally conscious practices and also issued a Task Force on Climate-Related Financial Disclosures (TCFD) report.
Greenhouse Gas Emissions
Our commitment to environmental responsibility reflects our broader mission of creating long-term value for our employees, communities, and other stakeholders. We prepared our GHG inventory in alignment with the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard (GHG Protocol). For GHG emissions reporting, Radian delineates its organizational boundary using the operational criterion under management control. Operational control reflects the activities where Radian has the full authority to introduce and implement operating policies.
While we do not have a large carbon footprint, our dedication to transparency is paramount. The increase in Scope 1 GHG emissions for Radian from 2023 to 2024 is due to several factors. First, the number of locations included in our footprint increased from nine to ten. We also expanded our occupied space in one location, which likely led to greater energy consumption and emissions.
1The rise in Scope 1 emissions in 2024 is linked to the use of natural gas heating at two properties, whereas in 2023 no such use was identified; fugitive emissions stayed at zero because no refrigerant service on the HVAC system occurred at the Dayton office.
See our previous 2023 Corporate Responsibility Report