Our Progress Toward a Sustainable Future
FiscalNote's Sustainability & Social Impact Efforts 2022
A Message From Our CEO
A Message from FiscalNote’s Chairman, CEO & Co-Founder, Tim Hwang:
At FiscalNote, our mission is to bring clarity and transparency to an uncertain and complex world. In an information ecosystem that presents challenges which are often confusing and contradictory, we aim to help our customers cut through the noise, discern what is important, and provide them with a portfolio of solutions to take action and gain results.
As we expand our offerings and equip our customers with AI-enabled workflow tools to manage their regulatory, geopolitical, and operational risk around the world, we continue to focus on empowering our customers to address and tackle their ESG priorities. Sustainability is of ever-growing interest to various stakeholders, and this overview demonstrates our ongoing progress in that area.
Moving forward into our second decade, we recognize the strength that lies in embracing different perspectives and cultivating a diverse workforce that reflects — and practices — our core values.
Throughout this 2022 Sustainability Overview, we are pleased to demonstrate our commitment to creating lasting, positive change while also driving efficiency, value for our customers and shareholders, and innovation in our services.
For more background about FiscalNote's sustainability journey and the motivation behind our efforts, please read this Medium post by our Co-founder and Global Head of ESG, Gerald Yao.
Table of Contents
Methodology by Scope Category
Year Over Year Changes and Improvements
Corporate Social Responsibility
Diversity, Equity, Inclusion, Belonging, and Accessibility
Learning and Leading
Calendar of 2022 Social Events and Activities
Mechanisms for advice and concerns about ethics
Security & Data Privacy
Anti-Corruption, Anti-Bribery and Global Trade Compliance
Since our founding in 2013, FiscalNote has been on a mission to empower the world’s leading organizations with critical insights and the tools to turn them into action. As we grow and continue to demonstrate that commitment through our marketplace leadership, we embrace environmental sustainability, social responsibility, corporate governance, and ethical conduct throughout our operations — both in service to our global customers and throughout our company culture. The key pillars of our sustainability initiatives are summarized below.
At FiscalNote, we understand that protecting and preserving the environment is not only a responsibility, but also a strategic value for our business in the long term. We believe that sustainable environmental practices are fundamental to creating a resilient and thriving future for our business, our stakeholders, and the clients we serve. As a company, we take pride in providing our clients with cutting-edge solutions that empower them to proactively navigate the intricate landscape of environmental issues, risks, policies, and legislation. We recognize that environmental challenges impact us all on a global scale.
Equally important is our own environmental footprint. We understand the significance of internalizing the principles we advocate. By closely examining and comprehending our own environmental impact, we strive to lead by example and improve upon our practices over time. In this section, we aim to provide a comprehensive overview of our environmental performance, as assessment is the first phase of change. We will delve into our efforts to manage our energy consumption, assess potential methods to reduce greenhouse gas (GHG) emissions, conserve natural resources, promote biodiversity, and address other critical environmental issues.
By transparently sharing our environmental journey, we aim to foster a stronger connection with our stakeholders, including our investors, employees, clients, partners, and the communities in which we operate. We invite you to explore the initiatives and achievements outlined in this section.
In our 2021 report, we mentioned that FiscalNote had acquired a total of ten different companies during the year. In 2022, we continued to integrate these acquisitions into our day-to-day operations and analyze the environmental footprint associated with our growing company. We also made two acquisitions in 2022.
FiscalNote was able to utilize the Equilibrium platform to quantify our own Scope 1, 2, and 3 GHG emissions following guidance from the Greenhouse Gas Protocol. The operational control boundary approach and IPCC AR5 global warming potentials (GWP) were used in the calculations and the emissions reported cover calendar year 2022 activities.
Our 2022 reported Scope 1 and 2 emissions include all FiscalNote offices for the time periods that they were occupied. In some categories, our reported Scope 3 emissions include emissions from the 2022 acquisitions, but in most cases, our reported Scope 3 emissions include business activities of FiscalNote and pre-2022 acquisitions only.
