Donnelley Financial Solutions, Inc.
Climate Impact & Sustainability Data (2018, 2019, 2023)
Reporting Period: 2018
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Climate Goals & Targets
Environmental Challenges
- Lack of standardization in ESG disclosures.
- Confusion over terminology (ESG, SRI, impact investing).
- Superabundance of ESG factors, some irrelevant to investors.
- Insufficient quantitative data for effective evaluation.
- Low percentage of companies providing decision-useful ESG information (30%).
- Many companies not producing sustainability reports or providing only boilerplate disclosures.
Mitigation Strategies
- Emerging ESG frameworks (GRI, TCFD, CDP, SASB) provide better roadmaps and data consistency.
- Emphasis on decision-useful ESG disclosures, focusing on material issues and quantifiable metrics.
- Increased stakeholder engagement to understand investor priorities.
- Improved data accuracy and completeness through monitoring ESG rating agencies.
- IROs taking a leading role in shaping ESG disclosures and communicating with investors.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Rising sea levels
- Extreme weather
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI, TCFD, CDP, SASB
Reporting Period: 2019
Environmental Metrics
Total Carbon Emissions:37,342 Metric Tons Equivalent (2019)
ESG Focus Areas
- Sustainability and Corporate Citizenship
- Diversity and Inclusion
- Employee Engagement
- Environmental Responsibility
- Ethical Business Practices
Environmental Achievements
- Reduced GHG emissions by 3.3% year over year (7,914 tons across Scope 1-3)
- Reduced real estate footprint by approximately 110,000 square feet
Social Achievements
- Named to FORTUNE’s list of World’s Most Admired Companies
- Recognized as one of America’s Best Employers for Women by Forbes
- Awarded Best Contract Research Organization Full-service Provider by Scrip Awards
- Selected as the leader in Real World Data and Real World Evidence Services in a 2019 Life Science Strategy Group report
- Implemented company-wide employee engagement survey and action plans to address feedback
- Launched Career Site portal, harmonized onboarding program, and implemented uniform rewards and recognition program
Governance Achievements
- Adopted a proxy access bylaw
- Enhanced proxy statement disclosure on board composition, stockholder engagement and sustainability and corporate citizenship matters
Climate Goals & Targets
Short-term Goals:
- Targeting achievement of Silver Rating by EcoVadis by end of 2020
Environmental Challenges
- Reducing energy consumption associated with business travel and operations
- Maintaining a culture of inclusion
Mitigation Strategies
- Actively pursuing further reductions through more efficient use of energy in buildings, requiring virtual meetings where possible and raising awareness of the impact of travel to employees
- Focusing on recruitment, development & progression, and retention initiatives to maintain a diverse and inclusive workforce
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: MSCI ESG Ratings
Certifications: ISO 14001:2004, OHSAS 18001
Awards & Recognition
- 2019 Fierce Innovation Award
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:100% (manufacturing)
Total Energy Consumption:Not disclosed
Water Consumption:3.51 million gallons
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 6th consecutive year purchasing wind renewable energy credits to match 100% electricity in manufacturing
- Zero notices of environmental violations with fines since becoming a publicly traded Company in 2016
- Established Compudopt™ partnership to reuse and donate end-of-life Company computers to under-resourced families and individuals
- 14 percent decrease in water consumption at manufacturing facility
Social Achievements
- Launched Employee Stock Purchase Plan for U.S. employees
- Achieved ISO 27001 certification for information security management system
- Established Commitment to Supplier Diversity and had a 6-fold increase in 2023 spend among certified diverse suppliers compared to 2022
- Established 2nd employee resource group — DFIN MINDS — which is focused on employee mental health
- 100% employee completion rate for compliance training
Governance Achievements
- Amended Company by-laws to comply with SEC’s universal proxy rules and provide clarity for shareholder nominations
- Zero monetary losses as a result of legal proceedings associated with professional integrity
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Refine estimation of the Company’s climate profile in 2024
Environmental Challenges
- Climate change poses physical risks such as extreme weather events and transitional risks as economies and society adapt
- Cybersecurity threats
Mitigation Strategies
- Company’s successful transition to a tech-enabled SaaS business with a mostly remote workforce, reducing reliance on fixed assets and commuter travel
- Investment in technology and employee training to improve IT infrastructure and safeguard against cyber threats
- Implementation of key cybersecurity controls such as MFA, endpoint detection and response, secure backups, and regular penetration tests
Supply Chain Management
Supplier Audits: Assessments issued to 31% of supply base in 2023
Responsible Procurement
- Commitment to Supplier Diversity
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Climate-related regulations
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SASB
Certifications: ISO 27001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Newsweek’s Top 100 Most Loved Workplaces
- Built In Best Place to Work