IPG Publishes Ninth Annual ESG Report
- IPG's ESG report emphasizes diversity, equity, climate action, and responsible media.
- The report integrates GRI, SASB, TCFD, UN Global Compact, and UN Sustainable Development Goals.
- IPG achieved its near-term science-based target to reduce emissions and progress towards net-zero by 2040.
- New partnerships like the Partnership on AI to Benefit People and Society are highlighted in the report.
- IPG received recognition on various indices for its sustainability efforts.
- None.
Insights
Interpublic Group's (IPG) latest ESG report demonstrates a significant commitment to sustainability, which is increasingly becoming a critical factor in investment decisions. The achievement of their near-term science-based target to reduce Scopes 1 and 2 emissions by 50% ahead of the 2030 goal is a strong indicator of the company's proactive approach to climate action. This not only aligns with investor expectations for responsible corporate behavior but may also lead to operational cost savings and risk mitigation.
Furthermore, the integration of multiple reporting frameworks, such as the GRI and SASB standards, provides a comprehensive view of the company's sustainability efforts and aligns with global best practices, enhancing transparency for stakeholders. The external assurance of GHG and diversity metrics adds credibility to the reported data, potentially increasing investor confidence.
The emphasis on diversity, equity and inclusion (DEI) within IPG's ESG report reflects a growing recognition of the importance of social factors in corporate governance. Companies that prioritize DEI are often seen as better positioned to attract and retain top talent, foster innovation and maintain a positive corporate image. By engaging an external third party to provide limited assurance on employee diversity metrics, IPG is underscoring the importance of DEI to its corporate strategy and stakeholders.
IPG's listing on the Corporate Equality Index for the 14th year and its new recognition in the Disability Equality Index’s 'Best Places to Work for Disability Inclusion' further solidify its standing as a leader in this area, which may influence investor perception and customer choice, potentially impacting the company's market performance positively.
IPG's alignment with the UN Global Compact and UN Sustainable Development Goals indicates a strategic approach to corporate governance that is attentive to global standards and societal expectations. The company's Responsible Media & Content Principles also suggest a commitment to ethical advertising, which is increasingly important to consumers and could influence brand loyalty and market share.
The mention of new partnerships, like the one with the Partnership on AI to Benefit People and Society (PAI), implies a forward-looking approach, focusing on the ethical implications of emerging technologies. Such initiatives can enhance IPG's reputation as an innovator and thought leader, potentially attracting clients interested in responsible and cutting-edge marketing solutions.
Report Utilizes Multiple Frameworks Including GRI, SASB and TCFD
Includes Limited Assurance on Certain ESG Metrics for Third Year
New York, NY, March 06, 2024 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced the release of its ninth annual ESG report. The report covers the company’s five strategic priorities: diversity, equity and inclusion, human capital, climate action, responsible media and content, and data ethics and privacy. This is IPG’s third report to combine various reporting frameworks into one comprehensive disclosure, including GRI Standards, SASB Standards, TCFD recommendations, UN Global Compact and UN Sustainable Development Goals. This is also the third year that IPG engaged an external third party to provide limited assurance on certain greenhouse gas (GHG) and employee diversity metrics.
You can view and download IPG’s 2023 ESG Report here, including the Report of Independent Accountants which covers certain metrics for the year ended or as of December 31, 2022.
Among the highlights in this year’s ESG Report, IPG notes achievement of its near-term science-based target to reduce Scopes 1 and 2 emissions by
“We continue to focus on integrating our ESG priorities and practices into the ways we operate, how we partner with our clients and how we foster a sense of fairness and belonging across our company,” said Philippe Krakowsky, IPG’s Chief Executive Officer. “Partnering with clients on solutions that further their businesses and align with our mutual values is core to our strategy for future success,” he continued.
“We are proud of our progress toward delivering on our long-term net-zero goal, which we aim to reach across our operations by 2040,” said Jemma Gould, IPG’s Chief Sustainability Officer. “We are equally as motivated by the work we have left to do as we continue to evolve our ESG program and deliver the best work for our clients and partners, with sustainability and equity always top-of-mind,” she continued.
IPG was recently listed on the CDP Supplier Engagement Leaderboard in recognition of the company’s work to engage suppliers on climate change. IPG was also listed on the Dow Jones Sustainability Index (DJSI) North America for the fourth year in a row, the Corporate Equality Index for a 14th year, and the Disability Equality Index’s “Best Places to Work for Disability Inclusion” for the first year.
# # #
About Interpublic
Interpublic (NYSE: IPG) (www.interpublic.com) is a values-based, data-fueled, and creatively-driven provider of marketing solutions. Home to some of the world’s best-known and most innovative communications specialists, IPG global brands include Acxiom, Craft, FCB, FutureBrand, Golin, Huge, Initiative, IPG Health, IPG Mediabrands, Jack Morton, KINESSO, MAGNA, McCann, Mediahub, Momentum, MRM, MullenLowe Global, Octagon, R/GA, UM, Weber Shandwick and more. IPG is an S&P 500 company with total revenue of
# # #
Contact Information
Tom Cunningham
(Press)
(212) 704-1326
Jerry Leshne
(Analysts, Investors)
(212) 704-1439
FAQ
What does IPG's ESG report focus on?
Which reporting frameworks are combined in IPG's ESG report?
What achievement did IPG highlight in its ESG report?
What is IPG's goal regarding emissions reduction?
What new partnership is highlighted in IPG's ESG report?
