Heidrick & Struggles Announces Launch of Inaugural 2020 ESG Report
PR89012
CHICAGO, April 15, 2021 /PRNewswire=KYODO JBN/ --
-- Furthering its sustainability commitment, Heidrick & Struggles has joined
with Indigo Ag to offset emissions through agricultural carbon credits and to
catalyze change through its partnership
Today, Heidrick & Struggles (
) (Nasdaq: HSII), a premier provider of global leadership advisory and
on-demand talent solutions, launched its inaugural 2020 ESG Report (
) to outline its efforts and disclose progress across environmental, social and
governance initiatives. In tandem, Heidrick & Struggles announced its
partnership with Indigo Ag (
), an agtech company dedicated to harnessing nature to help farmers feed the
planet sustainably, to work closely together to begin addressing the firm's
carbon emissions, further strengthening its commitment to developing a
sustainable business model and setting a plan for its carbon removal efforts.
"Today, Heidrick & Struggles is the first in our industry to issue a
comprehensive ESG report, providing an in-depth look into our sustainability
efforts, while also outlining a firm commitment to offset our carbon impact,"
said Krishnan Rajagopalan, President and CEO, Heidrick & Struggles. "We are
proud to share the progress we have been making on our ESG initiatives through
the work and investments we have undertaken to reduce our environmental
footprint, advance diversity and inclusion and innovate across our business to
drive an increasingly sustainable business model for the future."
As part of the collaboration with Indigo Ag, Heidrick & Struggles will work to
produce fundamental change in the industry and raise the profile of
environmental sustainability and consumer health with both employees and
clients. Indigo Ag's model is unique among carbon offset projects. Through its
Indigo Carbon program, the company offers technical and agronomic support for
farmers adopting cultivation methods proven to improve soil health, reduce
emissions and sequester carbon dioxide. Indigo Carbon quantifies and monitors
the impact of these practices at scale to generate nature-based offsets that
adhere to the highest industry standards for measurement, reporting and
verification. As part of its ongoing partnership, Heidrick & Struggles will
begin purchasing verified carbon offset credits, which will increase through
the coming years, offsetting at least 45% of its 2019 carbon emissions by 2023.
"We're excited to partner with Heidrick & Struggles, whose demonstrated
leadership spans various industries and has wide-reaching ability to impact
decision-makers invested in combatting climate change and to help realize
agriculture's potential as a part of the solution," said Ron Hovsepian, CEO of
Indigo Ag. "Through this partnership, Heidrick & Struggles is setting a new
standard for sustainable business by directly financing farmers' efforts to
make beneficial farming practices the norm, not the exception."
Referencing both Global Reporting Initiative (GRI) and Sustainability
Accounting Standards Board (SASB) frameworks, the newly-released report delves,
in-depth, into Heidrick & Struggles' commitment to serving client needs,
leading on diversity and inclusion, supporting its employees and communities
and prioritizing environmental sustainability.
Key highlights from the report include:
Diversity & Inclusion
-- 37.5% of the firm's Board of Directors are women, and 25% are people of
color
-- 50% of the CEO's direct reports are diverse
-- In 2020, launched global Diversity & Inclusion Practice (
), integrating its executive search and leadership consulting capabilities to
deliver comprehensive D&I strategies designed to increase diverse
representation and build and develop inclusive organizations
-- Also in 2020, at the Board of Director level, 61% of the firm's U.S.
placements were diverse; globally, more than 60% of the firm's initial proposed
Board candidates were diverse, exceeding its Board Diversity Pledge (
)
Philanthropy and Charitable Giving in 2020
-- Donated more than $57,000 to COVID-19 relief efforts
-- Donated roughly $340,000 to charities worldwide
-- Completed over 1,000 hours of pro-bono work
Environmental Sustainability
-- Committed to begin offsetting the firm's carbon through the purchase of
carbon offset credits through Indigo Ag, starting in 2021
-- Instituted a new Supplier Code of Conduct, which address expectations around
protecting the environment, including: complying with all environmental laws
and regulations where the firm operates, minimizing environmental impact of
operations where possible and establishing targets and measuring progress
toward established environmental goals
-- In 2019, established a Global Sustainability Office, a centralized hub for
gathering best practices and providing search services for Chief Sustainability
Officers
"Our ESG Report reflects Heidrick & Struggles' commitment to measurement,
transparency and accountability on issues impacting our people, our communities
and the environment," said Kamau Coar, Chief Legal Officer and Chief Inclusion
Officer, Heidrick & Struggles. "As we advance on our sustainability journey, we
look forward to a long-term partnership with Indigo Ag where we not only
address our environmental impact, but also contribute to the availability of
offset options more broadly."
Going forward, Heidrick & Struggles intends to continue publishing its ESG
achievements annually, providing stakeholders with transparency around how the
firm is heeding its own advice to build credibility and trust. In the coming
months, the firm anticipates completing and releasing its 2020 carbon
footprint.
About Heidrick & Struggles
Heidrick & Struggles (Nasdaq: HSII (
)) is a premier provider of global leadership advisory and on-demand talent
solutions, serving the senior-level talent and consulting needs of the world's
top organizations. In our role as trusted leadership advisors, we partner with
our clients to develop future-ready leaders and organizations, bringing
together our services and offerings in executive search, diversity and
inclusion, leadership assessment and development, organization and team
acceleration, culture shaping and on-demand, independent talent solutions.
Heidrick & Struggles pioneered the profession of executive search more than 65
years ago. Today, the firm provides integrated talent and human capital
solutions to help our clients change the world, one leadership team at a
time.(R) www.heidrick.com
About Indigo Ag
Indigo Ag improves grower profitability, environmental sustainability, and
consumer health through the use of natural microbiology and digital
technologies. The company's scientific discoveries and digital platforms
benefit stakeholders across the agricultural ecosystem, including tens of
thousands of growers across millions of acres. Working across the supply chain,
Indigo Ag is furthering its mission of harnessing nature to help farmers
sustainably feed the planet. In 2019, the company launched Indigo Carbon – a
scientifically backed program that provides growers with a new revenue stream
in the form of verified agricultural carbon credits. Indigo Ag is headquartered
in Boston, MA, with additional offices in Memphis, TN; Research Triangle Park,
NC; Sao Paulo, Brazil; and Basel, Switzerland.
Media Contacts:
Heidrick & Struggles
Nina Chang
nchang@heidrick.com
Indigo Ag
Paula Sokolska
psokolska@indigoag.com
SOURCE: Heidrick & Struggles
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