Climate Change Data

BCG, INSEAD Corporate Governance Centre, and Heidrick & Struggles

Climate Impact & Sustainability Data (2020, 2021, 2022, 2024)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:8,800 metric tons CO2-equivalent (2019)

ESG Focus Areas

  • Diversity & Inclusion
  • Environmental Sustainability
  • Governance
  • Employee Well-being
  • Community Engagement

Environmental Achievements

  • Significantly shrank carbon footprint from air travel due to a shift to virtual work.
  • Decreased global office square footage by 8.4%
  • Reduced paper usage by launching use of DocuSign

Social Achievements

  • Launched Diversity & Inclusion principles and a new Diversity & Inclusion Practice.
  • 61% of U.S. board placements were diverse; globally, over 60% of initial proposed board candidates were diverse.
  • Over 60% of the firm's Board of Directors are women or People of Color.
  • Formalized a new Flexible Workspace Philosophy.
  • Created and delivered over 700 learning experiences for employee development.
  • Donated over $57,000 to COVID-19 relief efforts and roughly $340,000 to charities worldwide.
  • Completed over 1,000 hours of pro bono work.

Governance Achievements

  • Updated Code of Ethics.
  • Introduced ongoing training on privacy notifications.
  • Expanded Data Subject Rights globally.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality
Short-term Goals:
  • Add at least two gender-diverse and one racially/ethnically diverse member to the Board and senior leadership in 2021.

Environmental Challenges

  • Reducing environmental impact from business travel and real estate.
  • Maintaining a diverse and inclusive workplace.
Mitigation Strategies
  • Shifting to virtual work to reduce travel.
  • Reducing office space.
  • Implementing diversity and inclusion initiatives.
  • Launching a Flexible Workspace Philosophy.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct (addresses environmental protection and diverse supplier engagement)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB

Awards & Recognition

  • AESC IDEA Award (Lyndon Taylor)
  • 25 Influential Black Women in Business (Cheryl Stokes)
  • Savoy Magazine's Most Influential Black Executives (Kamau Coar)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:6,920 MT CO2e
Scope 1 Emissions:<1%
Scope 2 Emissions:38.9%
Scope 3 Emissions:61%
Waste Generated:42 metric tons of paper

ESG Focus Areas

  • Board Diversity
  • Diversity, Equity & Inclusion (DE&I)
  • Environmental Sustainability
  • Employee Well-being
  • Governance
  • Philanthropy
  • Climate Change

Environmental Achievements

  • Reduced carbon emissions by over 21% from 2019 to 2021
  • Decreased global office square footage by 26%
  • Recycled over 42 metric tons of paper

Social Achievements

  • Globally, 67% of initially proposed board candidates were diverse, exceeding the annual Board Diversity Pledge
  • 73% of board placements in the US and 68% globally were diverse
  • 51% of overall placements in the US and 49% globally were diverse
  • Delivered more than 12,800 hours of learning and development to employees globally
  • Recognized World Mental Health Day as a holiday
  • 35 offices participated in the 3rd Global Day of Service

Governance Achievements

  • 37% of the board of directors were women, and 25% were people of color (as of May 2022)
  • Established a comprehensive set of data protection and privacy programs, policies, and practices
  • No information security breaches in 2021

Climate Goals & Targets

Environmental Challenges

  • Work-life balance and burnout among employees
  • Addressing pay inequality for women and minorities
  • Reducing carbon emissions from electricity use and employee commuting
Mitigation Strategies
  • Enhanced wellness offerings, including mental health resources and flexible workspace
  • Country-wide approach to not asking for or using candidates’ historical compensation information
  • Emissions reductions through a greener, smaller office footprint and purchase of carbon offsets

