Appendix

Download Full Report

At a Glance Message from Our CEO Values & Leadership Sustainability at RRA Within Our Firm With Our Colleagues In Our Communities With Our Clients Policies & Reporting Indices About the Report SBTi Approval

GRI SASB UNGC

The 2022 Russell Reynolds Associates Sustainability Report has been prepared in accordance with the following reporting standards for the period January 1, 2022—December 31, 2022: Global Reporting Initiative (GRI) Standards; SASB Standards; and the Ten Principles of the United Nations Global Compact.

GRI Universal Standards 2021

GRI 1: Foundation 2021
Applicable GRI Sector Standard(s): None

GRI 2: GENERAL DISCLOSURES 2021 1. The Organization and its Reporting Practices
Indicator Name	Indicator Number	Information/Location in Report
Organizational details	2-1	Russell Reynolds Associates: 277 Park Avenue, Suite 3800, New York, NY 10172. Russell Reynolds Associates Offices Worldwide: See our website for the full list of offices worldwide. Russell Reynolds Associates is a privately owned company.
Entities included in the organization’s sustainability reporting	2-2	This report covers Russell Reynolds Associates.
Reporting period, frequency and contact point	2-3	Reporting period: January 1 to December 31, 2022. Frequency: Annual Reporting. Contact point: Pam Fitzpatrick, Global Head of Sustainability, pam.fitzpatrick@russellreynolds.com
Restatements of information	2-4	There were no restatements of information during the reporting period.
External assurance	2-5	Within this report, Russell Reynolds Associates engaged Apex Companies for an independent, third-party limited assurance verification of their greenhouse gas emissions data. Their conclusions can be found within the Verification Opinion Declarations for Scopes 1, 2 and 3.
2. Activities and Workers
Activities, value chain, and other business relationships	2-6	See About RRA, page 5. Russell Reynolds Associates is a global leadership advisory firm dedicated to redefining the capabilities of our clients. Working with public, private, and nonprofit organizations across industries and regions, we connect teams with leaders that demonstrate the vision and skills to shape what’s next.
Employees	2-7	See With Our Colleagues, pages 19–25.
Workers who are not employees	2-8	Russell Reynolds Associates employed 187 contract workers as of 12/31/2022.
3.Governance
Governance structure and composition	2-9	See About RRA, Leadership and Board, page 6 and our website for additional information.
Nomination and selection of the highest governance body	2-10	See About RRA, Leadership and Board, page 6 and our website for additional information.
Chair of the highest governance body	2-11	See About RRA, Leadership and Board, page 6 and our website for additional information.
Role of the highest governance body in overseeing the management of impacts	2-12	See About RRA, Leadership and Board, Board Oversight of Risk, page 6 and our website for additional information.
Delegation of responsibility for managing impacts	2-13	See Sustainability Approach, page 8.
Role of the highest governance body in sustainability reporting	2-14	Key members of the firm’s Senior Leadership Team, namely the Chief Financial Officer, General Counsel, and Chief People Officer, have oversight of sustainability report content, including the publication of data. The Nominating and Governance Committee of the Board of Directors has oversight of all matters of corporate governance, including those related to social and environmental responsibility.
Conflicts of interest	2-15	Our Employee Code of Conduct and our Supplier Code of Conduct define our policies related to conflicts of interests. New hires are trained on the Employee Code of Conduct as part of their onboarding process. In all instances where the appearance of a conflict exists, the nature of the conflict must be disclosed to your supervisor and the General Counsel.
Communication of critical concerns	2-16	Russell Reynolds Associates encourages employees and other stakeholders to report any perceived violations of law or our code of business conduct. The Ethics Hotline is available to all employees via email or telephone. The hotline is monitored 24 hours a day/seven days a week, 365 days a year.
Collective knowledge of the highest governance body	2-17	See About RRA, Leadership and Board, Board Oversight of Risk, page 6 and our website for additional information.
Evaluation of the performance of the highest governance body	2-18	Confidentiality constraints prevent us from disclosing this information.
Remuneration policies	2-19	Confidentiality constraints prevent us from disclosing this information.
4. Strategy, Policies, and Practices
Statement on sustainable development strategy	2-22	See Sustainability Approach, page 8.
Policy commitments	2-23	See Within Our Firm, Ethical Business, pages 11–12.
Embedding policy commitments	2-24	See Within Our Firm, Ethical Business, pages 11–12. See Within Our Firm, Human Rights, page 12.
Processes to remediate negative impacts	2-25	Russell Reynolds Associates’ Employee Code of Conduct sets forth general guidelines for conducting company business with the highest standards of business ethics and all applicable regulations. This code is followed at all levels of the organization by our directors, officers, and employees and upholds the company’s core values to ensure that we conduct all business honestly, fairly, and with integrity. In addition to the Employee Code of Conduct, Russell Reynolds Associates also has an Ethics Hotline to report any perceived violations of law of the Employee Code of Conduct and is available to all employees via email or telephone. The hotline is monitored 24 hours a day/seven days a week, 365 days a year. See Within Our Firm, Governance, page 6, Ethical Business, page 11.
Mechanisms for seeking advice and raising concerns	2-26	Russell Reynolds Associates encourages employees and other stakeholders to report any perceived violations of law or our code of business conduct. The Ethics Hotline is available to all employees via email or telephone. The hotline is monitored 24 hours a day/seven days a week, 365 days a year. See Within Our Firm, Ethical Business, page 11.
Compliance with laws and regulations	2-27	In 2022, Russell Reynolds Associates has not had any material non-compliance with any laws and regulations.
Membership associations	2-28	United National Global Compact (UNGC), Ariel Investments, the 30% Club, WHO Foundation, Board and CEO Advisory Board, The Humanitarian Finance Forum (HFF).
2. Stakeholder engagement
Approach to stakeholder engagement	2-29	See Sustainability at RRA, Sustainability Approach, Material Sustainability Topics, page 9.
Collective bargaining agreements	2-30	We do not issue global reporting on collective bargaining agreements at this time, but RRA respects its employees’ rights to engage in collective bargaining where applicable and available.
GRI 3: MATERIAL TOPICS 2021 2. Disclosures on material topics
Process to determine material topics	3-1	See Sustainability at RRA, Sustainability Approach, Material Sustainability Topics, page 9.
List of material topics	3-2	See Sustainability at RRA, Sustainability Approach, Material Sustainability Topics, page 9.