Our total consumption of electricity, water, and natural gas for 2022 is listed below. It is vital to quantify our current and historical usage to aid in monitoring our consumption year over year and to aid in crafting any future reduction goals.
FiscalNote’s 2022 emissions by category can be found in the table below. Calculation methodologies by scope category are listed after the table.
Methodology by Scope Category
Scope 1: Fuel emissions at FiscalNote’s leased buildings have been accounted for under Scope 2 as purchased energy, per the GHG Protocol Scope 2 Guidance that tenants of leased buildings should report consumption of heat generated on-site as Scope 2. Other Scope 1 activities, such as mobile combustion and process emissions, are also not applicable to FiscalNote operations. Therefore, Scope 1 emissions are reported as 0.
Scope 2, Location-Based: Location-based Scope 2 emissions were calculated by multiplying the amount of energy consumed at FiscalNote’s operations by the appropriate grid-average emission factor, based on the location of each operation.
Scope 2, Market-Based: Market-based Scope 2 emissions were calculated by multiplying the amount of energy consumed at FiscalNote’s operations by the appropriate supplier/utility, residual mix, or grid-average emission factor, depending on the information available.
Scope 3-1, Purchased Goods and Services (Data Centers): Emissions from data centers were calculated using the supplier-specific method and hybrid method. Data to calculate FiscalNote-specific data center emissions was either provided directly from the supplier or estimated based on FiscalNote’s presence in the data center.
Scope 3-1, Purchased Goods and Services (Other suppliers): Emissions from purchased goods and services for all other suppliers (excluding for data centers) were calculated using the spend-based method, which incorporated the amount of money spent with each supplier and spend-based industry-average emission factors. As FiscalNote has been downsizing our use of external service providers in favor of utilizing internal resources, we have been able to cause a significant reduction in Scope 3-1 emissions.
Scope 3-2, Capital Goods: Emissions from capital goods are calculated using the spend-based method, which incorporates the amount of money spent with each supplier and spend-based industry-average emission factors. As FiscalNote did not purchase Capital Goods in 2022, we do not have any related emissions.
Scope 3-3, Fuel-and-energy-related activities not included in Scopes 1 or 2: Emissions from fuel-and-energy-related activities were calculated using the average-data method. For this category, FiscalNote included emissions from upstream fuel, upstream electricity, and transmission and distribution (T&D) losses based on energy consumption at all operations using energy-specific and/or country-specific emission factors.
Scope 3-4, Upstream Transportation and Distribution: Emissions from upstream transportation and distribution were calculated using the distance-based method, which incorporated the weight and distance of each shipment to calculate emissions.
Scope 3-5, Waste Generated in Operations: Emissions from waste are relevant but were not included in this assessment. Since the majority of FiscalNote employees worked from home in 2022, the anticipated impact from this category is negligible. We will continue to reevaluate including waste generated in operations in our emissions when more employees begin working in our offices.
Scope 3-6, Business Travel: Emissions from business travel were calculated using the distance-based method, as well as the fuel-based method for a very small number of business travel activities. Emissions from this category include travel (e.g., air travel, taxi travel, etc.) as well as hotel stays.
Scope 3-7, Employee Commuting: In 2022, we were able to account for employee commuting and our work-from-home employees. As our 2021 report only accounted for work-from-home employees, the emissions in this category have grown. Accounting for both types of employees will help us gain a broader understanding of our Scope 3-7 emissions and inform future goals around this category. Emissions from employees working from home were estimated using guidance from EcoAct’s Homeworking Emissions Whitepaper. Energy amounts were then converted to emissions using country-specific emission factors based on where our employees are located.
Scope 3-8, Upstream Leased Assets: Emissions from upstream leased assets are not relevant because all emissions from leased assets are included in FiscalNote’s Scope 2 emissions.
