Kearney Sustainability Report 2023 Overview
Kearney, a global management consultancy headquartered in Chicago, has released its Sustainability Report for 2023, outlining its commitment to sustainability across various dimensions:
Environmental Commitments:
- Science-Based Emissions Reduction: Kearney aims to reduce its scope 1 and 2 greenhouse gas (GHG) emissions by 50% and scope 3 emissions by 30% by 2030, with plans to achieve net-zero emissions across its value chain by 2050.
- Internal Carbon Pricing Program: Launching in 2024, targeting air travel, the largest source of emissions, to drive behavioral change and greener travel options.
- Investment in Green Initiatives: Fees collected will be invested in high-quality carbon credits, sustainable aviation fuel (SAF), and other green projects.
Social Impact:
- Diversity and Inclusion: Introduced enAble diversity network focusing on disability awareness and Global Inclusion Council to guide and amplify DEI progress.
- Mental Health: Added 40 new Mental Health First Aid ambassadors, reaching a total of 170 colleagues globally trained in mental health support.
- Recognition: Named one of America's Greatest Workplaces for Diversity by Newsweek and achieved Platinum certification from Mental Health America’s 2023 Bell Seal for Workplace Mental Health.
Community Engagement:
- Social Impact Activities: Participated in over 350 social impact activities, including over 830 Days of Action, collaborating with organizations like Ashoka, the World Economic Forum, and UN Women.
Business Performance:
- Acquisitions: Acquired TEAMS Design and Silicon Foundry to strengthen its offerings in sustainable innovation and strategic design.
- Client Services: Worked with diverse organizations on over 300 sustainability engagements, from decarbonization to sustainable supply chains and circularity.
Leadership and Culture:
- Leadership Commitment: Managing Partner Alex Liu emphasized Kearney's commitment to integrating sustainability into all aspects of business operations.
- Culture of Ownership: Fostered a culture focused on joy and justice, aiming for continuous improvement and transparency.
Data Verification:
- GHG Emissions Verification: Assured emissions have been independently verified under the ISO 14064-3 standard with a limited level of assurance.
- Sustainability Disclosures Verification: Disclosures have been independently verified under the AA1000 Assurance Standard.
Future Outlook:
- Vision for the Future: Alex Liu expressed confidence in envisioning a more equitable and sustainable future when stakeholders work together towards common goals.
Key Takeaways:
- Kearney showcases its dedication to becoming an ESG trailblazer, committing to science-based emissions reduction targets and launching an internal carbon pricing program.
- Emphasizes its commitment to diversity, inclusion, mental health support, and community engagement.
- Highlights acquisitions aimed at strengthening sustainable innovation capabilities and client services.
- Demonstrates leadership commitment and a culture focused on continuous improvement and transparency in sustainability efforts.
This report underscores Kearney's multifaceted approach to sustainability, integrating environmental, social, and governance considerations into its business strategy and operations.
