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Executive compensation at Omnicom and its agencies are determined, in part, by how well we fulfill them.
Making authentic and enduring changes to our culture takes all of us, especially in an established company like Omnicom.
Strengthening our culture requires engagement, resolve and buy-in throughout the organization.
We see collaboration as a framework to advance our DE&I initiatives effectively and efficiently.
To embed DE&I principles in the beginning of a client relationship, we created our Inclusion from the Start framework.
We built this initiative to elevate the right voices, provoke new thinking and challenge the status quo.
We are currently collaborating with consumer goods giant P&G and The Valuable to audit their customer journeys, identify the barriers and optimize them to be more inclusive of people with disabilities.
OMNICOM UNIVERSITY Omnicom University is a preeminent management and leadership program, with curriculum based on the Harvard Business School case study method and led by professors from Harvard Business School and the IESE Business School in Spain.
Senior Management Undergraduate and Graduate Programs (SMP) – SMP is an invitation-only, two-year commitment for the most senior executives in the company.
Students attend a six-day Undergraduate Program focused on leading-edge management thinking, followed by a four-day Graduate Program one year later.
Senior Management Postgraduate Program – A four-day Postgraduate Program is offered to SMP graduates to reinforce concepts and build upon the enthusiasm experienced in the original SMP program.
Advanced Management Program (AMP) – AMP is a three-day immersive training experience for future leaders and rising stars throughout Omnicom that teaches the core principles of managing a professional service firm.
Participants tackled organizational challenges with the help of their peers, senior mentors, and a variety of high caliber internal and external speakers.
With and 25 speakers, OMG Accelerate is uniquely designed to equip participants with the skills and network required to lead the agency of the future.
This initiative, combined with the agency’s hybrid work policy that allows employees to work from home for part of the week and set working hours best suited for their schedules, offers employees more flexibility than most advertising agencies in Korea.
Rewriting the internet to be more gender inclusive To make the way organizations collect gender data online more inclusive, Clemenger Group worked with OutLine, an all-ages rainbow mental health organization in New Zealand, and nonbinary communities to create the Beyond Binary Code.
Part of a broader resource to educate businesses on gender inclusivity, the single piece of code automatically updates a website’s data fields with inclusive gender options so that all users can be seen and valued.
In preparation for the United Nations’ renewed focus on the global education crisis at the United Nations General Assembly in September of the crisis.
Porter Novelli supported with strategic communications counsel to help launch a U.S. wide competition identifying cities wanting to demonstrate their innovation and commitment to youth skills.
Changing Our World, an Omnicom nonprofit and philanthropic consulting firm specializing in fundraising, corporate social engagement, and research and analytics, assisted with strategic consulting for private sector and foundation fundraising to advance Theirworld’s mission of ending the global education crisis.
Additional support across our global agencies in BBDO produced a short film voiced by actor David Tennant to highlight the critical issue of education inequality ahead of the G7 and G20 summits.
RAPP helped Theirworld audit their social media and website data and shared strategic recommendations on maximizing their digital footprint and developing audience-specific content.
Our global planning standard, which includes Leadership in Energy and Environmental Design (LEED®) principles, guides our building and retrofitting activities.
In accounting for 21.5% of total electricity, compared to 19.2% of total electricity in 2020.
Standard Chartered is the bank of emerging markets, connecting East and West for over 160 years.
To help encourage countries and businesses to accelerate their transition to carbon neutrality, TBWA\Singapore helped Standard Chartered launch a new film that demonstrates the impact of carbon, highlights the bank's commitment to tackling carbon emissions and outlines how the bank helps its clients finance a transitio...
Governance At Omnicom, we are committed to regularly reviewing and strengthening our corporate structure and policies.
Guided by their expert and diverse points of view, we are committed to maintaining the highest ethical standards and oversight across our networks and agencies.
This diversity has been facilitated, in large part, by prioritizing Board refreshment to ensure a balanced mix of perspectives, institutional knowledge and strong oversight.
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.
Our of whom are women, four of whom are African American, including our Lead Independent Director, and one who is Latina.
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.
Our Code of Business Conduct underscores our commitment to upholding the highest ethical standards.
The Code comprises our values, beliefs and policies that all Omnicom employees agree to uphold – regardless of level or location.
The Code carries over and applies to our contractors, vendors, Board of Directors and everyone else who represents Omnicom.
With an enhanced Code of Business Conduct rolled out across the Omnicom network in 2018, we then achieved our goal to establish business ethics and antibribery training for our full-time, regular employees worldwide in 2020.
Discussing with a supervisor or senior manager, the agency or network financial manager or the agency or network legal department.
Contacting Omnicom’s Legal Department by email or mail.
In to formalize our long-standing practices and provide oversight to the very limited number of political contributions our agencies may make from time to time.
The policy governs Omnicom’s consideration and approval of political activities in the U.S., including political contributions at the federal, state and local levels.
Our disclosures related to U.S. political contributions and payments to U.S. trade associations is available on our Corporate Governance website.
SUPPLIER CODE OF CONDUCT After finalizing our Supplier Code of Conduct in detailing the high standards we expect from those who provide goods and services to us.
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.
ANTI-BRIBERY TRAINING To ensure every Omnicom employee reflects the ethical standards set by our leadership team, we introduced robust anti-bribery and anticorruption training in 2021.
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.
This report provides a high-level overview of Omnicom’s corporate responsibility commitments, activities and progress in includes some anecdotal information from early 2022.
The report is organized to reflect our four focus areas: People, Community, Environment and Governance.
In developing this report, we consulted various global reporting frameworks – including the Global Reporting Initiative (GRI) Standards and GGlobal Compact (UNGC) and the UN SDGs – and internal and external stakeholders to determine relevant material topics.
We also relied on previous conversations with some of our largest shareholders, as well as NGO partners, clients and investors, to solicit feedback on our recent corporate responsibility reports.
These interviews informed our reporting strategy and provided further stakeholder input into our corporate responsibility efforts.
As part of our regular governance efforts, we reached out to shareholders holding every shareholder who accepted our invitation for engagement.
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’s commitment to support and respect human rights is embodied in our Human Rights Policy, Code of Business Conduct and Supplier Code of Conduct.
The Code of Business Conduct covers our commitment to comply with all laws of the places where we do business, our prohibition against insider trading, our duty to advance our employer’s legitimate interest and our commitment to equal opportunity.
Our Supplier Code of Conduct holds our vendors to the same high standards we hold ourselves.
The Human Rights Policy, Code of Business Conduct and Supplier Code of Conduct are available on our Corporate Governance website.
For more information on our commitment to respecting human rights, see the Governance section of this report.
Omnicom’s directors, officers and employees are required to comply with our Code of Business Conduct, which sets the foundation for how we should do business on a day-to-day basis.
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.
ANTI-CORRUPTION Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
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.
For more information on our commitment to ethics and compliance, see the Governance section of this report.
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.
Partially reported: U.S. Political Contributions Policy Various Omnicom agencies are doing positive work in this area.
Advertising and Marketing Standard, Version Disclosures and metrics cover calendar year 2021, unless otherwise indicated.
Discussion of policies and practices relating to behavioral advertising and consumer privacy Percentage of online advertising impressions that are targeted to custom audiences Total amount of monetary losses as a result of legal proceedings associated with consumer privacy Omnicom has a number of affiliates engaged in ...
At other times, Omnicom and its subsidiaries use industry standard providers to do so on Omnicom’s behalf, such as Facebook, Google, numerous demandside platforms and other providers.
Omnicom and its subsidiaries take privacy compliance very seriously and have ingrained it into the company’s culture.
Each Omnicom subsidiary maintains a thorough privacy policy, including the following: https://omnicommediagroup.com/privacy-notice/ and https://www.annalect.com/privacy/. Such policies and Omnicom’s behavioral advertising practices are regularly reviewed to stay on top of new legal requirements and prevailing industry ...
Omnicom’s aim is to help its advertiser clients achieve their goals by serving the right advertisement at the right time to the right audience.
Total amount of monetary losses as a result of legal proceedings associated with false, deceptive or unfair advertising Percentage of campaigns reviewed for adherence with the Advertising Self-Regulatory Council (ASRC) procedures, percentage of those in compliance Percentage of campaigns that promote alcohol or tobacco...
Such proceedings may involve allegations that the advertising at issue is false, deceptive or misleading.
There have been no material monetary losses incurred by Omnicom as a result of legal proceedings associated with allegations of false, deceptive or unfair advertising.
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 o...
The Company undertakes no obligation to update any forward-looking or other statements, whether as a result of new information, future events, or otherwise, and notwithstanding any historical practice of doing so.
In addition, historical, current, and forward-looking sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future.
The information included in, and any issues identified as material for purposes of, this document may not be considered material for Securities and Exchange Commission (“SEC”) reporting purposes.
In the context of this Report, the term “material” is distinct from, and should not be confused with, such term as defined for SEC reporting purposes.
As a global organizational consulting firm of more than play, the example we set, and our responsibility as a corporate citizen.
Leaders need to lead differently, and companies need to respond accordingly.
Corporate responsibility provides us with important opportunities to change lives.
In these ways, we believe Korn Ferry can have the most impact for our internal and external stakeholders.
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 also engage with our clients to share and collaborate on initiatives and contribute to a culture of sustainability.
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.
We help them to hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers.
We know how to ensure organizations have the right talent with the right capabilities to ignite their business strategy—whether it’s growth and innovation, globalization, or transformation.
reporting on our which are generated through purchased electricity and heat usage across our global office footprint.
Korn Ferry has elected to follow recommended best practice and include a radiative forcing uplift factor in our calculations of air travel.
Because we lease our offices globally, we do not have direct control over the electricity purchasing decisions for those buildings.
The decision to embrace a digital signature solution resulted in almost recipients not printing nearly 863,500 pages for calendar year 2021.
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.
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.
ESG and sustainability strategy While this Report focuses on our internal ESG initiatives and actions, our impact is not solely internal.
We work with organizations to adapt people and governance processes, culture, and operating models so our clients can fully realize their short- and longer-term goals.
Early-career recruitment program participants generally learn about the end-to-end talent acquisition process and talent management consulting methodologies.