Airbnb : California AB 1305 Statement

Published: 2024-12-18 12:18:11 ET ABNB

Airbnb's California AB 1305 Disclosure

Published December 2024

Introduction

Airbnb began purchasing carbon credits in 2021, and we plan to gradually increase our purchases as we approach our 2030 net zero goal (as described in greater detail on page 6 of this AB 1305 disclosure) to address any in-scope emissions we do not eliminate by that time. We use the term "carbon credits," also commonly referred to as "carbon o sets," to mean credits of avoided or sequestered (removed) greenhouse gases denominated in metric tons of carbon dioxide equivalent. We believe that carbon credits, especially nature-based solutions, are valuable tools that can allocate critical investment in the ght against climate change while also helping achieve climate goals by o setting residual emissions companies are not able to reduce. While we purchase carbon credits, we do not currently apply these carbon credits to the emissions gures we disclose.

The below information provides more detail on the credits used (i.e., retired) in

scal year 2023.

§ 44475.1: Disclosure Information Related to Carbon Credits

Name of O set

Name of Entity

Estimation

Third-Party

Project ID Number

Project Name

Project Type

Site Location

Protocol /

Registry/Standard

Selling O set

Veri cation

44475.1(b)

44475.1(c)

44475.1(d)

Methodology

44475.1(a)

44475.1(f)

44475.1(e)

American Carbon

National Indian

ACR #634

ILTF/NICC & SIG

Avoidance

Northern

ACR Improved

Ruby Canyon

Registry (ACR)

Carbon Coalition

Fond du Lac

Minnesota

Forest

Environmental,

2020, v7.0

(NICC)

Band Forest

Management

Inc.

Carbon Project

Methodology

Version 1.3 (April

2018)

Name of O set

Name of Entity

Estimation

Third-Party

Project ID Number

Project Name

Project Type

Site Location

Protocol /

Registry/Standard

Selling O set

Veri cation

44475.1(b)

44475.1(c)

44475.1(d)

Methodology

44475.1(a)

44475.1(f)

44475.1(e)

American Carbon

National Indian

ACR #637

ILTF/NICC & SIG

Avoidance

Keweenaw Bay,

ACR Improved

Ruby Canyon

Registry (ACR)

Carbon Coalition

Keweenaw Bay

Michigan

Forest

Environmental,

2020, v7.0

(NICC)

Indian Community

Management

Inc.

Forest Carbon

Methodology

Project

Version 1.3 (April

2018)

Veri ed Carbon

Pollination & Indus

VCS #2250

Delta Blue Carbon

Removal

Sindh Indus Delta

VM0033

AENOR

Standard (VCS

Delta Capital

- 1

Region, Pakistan

Methodology for

INTERNATIONAL

v4.3) / Climate,

Tidal Wetland and

S.A.U (AENOR)

Community, and

Seagrass

Biodiversity

Restoration v2.0.

Standard (CCB 3rd

Edition)

American Carbon

Tradewater

ACR #844

Tradewater

Avoidance

Bangpoo

Methodology for

GHD Limited

Registry (ACR)

Thailand 3

Industrial Estate,

the

2020, v7.0

Sukhumvit Rd

Quanti cation,

Bangpoo Mai,

Monitoring,

Muang

Reporting and

Samutprakarn,

Veri cation of

Samutprakarn,

Greenhouse Gas

10280 Thailand

Emissions

Reductions and

Removals from

the Destruction of

Ozone Depleting

Substances from

Name of O set

Name of Entity

Estimation

Third-Party

Project ID Number

Project Name

Project Type

Site Location

Protocol /

Registry/Standard

Selling O set

Veri cation

44475.1(b)

44475.1(c)

44475.1(d)

Methodology

44475.1(a)

44475.1(f)

44475.1(e)

International

Sources, version

1.0

Veri ed Carbon

Pachama

VCS# 2558

ABC Norte REDD

Avoidance

"Fazenda Pacajá",

VCS methodology

RINA Services

Registry v4.1 (VCS)