Topic Standards

RRA Material Topic: Diversity, Equity & Inclusion
Indicator Name	Indicator Number	Information/Location in Report
Management of material topics	3-3	See Sustainability at RRA, Sustainability Approach, page 8. See With Our Colleagues, Diversity, Equity, and Inclusion, pages 19–25.
GRI Material Topic: Diversity and Equal Opportunity 2016 • 405
Diversity of Governance Bodies and Employees	405-1	See Diversity, Equity, and Inclusion, RRA Diversity At-a-Glance, pages 20–21.
Ratio of basic salary and remuneration of women to men	405-2	We engage a third-party to conduct an annual pay equity study. We do not publicly disclose this information.
RRA Material Topic: Ethics & Integrity
Management of material topics	3-3	See Sustainability at RRA, Sustainability Approach, page 8. See Within Our Firm, Ethical Business, page 11.
GRI Material Topic: Anti-corruption 2016 • 205
Operations assessed for risks related to corruption	205-1	See Within our Firm, Ethical Business, page 11.
Communication and training about anti-corruption policies and procedures	205-2	Our Employee Code of Conduct both outlines our communications and describes our training regarding anti-corruption.
Confirmed incidents of corruption and actions taken	205-3	A key success metric of our management of ethics and accountability is the number of incidents of corruption or anti-competitive behavior. No material incidents of such activity were confirmed in 2022.
GRI Material Topic: Anti-competitive Behavior 2016 • 206
Legal actions for anti-competitive behavior, anti-trust, and monopoly practices	206-1	A key success metric of our management of ethics and accountability is the number of incidents of corruption or anti-competitive behavior. No material incidents of such activity were confirmed in 2022.
RRA Material Topic: Employee Attraction, Retention & Development
Management of material topics	3-3	See Sustainability at RRA, Sustainability Approach, page 8. See With Our Colleagues, Growing and Developing Our Teams, pages 21–22.
GRI Material Topic: Employment 2016 • 401
New employee hires and employee turnover	401-1	See With Our Colleagues, Growing and Developing Our Teams, Colleague Engagement & Feedback, page 25.

