California Carbon Offset & Emissions Disclosure

In 2024, Walker & Dunlop purchased carbon offsets through ACT Commodities to offset our 2023 Scope 1 and Scope 2 purchased steam emissions, totaling 361 MTCO2e. The details of which are below:

1. Name of the business entity selling the offset and the offset registry: Climate Action Reserve (CAR)
2. Project identification number: -CAR #475
3. Project name as listed in the registry: Gaston County Landfill Gas Destruction Project
4. Offset project type: Avoidance, LFG (landfill gas) to electricity
5. Project site location: North Carolina, USA
6. Project protocol: CAR; CAR methodologies and protocols are all based on International Standards Organization (ISO) 14064. CAR allows project developers to use methodologies and tools for GHG measurement from the Clean Development Mechanism (CDM) to the extent that they comply with the CAR’s published standards
7. Independent third-party verification: Emissions data and related claims listed have not been verified by an independent third-party

Disclosures on climate-related claims and emissions reduction

Walker & Dunlop generally disclosed that we achieved carbon neutrality through the purchase of renewable energy credits for 100% of our electricity use (our Scope 2 purchased electricity emissions) and the purchase of carbon offsets to offset our Scope 1 emissions and Scope 2 emissions not covered by RECs (i.e., steam emissions). Any given year, we measure our carbon footprint utilizing a third-party consultant, ICF, who assess both our direct and indirect emissions. ICF’s measurements follow the Greenhouse Gas Protocol Corporate Accounting and Reporting Standards. This data and its related claims, including all claims discussed throughout these disclosures, are not verified by an independent third-party.

Our carbon emissions sources can be subdivided into three categories: Scope 1 which is composed of direct emissions from owned or controlled sources (i.e., stationary combustion and refrigerants); Scope 2 which covers indirect emissions from the generation of purchased electricity, steam, heating, and cooling, and consumed; and Scope 3 which includes all other indirect emissions that occur in our value chain.

The measurement of our carbon footprint involves an assessment of direct and indirect emissions resulting from our annual operations. Our total carbon footprint, which includes direct (energy consumption at offices) and indirect emissions (business travel, commuting, and waste) was 18,956 MTCO2e in 2023.

This information contains forward-looking statements about our business and operations, and in particular our sustainability-related targets and strategy, based on current expectations that involve risks, uncertainties and assumptions. Our actual results may differ materially from those discussed in the forward-looking statements as a result of various factors, including but not limited to those discussed in the cautionary notice regarding forward-looking statements and the risk factors of our most recent Annual Report on Form 10-K. Referenced documents and links are provided for convenience only; they are explicitly not incorporated by reference and may be subject to their own qualifiers, including speaking to a particular point in time.

The disclosures in this document are provided solely for the purposes of complying with the California Voluntary Carbon Markets Disclosure Act (also commonly referred to as “AB 1305”) and is not intended, and we hereby disclaim any, legal relations, right or obligations to any third-party. By providing this information, neither we nor any of our affiliates are conceding any specific item is required to be disclosed nor is waiving any arguments about the interpretation of AB 1305, nor should any of this information necessarily be deemed to be material under US securities law or other laws, regulations, or requirements which may apply to us.