(intermediary/

located between

VM0015:

S.p.A.

broker)

the municipalities

Methodology for

ABC

of Portel and

Avoided

Bagre, State of

Unplanned

Agropecuária

Pará, Brazil

Deforestation,

Brasil Norte SA

version 1.1 a

Produção e

Exportação

Name of O set

Name of Entity

Estimation

Third-Party

Project ID Number

Project Name

Project Type

Site Location

Protocol /

Registry/Standard

Selling O set

Veri cation

44475.1(b)

44475.1(c)

44475.1(d)

Methodology

44475.1(a)

44475.1(f)

44475.1(e)

Veri ed Carbon

Pachama,

VCS# 1571

Manoa REDD+

Avoidance

Manoa Farm, City

VCS methodology

Earthood Services

Registry (VCS) /

Greenenergy

project

of Cujubim,

VM0015:

Private Limited

Climate,

GPO, and Clearsky

Rondônia, Brazil

Methodology for

Community, and

LTD

Avoided

Biodiversity

(intermediaries/

Unplanned

Standard (CCB)

brokers)

Deforestation,

Biofílica

version 1.1

Investimentos

Ambientais

(Project Main

Proponent)

Manoa

Sustentável

Exploracão e

Servicios

Florestais LTDA

(Project Main

Proponent)

Veri ed Carbon

CarbonCo

VCS# 1382

Envira Amazonia

Avoidance

Near City of Feijó,

VCS methodology

SCS Global

Registry v4.3

Project

Acre, Brazil

VM0015:

Services

(VCS) / Climate,

Methodology for

Community, and

Avoided

Name of O set

Name of Entity

Estimation

Third-Party

Project ID Number

Project Name

Project Type

Site Location

Protocol /

Registry/Standard

Selling O set

Veri cation

44475.1(b)

44475.1(c)

44475.1(d)

Methodology

44475.1(a)

44475.1(f)

44475.1(e)

Biodiversity

Freitas

Unplanned

Standard v3.1

International

Deforestation,

(CCB)

Group, LLC

version 1.1 and

(doing business as

Climate,

"Carbon

Community, and

Securities")

Biodiversity

Standard Third

JR Agropecuária e

Edition (2013) and

Empreendimentos

VCS version 3

EIRELI

Waldklima

Pina Earth

A-12122023-PINAE

Forest Adaptation

Removals

Germany

ISO 14064-2: 2019

TÜV NORD CERT,

Standard & ISO

ARTH-19d88842

Project Lindorf

GmbH, Germany

14064-2

Climate Action

Cool E ect

CAR1565

Ejido Forestal

Removals

Mexico

Mexico Forest

THE EARTH LAB

Reserve

Chavarria Nuevo

Protocol Version

S.A DE C.V.

3.0

§ 44475.2: Disclosure Information Related to Airbnb's Emissions Reduction Goals and Progress

In 2021, we announced a goal to operate as a net zero company by 2030, reducing greenhouse gas emissions associated with our global Scope 1, 2, and 3 corporate operations and investing in quality solutions to o set residual emissions, including those with a focus on nature-based solutions. The speci c categories of emissions included in our corporate net zero goal are Scope 1, Scope 2, and the following Scope 3 categories de ned by the Greenhouse Gas (GHG) Protocol: 3.1 Purchased goods and services, 3.2 Capital goods, 3.3 Fuel- and energy-related activities (not included in Scope 1 or Scope 2), 3.5 Waste generated in operations, 3.6 Business travel, 3.7 Employee commuting, and 3.8 Upstream leased assets). As noted above, while we purchase carbon credits, we do not currently apply these carbon credits to the emissions gures we disclose.

Airbnb established a target, validated under the Science Based Targets initiative ("SBTi") near-term criteria, to reduce Scope 1 and 2 (direct emissions from stationary combustion and refrigerants and indirect emissions from purchased electricity, diesel generators and district heat, respectively) absolute emissions by 78.4 percent by 2030 from our 2019 baseline.1 As of December 31, 2023, Airbnb achieved an approximately 82 percent reduction of Scope 1 and 2 absolute emissions compared to our 2019 baseline, largely due to our continued matching of our o ce electricity use with 100 percent renewable energy purchases. The methodology we use to measure our Scope 1 and 2 emissions, including relevant estimates and assumptions, is set forth in Airbnb's management assertion and the report of independent accountants, dated September 6, 2024, available here.

