Climate Change Data

Environmental Metrics

ESG Focus Areas

• Diversity, equity and inclusion
• Talent management
• Client relationship management
• ESG management, accountability and transparency
• ESG-related business innovation
• Environmental Sustainability
• Ethics and Authenticity

Environmental Achievements

• Completed inaugural Environmental Inventory, examining water usage, energy usage, waste generation, employee commuting, business travel, and greenhouse gas emissions.

Social Achievements

• Established specific diversity representation goals; implemented enterprise-wide inclusion and anti-bias training; strengthened board diversity; hired a director of diversity, equity, and inclusion; developed inclusive leadership goals for all people managers; supported 45 mentoring pairs; implemented a reverse mentoring program with 16 pairs; 23 employees promoted to managing director in 2021; Milestone Award Program issued awards totaling over $6.8 million; tuition reimbursement program; various employee resource groups established; provided family support services, medical, dental, and vision benefits, wellness program, mental health services, subsidized backup care, and trans-inclusive health benefits; 78% employee participation in satisfaction survey.

Governance Achievements

• Board of Directors provides oversight of strategic direction, risk management, and succession planning; third-party assessment of firm’s security program against NIST standards; began effort to secure and govern sensitive data; 100% employee participation in annual cybersecurity trainings; Code of Ethics & Business Conduct implemented; annual training and certification required for all employees.

Climate Goals & Targets

Environmental Challenges

• Reducing environmental impact and increasing the sustainability of operations; improving data integrity and increasing primary data sources for future reporting.

Mitigation Strategies

• Conducting an Environmental Inventory to identify opportunities for reduction; prioritizing data integrity and increasing primary data sources for future reporting years.

Supply Chain Management

Responsible Procurement

• Risk-based vendor management practice; vendors must support lawful conduct, regulatory compliance, and ethical standards.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, GRI

Awards & Recognition

• Best Places to Work for LGBTQ+ Equality
• 100 Most Influential Women in U.S. Finance
• CFO of the Year
• Financial Services M&A Advisory Firm of the Year
• W” Award for Female Board Representation

Environmental Metrics

ESG Focus Areas

• Talent management
• Client relationship management
• ESG management, accountability and transparency
• ESG-related business innovation
• Diversity, equity and inclusion

Environmental Achievements

• Relocating headquarters to a LEED Silver certified building in 2025
• Incorporating sustainability concepts into real estate leases (energy-saving capabilities, embodied emissions consideration)

Social Achievements

• 48% of new hires and interns were BIPOC and/or female
• 46 employees promoted to managing director or director (35% BIPOC and/or female)
• Enhanced employee benefits (back-up childcare, eldercare, maternity care, fertility benefits)
• Offered five free counseling sessions per employee per year through EmployeeConnect program
• Established 63 mentoring relationships and 8 reverse mentoring pairs
• ERGs held 40+ events in 2022 with over 60% employee involvement
• $7 million in total giving to 1800+ organizations

Governance Achievements

• Built a five-year security roadmap incorporating Zero Trust principles
• Completed investment banking and public finance data restructuring, restricting access
• Executed a third-party vulnerability management assessment
• Implemented a network detection and response platform and incident response playbooks
• Enhanced information and data security oversight (attachment inspection for emails)
• Extended privileged account security and oversight

Climate Goals & Targets

Environmental Challenges

• Developing and formalizing sustainability operations and data tracking
• Assessing and managing climate-related risks

Mitigation Strategies

• Conducting a Climate Risk Analysis (CRA) in 2023 to inform strategic decisions and prepare for CDP reporting in 2024
• Improving and formalizing tracking and reporting systems for emissions data

Supply Chain Management

Responsible Procurement

• Risk-based vendor management practice, aiming for value-added relationships that support lawful conduct, regulatory compliance, and ethical standards.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, TCFD, GRI

Environmental Metrics

ESG Focus Areas

• Talent development
• Client relationship management
• ESG management, accountability and transparency
• ESG-related business innovation
• Diversity, equity and inclusion

Environmental Achievements

• Expanded organizational and operational boundaries for GHG emissions inventory to include 23 additional facilities and investment portfolio emissions; improved data accuracy and completeness, particularly for Scope 3 emissions.

Social Achievements

• Launched new talent development programs providing employees with development and career advancement opportunities; piloted "Realizing Potential" and "Elevating Excellence" initiatives; formed the Investment Banking Talent Advisory Council; offered firmwide and business line mentoring programs; launched a new mental health benefit offering through Headspace; enhanced inclusive fertility coverage; continued support for equitable parental leave; provided family support through access to back-up childcare and eldercare services, along with offering tutoring support; conducted various workshops with management-level employees to support an inclusive environment; 100% of employees selected annual actionable inclusion goals; partnered with RippleMatch to enhance diversity in hiring; hosted various ERG events; supported over 1,800 causes with $7.1 million in total giving.

Governance Achievements

• Completed a network access control initiative; implemented “just in time” access for third-party vendors; implemented microsegmentation across networks; improved security posture across SaaS tools; 100% of employees participated in annual cybersecurity trainings; board of directors provides oversight of company’s strategic direction, risk management and succession planning; board actively considers diversity factors in director selection; maintains an ethics email box and hotline for reporting concerns.

Climate Goals & Targets

Environmental Challenges

• Improving the breadth and accuracy of environmental impact data.

Mitigation Strategies

• Took additional steps to improve the accuracy and completeness of GHG emissions inventory; conducted a Climate Risk Analysis.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, TCFD, GRI

Awards & Recognition

• Equality100 score on Human Rights Campaign Foundation's 2023 Corporate Equality Index
• 2023 NAFCU Innovation Award