Corporate Environmental Policy

Symphony is a global firm with an office-based operation and employees primarily based out of North America, Europe and Asia. The firm has commercial and R&D offices in New York, London, Sophia Antipolis, Tel Aviv, Singapore, and Stockholm, and co-working spaces in Paris, Tokyo and Hong Kong.

In early 2023 the firm introduced in-office sustainable practices in order to reduce its office carbon footprint globally as well as promote sustainable behaviors amongst its employees. The sustainable practices were implemented in five key areas:

1. Cups, crockery, and cutlery: with the goal of eliminating plastic and other non-reusable materials from office cups, crockery, and cutlery. Our offices are now plastic-free.
2. Paper and printing: taking steps to reduce the amount of printing for business non-essential activities.
3. Lighting and power: installing low-energy rated bulbs, timers in all office spaces and signage to encourage care with power usage.
4. Heating and cooling: only in use during working hours.
5. Recycling: scheme for appropriate waste separation and recycling put in place globally.

Symphony’s greenhouse gas emissions (GHG) inventory follows the GHG Protocol Corporate Standard (revised 2004), its accounting and reporting standards, and is meant to accurately reflect GHG emissions for the company’s operations globally, providing a verifiable account on all GHG sources and activities within the chosen boundary. This exercise is done in good faith with the aim of providing a complete and accurate GHG inventory with comparable GHG emissions data over time.

The goals of the inventory are:

1. to document and record GHG emissions with accurate operational data for ongoing measurement and facilitate audits, if required;
2. contribute to reporting exercise and participation in voluntary GHG programs;
3. highlight voluntary action, aligned with highest globally accepted principles; and
4. participate in GHG markets (if desired).

Organizational boundary

Symphony uses an operational control approach – accounting for 100% of the GHG emissions from operations under our control – as its organizational boundary to consolidate GHG emissions.

Operational boundary

Scope 1: Currently, Symphony has no GHG direct emissions from sources that are owned or controlled by the company (scope 1 emissions), that are a result of the generation of electricity, heat or steam, physical or chemical processing, transportation of materials, products, waste and employees or fugitive emissions.

Scope 2: The company accounts for indirect GHG emissions through the purchase of energy (scope 2) – that includes electricity, steam, heat and cooling – for its business offices and operations in New York, London, Sophia Antipolis, Tel Aviv, Singapore, and Stockholm.

[Overall, the company is committed to energy conservation. In January 2023 Symphony implemented in-office sustainable practices that aim to promote responsible behaviors towards energy and water conservation as well as the reduction of waste through recycling, waste segregation and correct onward disposal.]

Scope 3: Symphony has not started to account for scope 3 emissions – indirect GHG emissions that are a consequence of the activities of the company – but plans to do so in the next 2 years. This exercise will require active cooperation and commitment from Symphony’s broader supply chain and be subject to third party data availability.

If, or when, organizational boundaries change due significant structural changes, (i.e. acquisition, merger) the above established boundaries will be revised and updated accordingly, as well as historic emission data recalculated.

Reporting period and base year (performance datum)

2023 is Symphony’s baseline from which performance will be tracked over time.