Benefits provided to full-time employees that are not provided to temporary or part-time employees	401-2	See With Our Colleagues, Diversity, Equity, and Inclusion, Attracting and Hiring Talent, page 21.
GRI Material Topic: Training and Education 2016 • 404
Programs for upgrading employee skills and transition assistance programs	404-2	See Within Our Firm, Training, page 13. See With Our Colleagues, Growing and Developing Our Teams, Development, pages 24–25.

Percentage of employees receiving regular performance and career development reviews	404-3	100% of our employees receive regular feedback on both performance and career development through our formal performance evaluation processes. These processes include mid-year check-ins and year-end appraisals.
RRA Material Topic: Climate Change & GHG Emissions
Management of material topics	3-3	See Sustainability at RRA, Sustainability Approach, page 8. See Within Our Firm, Sustainable Operations, page 15.
GRI Material Topic: Energy 2016 • 302
Energy consumption within the organization	302-1	See Within Our Firm, Sustainable Operations, page 15.
Energy consumption outside of the organization	302-2	See Within Our Firm, Sustainable Operations, page 15.
Reduction of energy consumption	302-4	See Within Our Firm, Sustainable Operations, page 15.
GRI Material Topic: Emissions 2016 • 305
Direct (Scope 1) GHG Emissions	305-1	See Within Our Firm, Sustainable Operations, page 15.
Energy indir ect (Scope 2) GHG	305-2	See Within Our Firm, Sustainable Operations, page 15.
Other indirect (Scope 3) GHG emissions	305-3	See Within Our Firm, Sustainable Operations, page 15.
Emissions of ozone-depleting substances (ODC)	305-6	As a professional services firm, we do not use significant amounts of ozone-depleting substances, and for that reason do not track their use. We adhere to the Montreal Protocol, administered by the United Nations Environment Programme (UNEP), which maintains the list of ozone-depleting substances that are targeted for reductions and total phaseouts.
Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions	305-7	CO2, N2O and CH4 are included in the Russell Reynolds GHG inventories. These emissions are mainly attributed to the combustion of fuel, such as natu ral gas or gasoline, and energy generation (Scopes 1, 2, and 3). HFCs result from unintentional releases, e.g., leak s, during the use of refrigeration and air conditioning equipment (Scope 1).
GRI Material Topic: Supplier Environmental Assessments 2016 • 308
New suppliers that were screened using environmental criteria	308-1	See Within Our Firm, Sustainable Operations, Supplier Engagement, page 18. Russell
RRA Material Topic: Data Privacy & Security
Management of material topics	3-3	See Sustainability at RRA, Sustainability Approach, page 8. See Within Our Firm, Data Security and Privacy, pages 12–13. The firm’s Information Services and Legal departments are jointly responsible for Data Privacy and Security.
GRI Material Topic: Customer Privacy 2016 • 418
Substantiated complaints concerning breaches of customer privacy and losses of customer data	418-1	As a private company, we do not disclose this information. Russell Reynolds Associates values information security and data privacy and ensures that stakeholders data and trust is never at risk. See Within Our Firm Data Security and privacy, pages 12–13.
RRA Material Topic: Waste
Management of material topics	3-3	See Sustainability at RRA, Sustainability Approach, page 8. See Within Our Firm, Sustainable Operations, Waste, page 17.
GRI Material Topic: Waste 2020 • 306
