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Our Executive Committee is responsible for briefing the Board on relevant ESG matters such as diversity and climate matters on an annual basis.
These committees include the Environmental Oversight Committee, the Global Reputation Management Committee and the Pro Bono Advisory Committee.
Moreover, FTI Consulting supports global teams dedicated to Diversity, Inclusion & Belonging (“DI&B”), Corporate Citizenship and Talent Development initiatives.
— Oversaw more than in 2021, with a particular focus on partnering with organizations that have a mission to advance diversity, inclusion and justice in the communities in which FTI Consulting does business — Collaborated with clients and partners in the legal community on impactful pro bono engagements totaling more than $4.3 million of pro bono services in 2021, doubling pro bono services provided compared with 2020 — Engaged 28% of employees through participation in FTI Consulting’s Corporate Citizenship Program in 2021, with professionals volunteering more than 5,400 hours to support over 1,200 charitable organizations Environmental Sustainability: Doing our part in addressing climate change and reducing our collective environmental impact.
INTRODUCTION | ENVIRONMENT | SOCIAL | GOVERNANCE | APPENDIX The status of FTI Consulting’s corporate sustainability program and its long-term strategic outlook undergo regular review and assessment.
Our commitment to achieve net-zero GHG emissions by our historic GHG emissions.
This data has informed the company’s specific emission reduction targets for Scope reduction target for Scope 3 emissions from business travel.
The process to set our net-zero commitment has included: — Assessing the risks and costs, as well as the feasibility and benefits, of a long list of options to reduce our GHG emissions — Conducting interviews with FTI Consulting employees and partners responsible for current GHG emissions calculations and disclosure — Collecting energy consumption survey data from FTI Consulting offices — Conducting interviews with energy providers to determine the cost of energy procurement options for our real estate operations By conducting this analysis based on the above and other factors in a deliberate manner, FTI Consulting has been able to evaluate a series of options to ultimately develop a tangible action plan to reach net-zero GHG emissions by continuing to provide expert counsel to our clients.
Monitoring and tracking suspicious financial behavior might provide insight into sources of child exploitation.
Guided by our corporate values and our Environmental Responsibility & Climate Change Disclosure Policy, FTI Consulting regularly seeks to promote environmental sustainability.
As a firm, we aim to bring about a continual improvement in our environmental performance, including the prevention of environmental pollution and the conservation of natural resources.
In our inaugural Corporate Sustainability Report, FTI Consulting committed to reaching net-zero GHG emissions by 2030.
This year, we are pleased to outline the firm’s GHG emissions reduction targets for our Scope business travel on our journey to net-zero.
Our commitment as an environmental steward extends beyond our operations as we engage with clients in developing and implementing their ESG programs and GHG emission reduction strategies.
The ongoing consequences of climate change, such as extreme weather events and biodiversity loss, are made more apparent every year.
FTI Consulting and its professionals are committed to doing our part in addressing climate change and reducing our emissions intensity as we grow.
As a publicly traded company, Bristow wanted to illustrate its ongoing efforts to increase inclusivity and responsible environmental stewardship through its first-ever program implementation and sustainability report.
To that end, we have set forward-looking targets toward our ambition of reaching net-zero emissions by 2030.
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* Furthermore, prior to publishing this report in December 2022, we submitted our letter of intent to SBTi to validate our emissions reduction targets.
FTI Consulting views environmental sustainability as a continuous journey where we aim to foster sustainable business practices and do our part to address climate change while continuing to serve as a trusted advisor for our clients and an employer of choice for our professionals.
This progress is evident in the transformation of our real estate footprint; the disclosure and reduction of our Scope emissions by 2030.
Strategy FTI Consulting regularly seeks to promote environmental sustainability, conserve and enhance natural resources, and prevent environmental pollution.
We seek to be proactive and strategic in managing our environmental impact and related GHG emissions, where feasible.
As a professional services firm, we do not manufacture or distribute physical products, which results in a relatively small environmental footprint compared with most industries.
Nonetheless, the company makes continued efforts to reduce the intensity of its environmental impact through the implementation of an Environmental Plan, which sets out a range of objectives and targets related to its impact on the environment.
The company’s Environmental Plan focuses on the areas of highest impact for our business, including: Real Estate FTI Consulting is focused on occupying building locations that are LEED-certified (or local equivalent), implementing energy and water efficient designs for new office build-outs, utilizing materials that meet stringent guidelines for reduced GHG emissions, minimizing the creation of waste and implementing waste diversion practices regarding office operations per employee.
Energy FTI Consulting is committed to reducing energy consumption per employee, particularly from non-renewable sources, and is increasingly exploring opportunities for renewable sources of energy.
