Metrus ESG and Responsible Investment Policy

Founded in 2009, Metrus is a pioneer in Energy as a Service (EaaS), financing and implementing critical energy upgrades and larger-scale energy infrastructure projects. Our pay-for-performance solution removes financial barriers to projects ranging from energy and water efficiency to cooling and heating infrastructure, renewable energy, and storage.

Through our Sustainable Energy Services Agreement (SESA), Metrus provides the financing, long-term ownership, and financial structuring needed to move complex projects forward without a large upfront capital investment. We work with leading ESCO partners to design, implement, and maintain solutions tailored to each customer's needs.

As a purpose-driven company, we are committed to delivering projects that create financial and operational value while advancing a more sustainable, low-carbon future. We integrate Environmental, Social, and Governance (ESG) considerations into our business approach and investment decisions to create positive impacts for our customers, partners, investors, and communities.

Environment

Sustainability is at the core of our business model. Our commitment to the environment is demonstrated through how we make our investment decisions, how we report on what we do, and how we act as a business. We seek customers and partners that are like-minded in supporting climate action, and we prioritize the minimization of our own carbon footprint.

We're committed to transparent reporting for our projects and our organization in a manner consistent with the Science-Based Targets initiative (SBTi). Our publicly available annual Impact Report tracks avoided emissions for projects implemented at customer sites as well as for Metrus' own business operations. For customer projects, we track Scope 1 and 2 GHG emission reductions as well as performance against projected savings. For Metrus' business operations, we track our own Scope 1, 2, and 3 CO₂ emissions on an annual basis. All CO₂ emissions are calculated using geographically based data from the EPA, and these reports are publicly available on our website.

Social

As a business, we consider the impact of socially related issues in how we make our investments and operate our business. Metrus is dedicated to creating a work environment that reflects our commitment to diversity, equity, inclusion, and anti-racism. We respect and learn from different viewpoints and lived experiences. We welcome, support, and benefit from the perspectives of all people regardless of age, race, color, culture, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status. We believe that having diverse employees, business partners, and community relationships is vital to delivering our services and achieving our mission of bringing critical energy infrastructure projects to life. At Metrus, diversity of thought and experience is respected and viewed as essential to excellence.

We put this into practice by ensuring that our hiring procedures consider all these factors, and we look to work with a diverse range of individuals. We also partner with a wide range of companies and aim for our partners to uphold these values as well. We ensure that any partner that we implement a project with prioritizes the ethical treatment of their employees and the environment.

Governance

We have policies in place that codify our beliefs on ESG matters as they relate to our business and our investments. We look to balance ESG considerations and carbon reduction with financial returns to create projects that are mutually beneficial for customers, partners, and Metrus.

Metrus will only finance climate-positive projects that have a net negative emissions profile, defined as a reduction in Scope 1 and 2 emissions for our customers. We firmly believe in reducing the impacts of climate change, and our capital allocation is exclusively focused on energy efficiency, water efficiency and clean energy projects. Every investment we make is first analyzed by an investment committee to calculate CarbonCount using Hannon Armstrong's methodology: measuring the carbon impact by calculating the annual metric tons of carbon emissions offset and evaluating its relative environmental impact. Our participation in RFPs and other procurement bidding processes is transparent and in accordance with our Employee Code of Conduct.

We adhere to all applicable laws, regulations, and standards in the countries and regions in which we operate. This includes, but is not limited to, labor laws, intellectual property rights, and fair competition laws. We have a zero-tolerance policy for corruption and bribery.

This ESG policy and other matters are reviewed by the board on an annual basis.