Climate Impact

Eaton Vance's emissions of greenhouse gas relate primarily to the heating, cooling and powering of our office facilities and our employees’ commuting and business travel. We conduct an annual assessment of the Company’s greenhouse gas emissions to understand our carbon footprint, and then take action to reduce greenhouse gas emissions and purchase offsets against unavoidable emissions.

Eaton Vance is committed to offsetting 100% of the Company’s Scope 1 and Scope 2 greenhouse gas emissions for all operations. Our Calvert affiliate has entered into offset agreements for the amount of its greenhouse gas emissions going back to 2018.

CDP Reporting

Eaton Vance calculates its annual greenhouse gas emissions and reports these amounts to the CDP (formerly Carbon Disclosure Project). Eaton Vance’s 2019 CDP responses can be viewed here. 

Water

Eaton Vance’s primary water usage is supporting the kitchens, breakrooms and restrooms of our office facilities. Our offices are located principally in LEED-certified buildings that operate with high standards of water efficiency. Among other water conservation measures, we use automatic-shutoff restroom faucets in the majority of our facilities.

Energy

Our office facilities are located principally in buildings recognized for sustainability achievement and leadership through the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) certification program. LEED provides a framework for healthy, efficient and cost-saving buildings, and is the most widely used green building rating system in the world.

Facility Location LEED Certification
800 Fifth Avenue Seattle Platinum
1075 Peachtree Street NE Atlanta Gold
Two International Place Boston Gold
100 Park Avenue New York Gold
1825 Connecticut Avenue NW Washington, DC Silver

Each of the above office facilities has also earned ENERGY STAR certification. ENERGY STAR is a voluntary U.S. Environmental Protection Agency (EPA) program that delivers environmental benefits and financial value through superior energy efficiency. Through ENERGY STAR, EPA partners with businesses and public-sector organizations to transform the way that commercial buildings and industrial plants use energy.

Operations

Our offices in the U.S. and internationally have taken numerous actions to enhance the sustainability of our operations. These include:

  • Operating principally from LEED-certified and ENERGY STAR-certified buildings
  • Using motion detectors to detect – and turn out the lights – when rooms are not in use
  • Our cafeterias, kitchenettes, breakrooms and conference rooms do not use single-serve plastic bottles. We also limit single-serve cups, plates or utensils to compostable materials.
  • Installing purified water dispensers throughout our office facilities and providing employees with personal reusable water bottles and mugs
  • Using automatic-shutoff restroom faucets
  • Reminding employees to minimize document printing
  • Installing paper recycling bins throughout our office facilities
  • Installing compost stations in employee kitchens
  • Installing battery recycling bins in centralized locations
  • Holding periodic electronics recycling events, providing for e-waste vendors to pick up and responsibly dispose of electronic waste
  • Subsidizing mass transit passes to encourage use of public transportation
  • Providing bike storage areas to promote bicycling to and from work
  • Eliminating Company-subsidized parking

Electronic delivery

In communicating with our fund shareholders, other clients and business partners, we transmit documents electronically rather than in paper form to the extent possible. For many years, we have promoted the availability of fund documents in electronic form and encouraged our fund shareholders not to require paper delivery. As authorized by a new rule recently adopted by the U.S. Securities and Exchange Commission, the Eaton Vance, Parametric and Calvert mutual funds intend to adopt “notice and access” default delivery of fund shareholder reports beginning January 1, 2021. Under this approach, a fund can satisfy its delivery requirements for shareholder reports by making them accessible on a free public website and by sending shareholders a paper notice of each report’s availability. Full shareholder reports will be mailed only to fund shareholders who expressly elect to receive the reports in paper form. Expected environmental benefits of this change include reduced paper consumption and associated reductions in printing, transportation and disposal impacts.

Use of recycled paper

Eaton Vance has committed to purchase only 100% recycled content paper for our commercially printed materials, with a preference for 100% postconsumer recycled content paper where available. Based on calculations using the Environmental Paper Network’s Paper Calculator, the following environmental benefits were achieve as a result of using 100% postconsumer recycled content paper in the printing of our annual report:

Recycled Paper Chart

Our primary provider of commercial printing services is the first in Massachusetts to be SGP-certified (Sustainable Green Printer).


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