《Jefferies Group Inc. (JEF) 2024年CSR报告「NYSE」.pdf》由会员分享，可在线阅读，更多相关《Jefferies Group Inc. (JEF) 2024年CSR报告「NYSE」.pdf（58页珍藏版）》请在三个皮匠报告上搜索。
1、Sustainability ReportMARCH 2024/2024 SUSTAINABILITY REPORT2 MARCH 2024 SUSTAINABILITY REPORTTable of ContentsIntroduction 3Letter from Our CEO And President 3Letter from The ESG/DEI Committee of the Jefferies Board 4About Jefferies 52023 Sustainability Highlights 7 Sustainability at Jefferies 8Our A
2、pproach 9Governance of Sustainability 10Stakeholder Engagement 12 Sustainable Finance 13Jefferies Sustainable Investment Statement 14Sustainable Finance Solutions and Services 15Global Investment Banking and Capital Markets 17Asset Management 18Sustainability and Transition Strategy 19Jefferies 2023
3、 Conferences and Summits 20 Our Team 21Supporting Our Global Team 22Investing in Our Talent 23Diversity,Equity,and Inclusion 24 Giving Back 28Doing Good 29Jefferies Family Scholarship 312023 Employee Volunteerism 32Responsible Business Practices 33Business Ethics and Compliance 34Data Security and C
4、ustomer Privacy 35Risk Management 37Supply Chain Management 38Responsible Approach to Tax 39 Environmental Stewardship 40Our Approach 41 Building Climate Resilience 41Managing GHG Emissions and Operational Impacts 46 Highlights at Our Investee Companies 49Berkadia 50HomeFed 51 Appendix 52Sustainabil
5、ity Accounting Standards Board(SASB)53Task Force on Climate-Related Financial Disclosures(TCFD)55U.N.Sustainable Development Goals(SDGs)56 About This Report 57Disclaimer 57INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLI
6、GHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT3Letter from Our CEO and PresidentFour years ago,in the introduction to our inaugural sustainability report,which was titled“Whats Past is Prologue,”we stated that“words have meaning”and that“our lexicon needs updating.”At t
7、hat time,we were commenting upon the fact that the catch phrase we lived by,“long-termism,”needed to be updated to“sustainability.”When we made that comment,it was a paean to the great results our team had achieved because of their dedication to long-termism.And it was taking notice of how everythin
8、g Jefferies had done over its then nearly six decades fit squarely within all four corners of the environmental,social,and governance(ESG)and diversity,equity,and inclusion(DEI)movements.Now there seems to be a new movement and an effort to rewrite the lexicon just as we were getting used to it.Keep
9、ing up with these movements is no easy feat!Some say that ESG is a bad word.We are told that it has been weaponized.Lawsuits have emerged.Party platforms have solidified.Even the Harvard Business Review is jumping on the bandwagon.As just one example,in its December 2023 issue,it published an articl
10、e titled“ESG is Under Attack.How Should Your Company Respond?”1 Likewise,ESGs cousin,DEI,has become a profanity.Recently,Fortune told us that DEI has become weaponized and cast as a villain.2 Here,too,we read about legislation and litigation and a bunch of other things.And just a few weeks ago,the N
11、ew York Times published“Facing Backlash,Some Corporate Leaders Go Under the Radar with D.E.I.”3 which talks about employing DEI initiatives in a“less in your face way.”Did we mention these movements are hard to keep up with?As we said in our most recent annual letter to shareholders,4 while we are b
12、oth of a certain age and have really cool and important jobs,at the end of the day we are still two kids from New Jersey.We dont much care about what acronyms have been weaponized or what the movement du jour is.Putting aside our families,who are the most important things to us and whom we care abou
13、t more than anything,the only thing we care about as corporate leaders is Jefferies.We live it.We breathe it.We bleed it.And when we say Jefferies,we dont mean the corporate entity or entities.We mean our Jefferies family;we mean every employee-partner who makes Jefferies run;we mean our incredible
14、Board of Directors;we mean every stakeholder who has entrusted us with the capital to help build their wealth;we mean every client and customer who allows us the privilege of serving them;and we mean our trusted partners like the SMBC Group,MassMutual and Berkshire Hathaway.And the way we care for t
15、hem is to do everything in our power to grow our business,profit,return on equity,and Jefferies share price including,most importantly,doing so in a way that we can sustain over the very long term.We were tempted to call this report the 2024 Long-Termism Report and,with tongue in cheek,to go back to