Scope 3-9, Downstream Transportation and Distribution: Emissions from downstream transportation are relevant but included in Scope 3-4, Upstream Transportation and Distribution. Although these shipments occur downstream, the GHG Protocol advises that if the company pays for transportation of sold products, then emissions from the transportation of sold products are accounted for under Scope 3-4, Upstream Transportation and Distribution.
Scope 3-10, Processing of Sold Products: Emissions of processing of sold products are not relevant to FiscalNote’s business operations or sold products.
Scope 3-11, Use of Sold Products: Emissions from the use of sold products incorporate the number of user hours and the average energy required for the use of a computer to access FiscalNote software. Emissions were calculated using an average global energy emission factor to account for our global users. FiscalNote also hosted a small number of paid in-person events, which we consider to be a sold product. However, these emissions were not included in this assessment because it was determined that these events would not be material in 2022 given the number of events held and their small footprint. We will continue to reevaluate including events in our emissions if more in-person events are held in the future.
Scope 3-12, End-of-Life Treatment of Sold Products: Emissions from the end-of-life treatment of sold products include the waste disposal of print materials distributed to customers. The waste-type-specific method was used to calculate emissions. The total weight of print material sold in 2022 was estimated to be both landfilled and recycled, based on average landfill and recycling rates in the area where the print materials are consumed.
Scope 3-13, Downstream Leased Assets: This category is not relevant to FiscalNote’s business operations.
Scope 3-14, Franchises: This category is not relevant to FiscalNote’s business operations.
Scope 3-15, Investments: This category is not relevant to FiscalNote’s business operations.
Scope 3, Total: These emissions represent the total of all Scope 3 emissions.
Total Emissions (location-based): We chose to show FiscalNote’s location-based emissions, as they provide an accurate representation of the environmental impact associated with electricity consumption at a particular FiscalNote office. FiscalNote has offices across the globe, and by using this approach, we’re aligning emissions calculations with the actual emissions intensities of local electricity grids. This reflects the reality of our operations more closely than market-based emissions calculations and provides the ability for a more direct assessment of the impact on the local environment.
Year Over Year Changes and Improvements
In our 2021 report, we were not able to account for emissions for all acquisitions made in 2021. In 2022, we diligently worked to include emissions data from these acquisitions and have been able to more completely quantify our environmental footprint. This includes gathering data for our various offices and assets around the world. A breakdown of our emissions by these various locations can be seen in the pie chart below.
Though we are now accounting for more emissions in more categories, our carbon footprint in 2022 has shrunk significantly compared to 2021. Our 2021 emissions (market-based) totaled 4,740.05 metric tons of CO2e, while our 2022 (market-based) emissions came to 1,750.71 metric tons of CO2e, a -63.07% decrease. The most significant change is due to our Scope 3-1, Purchased Goods and Services (Other Suppliers) emissions. As FiscalNote has been streamlining our use of external service providers in favor of utilizing internal resources, we have been able to significantly reduce our Scope 3-1 emissions.
Our global team members developed, launched, and supported a wide range of initiatives and events reflective and inclusive of its strategic pillars related to its Corporate Social Responsibility (CSR) and Diversity, Equity, Inclusion, Belonging, and Accessibility (DEIBA) programs.
Corporate Social Responsibility
Our CSR pillars include: educating our communities, facilitating technology engagement, and fostering access to information.
FiscalNote’s Charitable Giving Committee (CGC), established in early 2022, is dedicated to creating and deploying the kinds of tech- and data-focused initiatives, support mechanisms, and education-and-training opportunities aimed at empowering our organization’s customers, communities, and other stakeholders to learn, to thrive, and to find the truth.
Our CSR function and its philanthropic committee dually operate FiscalNote’s employee volunteer match program, developed and piloted in Q2 of 2022. We distributed more than $2,000 to charitable organizations selected by global team members who performed quarterly volunteer hours.
CSR operates independently of — but works in tandem with — the company’s DEIBA Committee in managing responsibilities related to the development and implementation of charitable giving strategies, processes, and initiatives.
FiscalNote also has established a Business Ethics Committee that, among other matters, periodically reviews and makes recommendations to the senior leadership team regarding proposals to provide services to select organizations on a pro bono basis. Such organizations must be non-partisan and qualify under other criteria set forth in the Committee’s charter. The Committee also serves as a mechanism for team members to “raise a hand” if they have ethical or philosophical concerns about the conduct of an organization with which the company maintains an engagement.
Diversity, Equity, Inclusion, Belonging, and Accessibility
At FiscalNote, we recognize that fostering a diverse, equitable, and inclusive environment where our employees can find Belonging and Accessibility is not only the right thing to do, but it is also crucial for our long-term success and the betterment of society. In this section, we highlight our ongoing efforts to expand our DEIBA programs and events, aimed at cultivating a workplace that celebrates and values individual differences. Our aim is to create an environment where every employee feels empowered to bring their authentic selves to work.
We understand that building a diverse workforce starts with effective recruitment and retention practices. We have intensified our efforts to attract talent from diverse backgrounds by expanding our recruitment channels and implementing inclusive hiring practices. Additionally, we are committed to providing a supportive and inclusive workplace environment that nurtures talent and promotes career growth for all employees.
We have expanded our DEIBA events and awareness campaigns to foster dialogue, educate our workforce, and raise awareness about social issues. By engaging our employees and stakeholders in meaningful conversations, we aim to drive greater understanding and create positive change within and beyond our organization.
The company’s DEIBA pillars include: operationalizing equity, creating community, and learning and leadership. Highlights of our annual progress included our DEIBA group’s transition from a temporary “task force” to a foundational, stalwart committee representative of our global workforce, the launching of our first ERG (employee resource group), and more than 2,000 total attendees at our 2022 CSR and DEIBA events.
Each strategy’s initiatives are executed in service of our overarching DEIBA mission:
FiscalNote unlocks the potential of policy data to solve the world’s biggest business and social problems.
Our commitment to diversity, equity, inclusion, belonging, and accessibility similarly unlocks the potential of team members to create an atmosphere where they are invited to bring their “whole self” to work, feel empowered and valued, find meaning in their work, and flourish professionally.
The existing DEIBA Task Force officially added “A” in DEIBA for “Accessibility,” foreshadowing future workstreams focused upon better supporting team members and candidates with accessibility needs, including those with disabilities or neurodivergence.
The latest iteration of our existing DEIBA Committee – launched in September 2022 – followed an application process that required applying parties to identify their intended areas of interest, focus, and passion with relation to DEIBA topics. These committee members have self-identified as organizational champions and catalysts.
Following a month-long application process featuring cross-company stakeholders and input, the 2022-2023 DEIBA Committee was appointed. The newly minted, globally diverse committee met in October, November, and December to connect and jumpstart the 2023 planning process. After nearly three years of hosting internal DEIBA initiatives, these initial sessions marked the Task Force’s official transition to an institutional, high-functioning Committee that regularly supports our global organization.
In collaboration with the People Team’s recruiting function, we participated in a Mathison Equity Index Assessment and created organizational goals based on the results — two of which included defining “the specific underrepresented communities you hope to hire and advance” and drafting a hiring “Inclusivity Statement” for prospective candidates.
Representation within our organization means identifying hiring and advancement opportunities for historically underrepresented groups, seen and unseen, including but not limited to:
- African American & Black Communities
- Asian, Native Hawaiian, and Pacific Islander Communities
- Experienced Employees
- Hispanic and Latinx Communities
- Indigenous and First Nation Communities
- LGBTQIA+ Community
- People with Disabilities
- Working Parents & Caregivers
Creating community is about how we invite and welcome team members to the FiscalNote Family, whether they are new hires or team members from acquired companies. This includes a facilitated exploration of values in practice, internal communications, personal stories, celebrating positive behaviors, providing safe spaces for honest dialogue, convening to discuss social issues, peer support, mentoring, and other forums to explore commonalities and unique characteristics. FiscalNote is committed to creating community – inside and out.
