Heidrick & Struggles Continues Advancing on ESG Journey, Focusing on Placing Diverse Board Members and Executives, Promoting DE&I in the Workplace
PR98056
Heidrick & Struggles Continues Advancing on ESG Journey, Focusing on Placing Diverse Board Members and Executives, Promoting DE&I in the Workplace and Reducing GHG Emissions
CHICAGO, Sept. 28, 2022 /PRNewswire=KYODO JBN/ --
-- Heidrick & Struggles' second ESG report details ongoing focus on addressing
ESG priorities, including diversity, equity and inclusion, governance and
sustainability for its clients, employees and the firm's own operations
Heidrick & Struggles (
) (Nasdaq: HSII), a premier provider of global leadership advisory and
on-demand talent solutions, today released its 2021 ESG Report (
). Referencing both Global Reporting Initiative (GRI) and Sustainability
Accounting Standards Board (SASB) frameworks, the firm's second ESG report
highlights how it has advanced on its ESG priorities and initiatives through
its client work and for the firm's own employees and global operations.
"In our role as trusted leadership advisors, we have the privilege of working
with the world's leading organizations on their most important talent,
leadership, culture and organization needs," said Krishnan Rajagopalan,
President and CEO, Heidrick & Struggles. "ESG priorities are moving to the top
of our clients' agendas, and we are partnering with them a number of different
ways, from placing Chief Sustainability Officers to working with Boards and
companies that want to attract experienced ESG executives, and more. In
addition, we are committed to being leaders in our own industry on the ESG
front. We are intently focused on attracting and retaining great talent, living
our firm's purpose and values, building a thriving workplace, and incorporating
best practices on sustainability, governance, leadership, culture, and DE&I
across our own organization, and for our own employees."
Key highlights from the 2021 report include:
Our Client Services
-- Globally, 67% of our cumulative slate of Board candidates initially proposed
to our clients were diverse, exceeding our annual Board Diversity Pledge (
)
-- 73% of our Board placements were diverse in the United States, and 68%
globally[1]
-- 51% of our overall placements in the United States were diverse, and 49%
globally[1]
-- Our work in our Sustainability and Social Impact Practices continued to grow
and expand in scope
-- We published a report (
) in partnership with INSEAD's Corporate Governance Centre on how Boards are
responding to climate change
-- We added on-demand talent to our service offering, addressing the growing
demand for more fluid ways of working by independent consultants and companies
hiring them
Our People and Culture
-- Women represented 69% of our new hires and 65% of our promotions, globally
-- People of color accounted for 35% of our new hires and 21% of our promotions
in the United States
-- We offered work from home flexibility for our employees under our Flexible
Workspace philosophy
-- We delivered more than 12,800 hours of learning and development to our
employees globally through virtual, in-person and hybrid formats
-- As part of our ongoing commitment to support our employees' mental health
and wellbeing, we began recognizing World Mental Health Day as a holiday
-- We organized our third Global Day of Service with 35 offices participating
around the world, continuing our commitment to give back to our communities
where we live and work
Governance
-- We have a diverse and experienced Board of Directors; in 2021, 37% of our
Board of Directors consisted of women, and 25% consisted of people of color
-- Our Board is committed to ongoing refreshment to meet the evolving needs of
the firm, and the average tenure of our directors was 4.5 years
-- As a leading global professional services firm, we have developed a set of
corporate values and a Code of Ethics that guide our firm's culture, ensuring
we hold ourselves to the highest professional ethical standards
-- In order to maintain the trust of our clients, candidates and employees, we
have a comprehensive set of data protection and privacy programs, policies and
practices deployed and maintained throughout our organization
Environmental Sustainability
-- For the first time, we measured and disclosed our full Scopes 1, 2 and 3
carbon footprint
-- We reduced carbon emissions by over 21% versus 2019, primarily due to a
reduction in employee commuting, business travel and office footprint
-- We decreased global office square footage by 26% versus the previous year
"With this report, we are maintaining our commitment to holding ourselves
accountable and measuring our ESG progress publicly on an ongoing basis,
establishing key areas of focus and showing what we have achieved so far, and
how much opportunity lies ahead," said Tracey Heaton, Chief Legal Officer and
Corporate Secretary, Heidrick & Struggles. "To best serve our employees,
communities and stakeholders' interests, we will continue being transparent
about our progress on ESG metrics, including advancements in our DE&I,
governance and sustainability efforts internally, and our progress supporting
our clients on their ESG journeys."
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
Media Contacts
Heidrick & Struggles
Nina Chang
nchang@heidrick.com
M Booth
Maya Bronstein
mayab@mbooth.com
[1] Global updates include women globally and ethnic diversity for women and
men in Australia, Canada, the United Kingdom and the United States, where we
currently track ethnicity.
SOURCE: Heidrick & Struggles International, Inc.
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