FTI Consulting makes net-zero emissions commitment
FTI Consulting has pledged to achieve net-zero greenhouse gas emissions by 2030.
The sustainability commitment brings the Washington, DC-based consultancy in line with the pledges of the Big Three strategy firms and Big Four accounting and consulting firms, as well as others such as L.E.K. Consulting, Point B, and Stantec. Net-zero 2030 targets align with the UN Paris Agreement, which aims to limit the global temperature increase to 1.5 degrees Celsius above pre-industrial levels.
Net-zero entails reducing emissions (through, for example, building efficiency and energy sourced from renewables) combined with investment in projects that remove the remaining carbon dioxide produced by a firm’s operations – including forests, farms, and carbon capture and mineralization technologies.
FTI will in 2022 identify emission reduction targets for scope 1 (direct emissions from owned sources) and scope 2 (indirect emissions from purchased electricity), as well as business travel. The firm plans to have these targets validated by the Science Based Targets initiative.
FTI’s ongoing sustainability efforts include reducing global office square footage per employee, addressing sustainable guidelines for new office buildouts, and reducing and greening employee travel.
“We at FTI Consulting aspire to create long-term, sustainable value through ESG-related initiatives for all stakeholders — our people, our clients, our shareholders, and our communities,” said Steven Gunby, president and CEO of FTI Consulting. “Though we recognize there is more work to do, we are inspired by the collective contributions by our colleagues across the globe this past year.”
FTI’s net-zero pledge was made as part of the firm’s inaugural “Corporate Sustainability Report,” which outlines its environmental, social, and governance (ESG) goals and policies.
The firm’s previously stated diversity, equity, and inclusion (DEI) goals include: reaching 165 female senior managing directors by 2025, an increase of 65% compared to 2020; reaching 120 underrepresented minority senior managing directors by 2025, more than double the number compared to 2020; and extending its 50/50 gender-balanced hiring target from the campus and graduate level to include consultant and senior consultant hires.
FTI advises clients on change, risk, and disputes. The firm has more than 6,600 people in 29 countries and annual revenue of $2.46 billion.