The FiscalNote employee journey starts in the job application process. Research shows that women and people of color (POC) will only apply to a job when they meet 100% of the qualifications listed in the posting, believing that they will not be considered without meeting all expectations. This phenomenon is commonly referred to as the Confidence Gap. To combat the Confidence Gap in a way that will be meaningful to candidates, we have customized our inclusivity language to address their initial concern: evaluation of their application. Every job posting contains a statement that ensures candidates that we at FiscalNote take our commitment to DEIBA seriously by highlighting that their application will be reviewed by an actual human being, not an algorithm, and weighed against competencies required to perform in the role, not specific experiences.
Sometimes creating community is rooted in clarifying the guardrails and standards for day-to-day operations and team member interactions. All FiscalNote team members participated in required compliance training in 2022, with assigned training in ethical workplace behaviors, data privacy, cyber security, and harassment and discrimination prevention, and new hires are assigned these trainings upon onboarding.
Externally, our social responsibility events are making a positive impact in our local communities. More of these specific events can be seen in the ‘Calendar of 2022 Social Events and Activities’ section. FiscalNote also partners with organizations such as Girls on the Run, Latinas in Tech, and Women Who Code, hosting organizational meetings at our D.C. headquarters.
Throughout 2022, more than 150 global team members opted to participate in our virtual, quarterly book club, which featured the upvoting, reading, and discussion of titles reflective of DEIBA topics.
Learning and Leading
Learning and leading is about how we enroll others in constructive dialogue, self-reflection, and a call to action and allyship. This might include programs, experiences, and discussions for learning with an emphasis on leadership and personal accountability for behavior and reducing bias. FiscalNote considers leadership and team member development a key component of social responsibility.
The company’s SVP of People & DEIBA supported two of Board.org’s DEI Boards by moderating external webinars — one of which included “Developing a Crisis Management Plan.” The additional session topic highlighted the benefits of “Collecting Data to Advance Your Strategies.” DEI Board is the confidential, peer-to-peer membership community where heads of diversity, equity, and inclusion at the world’s biggest companies receive unbiased peer insights to help them make informed strategic decisions.
Calendar of 2022 Social Events and Activities
In line with our CSR and DEIBA pillars, we held numerous events throughout the year to encourage employee involvement and education on a variety of social issues.
FiscalNote has adopted a robust set of corporate governance, legal, and ethical compliance programs, both at the Board of Directors level and throughout the organization. In keeping with our company’s values, we strive at all times to govern and operate the business in the right way and hold ourselves accountable to the highest ethical standards. For more information about management and our corporate governance generally, please refer to the “Governance” section of our website here.
FiscalNote’s core values are bolstered by our commitment to ethical business practices, outlined in our Code of Ethical Business Conduct, a copy of which is available here. The Code is applicable to all of our interactions with employees, customers, business partners, and shareholders.
FiscalNote is committed to the following ethical principles in all its activities:
- Honesty: We will be truthful in all of our endeavors with one another and with our customers, communities, suppliers, and shareholders.
- Integrity: We will say what we mean, deliver what we promise, and stand for what is right.
- Respect: We will treat one another with dignity and fairness, appreciating the diversity of our workforce and the uniqueness of each team member.
- Trust: We will build confidence through teamwork and open communication.
- Responsibility: We will encourage our team members to speak up – without fear of retribution – and report concerns in the workplace, including violations of laws, regulations, and company policies, and to seek clarification and guidance whenever there is doubt.
- Citizenship: We will obey all applicable laws and regulations of all countries and jurisdictions in which we are present and/or do business.
FiscalNote is committed to the ethical treatment of those with whom we do business:
- For our team members: Honesty, just management, fairness, and providing an inclusive and equitable environment supportive of our diverse team, free from discrimination, harassment, and fear of retribution.
- For our customers: Delivering reliable solutions and services on time, at a fair price.
