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Stock impact report

Matterport aims for sustainable packaging for all Pro3 cameras by 2025 [Yahoo! Finance]

Matterport, Inc. - Class A (MTTR) 
Company Research Source: Yahoo! Finance
The company plans to adopt recyclable or renewable materials for all packaging of its Pro3 cameras by next year. This commitment was highlighted in the company's third Environmental, Social, and Governance (ESG) Report, which was released yesterday (6 August). The move forms part of a broader strategy to enhance sustainability and reduce environmental impact across the business. The company's ambitious goals also include a 20% reduction in scope 1 and scope 2 greenhouse gas emissions by 2030. Matterport aims to become a net-zero emissions company by 2050. The report also revealed that the company recycled 2,517lbs of packaging materials and returned merchandise authorisation product waste at its Sunnyvale, US, facility in 2023. The company's digital twin platform has also contributed to carbon emission reductions, with more than one million subscribers utilising the technology to avoid unnecessary travel. The platform has digitised more than 12 million spaces in 178 cou Show less Read more
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