16、 the future,back to the old lexicon and back to our decades-old pursuit of long-termism.But we stuck with“Sustainability.”This report is filled with all the ways our team is fortifying and growing Jefferies and protecting all our constituencies through being good corporate citizens.We cant say its a
17、lways easy,but we can say its usually pretty simple.Always do the right thing.Treat people fairly.Work hard.Set a good example for others.Leave the campground cleaner than it was when you found it.As you read this report,you will see myriad examples of how we and our team practice these principles e
18、very single day.If you have other things you think we can do,we would love to hear from you.Richard B.Handler Chief Executive OfficerBrian P.Friedman PresidentJefferies Mission and PurposeJefferies is a people-driven business.Our greatest contribution to the world flows through our team of outstandi
19、ng professionals who live the Jefferies values of partnership,service,nimbleness,drive,and humility to make a positive difference in the communities in which we live and work.We strive to be a global leader in investment banking and capital markets and to build value for our clients and stakeholders
20、 by leveraging our diverse team and our culture of resilience and innovation.1 https:/hbr.org/2023/12/esg-is-under-attack-how-should-your-company-respond2 https:/ https:/ https:/ BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVEST
21、EE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT4Letter from the ESG/DEI Committee of the Jefferies BoardWe come to you this year with one less Committee member than we had last year.Our colleague,fellow director,and friend,Barry Alperin,was a director of Jefferies since 2018 and the Chair
22、man of this Committee since its inauguration in 2020,decided to retire.While we are sad to see him go and will miss his leadership on this Committee and on the Board,we wish him the best of luck in this next chapter of his life.To help get him started on that chapter,we supplied him with a fancy Sco
23、tty Cameron putter and a few dozen Titleist golf balls.And to make sure he thinks about us when he plays,we engraved on the putter and imprinted on each and every golf ball“Jefferies.”Barry,thanks again for everything you did for us,the Board,and Jefferies.As you have likely read from our other publ
24、ic filings,MaryAnne Gilmartin,who joined the Jefferies Board in 2018,is our new Committee Chair.Not at all surprisingly,she has followed through on Barrys strong leadership and hard work.One of the results of this years hard work has been an expansion of our measurement of our Scopes 1,2,and 3 emiss
25、ions.For 2021,we measured all Scope 1 and Scope 2 emissions and two categories of Scope 3 emissions(fuel and energy-related activities and business travel).To offset those measured emissions,last year we bought renewable energy credits(RECs)to address Scope 1 and Scope 2 emissions and carbon offsets
26、 for Scope 3 emissions.We took steps to expand our Scope 3 accounting for our fiscal year 2022 inventory.We have measured five additional Scope 3 categories(Purchased Goods and Services,Capital Goods,Waste Generated in Operations,Employee Commuting,and Downstream Leased Assets)for a total of seven c
27、ategories of Scope 3 emissions,including the first two we measured for 2021.To address the impact of our emissions,for fiscal year 2022 we purchased Green-e Renewable Energy Credits(RECs),or nationally equivalent products,in the countries in which Jefferies does business to address emissions associa
28、ted with grid electricity.For our U.S.operations,we purchased RECs generated in New York City.We considered several offset projects and sellers to ensure the purchase of high-quality,verified offsets in the amount of our remaining Scopes 1,2,and 3 emissions not associated with electricity.The offset
29、s purchased were from renewable solar installations in India and certified by Verified Carbon Standard(VCS).We plan to follow a similar process to address the impact of our fiscal year 2023 emissions in the future.We are,of course,not finished.In 2024,we may explore further opportunities to reduce o
30、ur environmental impact through operational efficiency measures in the offices and data centers we occupy,reduce our impact from our business travel,expand internal training,and pursue additional engagement with our supply chain.We are very much looking forward to the results of that work,which we w
