California AB 1305 Disclosures
Section 44475.
As of June 30, 2024, DRW Holdings and it affiliates had not executed any sales of voluntary carbon offsets within the state of California.
Section 43475.1
DRW Holdings uses the government regulated compliance carbon market to achieve its net-zero goal. You may learn more about the firm’s partnership with Climate Vault here.
Section 44475.2
DRW Holdings works with Climate Vault to achieve carbon neutrality. DRW employs an accrual and true-up methodology with Climate Vault to estimate and measure DRW’s carbon emissions. Every calendar year, DRW’s operational emissions and emissions related to BTC are assessed. DRW currently measures the emissions outlined in the table below.
The business entities selling the offset and the offset registry or program include California’s Cap-and-Trade Program, administered by the California Air Resources Board (CARB), Regional Greenhouse Gas Initiative (RGGI), administered by RGGI, Inc., and compliance carbon allowance procurement is facilitated by Climate Vault.
Below is a chart outlining the data scope of the current DRW Carbon Collection process:
| Type | Scope | Data Units |
|---|---|---|
| Shipping | 1 | Ton-miles (miles/lbs) |
| Purchased Goods - paper | 3 | Boxes ordered, sheets per team |
| Purchased electricity - data centers | 2 | Avg daily KWh |
| Purchased electricity - office buildings | 2 | Monthly KWh |
| Waste from operations - office buildings | 3 | Recycled vs landfill tons |
| Water from operations - office building | 3 | Gallons |
| Purchased goods - office meals | 3 | Meal count |
| Business travel - hotels | 3 | Nights stayed |
| Business travel - commercial air | 3 | Miles travelled |
| Business travel - private air | 3 | Fuel gallons burned |
| Business travel - trains | 3 | Miles travelled |
| RE Assets | 3 | Elec/water/gas |
| Investments | 3 | BTC only |
For more information on Climate Vault, please visit the Climate Vault website. For more information on the California Cap-and-Trade Program, please visit the California Air Resources Board website. For more information on the Regional Greenhouse Gas Initiative, please visit the RGGI website. For additional information about DRW’s calculation of the above emissions, please contact DRW Compliance.