Evercore Inc.
Climate Impact & Sustainability Data (2020, 2021, 2022, 2023)
Reporting Period: 2020
Environmental Metrics
Renewable Energy Share:100% in London office
ESG Focus Areas
- People
- Governance
- Business
- Planet
Environmental Achievements
- London offices use 100% renewable energy
- LEED-certified building in New York
- Initiatives to reduce paper waste, use plastic-free supplies, and improve water efficiency
Social Achievements
- Launched Advisory Women’s Mentoring Program
- Joined 30% Club pledge for women's representation
- Established Women’s Recruiting Team
- Created US Women’s Council and Europe Women’s Forum
- Introduced Diversity Scholarships
- Conducted firmwide Unconscious Bias Training
- Established Diversity Task Force Recruiting Team
- Social justice organizations received largest charitable donation in firm’s history
- Created Global Diversity Council
- Updated Core Values with separate DE&I value
- Launched DE&I Diagnostic Assessment
- Hosted firm DE&I Town Hall
- Convened Steering Committee to design DE&I vision and strategy
- Increased percentage of recruited women for full-time U.S. Advisory analyst jobs to 31% in 2021
- Increased number of women among recruited U.S. Advisory full-time associates to 34% in 2021
- Hosted inaugural U.S. Women’s Conference in 2021
- Expanded benefits package to include additional women’s and family support benefits
Governance Achievements
- Strengthened Board diversity (40% of independent directors are women)
- Improved risk management practices
- Enhanced compliance programs
- Implemented robust anti-bribery, anti-corruption, and anti-money laundering policies
- Strengthened whistleblower protection policies
Climate Goals & Targets
Environmental Challenges
- Global pandemic impacting operations and employee well-being
- Ongoing social injustices and widening racial and economic disparities
- Need to further improve DE&I representation
- Minimizing environmental impact of business operations
Mitigation Strategies
- Transitioned to remote work
- Implemented new safety measures in offices
- Increased communication with employees
- Launched various DE&I initiatives
- Implemented environmental initiatives in offices
- Exploring ways to offset CO2 emissions from travel
Supply Chain Management
Responsible Procurement
- Incorporating environmental criteria in decisions regarding materials, suppliers, and sourcing partners
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB
Reporting Period: 2021
Environmental Metrics
Renewable Energy Share:100% (London offices)
ESG Focus Areas
- Diversity, Equity and Inclusion (DE&I)
- Sustainable Energy and Technology (SET)
- Governance
- Environmental Footprint
- Community Engagement
Environmental Achievements
- Consolidated most of NYC-based workforce into LEED-certified headquarters
- London offices operate using 100% renewable energy
- Implemented initiatives to reduce paper waste, use plastic-free supplies, and improve water efficiency in US offices
- Streamlined waste management system in London offices improving recycling
- Upgraded building management system in London to better assess energy data and reduce waste
Social Achievements
- Developed new diversity recruiting partnerships, mentorship and sponsorship programs
- Launched Inclusive Leadership Program for US SMDs and firmwide diversity education initiative
- Hosted educational programming by Diversity Networks, including speakers from various organizations
- Established annual DE&I Champion Awards
- Contributed $120,000 to various organizations through US Diversity Network Heads
- Raised $430,000 for charitable causes through employee matching campaign
- Expanded benefits package to include additional family support benefits
- Implemented “Protected Saturday” and “Protected Vacation” policies in US Advisory
- Expanded wellness initiatives and benefits
Governance Achievements
- Strengthened commitment to ESG practices and initiatives
- Continued investment in enhanced training procedures on regulatory requirements and best practices
- Maintained an open and transparent relationship with regulators
- Implemented robust anti-bribery, anti-corruption, and anti-money laundering policies and procedures
- Increased employee education and awareness of cybersecurity threats
Climate Goals & Targets
Environmental Challenges
- Minimizing environmental impact of business operations
- Data collection on carbon and greenhouse gas emissions
- Addressing climate change-related risks
- Maintaining a culture of compliance
Mitigation Strategies
- Working with third-party service providers to collect and record emissions data
- Implementing various environmental initiatives in offices (e.g., recycling, plastic-free supplies)
- Investing in cybersecurity and data management
- Providing employee training on compliance and security policies
Supply Chain Management
Responsible Procurement
- Converting to plastic-free supplies where available
Climate-Related Risks & Opportunities
Opportunities
- Advising clients on energy transition
Reporting Standards
Frameworks Used: SASB (Value Reporting Foundation)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Business ethics
- Risk management
- Employee DE&I
- Integration of sustainability factors within our business
Environmental Achievements
- 78% of our U.S. workforce operates out of a LEED-certified building
- 90% of our EMEA workforce operates out of buildings fueled by 100% renewable energy
- Approximately 150 yards² of carpet tile were donated and diverted from landfills to Habitat for Humanity’s ReStore program.
- Partnered with DIRTT Environmental Solutions to incorporate more sustainable construction materials into our leased spaces, diverting 9,589 pounds of drywall waste from landfills and preventing 105 pounds of paint-based VOCs and 16 pounds of drywall mud tape-based VOCs from off-gassing.
- Evercore partners with Green Standards to divert 30 tons of corporate waste from landfills, reducing 72 tons of CO2 emissions.
Social Achievements
- Launched our first Global Culture Survey with an 88% response rate.
- Advanced diversity, equity and inclusion (DE&I) initiatives, including recruiting and training and development programs.
- Introduced new employee benefits, particularly increasing key areas of support for the well-being of our employees and their families.
- Hosted second-annual Evercore Women’s Conference.
- Supported global women’s and Traditionally Underrepresented Minority (TURM) mentoring programs.
- Partnered with organizations like New York Cares, Save the Children, and PENCIL for community engagement.
Governance Achievements
- Continued to refine risk management practices and invest resources in enhanced training procedures.
- Increased the volume of compliance trainings by 36% from 2021, with an over 95% completion rate.
- Maintained a robust cybersecurity training program and regular phishing campaigns.
Climate Goals & Targets
Environmental Challenges
- Minimizing the environmental impact of office space, travel, and employee resource consumption.
Mitigation Strategies
- Considering environmental factors when evaluating new office spaces.
- Implementing initiatives such as managing recycling efforts, using recyclable materials, providing plastic-free dining supplies, and encouraging environmentally friendly commuting.
Supply Chain Management
Responsible Procurement
- Using products containing recycled materials
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB (now Value Reporting Foundation)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:98% in EMEA
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Business ethics
- Risk management
- Employee DE&I
- Integration of sustainability factors within the business
Environmental Achievements
- 90% of our U.S. workforce operates out of a LEED-certified building
- 98% of our EMEA workforce operates out of buildings fueled by 100% renewable energy
- 50% decrease in paper usage compared to 2019 (pre-pandemic) in the UK
Social Achievements
- Hired the firm’s first Chief Diversity Officer
- Celebrated the second year of Evercore’s DE&I Champion Awards
- Increased employee participation in charitable activities globally
- Partnered with New Visions for Public Schools on a summer Finance Academy
- 91% response rate from employees globally in the 2023 Global Culture Survey
Governance Achievements
- Continued to refine risk management practices and invest in enhanced training procedures
- Maintained an open and transparent relationship with regulators
- Over 95% completion rate in compliance training
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Using recycled materials in office fit-outs
- Providing plastic-free supplies
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SASB (Value Reporting Foundation)
Certifications: LEED Platinum (for NY HQ)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed