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This approach has been instrumental in achieving a from 2019 to 2021.
Moreover, with fewer employees regularly working at the office, we have reduced our consumption of paper, energy and water.
Additionally, more than virtual, which contributed to our overall energy reduction since 2019.
— Eco-Friendly Office Spaces: As of December our employees were assigned to LEED-certified (or equivalent) buildings.
Moreover, our largest office in London’s environmental management system (“EMS”) is ISO 100% renewable energy and is 100% climate neutral.
Approximately energy, a figure we seek to significantly increase in the coming years.
Furthermore, we leverage energy efficiency measures, such as LED lighting and Energy Star® certified appliances, in new office build-outs and existing office operations where possible.
In our New York City office, opened in Star® certified appliances made a significant impact on our energy reduction compared with similar offices.
Commercial Opportunities: FTI Consulting recognizes that there are multiple climate-related opportunities to serve as a trusted advisor for our clients, particularly as both public and private companies across industries have increasing demand for advisory services in low-carbon energy, mobility and sustainability more...
This is driven by climate-related interests, stakeholder engagement, and/or policy and regulations.
strategic, technical, financial, reputational, customer and regulatory challenges on their energy transition journey.
Our Clean Energy and Energy Transition professionals have helped clients across the power, industries, mobility and other sectors navigate the energy transition by combining our global footprint and core competencies in corporate finance, economic and strategic communications with deep industry expertise in power, rene...
Our environmental commitment spans both operational and commercial opportunities.
We take great pride in furthering progress to reduce operational implications on natural planetary systems.
As we conduct business at the firm, we seek to include consideration of the opportunities noted above in our strategic and financial planning process.
We also regularly assess our approach, our talent expertise and budget allocation in the development of our short- and medium-term efforts.
As a firm, we have a proven track record of evolving to mitigate risk and leverage market opportunities while continuously serving as a trusted advisor to our clients.
We believe FTI Consulting is strongly positioned to progress our operations and advise clients on their transition to a low-carbon economy, as well as help them focus on social issues, including human capital management, diversity, inclusion and belonging, safety and wellness, employee health and community engagement.
Several of our teams and offices spearheaded initiatives to raise awareness of global reforestation efforts.
In Australia, for more than six months during across the country.
Across many other countries, deforestation harms wildlife habitat, increases GHG in the atmosphere, causes soil erosion and much more.
Several of our teams and offices developed initiatives in support of critical forest, woodland and coastal land reforestation efforts around the world.
OUR ROLE Throughout the year, professionals spanning several regions ran inclusive and interactive campaigns through the company’s Corporate Citizenship Program: — Across our Australia offices, professionals selected tree reforestation as the focus for their Earth Day campaign, donating one tree for every business-rela...
While there was minimal travel in closures, this is an ongoing annual commitment that is expected to continue.
— FTI Consulting’s Technology segment in the Europe, Middle East and Africa region (“EMEA”) launched a holiday drive during 2021’s Giving Tuesday to raise funds for the organization One Tree Planted.
Furthermore, when moving locations to our largest New York City office, in addition to creating a space that reflects FTI Consulting’s commitment to net-zero greenhouse gas emissions by Natural Capital Partners’ Million Mangroves Project to plant one mangrove tree in threatened coastal areas around the world for every ...
Mangroves are estimated to store up to four times more carbon than rainforests, and their dense root systems help stabilize the coastline from storms and erosion.
OUR IMPACT Through the collective efforts of our offices and through funds raised by more than FTI Consulting supported the planting of over 8,950 trees in 2021.
These efforts helped Australia recover forests affected by the wildlife, draw down carbon from the atmosphere and contribute to fighting climate change globally.
In New York alone, more than office at 1166 Avenue of the Americas in November 2021.
FTI Consulting’s support of One Tree Planted and similar reforestation efforts has continued into through a number of global initiatives.
“Australia’s bushfires were so devastating and confronting that even the most hardened Aussies were brought to tears.
The sheer scale and level of destruction the fires left behind scarred our landscape and opened our eyes and our hearts.
While our land recovers — as it always does — FTI Consulting is lending a hand by supporting One Tree Planted.
FTI Consulting has limited risk implication on our direct operations.
Despite the limited risk, FTI Consulting includes climate-related risks in its ongoing risk monitoring and reporting processes.
A formal report is presented to our Board of Directors on an annual basis, and notable developments are provided more often as appropriate.
FTI Consulting audits ongoing operational risks using a risk matrix illustrating the likelihood of occurrence and potential severity.
The risks are indexed for leadership by significance and addressed accordingly.
This validation provides assurance our net-zero strategy is consistent with climate science and in accordance with the Paris Agreement.
Furthermore, the firm is guided by our Environmental Responsibility & Climate Change Disclosure Policy and Travel Policy.
We prioritized business travel as it is a category where the firm can make substantial impact.
A collection of steps contributing to our net-zero goals below are detailed in the previous “Risk Management” section.
Additionally, FTI Consulting intends to continuously assess and improve our strategies to meet our net-zero and forthcoming science-based targets.
FTI Consulting is committed to the following reductions against our — Reducing our Scope 1 emissions by 50% — Reducing our Scope 2 emissions by 50% per employee, including contractors* — Reducing our Scope 3 emissions from business travel by 50% per employee, including contractors* 1 2020 and 2021 GHG emissions are sig...
Scope 3 emissions are indirect emissions from sources that are not owned or operated by FTI Consulting but are related to business activities, such as employee business travel.
This category includes emissions associated with business travel only (air, car, rail, hotel) as per travel agency data.
For more details on the methodology utilized for these environmental impact calculations, click here.
* “Per employee” refers to FTI Consulting’s total headcount as reported in our Form of each calendar year, and contractors as of December 31 of each calendar year.
As more companies begin their transition to net-zero GHG emissions, they are increasingly incorporating carbon credits, a credit that represents one ton of carbon dioxide removed from the atmosphere, into their carbon-neutral pathways.
FTI Consulting’s Strategic Communications segment in London was engaged on a pro bono basis by the Steering Committee of the UK Voluntary Carbon Markets Forum.
The Steering Committee’s objective was to create the Core Carbon Principles, which would bring forth high-quality, consistent and transparent standards to the global supply of carbon credits.
OUR ROLE FTI Consulting worked with the Steering Committee to submit an expression of interest to secure key roles on the new global governance body created to drive forward the primary mission of scaling high-integrity voluntary carbon markets.
This included the Corporation of London being a founding sponsor and The Green Finance Institute being an integral part of the Executive Secretariat, which will support the Board of Directors’ delivery of the Taskforce’s vision of high-quality, high-integrity VCMs.
Additionally, FTI Consulting became an active member of the Steering Committee and led the design and direction of its strategic communications plan, which helped the committee share its strategy at the 2022.
In addition to supporting the Steering Committee’s communications, FTI Consulting acted as the Committee’s key point of contact for global media inquiries.
OUR IMPACT FTI Consulting helped position its London office as a leading global green finance center.
Furthermore, the team’s work has helped shape the global VCM debate, which positioned the topic as a key theme at the Glasgow.
FTI Consulting recognizes that although our work is helping to create quality standards for VCMs, which will be a cornerstone in the global climate response, there needs to be continual education on VCMs and their benefit.
“Quality and transparent VCMs are emerging as a cornerstone in the global climate response.
FTI Consulting worked directly with senior players in both the private and public sectors in the city of London to shine a light on a critical part of the sustainability agenda.
As mentioned earlier in this Environmental section, we strive to use resources within our operations as efficiently as possible.
At FTI Consulting, we manage our environmental impacts as part of our sustainability considerations within our broader business strategy.
Energy efficiency, GHG emissions reduction and sustainable waste management inform our sustainability initiatives — from offices in LEED-certified (or equivalent) buildings and energy efficiency measures for our office build-outs, to waste diversion efforts and our company-wide emission reduction efforts as part of our...
Furthermore, we have implemented stringent guidelines for materials purchased for new office spaces.
Guidelines consider GHG emissions, air quality and pollutant source controls.
(e.g., carpets, paint, flooring) and office furniture must pass rigorous testing to confirm that the volatile organic compound (“VOC”) levels are compliant with local air quality and emissions regulations.