For new offices, we expect to incorporate minimum energy efficiency requirements and sub-metering to closely monitor consumption and implement conservation measures where identified.
Waste FTI Consulting is focused on reducing our environmental impact per employee by minimizing the creation of waste, implementing waste diversion practices and participating in recycling programs.
Travel Recognizing that travel is a necessary part of conducting business, FTI Consulting seeks to proactively monitor our GHG emissions per employee related to air, rail, car and hotels.
We have also implemented travel policies designed to promote travel options that result in lower emissions.
As set out in our Environmental Responsibility & Climate Change Disclosure Policy, FTI Consulting seeks to promote environmental sustainability, to conserve and enhance natural resources and to minimize environmental pollution.
Underpinned by our Environmental Responsibility & Climate Change Disclosure Policy and the firm’s broader approach to risk management, FTI Consulting has processes in place designed to closely monitor the potential impact of climate change, both within our own operations and the potential impact on our clients’ industries that may be affected more directly by climate change-related risks.
As a professional services company, FTI Consulting does not operate facilities that generate high emissions, create hazardous waste or consume high volumes of water.
However, as a global company, we are subject to environmental and climate-related risks.
Nevertheless, we have exposure to chronic physical risks associated with climate change, e.g., rising temperatures, severe storms, energy disruptions and rising sea levels, which could impair our ability to conduct operations from an adversely impacted location or otherwise harm our people, property and equipment.
FTI Consulting also utilizes several remote working technologies, such as a virtual desktop environment, virtual private networks and cloud-based services.
— Technology Risks: FTI Consulting’s primary environmental impact relates to the company’s business travel.
As a result, the use of technology is a crucial component of our strategy to reduce our impact on the environment while continuing to serve as a trusted advisor for our clients.
At a macro level, we do not operate in a high-emissions industry so our operations are typically less affected by pertinent market shifts.
be indirectly affected by the costs for energy offsets, the availability of renewable energy sources or the availability of sustainable travel options.
OPPORTUNITIES In determining opportunities, FTI Consulting routinely assesses our own strategy and policies to minimize our environmental impact.
Operational Opportunities: FTI Consulting continues to review opportunities to reduce our environmental impact per employee by identifying sustainable policies and actions to deliver sustainable value to our stakeholders.
Largely, we have focused our strategies on reducing our per capita environmental impact (e.g., energy, carbon, waste) through the reduction of square footage per employee, which reduces environmental impact per employee as a result of less space occupied.
FTI Consulting is working to divest of owned vehicles and generators, which should eliminate the marginal amount of our remaining Scope 1 emissions.
For our Scope intend to continue focusing on maximizing the efficiency of our office square footage per employee, investing in new technology that promotes energy efficiency and exploring renewable energy opportunities with our buildings’ landlords.
For Scope from business travel, we intend to work with our employees to reduce GHG emissions from travel, such as encouraging employees to conduct client engagements virtually when possible.
Additionally, we are reviewing and updating our travel policy to become more intentional and focused on the reduction of business travel (e.g., flight segments) where possible. — Reducing Operational Consumption: Since reduced our total energy consumption by 29% across our portfolio.
In our largest offices, we conduct annual energy audits in order to identify opportunities for energy conservation projects.
Furthermore, our hybrid work model has supported the firm in reducing our consumption of energy and resources.
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.
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 broadly.
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, renewables and mobility.
Our environmental commitment spans both operational and commercial opportunities.
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.
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.
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 New York-based FTI Consulting professional.
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.
Furthermore, the firm is guided by our Environmental Responsibility & Climate Change Disclosure Policy and Travel Policy.
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 significantly lower as a result of lower employee office utilization and lower business travel demand due to the ongoing COVID-19 pandemic and related restrictions (i.e., travel restrictions, social distancing requirements, etc.).
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.
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.
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.
OUR IMPACT FTI Consulting helped position its London office as a leading global green finance center.
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 net-zero commitment.
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.
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.
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.
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.
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.
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.
Beyond visual design, selecting a space for our new office included careful consideration on a number of features, such as audio acoustics, volume of waste and the accessibility of public transportation.
FTI Consulting and its employees to reduce our environmental footprint by way of pollution reduction and land use change effects.
In consolidating the former NYC offices, the firm was deliberate in prioritizing waste management to align with our commitment to a minimum of office decommissioning projects.
At the same time, over office finishes are “cradle-to-cradle” certified, which distinguishes a product that can be fully recycled at the end of its life cycle for the lowest environmental impact.
This procurement allows us to proactively manage our future waste.
That commitment is reflected across its design, from the environmentally responsible building materials and finishes to the natural lighting, air quality and efficient systems.