- For our shareholders: Pursuing sound growth and earnings objectives, exercising prudence in the use of assets and resources, and providing accurate and complete disclosure regarding FiscalNote’s operations and financial condition as required by law.
- For our vendors and other partners: Fair competition and the sense of responsibility required of a good customer and teammate.
All FiscalNote employees, employees of all FiscalNote affiliates, officers, and directors are required to:
- Comply with the Code and with all laws, rules, and regulations applicable to the conduct of our business and the management of our business relationships;
- Be alert to any possible violation of the above, and report them to us as soon as possible;
- Exercise good faith and honesty in reporting possible violations; and
- Cooperate fully and truthfully with any internal or external investigation of possible violations.
FiscalNote is committed to ethical practices in its business dealings with third parties. We also expect our contractors and other business partners to both follow the ethical principles set forth in the Code, as well as applicable laws, rules, and regulations, and to help hold us accountable by reporting matters of potential concern.
Mechanisms for advice and concerns about ethics
Team members are encouraged to report any potential ethical violations to their supervisors, the Legal Department or anonymously to our interactive, online email or web intake integrity hotline reporting system (“Hotline”), which is available in all countries and available at all hours. Additionally, in 2022, all team members across the globe were required to participate in a code of conduct training online to ensure that all team members know when to utilize the hotline and are aware of potential ethical violations. Team members are assigned this training program upon onboarding and it is refreshed periodically thereafter.
Team members and FiscalNote business partners also may use the Hotline to confidentially seek guidance and advice regarding the Code, or to report certain types of workplace misconduct or compliance concerns without fear of retaliation. The Hotline system is provided and managed by an outside, independent company that has no other relationship to FiscalNote. Team members are always encouraged to seek compliance advice from, or to report misconduct to, their supervisor or other contacts within their department, or the People or Legal Departments. The Hotline is an alternative resource for seeking guidance or reporting perceived violations of the Code of Ethical Business Conduct, workplace misconduct, or other compliance concerns.
In keeping with our value of "Find the Truth," FiscalNote prohibits retaliation against any individual who, in good faith, reports discrimination, harassment, bullying, violence, or a breach of law or of the Code, or any individual who participates in or otherwise supports an investigation of such reports. Team members who may be the subject of reports will be informed of any allegations against them, and of their rights, as required and as soon as practicable. If there is a substantial risk of jeopardizing FiscalNote’s ability to effectively investigate the allegations or gather necessary evidence, measures will be implemented before the information is conveyed.
We recognize that FiscalNote must take action to ensure the objectives of the Code are met. We assure team members that:
- Anyone who communicates ethical concerns or reports suspected violations will be treated with respect;
- We will review and address issues that are raised in any complaint or report;
- Any communication from, and the identity of, a reporting individual will be treated confidentially to the greatest extent possible; and
- FiscalNote will not take action against any reporting individual acting in good faith and will protect that individual from retaliation.
Security & Data Privacy
We take security and data privacy very seriously. When our clients engage us to deliver policy and business intelligence to mitigate risk and capitalize on opportunities, they often entrust us with data that is confidential, including personally identifiable information. Accordingly, we have implemented a comprehensive security program that includes administrative, technical and physical safeguards to ensure that customer data remains secure and is managed in compliance with all regulatory requirements applicable to our business and services in the jurisdictions where we operate. We are US-EU Privacy Shield certified.
We maintain a diverse Board of Directors, consisting of a majority of independent directors, as well as standing Audit, Compensation and Governance Committees consisting solely of independent directors as required under applicable NYSE listing rules. We have established an empowered lead independent director role on the Board to advance our corporate governance practices and promote independent Board oversight. The lead independent director’s responsibilities include:
- working with the chair to establish the agenda for regular Board meetings and serving as chair of Board meetings in the absence of the chair;
- establishing the agenda for and presiding over executive sessions and other meetings of the independent directors;
- coordinating with the committee chairs regarding meeting agendas and informational requirements;
- presiding over any portions of meetings of the Board at which the evaluation or compensation of the Chief Executive Officer is presented or discussed;
- presiding over any portions of meetings of the Board at which the performance of the Board is presented or discussed; and
- coordinating the activities of the other independent directors and performing such other duties as may be established or delegated by the chair.
