ROBERT HALF INC.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Human Rights
- Labor Standards
- Environment
- Anti-corruption
- Diversity & Inclusion
- Community Investment
- Cybersecurity
- Data Privacy
Environmental Achievements
- Near-term greenhouse gas emissions science-based targets (SBTs) were reviewed and validated by the Science Based Targets initiative. Targets include reducing absolute scope 1 and 2 GHG emissions 55% by fiscal year 2032, reducing scope 3 GHG emissions from business travel and employee commuting 62% per full-time employee by fiscal year 2032, and having 50% of Robert Half’s suppliers by spend covering purchased goods and services, and capital goods to have SBTs by fiscal year 2027.
Social Achievements
- 92% of internal employees reported the company as a great place to work (third-party survey).
- Global workforce approximately 53.5% women.
- Women made up approximately 48% of leaders and managers.
- Underrepresented groups in the US made up approximately 33.8% of internal staff employees.
- Over 5,000 employees participated in matching gifts and volunteering, investing over 74,500 hours.
- Total community investment approximately $7 million.
Governance Achievements
- Annual ESG Report aligning with GRI, SASB standards.
- Board-approved Global Human Rights Policy and Global Environmental Policy.
- Cybersecurity Governance Statement and country-specific Privacy Policies.
- Annual greenhouse gas emissions disclosure to CDP.
- Formalized a Related Party Transactions Policy.
Climate Goals & Targets
Short-term Goals:
- Reduce absolute scope 1 and 2 GHG emissions 55% by fiscal year 2032 from a fiscal year 2019 base year.
- Reduce scope 3 GHG emissions from business travel and employee commuting 62% per full-time employee by fiscal year 2032 from a fiscal year 2019 base year.
- 50% of Robert Half’s suppliers by spend covering purchased goods and services, and capital goods to have SBTs by fiscal year 2027.
Environmental Challenges
- 2023 operating results were impacted by ongoing macroeconomic uncertainty affecting client and candidate confidence and lengthening decision cycles. This resulted in a 12% decrease in service revenues and a 38% decrease in net income.
Mitigation Strategies
- The Company’s ROIC for 2023 was 26%.
- The Company had operating cash flow of $637 million in 2023, which helped to fund approximately $232 million in stock repurchases on the open market, $81 million for capital expenditures (including capitalized cloud computing implementation costs), and the distribution of $206 million in dividends to stockholders.
- Retained all key executives and key field personnel.
Supply Chain Management
Responsible Procurement
- Supplier Inclusion program to support small businesses and minority-, women-, veteran-, and LGBTQ-owned firms.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC
Awards & Recognition
- Fortune 100 Best Companies to Work For®, Forbes’ list of America’s Best Large Employers, Fortune® Most Admired Company™, Glassdoor’s Best Places to Work, Best Workplaces for Parents™, Most Responsible Companies by Newsweek, Best Adoption-Friendly Workplaces, Seramount’s Inclusion Index, Seramount’s Global Inclusion Index, Forbes’ list of World’s Best Employers, Fortune’s Best Workplaces for Women™, TIME’s inaugural list of World’s Best Companies, Fortune’s Best Workplaces in Consulting & Professional Services™, Seramount’s list of Top Companies for Executive Women, Consulting Magazine’s Best Firms to Work For, PEOPLE Companies That Care, Forbes’ list of World’s Best Management Consulting Firms, Forbes’ list of America’s Best Employers for Women, Fortune’s Best Workplaces for Millennials, Fast Company’s Best Workplaces for Innovators, Fortune’s Best Workplaces in the Bay Area, Microsoft Security Excellence Award – Compliance and Privacy Trailblazer, 2024 CIO 100 Award Winner