31、ill report back on next year.In addition to those efforts,we are pleased to report that,in 2023,senior management hired Management Leadership for Tomorrow(MLT),a nonprofit organization committed to advancing racial equity,to conduct a racial equity and gender equity diagnostic.Following the completi
32、on of the diagnostic,we will be participating in MLTs Racial Equity at Work Certification program,a comprehensive improvement system designed to drive action toward enhanced racial equity.We are particularly interested in hearing from MLT on how we can refine our efforts to increase the ethnic and r
33、acial diversity at Jefferies.As we have said before,we would love to see the larger Jefferies reflect the diversity that is now reflected on our Board.We are not going to pretend that it will be easy.Our decades of professional service in our careers forces us to recognize that there are myriad hurd
34、les to achieving that goal.But,as we have said before,with Rich and Brian at the helm,we are confident that the same smarts that have propelled Jefferies into the global powerhouse it has become will also propel Jefferies to achieve the diversity profile we seek to achieve.ESG/DEI Committee of the B
35、oardMaryAnne Gilmartin(Chair)|Linda L.Adamany Matrice Ellis Kirk|Thomas W.Jones|Jacob M.KatzJefferies Board Diversity Diverse Lead Independent Director45%5 of 11 directors are diverse by gender/ethnicity63%5 of 8 independent directors are diverse by gender/ethnicity55 of 11 directors added in last f
36、ive years3Board Committees chaired by Diverse Independent Directors36%4 of 11 directors are womenINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPOR
37、T5Who We Are Jefferies is one of the worlds leading full-service investment banking and capital markets firms.Distinguished by our partnership culture,the depth of insight we deliver to our clients,and our flat entrepreneurial structure,we have had incredible consistency of leadership and strategy.T
38、his difference has fueled our growth across all services and enabled us to deliver for our clients at their most critical moments.About Jefferies1 Employee-partner headcount is as of November 30,2023,and excludes employees of our Stratos,OpNet,HomeFed,Foursight Capital,and M Science subsidiaries.Thi
39、s Sustainability Report primarily addresses the activities of the main broker-dealer operating entities of Jefferies Financial Group Inc.Additionally,this report addresses activities of certain subsidiaries and investees,which have their own sustainability programs as presented on pages 49-51.This r
40、eport excludes Vitesse Energy,Inc.,due to its spin-off to Jefferies shareholders in January 2023.3,281 employee-partners in the Americas New York Global HeadquartersAtlanta,Boston,Calgary,Charlotte,Chicago,Dallas,Houston,Jersey City,Los Angeles,Miami,Nashville,Orlando,Palo Alto,Philadelphia,Red Bank
41、,Richmond,San Francisco,So Paulo,Stamford,Toronto,and Washington D.C.644 employee-partners in Asia Pacific Hong Kong SRA Asia Headquarters Beijing,Melabourne,Mumbai,Seoul,Singapore,Sydney,and Tokyo1,343 employee-partners in Europe and the Middle East London European HeadquartersAmsterdam,Cascais,Dub
42、ai,Frankfurt,Madrid,Milan,Paris,Rome,Stockholm,Tel Aviv,Warsaw,and Zurich5,268Worldwide Employee-Partners1Global Growth Number of Countries Where We Operate47 officesin 21 countries31421200420192024We areIdeas and advice to support our clients goals,drawn from our deep sector and product expertise.I
43、nsightfulNimble,entrepreneurial structure,and culture relentlessly focused on and designed to deliver for clients.DrivenIts personal at Jefferies.We forge deep client partnerships built on trust and high-touch service.High TouchINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABI
44、LITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT6Jefferies total Equity Research ranked 5th in the U.S.and 6th in Europe by Research II and 3rd best overall in Asia by Asiamoney for combined Equity Research and Sales
45、Ranked 7th globally by Dealogic in combined mergers and acquisitions,equity capital markets,and leveraged finance verticalsRanked the 6th largest investment banking firm by Dealogic across global mergers and acquisitions and global equity capital markets verticals(excluding China)Working For Our Sha
46、reholdersRanked 1st in ESG research by U.S.Institutional Investor in its 2022 and 2023 surveysRanked 1st in ESG research by European Institutional Investor in its 2023 survey$986 millionin capital returned to shareholders in 2023$6.0 billion in capital returned to shareholders over the last six year
47、sINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT72023 Sustainability HighlightsJefferies began the process of aligning with the Task Force on C
