Much like our commitment to our shareholders and our employees, Stifel is focused on our responsibility to our environmental footprint. Our environmental program is continually evolving to address the impacts of our business and promotes the kind of sustainability that drives better outcomes for our associates, clients, communities, and the environment.

We have undertaken several tasks to mitigate our emissions. Many of these take the form of efficiency and retrofitting improvements to our St. Louis headquarters, our largest physical footprint. These investments will reduce our energy usage over the next several years and promote an understanding among our associates that investing in efficiency matters. To that end, energy usage across our technological systems is steadily decreasing due to our multiyear cloud transition. Moving our systems to the cloud provides increased security but also creates significant efficiencies in computing, storage, and processing, which lowers overall electricity consumption.