Okta Reaches 100 Percent Renewable Electricity for Global Offices and Workforce; Pioneers Hybrid Work Emissions Study

SINGAPORE – Media
OutReach – 1 October 2021 – Okta,
Inc. (NASDAQ:OKTA), the leading independent identity provider, today
announced the company has reached 100 percent renewable electricity for its
global offices and employees’ work-from-home consumption in FY22, and launched
the Dynamic Work Greenhouse Gas (GHG) Emissions Study, a study designed
to measure the environmental impact of today’s hybrid workforce. The study
found that in a Dynamic
Work environment, Okta’s hybrid work framework which provides equity
across work environments, per employee emissions are estimated to be 21 percent
lower than they were prior to implementing Dynamic Work.

As Okta expands its global presence and embraces Dynamic Work, quantifying the
company’s new environmental footprint has become a critical piece of Okta’s
Environmental, Social, and Governance (ESG) process. Okta partnered with Global
Sustainability Consultancy Anthesis to
run an analysis comparing its FY20 pre-pandemic, pre-dynamic year of work (Feb
1, 2019 – Jan 31, 2020) with an FY23 projected year with Dynamic Work
in place to understand the impact Okta’s Dynamic Work framework has on its
greenhouse gas emissions inventory. The study found that Dynamic Work can
reduce GHG emissions, due to reduced employee commuting and reduced workplace
square footage per person, even when accounting for incremental increases in
home energy use.

“As a business, the way we evaluate our
environmental footprint has evolved along with the way we work. Just as we need
to be responsible for the environmental impact of the buildings we occupy and
the services we provide, now we need to account for and help our employees to
understand, measure and reduce their environmental impact in this new
distributed, Dynamic Work model,” said Erin Baudo Felter, Vice President,
Social Impact & Sustainability, Okta. “This study is an important first
step in understanding and quantifying our impact with Dynamic Work.”

“Businesses around the globe are setting
targets to reduce their greenhouse gas emissions as part of their climate
change strategies. Anthesis is a critical partner to our clients in their
efforts to not only create sustainable business models but to also measure
impact”, said Emma Armstrong, Executive Director with Anthesis. “As the
workplace evolves to accommodate changing needs accelerated by the pandemic, we
were excited to partner with Okta to understand how a model that supports this
new way of work impacts the environment. The projected reduction in emissions
per person resulting from Okta’s Dynamic Work model is significant, and
provides an example for how other companies might examine their workplace
emissions in the future. We look forward to partnering with Okta to measure the
actual impacts resulting from the full roll out of Dynamic Work, which we
anticipate will further inform emissions measurement and workplace strategies
through the lens of sustainable performance”.

The launch of the Dynamic Work GHG
Emissions Study follows Okta achieving 100 percent renewable electricity this
year for its global offices, including coworking spaces, and global employee
work-from-home electricity consumption. This critical milestone was reached by
purchasing renewable energy certificates (RECs) equivalent to 100 percent of
its global office and work-from-home employees’ electricity consumption, and a
commitment to energy efficiency with both LEED Silver and WELL Silver certified
Okta offices. The majority of the RECs Okta purchased were from the
California Bright Schools solar program, which helps to realize the
most cost-effective energy-saving opportunities, supports renewable energy
education and the installation of solar on schools across the state.

To build on these milestones and to further
maximize benefits to society, the environment, and all of its stakeholders,
Okta has committed to:

• Providing employees with a
  guide for bringing sustainability into their work environments, wherever they
  are based
• Integrating climate into
  enterprise-wide risk management process, as per the Task
  Force on Climate Related Financial Disclosures
• “Listening and learning” tour
  with climate and environmental justice organizations to inform the company’s
  climate strategy
• Incorporating social equity and
  justice into climate work through grantmaking, as seen with investments
  in GRID Alternatives and the CLIMA Fund, as climate change
  disproportionately impacts historically excluded communities, including communities
  of color

To learn more about Okta’s sustainability
strategy, please read the latest update here.
To read more about the methodology behind the Dynamic Work Greenhouse
Gas (GHG) Emissions Study, please visit the Okta blog here.