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Patricia and Mark add a new dimension of diversity to our Board and bring a wealth of expertise in corporate responsibility areas including DE&I, environmental affairs and governance.
Each director stands for election annually and, every year, the Board elects our Lead Independent Director and evaluates the role’s scope and nature to ensure it has robust responsibilities.
All individuals and organizations in the Omnicom supply chain must follow our values by operating ethically and complying with the Code, which covers fundamental principles of how we do business – ranging from human rights and workplace safety to environmental responsibility and risk management.
Report Omnicom’s approach to corporate responsibility is built upon our long and enduring commitment to diversity, equity and inclusion, environmental stewardship, a culture of ethics and sound corporate governance.
The report is organized to reflect our four focus areas: People, Community, Environment and Governance.
In this report, and online at csr.omnicomgroup.com, we have included a select number of case studies from our diverse network of agencies to characterize Omnicom’s commitment to relentlessly drive progress in our workplace, our communities and the environment.
The constructive feedback we received from shareholders, which often included corporate responsibility topics such as diversity, equity and inclusion and environmental sustainability, is shared with and discussed by the full Board of Directors on a regular basis.
Omnicom is committed to promoting greater environmental responsibility and regularly reports on environmental performance throughout our operations.
Omnicom’s Environmental Policy outlines our approach to minimize our impact by encouraging our companies to consider their environmental footprint in terms of conscious design of office space, energy efficiency, travel and commuting, procurement, and recycling and waste management.
For more information on our commitment to environmental sustainability, see the Environment section of this report.
Omnicom operates in an increasingly complex global environment, and our commitment to the highest ethical standards in the communities where we do business is outlined in our Code of Business Conduct.
General Disclosures to adopt and make recommendations to the Company’s Code of Business Conduct, which includes economic, environmental and social topics.
Proxy Statement, Pages Omnicom’s leadership team oversees economic, environmental, social and governance initiatives.
Senior management (see General Disclosure discusses economic, environmental, social and governance topics during shareholder engagement meetings conducted annually.
2021 CR Report, Page 43 (Global GHG Emissions (MTCO2e) 2021 10-K, Pages F-24-F-25 (Defined Benefit Pension Plans) Partially reported: The majority of our senior management at the Omnicom holding company level are hired from the countries they work in.
We believe that these statistics, and the diversity of our Board with six of ten director nominees being women, four being African American and one being Latina, clearly reflect the value Omnicom places on workplace diversity and the strength of its efforts to promote professional opportunities for women and diverse individuals.
The forward-looking statements in this Report and the materials or websites cross-referenced concern the Company’s goals or expectations with respect to corporate responsibility, sustainability, employees, environmental matters, policy, procurement, philanthropy, data privacy and cybersecurity, and business risks and opportunities.
It is the goodwill of human nature that is predisposed to helping others.
To attract and retain the top talent, we seek to deliver a leading employee experience by fostering a culture of inclusion and an environment where everyone feels their input is valuable, can do their best work, and can exceed their potential.
We view our focus on environmental sustainability, social responsibility, and good governance as an important consideration to our value-creation strategy, which delivers benefits to our shareholders.
our values | OUR ENVIRONMENTAL SUSTAINABILITY FOCUS environmental sustainability focus Korn Ferry is committed to environmental sustainability.
We completed our first annual GHG inventory in 2017.
Since that time, we have engaged an independent third-party auditor to verify our GHG inventory process annually.
We also continue to enhance our monitoring and disclosure of GHG emissions as an important foundation for our environmental sustainability program.
the emissions our people generate through workplace electricity use and when traveling on client matters.
reporting on our which are generated through purchased electricity and heat usage across our global office footprint.
approximately equivalent (“MTCO2e”), with almost 60% of these emissions (approximately 5,700 metric tons) from electricity consumption in our offices.
Comparing emissions, we were also able to reduce such emissions by approximately 650 MTCO2e, or a 5% year-over year reduction.
In everyday terms, this reduction is estimated to be equivalent to carbon dioxide emissions from million gallons of gasoline consumed or approximately 4.8 billion smartphone charges.
( reduction in Scope 3 business travel emissions from 2019 to 2020 13% 90% 1 Estimation based on the Environmental Protection Agency’s GHG Equivalencies Calculator.
For transparency purposes, we are presenting two alternative methodologies for calculating Scope 2 emissions.
These are not additive, and any narrative discussion of the Company’s Scope 2 emissions is based on the market-based approach.
Scope new 2020 methodology for calculating and verifying emissions, which now includes refrigerant emissions.
Our our global office footprint, and we expect it will continue to do so over the coming years, including targeted reductions in the amount of space that we occupy.
Where we can, we intend to use our influence to collaborate with real estate providers to incorporate energy efficiency and renewable energy into our selection criteria for future office space and/or renewals of existing office space.
As of December total square feet were in leased properties that are certified to green building standards such as LEED and/or BREEAM.
megawatt-hour (“MWh”) of electricity was generated and fed into the grid from an eligible renewable source.
In renewable energy projects from around the globe.
In addition, our portfolio of EAC investments now covers a broad spectrum of renewable sources that include wind, solar, and hydro projects.
is being delivered more efficiently and by systems that are increasingly powered by renewable energy.
For bulkier used computer equipment such as monitors, keyboards, and docking stations, we make use of e-waste recycling programs within certain of our office locations to dispose of equipment in a responsible manner.
a customized one-year environmental sustainability learning program for Korn Ferry colleagues in Mexico.
Monthly sessions covered topics such as waste reduction, recycling, and water conservation.
In July and Peru participated in the global “Plastic Free July” movement, which aims to reduce single-use plastic to combat plastic pollution worldwide.
Colleagues focused on building awareness within their office communities about the damaging effects of single use plastic on the environment and challenged one another to take simple steps to reduce waste in their lives.
One challenge, “botellas de amor,” involved colleagues putting plastic wrappers and other small plastic waste into single-use water bottles.
across levels within our organization who are passionate about environmental sustainability.
The Advisory Committee prioritized nature-based projects in each of Korn Ferry’s four regions.
Conservation, Colombia Local community members take notes while participating in one of the Darién Forest Conservation project’s training workshops.
In coordination with indigenous and Afro-Colombian community groups who own the land, the project aims to prevent deforestation through a combination of forest protection and sustainable development activities.
Working with local communities, the project seeks to reduce community dependence on unsustainable timber extraction and agricultural practices by providing individual property titling, training, and workshops to develop new skills and capacity.
Climate Action: The project delivers emission reductions to take climate action.
The project aims to reforest Lower Mississippi Alluvial Valley, an area that was once covered by 22 million acres of dense forest.
As a result of sustained deforestation and agricultural land-use conversion over the last this forest remains.
Sustainable development benefits include:    Life on Land: Reforestation helps protect against hurricane and flood damage, controlling soil and nutrient runoff.
The forestland is also a vital habitat for numerous plant and animal species.
Conservation, Indonesia As part of the Peatland and Forest Conservation project, basket weaving provides a source of income to local community members.
This project seeks to protect and restore peatland ecosystems by working closely with local people to build sustainable sources of income and deliver health and education programs.
Its goal is to prevent the deforestation caused by the creation of plantations for trees such as palm oil and acacia, a tree that is commonly used for flooring.
trees through forest clearance, or draining and burning of the underlying peat, would release the large carbon and methane stored by the area as well as destroy its rich biodiversity.
Carbon revenues from the Kulera Forest Protection and Cookstove Distribution project were reinvested to purchase bicycles for the local community.
Through the combination of forest protection and the distribution of clean cookstoves, this project in Malawi is using carbon finance to deliver significant emission reductions, protect an important area of biodiversity value, and address the health risks of indoor air pollution.
The project is targeting the conservation of approximately with 45,000 households to reduce fuelwood use, develop sustainable livelihoods, increase community resilience to climate change, and promote biodiversity.
work is increasing agricultural output and resilience to climate change while reducing hunting pressures.
be at a negligible risk of experiencing material financial impacts from ESG factors.
For the past five years, Korn Ferry has responded to the CDP Climate Change survey, reporting on our GHG emissions and broader practices related to climate change.
We received a Management level rating for our 2020 emissions and climate-related practices.
This rating recognizes Korn Ferry for taking coordinated actions on and having a strong awareness of our climate change impacts and opportunities as well as managing them effectively.
EcoVadis is an independent industry standard for evaluating and rating how well a company has integrated environmental, social, and ethical principles into its business practices.
EcoVadis uses a stringent methodology covering numerous criteria across categories including the environment, labor and human rights, ethics, and sustainable procurement.
who are making an impact across a range of sustainability topics including racial equality, decarbonization, and renewable energy.
We believe internal career mobility is important for our business growth because it impacts our ability to attract and retain the best talent.
designed to help participants gain insight into aspects of leadership critical for today’s business environment, such as leading with empathy, compassion, and understanding.
environment where our colleagues can be engaged and feel connected with Korn Ferry and with each other.
As we continue our journey to broaden understanding of each other’s diversity, we strive to be intentional about celebrating our differences and creating platforms for employees to share more of themselves.
We value this diversity and believe that it makes us stronger, smarter, and more agile and innovative.
4% 452021 ESG REPORT 44 2021 ESG REPORT | OUR COMMITMENT TO DIVERSITY, EQUITY, AND INCLUSION 4 As of December 31, 2021.
The program is designed to build thoughtfulness about diversity into how we use the firm’s resources and how we engage with our suppliers.
We are evaluating our diversity spend within our supplier base and striving to increase it.
The program is made possible by the financial and resource support of Korn Ferry, which includes delivery of live virtual classes and personal coaching.
Various members of senior management periodically report and present to the Board on risk mitigation measures related to business continuity, disaster recovery, and the key risks facing the Company.
for Contractors and Vendors describes our expectations for our contractors and vendors, including a commitment to high professional standards, ethical conduct, and a work environment that respects fundamental human rights in their business dealings with Korn Ferry and otherwise.
We focus our human rights efforts on areas most relevant to our business and operations regarding potential human rights impacts.
For us those areas are Better Health, Diversity and Inclusion, Climate Action and Giving Back – our fundraising and volunteering programmes.
These show how serious we are about reaching our goals: incorporating emissions reductions into senior leader bonus payments and into our future debt financing arrangements.
We will also be pushing for further progress as we enter the second year of our Diversity Acceleration Plan and in terms of our impact on the planet, Climate Action continues to be a major focus for the business.
Focus ITV’s Social Purpose has four focus areas: Better Health, Diversity & Inclusion, the Climate Action and Giving Back.
We measure our progress against these targets through extensive research commissioned from YouGov and other partners, regular board-level scrutiny of diversity and inclusion data alongside new wide-scale data-gathering processes for environmental data.
It also directs people to sources of mental health support and information.
Flexible working Smart Working continues to enable colleagues to balance work and life during uncertain times, and while operating in a hybrid environment.
By championing diversity across ITV, including ways of thinking and working, we can generate the best creative ideas.
In July we set out how we’ll build on the plan going forward, including ramping up efforts to improve disability inclusion and socio-economic diversity.
Highlights on-screen A year on from launching our Diversity Acceleration Plan, we’ve seen a increase in lead roles filled by Black, Asian and Minority Ethnic talent onscreen.
We have much further to go, and the new commitments in our Diversity Acceleration Plan set out how we are prioritising disability inclusion.
Reducing emissions we control by and those we can influence by 28% by 2030.
Supporting ITV’s long-term resilience to the rapidly changing environment is integral to my risk management role, especially given the increase of extreme weather events and far-reaching consequences of transitioning to a low-carbon economy.
In Ecometrica, a data platform that delivers a more accurate and immediate picture of the carbon emissions that we control.
New Net Zero standard We also raised the bar for our Net Zero ambition by committing to set additional long-term emissions reduction targets aligned with the new standard for Net Zero published by the Science-Based Targets Initiative.
We’ll build on our existing targets of reduction of our scope 1 & 2 emissions and 28% of our scope 3 emissions by 2030 by setting new longer-term targets for a minimum of 90% reduction of our full footprint by 2050 at the latest.
We’ll also invest in carbon sinks to remove the equivalent of any residual emissions and achieve Net Zero.