For more information about our corporate governance, including our Principles of Corporate Governance and the charters of each Board committee, please refer to the “Governance” section of our Investor Relations website here.
Anti-Corruption, Anti-Bribery and Global Trade Compliance
FiscalNote conducts its business in compliance with all applicable international, national, and local anti-corruption or anti-bribery laws and regulations in places where it operates. We have adopted a global Anti-Corruption & Anti-Bribery Policy applicable to all team members. Under our policy, FiscalNote does not tolerate bribery in its dealings involving public officials or private commercial transactions, or illegal business practices of any kind. FiscalNoters are expected to always act with integrity and ethics, in a manner that creates value for our customers and partners and helps build relationships based on trust.
We also operate our business in compliance with applicable global trade regulations, including sanctions and export laws, in the jurisdictions where we operate. We have adopted a global Export & Trade Compliance Policy applicable to all team members.
We require our team members to periodically participate in online training programs on anti-corruption, anti-bribery and global trade matters to ensure they are cognizant of our obligations under these laws and regulations.
Though many of our employees work in a remote or hybrid framework, our headquarters office located in Washington, D.C. embodies our core values and supports all operations company-wide. Built out in two stages from 2018 to 2019, the office shows our commitment to environmental sustainability and social initiatives, reflected in aspects of its design and operations.
When choosing the location for our headquarters, we performed an address analysis to find an accessible location close to Metro Center, ensuring ease of commuting for our employees and promoting the use of public transportation. Walkability and accessibility were key features FiscalNote considered when selecting an office location. The office is located at 1201 Pennsylvania Avenue NW, halfway between the White House and the U.S. Capitol Building. The 1201 Pennsylvania Avenue building has achieved Fitwel Certification, indicating that it has been found to support the well-being and health of its occupants.
The design prioritizes energy efficiency to minimize our environmental footprint. Throughout the entire office, occupancy sensors are installed to reduce unnecessary energy consumption. The interior design of our office showcases our dedication to sustainability and serves as a metaphor for our work. We have incorporated reclaimed wood on steel throughout the space, representing our commitment to transforming raw materials into accessible data, reflecting on prior years where information was largely distributed in paper format through current times where FiscalNote leverages its technology platform to distribute actionable data.
Designed with an open office plan, the office supports employees through a variety of working arrangements. Unlike many companies, there are no personal offices in FiscalNote headquarters, including for CEO Tim Hwang. While this helps to flatten our organization, it also allows us to include several design elements into the space to accommodate the needs of our employees. The office is outfitted with a spectrum of working spaces, from communal gathering spaces to private work rooms and many in between. To save the best views for employees working around the office, most conference rooms are placed internal to the overall office. Considered the best corner of the office, the southwest corners of the two floors of the office are reserved for a cafe space for events on one floor and mixed breakout spaces on the other floor. These design features have allowed us to create an equitable space where everybody can talk to anybody.
Additionally, we have taken extra steps to maximize the comfort of the office. We have standing desks for employees that choose to use them and sound dampeners in otherwise noisy areas. The entire office is wheelchair ADA accessible. We have also included three wellness rooms for numerous uses.
FiscalNote remains steadfast in our commitment to driving positive change, guided by the principles of responsible business practices and sustainable development.
We will continue to foster a culture of innovation, harnessing the power of technology, research, and creativity.
Our commitment to excellence is an ongoing journey, and we embrace the opportunities and challenges that lie ahead. Our 2023 goals for environmental sustainability, social initiatives, and governance are listed below.
We extend our sincere gratitude to our stakeholders for their support, collaboration, and inspiration throughout our sustainability endeavors. Together, we can shape a future where responsible business practices and sustainable development are the norm, leaving a positive legacy for generations to come.