Kroll experts provide our clients with data-tested analyses to stay ahead of the most complex business challenges, and we approach our internal Sustainability efforts with the same rigor.
As part of our ongoing commitment to the environment and responsible business practices, we will be engaging with a third-party consultant to conduct a double materiality assessment. This assessment is a critical step in ensuring compliance with the Corporate Sustainability Reporting Directive (CSRD). The assessment will help us identify key ESG impacts, risks and opportunities that are of material importance to our business and key stakeholders.
Reducing our Emissions Footprint
Our carbon reduction plan is a commitment to continue to measure and reduce our emissions footprint by 2030.
The plan comprises a 1.5-degree Science Based Targets Initiative (SBTi) aligned Scope 1 and 2 near-term reduction targets, as well as Scope 3 near-term reduction target, our scope 3 categories include 3.1 Purchased Goods and Services, 3.6 Business Travel and 3.7 Employee Commuting.
To reach our reduction goals, we are committed to the following:
Directly purchase clean power to abate scope 2 emissions
Target key tier 1 and 2 suppliers to implement clean power
Sustainable commute program, incentivize employees to transition to EVs
Implementation of a travel policy to reduce non-essential travel and encourage low-carbon transportation
In an effort to meet these environmental goals, Kroll works with Watershed, a third-party enterprise sustainability platform, to annually measure Kroll’s complete greenhouse gas footprint. This footprint is reported yearly in Kroll’s Annual Impact Report and through external environmental data disclosure platforms such as CDP and EcoVadis.
Kroll works with Watershed to purchase verified, voluntary carbon credits and energy attribute certificates (EACs). For our 2023 footprint, Kroll purchased carbon credits from two forestry projects representing 3,540 tons of carbon dioxide removal (which are described in more detail here). We purchased this quantity to fully offset our scope 1 emissions and to partially offset (54%) of our scope 3.6 US-originated air travel emissions. In addition, we purchased 10,830 EACs equivalent to 100% of our 2023 scope 2 office and scope 3.7 homeworker electricity consumption. We purchased EACs on a country-by-country or regional basis, in alignment with the RE100 standard wherever possible.
The United Nations Sustainable Development Goals
We’ve tied our strategies and initiatives to the United Nations Sustainable Development Goals (UN SDGs). While we acknowledge and respect the interconnectivity of the 17 goals that make up the SDGs, we believe four of them are directly relevant to our business and connected to areas where we can make the greatest impact. Kroll’s Sustainability efforts are deliberately aligned to:
Kroll continually aspires to make our operations more sustainable. Read our Sustainable Procurement Statement here and our Environmental Policy here.
Through the Kroll Workplace strategy, we continue to work smarter: increasing efficiency in day-to-day office processes, reducing overall energy consumption and encouraging employees to recycle and compost waste.
Our Workplace strategy starts at the design and development stage of any new workplace or office build-out and continues throughout our occupancy. Approximately 80% of Kroll employees work in LEED- (Leadership in Energy and Environmental Design) or BREEAM- (Building Research Establishment Environmental Assessment Method) certified buildings, which are designed to prioritize energy efficiency. These certifications ensure our workspaces are constructed to reduce energy and water usage, promote better indoor air quality and reduce the environmental impacts of construction.
We have also achieved several ISO (International Organization for Standardization) certifications in certain jurisdictions: