Where possible, our buildings are powered by on-site renewable energy and direct renewable energy from the utility supplier. Where direct renewable energy from the utility supplier is unavailable, our approach includes purchasing renewable energy certificates.
After operational reduction and real estate investments, we offset our remaining footprint with high-impact carbon offset projects that increase economic development.
In 2022, Vanguard purchased over 110,000 MWh of renewable energy, which resulted in a reduction of more than 34,000 tCO2e. Additionally, we supported three carbon-offset projects in 2022 that offset 24,500 tCO2e.