This evaluation also considers the manufacturing life cycle of materials in the context of the waste and carbon emissions generated in delivering the final product, such as minimum recycled content in furniture.
As a firm, we believe we have made impressive progress strengthening our resource management.
We consistently strive to evolve our practices, policies and procedures to limit and, where feasible, mitigate our environmental impact throughout our operations globally.
Our efforts are both company-wide, such as the implementation of our net-zero commitment, as well as local, such as exploring eco-friendly cleaning products across our EMEA offices and our London office being powered by renewable energy.
Supplier Standards FTI Consulting is a participant of the UN Global Compact and as part of our Vendor Code of Conduct, we expect our vendors to implement and abide by the same, or similar, standards.
We also expect our vendors to be committed to minimizing any environmental hazards, conserving and protecting natural resources and managing energy use and other resources responsibly.
As a professional services firm, FTI Consulting does not typically generate any hazardous waste.
Therefore, our waste management practices and policies are focused on minimizing the creation of non-hazardous waste, implementing waste diversion practices and participating in recycling programs.
Our e-waste is recycled by a contracted partner.
Since to a minimum of 90% landfill diversion for our office decommissioning projects.
Since making that commitment, we have decommissioned 10 offices, all of which met the target.
At the employee level, we have equipped our office locations with filtered drinking water stations to reduce the use and waste of plastic water bottles.
We also offer designated, well-labeled recycling bins located throughout our offices to encourage our employees to recycle materials when applicable.
Water Usage Given the nature of our business, our operations are not water intensive.
While our impact is minimal, we are committed to water conservation efforts and routinely look for opportunities to reduce water consumption in our offices.
FTI Consulting seeks to be compliant with water quality regulatory requirements as governed by the jurisdiction of each office location.
Moreover, for new office build-outs, low-flow fixtures are utilized where possible to minimize water consumption in restrooms, kitchens and breakroom areas.
We also implement motionsensor sinks in bathrooms when possible.
In signed two 20-year lease agreements with the Ohkay Owingeh, a federally recognized tribe of Pueblo people in New Mexico, for easements to build part of its municipal water system through its federally protected reservation lands.
During this time, the city agreed to pay the Pueblo an annual amount for the use of its land.
After the agreement expired, Española did not obtain renewed lease agreements, despite the Pueblo’s attempts to renegotiate the easements, and eventually found itself in trespass of native lands.
However, for some time Española continued making sporadic and late payments for the easements at the expired rate.
By the city and the Pueblo had ceased, and the city had stopped paying the Ohkay Owingeh entirely.
To bring a lawsuit against the city of Española, Ohkay Owingeh leadership obtained counsel and FTI Consulting subsidiary Compass Lexecon to support the lawsuit as a pro bono case.
OUR IMPACT The Compass Lexecon team helped the Ohkay Owingeh quickly reach a settlement with the city of Española.
The memo submitted by the team demonstrated the considerable harm to Ohkay Owingeh from the failure of the city to renegotiate the leases and enabled counsel to successfully negotiate a satisfactory settlement agreement, which required the city to pay damages to the Pueblo.
“I was delighted that I was able to use my research and analytical skills to assist the Ohkay Owingeh in achieving a positive outcome in a long-standing dispute.
OUR ROLE A team at Compass Lexecon dedicated more than meeting with them and their legal counsel several times.
They analyzed comparable lease agreements entered into by the Ohkay Owingeh and other third parties for use in a damages analysis.
Ultimately, the team submitted a memo to counsel presenting the results of the damages analysis for use in settlement discussions before the court and also for potential use as a starting point for litigation purposes if the matter had not been resolved.
As the world reopened following the COVID-pandemic, FTI Consulting united its New York City (“NYC”) employee base from two former locations into one central office.
This project represented FTI Consulting’s largest office (by square footage) to date, as well as one of the largest NYC office leasesand was rooted in FTI Consulting’s commitment to environmental sustainability As a firm, we are committed to developing a thoughtful and dynamic workspace for our employees.
The design of comprehensive outlook of health — namely the health of our people and planet.