A Message from Our CEO
In 2023, ScottMadden celebrated our 40th year of operations as a firm. With each passing year, I am reminded of the remarkable individuals and clients who have helped shape how the firm has grown over the decades. Through the tireless
efforts of our employees and the steadfast leadership of our partner group, I believe ScottMadden is better positioned than ever to deliver value and exceptional service to our clients. At the time of this letter, as we prepare to release our fifth annual Corporate Responsibility Report, we remain committed to the values that got us to where we are today, as we strive to further improve the lives of our employees and those surrounding them in the future.
At ScottMadden, we are committed to ensuring corporate responsibility guides our business strategy and operations to provide accountability for the care and well-being of our employees, the environment, and the communities and clients we serve. This annual Corporate Responsibility Report details the actions we took in 2023 to address important societal and environmental sustainability issues that are material to our business operations and stakeholders.
We had a highly successful year in 2023 across all our focus areas. Of note, we successfully implemented a new management structure that included the promotion of two new Practice Area Leaders (PALs). We established new controls to manage client data and implemented a comprehensive risk management program to enhance our cybersecurity standards. We grew participation in and solidified the leadership of, our three employee resource groups— Women@ScottMadden, Veterans (VERG), and Working Parents and Caregivers (The Village). The Community Engagement team continued the firm’s commitment to partnering with charities that enable our employees to volunteer and positively impact their local communities. Additionally, we bolstered our Lifestyle Benefit program to promote employee work-life balance and offered a new employer contribution to employees utilizing a Health Savings Account (HSA). Finally, the Environment and Emissions team continues to track and manage the firm’s carbon impact, and we have again offset all identified carbon emissions from 2023. These are just a few highlights from last year.
We are proud of what we have accomplished but are always pushing forward to do more. For example, we have initiated efforts to establish and track key performance metrics across each of our focus areas, we are considering adding new ERGs to bolster inclusion for diverse communities within the firm, and we are launching additional employee training and establishing best practices for the use of Artificial Intelligence (AI) and new technologies to enhance our client services in the future.
To us, sustainability means much more than just environmental impact. It is also about our people and the quality of our relationships and is grounded in the firm’s core values of respect, trust, service, accountability, and inclusion. I am impressed each day by our team’s remarkable resilience and support for one another, and I look forward to sharing the progress we will continue to make for our team, clients, communities, and the environment.
Thank you for taking the time to read our report.