Matterport's Annual ESG Report Highlights the Importance of its Digital Twin Technology in Reducing Carbon Footprint
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Matterport's Annual ESG Report Highlights the Importance of its Digital Twin Technology in Reducing Carbon Footprint

SUNNYVALE, Calif., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), today released the company’s second Environmental, Social, and Governance (ESG) report assessing the impact of Matterport’s products and programs toward driving sustainable and equitable outcomes. The report, based on 2022 data, builds on the company’s inaugural report last year as the company further establishes company-wide ESG goals and commitments.

In its second year of reporting the impact of Matterport’s digital twins on reducing carbon footprint, the findings continue to demonstrate Matterport’s technology is a highly effective alternative to completing tasks that historically required travel. The ability to interact and work within spaces such as construction sites, manufacturing facilities, or simply tour a home without having to physically travel to the location has enabled people globally to work smarter and more sustainably, reducing the need for business travel and easing the strain on the environment. This has helped Matterport’s customers avoid an estimated 756,952 tonnes of carbon emissions since the company began tracking the measure in 2021.

“We have made excellent progress on our agenda to deliver measurable sustainability benefits to our customers while improving our own operating efficiency through strong governance and execution ,” said RJ Pittman, Chairman and CEO, Matterport. “Matterport’s Digital Twin Platform has become a critical lever for our customers and their properties to operate more sustainably and efficiently from anywhere in the world, and our next generation of intelligent digital twins will further amplify the sustainable impact of our platform.”

The company has continued to embrace its remote first workplace model to create a flexible work environment while reducing its physical footprint and increasing productivity. This has led to steady reductions in direct emissions, and a shift in the company’s supply chain management, including improving the recyclability and reusability of its cameras components. The company’s total greenhouse gas emissions increased 37% to 11,669 tonnes as a result of increased Scope 3 emissions, which are primarily accounted for on a spend-basis, with increases to outside services like advertising and consulting contributing to the overall increase.

Matterport reported several updates to its Social track across Diversity, Equity and Inclusion (DEI), Employee Engagement, and Health, Benefits and Wellness, with highlights including results from the company’s first survey tracking employee sentiment of inclusion and belonging, as well as the first companywide week dedicated to community service, Matterport Cares.

Additional highlights from the report included:

To read Matterport’s full ESG report, visit: https://matterport.com/esg

About Matterport
Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking digital twin platform turns buildings into data to make every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at matterport.com and browse a gallery of digital twins.                                        

©2023 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners.                

Media Contact:                                
press@matterport.com
                                                
Investor Contact:
ir@matterport.com                                


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