A note from our CEO:
At ScottMadden, we are committed to ensuring corporate responsibility guides our business strategy and operations to ensure accountability for the care and well-being of our employees, the environment, and the communities and clients we serve. This annual Corporate Responsibility Report details the actions we took in 2022 to address important societal and environmental sustainability issues that are material to our business operations and stakeholders.
As noted in last year’s report, in Q1 2022, we conducted the firm’s second materiality assessment. We surveyed employees, clients, and prospective hires to assess the firm’s operational impacts and inform our sustainability strategy. The results validated the corporate responsibility focus areas we identified from our first materiality assessment in 2019 and guided advancement and prioritization of supporting activities for the year. In this report, you will see examples of our efforts to improve the lives of our employees and those surrounding them.
We had a highly successful year in 2022 across all our focus areas. Of note, we are excited to share the launch of two new employee resource groups—Veterans (VERG) and Working Parents and Caregivers (The Village)—to further foster connection and community among staff across meaningful topics. Additionally, we continued to focus on wellness and expand employee benefits, including increased parental leave to 16 weeks and the ability to roll over up to 40 hours of PTO each year. The Community Engagement team continues the firm’s commitment to partnering with charities in our local communities. We are excited to share details of our return to in-person community engagement events and activities. The Environment and Emissions team continues to track and manage the firm’s carbon impact, and we have again offset all identified carbon emissions from 2022. These are just a few highlights from last year.
We are proud of what we have accomplished but are always pushing forward to do more. Of note, we have initiated efforts to expand and enhance corporate responsibility governance to increase partner leadership and are additionally establishing a Cybersecurity Center of Excellence to deepen our expertise and offerings in managing cyber risk.
To us, sustainability means much more than just environmental impact. It is also about our people and the quality of our relationships and is grounded in the firm’s core values of respect, trust, service, accountability, and inclusion. I am impressed each day by our team’s remarkable resilience and support for one another, and I look forward to sharing the progress we will continue to make for our team, clients, communities, and the environment. Thank you for taking the time to read our report.