San Francisco-based IPA 100 firm Novogradac & Company LLP (FY20 net revenue of $165 million) has released its first social impact report, which outlines how it has responded to the challenges faced by its clients, team members and the communities they serve, and documents the firm’s plans to continue investing in equity, engaging in responsible business practices and managing its social and environmental impact in the years ahead.
“One of our strengths as a firm is our ability to acknowledge the need for change and adapt,” says MP Michael Novogradac. “As this report illustrates, we face a promising future that holds significant opportunity for us to do what we’ve always done: find creative and substantive ways to grow and improve, and to assist our clients and our communities to do the same.”
Among areas highlighted in the 2021 Social Impact Report are a discussion of responsible business topics, including COVID response, business ethics/integrity and customer privacy/data security; a look at issues related to the firm’s staff, including demographics, DEI efforts and employee growth/development; and a review of community engagement activities, including training, events, publications and policy work.
“By focusing on our strengths as a firm, we are creating opportunities for growth and advancement of material issues relevant to our stakeholders and creating avenues to embrace and realize those opportunities,” says chief social impact officer Amy Hook.