48、limate-related Financial Disclosures(TCFD)framework and advancing climate risk management practices in its European divisions.Jefferies expanded its GHG inventory to include several other relevant Scope 3 categories.In 2023,we took steps to improve the quality of our Greenhouse Gas(GHG)assessment by
49、 leveraging new software in coordination with third-party consultants.The Boards ESG/DEI Committee has oversight of Jefferies sustainability and diversity,equity,and inclusion programs.$22 MillionRaising over$22 million in charitable donations to support over 445 non-profit organizations,including t
50、hose providing humanitarian aid and support to the Maui wildfires and Israel.Ongoing firmwide sustainability education on global topics and business model integrationEngaged 224 unique clients from 84 firms through 12 client-targeted employee resource group events in Chicago,Hong Kong,London,Miami,a
51、nd New York180 Unique events relating to ESG globally,including thematic and expert meetings831 employee-partners participated in the fourth annual Jefferies Cross-Divisional Mentoring Program in 2023.Inclusion-focused employee engagement survey resulted in an engagement score of 82%.82%831Continuou
52、s cyber awareness training to 100%of our employee-partners and contractorsHeld 60+inclusive leadership trainings globally since the programs launch in February 2022/2024 SUSTAINABILITY REPORT8 SECTION 2 Sustainability at JefferiesOur Approach 9Governance of Sustainability 10Stakeholder Engagement 12
53、INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT9We see sustainability as a key contributor to Jefferies long-term growth strategy and business
54、success.Our sustainability program guides how we advance strategic initiatives that more effectively support our global team,decrease our environmental footprint,support the communities in which we work and live,and advance sustainable finance initiatives through our business model.Our Board of Dire
55、ctors recognizes the importance of integrating governance,environmental stewardship,and social responsibility throughout our global operations in alignment with our business strategy to advance long-term enterprise value creation.Executing upon our commitment,we have made great strides in sustainabi
56、lity throughout our firm,but we are not resting as we know we still have much more work to do.Starting with a mature,comprehensive,and realistic view of each sustainability risk and opportunity,specific action must be charted and accountability measures put in place.We see sustainability as a long-t
57、erm commitment that spans the full value-chain,and that is why we are working with our clients to finance and implement a smart,long-term transition that addresses key challenges in a practical manner.Our ApproachWe establish our ESG/DEI strategies to support solutions essential to building a sustai
58、nable future and driving value to our employees,shareholders,and communities worldwide.We strive to maintain a culture of transparency,trust,and respect,and foster an entrepreneurial culture that emphasizes DEI.We aim to make a positive difference in the communities in which we live and work by givi
59、ng back through financial donations,leadership support,and volunteer commitment.We are committed to sound corporate governance and ethical practices,building long-term value for our shareholders,and trust with stakeholders.We continue advancing our environmental stewardship to build climate resilien
60、ce,reduce our carbon footprint,and promote eco-friendly practices across our global operations.Foundation of Our Sustainability ProgramOur TeamGiving BackResponsible Business PracticesSustainable FinanceEnvironmental StewardshipThe foundation of our commitment to sustainability is focused on the fol
61、lowing key areas:INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT10Governance of SustainabilityJefferies governance supports and implements sust
62、ainability strategies across the company,manages goal setting and reporting,strengthens relations with external stakeholders,and ensures overall accountability.We recognize that sustainability benefits society,and also helps our business with long-term benefits,including mitigating risks,attracting
63、new investors and shareholders,increasing the companys equity,and attracting and retaining the best talent.Through our governance structure and policies,we work to align the perspectives of our clients,shareholders,stakeholders,Board of Directors,management,and employee-partners.Board OversightOur B
