Fiscal Year 2024

Annual Report &
Sustainability Review

Transparent reporting on our financial performance, environmental impact, and strategic vision for a sustainable future.

A Message from Our CEO

👤
"2024 marked a pivotal year for Env. We not only exceeded our financial targets but also set new benchmarks in environmental stewardship. Our commitment to transparency and measurable impact remains unwavering."

This year, we scaled our AI-driven sustainability platform to serve over 2,500 enterprise clients across 40 countries. Our revenue grew by 38%, while we successfully facilitated 15 million tons of verified carbon offsets.

Our financial strength is directly tied to our mission: as organizations prioritize ESG compliance, Env provides the infrastructure to make sustainability actionable, measurable, and profitable.

Elena Vance
Chief Executive Officer, Env Inc.

At a Glance

Core financial and sustainability metrics that define our 2024 performance.

$412M
Total Revenue
â–² 38% YoY
$89M
Net Income
â–² 24% YoY
15M+
Tons COâ‚‚ Offset
â–² 52% YoY
98.4%
Client Retention
â–² 2.1% YoY

Revenue & Growth Analysis

SaaS Subscriptions
$267M
Enterprise Licensing
$185M
Consulting & Services
$82M
API & Data
$61M
Metric202220232024Change
Gross Revenue$182M$298M$412M+38.3%
Operating Expenses$94M$142M$198M+39.4%
Operating Income$88M$156M$214M+37.2%
Gross Margin
82.4%
Operating Margin
52.1%
Net Profit Margin
21.6%

Strong SaaS economics and scalable AI infrastructure continue to drive margin expansion despite strategic investments in R&D and global compliance frameworks.

Operating Cash Flow
$156M
Free Cash Flow
$124M
R&D Investment
$89M

Sustainability Performance

Our commitment to measurable environmental outcomes drives product development and operational decisions.

Carbon Reduction

Facilitated verified emissions reductions across client operations.

15.2M tons CO₂eq (Target: 15M) ✅

Water Conservation

Optimized industrial water usage through predictive analytics.

3.4B liters saved (Target: 3.0B) ✅

Renewable Integration

Supported transition to clean energy across 850+ facilities.

1.2 GW capacity connected (Target: 1.0 GW) ✅

2024 Milestones

Q1 2024

Series C Funding Closed

Secured $120M to accelerate AI model development and expand EU operations.

Q2 2024

ESG API Launch

Released open-compliance API supporting GRI, SASB, and TCFD standards.

Q3 2024

Global Expansion

Opened offices in Singapore, São Paulo, and Frankfurt to serve emerging markets.

Q4 2024

Net-Zero Certification

Achieved internal net-zero operations across all Env facilities globally.

Board of Directors & Leadership

EV

Elena Vance

Chief Executive Officer

JC

James Chen

Chief Financial Officer

AP

Amara Patel

Chief Sustainability Officer

DL

David Lindström

Board Chair & Independent Director

Our board maintains rigorous oversight of ESG compliance, risk management, and strategic growth. Detailed governance policies and committee charters are available in the full report.

Access the Complete Report

Download the full 2024 Annual Report, including audited financial statements, detailed ESG methodology, and forward-looking guidance.

Download PDF (14.2 MB)

For investor inquiries: ir@env.com | +1 (888) 555-0199