Our SBTi-validated near-term target also includes a goal of reducing Scope 3 emissions intensity (MtCO2e/$1 million gross pro t) by 55 percent by 2030 from our 2019 baseline. Alongside signi cant business growth from 2019 to 2023, Airbnb reduced our 2023 Scope 3 emissions intensity by approximately 55 percent compared to 2019. Scope 3 emissions intensity is measured using the economic intensity method as set by SBTi's Greenhouse Gas Emissions per Value Added (GEVA). The methodology we use to measure our Scope 3 emissions, including relevant estimates and assumptions, is set forth in Airbnb's management assertion and the report of independent accountants, dated September 6, 2024, available here. As noted above, Airbnb's Scope 3 emissions for purposes of this target only includes the following categories de ned by the GHG Protocol: 3.1 Purchased goods and services, 3.2 Capital goods, 3.3 Fuel- and energy-related activities (not included in Scope 1 or Scope 2), 3.5 Waste generated in operations, 3.6 Business travel, 3.7 Employee commuting, and 3.8 Upstream leased assets. Our "gross pro t" for purposes of this target is calculated as revenue minus cost of revenue as reported in Airbnb's relevant Annual Report on Form 10-K.

Our approach to measuring and disclosing our GHG emissions is informed by relevant frameworks and standards, such as the Greenhouse Gas Protocol standards. To measure our emissions, we collect business activity data-such as data regarding our company spend, o ce portfolio, cloud usage, etc.-and work with Watershed, our third-party sustainability partner, to calculate the emissions associated with our business activities using emissions factors (as detailed in Airbnb's management assertion and the report of independent accountants). However, we recognize that approaches to the measurement of greenhouse gas emissions and any associated reductions, as well as underlying data availability and quality, continue to evolve; as such, both the data sources and methodology we use change over time to reflect updates we deem appropriate, including if necessary to our reporting boundary or baseline. Speci c changes to our methodology are noted in Airbnb's management assertion and the report of independent accountants, dated September 6, 2024, available here.

Airbnb procures limited assurance over our Scope 1, Scope 2, and Scope 3 metrics, as well as our Scope 3 emissions intensity, in each case as set forth in Airbnb's management assertion and the report of independent accountants, dated September 6, 2024, available here.

Important notes and disclaimers

This information speaks to scal year 2023.

The information in this disclosure contains forward-looking statements about our business and operations, and in particular our sustainability-related targets and strategy, based on current expectations that involve risks, uncertainties and assumptions. Our actual results may di er materially from those discussed in the forward-looking statements as a result of various factors, including but not limited to those discussed in the cautionary notice regarding forward-looking statements and the risk factors of our most recent Annual Report on Form 10-K and in subsequent Airbnb reports led with the Securities Exchange Commission. Moreover, references to various documents or webpages within this report are provided for convenience; such documents may, in certain instances, be subject to their own quali cations and other notes, including speaking to a speci c moment of time that you should keep in mind in reviewing such information. The disclosures in this document are provided solely for the purposes of complying with the California Voluntary Carbon Markets Disclosure Act (also commonly referred to as "AB 1305") and is not intended, and we hereby disclaim any, legal relations, right or obligations to any third-party. By providing this information, neither we nor any of our a liates are conceding any speci c item is required to be disclosed nor is waiving any arguments about the interpretation of AB 1305, nor should any of this information necessarily be deemed to be material under U.S. securities law, the European Union's Corporate Sustainability Reporting Directive and applicable transpositional legislation, or other laws, regulations, or requirements which may apply to us.

Disclaimer

Airbnb Inc. published this content on December 18, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on December 18, 2024 at 17:17:05.585.