64、oard,as a whole and through its standing committees,works closely with our executive management to oversee our ESG/DEI initiatives and reporting and sustainable business practices.The ESG/DEI Committee has oversight of Jefferies sustainability and diversity,equity,and inclusion programs.Board Respon
65、sibilitiesOversight AreasBoard of DirectorsESG/DEI program through oversight of our business strategy and annual strategic planningESG,Diversity,Equity,and Inclusion CommitteeESG and DEI risks,strategies,policies,programs,and practices,including risks and opportunities relating to climate changeAudi
66、t CommitteeFinancial reporting and legal and regulatory compliance risk,the Code of Business Practice,and Whistle Blower PolicyCompensation CommitteeCompensation and benefits programs for our officers,and employee-partners,and assistance with Board oversight of policies and strategies related to hum
67、an capital management,including recruiting,retention,and diversityNominating and Corporate Governance CommitteeBoard nominees specifically,including diverse candidates;Corporate Governance Guidelines,and corporate governance policesRisk and Liquidity Oversight CommitteeEnterprise risk management act
68、ivities,including business continuity planning,cybersecurity,and privacy risksINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT11ESG Working Grou
69、pOur ESG Working Group includes cross-functional leaders who meet regularly to discuss sustainability issues critical to our business and stakeholders.The group recommends steps to promote sustainability objectives by developing and driving ESG initiatives to advance sustainability strategies and re
70、ports progress to the ESG/DEI Committee.The ESG/DEI Committee oversees our sustainability program to ensure that our management team discusses sustainability matters while reviewing our business operations,advances initiatives to broaden our workforce diversity,pursues our environmental sustainabili
71、ty strategy,and helps to address social issues outside Jefferies.Key Responsibilities of the ESG/DEI Committee Evaluation of corporate risks,policies,strategies,and programs related to matters of sustainability,climate change,social responsibility,culture,governance,and diversity,equity,and inclusio
72、n Establishment of ESG/DEI policies and formal ESG/DEI assessments to adhere to best practices Oversight of corporate culture and evaluation of progress in workforce diversity and inclusivity Expansion of ESG/DEI reporting Measurement,reporting,and mitigation of our environmental impact Evaluation o
73、f impact on social issues Evaluation of managements efforts to react and respond to social issues affecting Jefferies and the communities in which we operateFirmwide TrainingJefferies provides firmwide ESG education.We educate our employee-partners about ESG and share how Jefferies is advancing sust
74、ainability initiatives.Our employee-partners learn about Jefferies sustainability program and initiatives at onboarding and through ongoing internal employee communication with educational material and updates.Board of DirectorsESG/DEI CommitteeESG Working GroupLegal and RegulatoryRisk ManagementCon
75、trollersAsset ManagementSustainability ManagementJefferies was recognized by the Womens Forum of New York at its“Breakfast of Corporate Champions”for making gender balance in the boardroom a strategic business imperative.Integrated Oversight Learn More:ESG,Diversity,Equity,and Inclusion Committee Ch
76、arterINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT12Stakeholder GroupEngagement ApproachESG/DEI Topics of DiscussionClients Individual client
77、 meetings and information conferences Client communication through platform and regular client outreach Sustainability Matters Summits and ESG Forums Shared community development and support Client questionnaires Integration of ESG/DEI into investment decision-making Assessment of sustainability mat
78、ters and financial implications of critical areas,such as human rights,climate change,and supply chain management Jefferies information security and privacy practicesEmployee-Partners Firmwide town hall meetings and Q&A sessions with Executive Team Annual engagement surveys and review of results and
79、 feedback Virtual meetings and regular employee communication through email and intranet Formal reporting mechanism to raise issues such as fraud,harassment,information security/privacy incidents,and safety concerns Diversity and equal opportunity Health and safety,and remote/hybrid work arrangement