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB

Awards & Recognition

  • AESC’s Future of The Profession Award (Jaimee Eddington)
  • NACD Directorship 100 (Bonnie Gwin and Theodore Dysart)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:19,257 tCO2e/year
Scope 1 Emissions:93 tCO2e/year
Scope 2 Emissions:2,277 tCO2e/year
Scope 3 Emissions:16,886 tCO2e/year
Carbon Intensity:8.99 MT CO2e/person; 17.94 MT CO2e/Million USD

ESG Focus Areas

  • Diversity, equity and inclusion
  • Customer trust
  • Compensation and benefits
  • Employee engagement and management
  • ESG governance
  • Data security and privacy

Environmental Achievements

  • Reduced electricity usage by 22% in 2022 compared to 2021
  • 60% of global offices were sustainably certified
  • 79% of U.S. offices were sustainably certified
  • 2,000 tons of CO2 equivalent emissions were offset

Social Achievements

  • Launched Voice of Employee pulse surveys with nearly 80% participation rate
  • Appointed Cecilia Nelson-Hurt as Chief DE&I Officer
  • 700+ employees participated in Global Day of Service, donating over 2,400 hours
  • Raised $523,000 to support humanitarian efforts in Ukraine

Governance Achievements

  • Launched an ESG governance framework
  • Board of directors was 43% women and 29% racially/ethnically diverse

Climate Goals & Targets

Medium-term Goals:
  • Setting reduction targets through SBTi (submission intended for 2024)

Environmental Challenges

  • Increased GHG emissions in 2022 due to increased business travel and retrofitting of office space
  • Supply chain disruptions (implied)
Mitigation Strategies
  • Actively working toward setting reduction targets through the Science Based Targets initiative (SBTi)
  • Completed a climate change risk assessment
  • Prioritizing more energy-efficient buildings
  • Working with travel vendors to enhance sustainable travel choices
  • Purchasing carbon offsets through Indigo Ag

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Awards & Recognition

  • Forbes World’s Best Management Consulting Firms
  • Forbes America’s Best Executive Recruiting Firms
  • Financial Times Business Talent Group UK’s Top Management Consulting Networks

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Sustainability
  • Generative AI
  • Trade and Geopolitics

Environmental Achievements

  • Improved understanding of sustainability's impact on value creation (from 25% lacking confidence in 2023 to 9% in 2024)
  • Improved capability to scan for weak signals of future sustainability shocks (from 37% lacking capability in 2023 to 24% in 2024)
  • Improved development of plans to turn sustainability shocks into competitive advantage (from 46% lacking plans in 2023 to 27% in 2024)

Governance Achievements

  • 74% of respondents indicate that sustainability is a formal part of the board’s competency matrix

Climate Goals & Targets

Environmental Challenges

  • Lack of understanding of GenAI's impact on value creation
  • Insufficient capability to scan for weak signals indicating disruption related to sustainability, GenAI, and trade/geopolitics
  • Difficulty in translating disruptions into competitive advantage
  • Other important issues crowding out discussion of external shocks and disruptions (38% of respondents)
  • Inability of organizations to comply with new regulations (19% of directors cite this as a primary threat to sustainability goals)
  • Conflicting views among stakeholders (activists, customers, employees, shareholders)
  • Lack of alignment within the board and between directors and management (29% of directors unsure of management's ability to navigate disruption)
Mitigation Strategies
  • Increasing investment in new technologies (49% for sustainability, 44% for GenAI)
  • Adopting flexible resource-allocation processes
  • Placing speculative bets and piloting new products and services (27% for GenAI)
  • Enhancing risk management (62% of directors)
  • Increasing scenario planning (44% of respondents)
  • Ongoing board education
  • Engaging with independent experts
  • Updating the competency matrix
  • Refreshing boards to include individuals with specific sustainability experience and diverse perspectives
  • Stress testing the capital allocation process
  • Promoting meaningful engagement with diverse stakeholders
  • Empowering management to leverage stakeholder dialogues to navigate pressures and influence the broader landscape

Supply Chain Management

Climate-Related Risks & Opportunities