Waste generation and significant waste-related impacts	306-1	See See Within Our Firm, Sustainable Operations, Waste, page 17.
Management of significant waste-related impacts	306-2	See Sustainability at RRA, Sustainability Approach, page 8. See Within Our Firm, Sustainable Operations, Waste, page 17.
Waste generated	306-3	186.9 tonnes of waste generated in 2022.
Waste diverted from disposal	306-4	RRA tracks e-waste as it is among the most significant waste streams of our operations. See Within Our Firm, Sustainable Operations, Waste, page 17.
Waste directed to disposal	306-5	91.4 tonnes of waste directed to disposal.
RRA Material Topic: Community Engagement
Management of material topics	3-3	See Sustainability at RRA, Sustainability Approach, page 8. See In Our Communities, Community Engagement and Volunteering, pages 27–28.
GRI Material Topic: Indirect Economic Impacts 2016 • 203
Significant indirect economic impacts	203-2	See In Our Communities, Community Engagement and Volunteering, pages 27–28.
GRI Material Topic: Local Communities • 413
Operations with local community engagement, impact assessments, and development programs	413-1	See In Our Communities, Community Engagement and Volunteering, pages 27–28.
Operations with significant actual and potential impacts on local communities	413-2	See In Our Communities, Community Engagement and Volunteering, pages 27–28.
RRA Material Topic: Human Rights Human Rights is no longer a standalone GRI Material Topic and is instead expected to be integrated throughout reporting and disclosures
Management of material topics	3-3	See Sustainability at RRA, Sustainability Approach, page 8. See Within Our Firm, Human Rights, page 12.
GRI Material Topic: Non-discrimination 2016 • 406
Incidents of discrimination and corrective actions taken	406-1	A key success metric of our management of human rights is the number of incidents of discrimination and corrective actions taken. No material incidents of such activity were confirmed in 2022. See Within Our Firm, Ethical Business, page 11. See Within Our Firm, Human Rights, page 12.
GRI Material Topic: Freedom of Association and Collective Bargaining 2016 • 407
Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk	407-1	We do not issue global reporting on collective bargaining agreements at this time, but RRA respects its employees’ rights to engage in collective bargaining where applicable and available. See Within Our Firm, Ethical Business, Policies that Support Integrity, page 12. See Within Our Firm, Human Rights, page 12. GRI Material
GRI Material Topic: Child Labor 2016 • 408
Operations and suppliers at significant risk for incidents of child labor	408-1	Russell Reynolds Associates’ operations are not at significant risk for incidents of child labor. See Within Our Firm, Ethical Business, Policies that Support Integrity, page 12. See Within Our Firm, Human Rights, page 12.
GRI Material Topic: Forced or Compulsory Labor • 409
Operations and suppliers at significant risk for incidents of forced or compulsory labor	409-1	Russell Reynolds Associates’ operations are not at significant risk for incidents of forced or compulsory labor. See Within Our Firm, Ethical Business, Policies that Support Integrity, page 12. See Within Our Firm, Human Rights, page 12.
GRI Material Topic: Rights of Indigenous Peoples 2016 • 411
Incidents of violations involving rights of indigenous peoples	411-1	We are not aware of any violations involving rights of indigenous peoples at Russell Reynolds Associates in 2022. See Within Our Firm, Ethical Business, Policies that Support Integrity, page 12. See Within Our Firm, Human Rights, page 12.

