Matterport releases inaugural ESG report

Matterport released the company’s first Environmental, Social, and Governance report that assesses the impact of Matterport’s products and programs toward driving sustainable and equitable outcomes. The report, based on 2021 data, provides a benchmark to establish company-wide ESG goals and commitments. The topline environmental findings confirm Matterport’s digital twins are highly effective at helping customers achieve sustainability goals. Matterport’s revolutionary technology allows for the creation of high-precision, immersive 3D digital twins of millions of buildings and other real-world locations, enabling people globally to work smarter and more sustainably by reducing the need for business travel and easing the strain on the environment. The company commissioned independent carbon accounting experts, Minimum, to calculate the emissions reduction potential of using Matterport’s digital twin platform. The findings were compelling, revealing a significant reduction in emissions through the use of Matterport’s digital twin technology: In 2021, Matterport’s solution helped customers prevent an estimated 374,312 tonnes of CO2e from being released into the atmosphere globally through reduced business travel – equivalent to the emissions of over 80,000 passenger cars driven for one year. A Matterport digital twin can reduce emissions by an average of 0.15 tCO2e over its lifetime – equivalent to not driving a car for 444 miles. Utilizing digital twins for remote facilities management results in greater emissions prevention than in most other applications.