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MH Sub I LLC dba (“Internet Brands”) Climate-Related Financial Risk Disclosure Report
Initial Report: Covering Fiscal Year 2025
Executive Summary and SB 261 Compliance Statement
This report is prepared in response to the requirements of California Senate Bill (SB) 261, the Climate-Related Financial Risk Act. Internet Brands is a U.S. company doing business in California, a covered entity under the Act. This disclosure outlines our assessment of material climate-related financial risks and opportunities, aligning with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), an equivalent framework recommended by the California Air Resources Board (CARB).
As a leading technology and marketing services provider, our key climate risks primarily fall into two categories: Transition Risks and Physical Risks. The measures detailed below reflect our proactive strategy to enhance organizational and financial resilience against these challenges.
I. Governance
This section describes the organizational structure and process through which the Board and Management oversee climate-related financial risks and opportunities.
Board
Oversight
Management's
Role
The Executive Committee maintains ultimate responsibility for overseeing climate-related risks and their impact on corporate strategy and long-term value creation. The Committee reviews and approves the company's climate strategy, material risk assessments, and progress against publicly stated sustainability targets at least Annually.
The Head of ESG in conjunction with Management is responsible for assessing, monitoring, and managing climate-related risks in daily operations and strategic planning. The Head of ESG reports directly to the Executive Committee and is tasked with coordinating the company’s enterprise-wide response to climate risks. Dedicated working groups, including representatives from Facilities, Supply Chain, and Finance, execute the climate strategy and report performance metrics to the executive team.
II. Strategy
This section outlines the actual and potential impacts of climate-related risks and opportunities on our operations, strategy, and financial planning.
A. Climate-Related Risks Identified (Short, Medium, and Long-Term)
Risk Type
Transition Risk:
Regulatory & Policy
Description of Risk
Transition Risk:
Regulatory & Policy
Potential Financial Impact
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