SASB -Professional & Commercial Services

Table 1. Sustainability Disclosure Topics & Accounting Metrics

Indicator Name	Indicator Number	Information/Location in Report	Indicator Name	Indicator Number	Information/Location in Report
Data Security	Description of approach to identifying and addressing data security risks	Discussion and Analysis	n/a	SV-PS-230a.1	See Within Our Firm, Data Security and Privacy, pages 12-13.
	Description of policies and practices relating to col lection, usage, and retention of customer information	Discussion and Analysis	n/a	SV-PS-230a.2	See Within Our Firm, Data Security and Privacy, pages 12-13.
	(1) Number of data breaches, (2) percentage involving customers’ confidential business information (CBI) or personally identifiable information (PII), (3) number of customers affected	Quantitative	Number, Percentage (%)	SV-PS-230a.3	As a pr ivate company, we do not disclose this information. Russell Reynolds Associates values i nformation security and data privacy and ensures that stakeholders’ data and trust is never at risk. See Within Our Firm, Data Security and Privacy, pages 12-13.
Workforce Diversity & Engagement	Percentage of gender and racial/ethnic group representation for (1) executive management and (2) all other employees	Quantitative	Percentage (%)	SV-PS-330a.1	See With Our Colleagues, Diversity, Equity, and Inclusion, pages 20–21.
	(1) Voluntary and (2) involuntary turnover rate for employees	Quantitative	Rate	SV-PS-330a.2	As a private company, we do not disclose this information.
	Employee engagement as a percentage	Quantitative	Percentage (%)	SV-PS-330a.3	See With Our Colleagues, Growing and Developing Our Teams, page 24.
Professional Integrity	Description of approach to ensuring professional integrity	Discussion and Analysis	n/a	SV-PS-510a.1	See Within Our Firm, Ethical Business, Policies that Support Integrity, page 11.
Professional Integrity	Total amount of monetary losses as a result of legal proceedings associated with professional integrity	Quantitative	Reporting currency	SV-PS-510a.2	As a private company, we do not disclose this information.

Table 2. Activity Metrics

Number of employees by: (1) full-time and part-time, (2) temporary, and (3) contract	Quantitative	Number	SV-PS-000.A	As of December 31, 2022, Russell Reynolds Associates has 1,900+ employees.
Employee hours worked, percentage billable	Quantitative	Hours, Percentage (%)	SV-PS-000.B	Job roles at Russell Reynolds Associates includes consultants, consultant support, client services, and firm services. Not all of these positions operate on a billable hours basis.

UNGC Index

The Ten Principles of the UN Global Compact

For more information on each of the Ten Principles, please see our latest UNGC Communication on Progress here.

Human Rights
Principle 1	Businesses should support and respect the protection of internationally proclaimed human rights	Our approach to human rights is consistent with the principles of the UN Universal Declaration of Human Rights and the International Labor Organization’s Declaration on Fundamental Principles and Rights at Work. See Within Our Firm, Human Rights, page 12.	Modern Slavery and Human Trafficking Statement Supplier Code of Conduct
Principle 2	Make sure that they are not complicit in human rights abuses	We require all members of our value chain to comply with all applicable rules and regulations. See Within Our Firm, Human Rights, page 12.	Modern Slavery and Human Trafficking Statement Supplier Code of Conduct
Labor
Principle 3	Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining	We do not issue global reporting on collective bargaining agreements at this time, but RRA respects its employees’ rights to engage in collective bargaining where applicable and available.	Employee Code of Conduct Supplier Code of Conduct
Principle 4	The elimination of all forms of forced and compulsory labor	See Within Our Firm, Human Rights, Labor Practices, page 12.	Employee Code of Conduct Modern Slavery and Human Trafficking Statement Supplier Code of Conduct
Principle 5	The effective abolition of child labor	See Within Our Firm, Human Rights, Labor Practices, page 12.	Employee Code of Conduct Modern Slavery and Human Trafficking Statement Supplier Code of Conduct
Principle 6	The elimination of discrimination in respect of employment and occupation	See Within Our Firm, Human Rights, Labor Practices, page 12.	Employee Code of Conduct Supplier Code of Conduct
Enviroment
Principle 7	Businesses should support a precautionary approach to environmental challenges	Our environmental management processes are based on regulations and best available data and are proactive and precautionary in nature. See Within Our Firm, Sustainable Operations, pages 14–15.
Principle 8	Undertake initiatives to promote greater environmental responsibility	Protecting the environment and the health and safety of employees is the law. We comply with all applicable environmental, health and safety laws and regulations. We strive to conduct our business and operations in a manner that creates a safe working environment and minimizes environmental impact. See Within Our Firm, Sustainable Operations, pages 14–15.	Employee Code of Conduct Supplier Code of Conduct
Principle 9	Encourage the development and diffusion of environmentally friendly technologies	See Within Our Firm, Sustainable Operations, pages 14–15.
Anti-Corruption
Principle 10	Businesses should work against corruption in all its forms, including extortion and bribery	See About This Report, page 2.	Employee Code of Conduct Supplier Code of Conduct