80、s Benefits and compensation Wellness and mental health support Training,professional development,and career advancement Internships and recruitmentShareholders One-on-one meetings to review business and ESG/DEI topics Annual investor meeting Interactions at industry associations and sell-side confer
81、ences Conversations with Investor Relations Team Shared community development and support Business strategy and long-term financial sustainability Sustainability reporting,goals,and executive compensation ESG/DEI initiatives and objectives,such as climate change,workforce diversity,and corporate gov
82、ernance Sustainable investment strategySuppliers Meetings,emails,calls,conferences,and site visits Assessments and questionnaires on business continuity,anti-money laundering and compliance,credit risk,information security,privacy,carbon emissions,diversity,and modern slavery Supplier Code of Conduc
83、t Business continuity and supply chain management Sustainability initiatives,workforce diversity,and eco-friendly business practicesCommunities Collaborations to advance shared priorities of social responsibility and community needs Interactions building community partnerships and volunteerism Phila
84、nthropic donations and investments Meetings in unison with our clients to maximize positive impact Community development and support in areas of racial injustices,access and affordability,healthcare,and wellness support Volunteerism and corporate donationsStakeholder Engagement Ongoing and extensive
85、 stakeholder engagement is key to our business success and impacts our business processes.Our approach helps to inform our Board and management team of sustainability topics critical to our stakeholders,shape the development and execution of our sustainability efforts,and drive long-term shareholder
86、 value creation.The following table summarizes some of the ways we actively engage with key stakeholders./2024 SUSTAINABILITY REPORT13 SECTION 3 Sustainable FinanceJefferies Sustainable Investment Statement 14 Sustainable Finance Solutions and Services 15 Global Investment Banking and Capital Market
87、s 17 Asset Management 18 Sustainability and Transition Strategy 19 Jefferies 2023 Conferences and Summits 20INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINAB
88、ILITY REPORT14Jefferies Sustainable Investment StatementOur Sustainable Investment Statement(SIS)helps our clients,prospective clients,employees,and other stakeholders to better understand how Jefferies defines and approaches these different aspects of sustainable investing and finance.This statemen
89、t was developed through robust stakeholder engagement,including the ESG/DEI Committee and senior executives from multiple Jefferies business units,based on a peer review and recommendations conducted by an external consultant.For more information,please see our SIS on the Governance page of our webs
90、ite.As a leader in the financial sector,we have influence in funding and bringing awareness to issues of sustainability.We believe long-term investors must look ahead to the risks that might impact the value of their investments,as well as identifying investment opportunities over long-term horizons
91、.We also believe that governance is the foundation upon which successful companies are built.It is the mechanism through which Jefferies can ensure that interests are aligned between fellow shareholders,management,and other stakeholders.Climate change is currently one of the top-tier risks facing us
92、 and poses significant challenges for the global economy.At Jefferies,we try to transform these challenges and turn them into opportunities for new and growing businesses that are focused on decarbonization strategies.Through our sustainable finance activities,we help our clients pursue and implemen
93、t low-carbon strategies.As part of our due diligence process,Jefferies assesses various factors that may include financial performance,industry trends,quality of management,reputational,and other risks,as well as ESG factors.We make these assessments for our clients as well as for the investments th
94、at we make on our own behalf.The factors included in our evaluation process continue to evolve and are assessed and adjusted on an ongoing basis.However,Jefferies does not make investment business decisions based solely on ESG criteria,nor do we market ourselves as an ESG investor.We are a member of
95、 Sustainable Trading,an inclusive membership network driving positive change in ESG practices within financial markets trading.Learn moreINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVIN
96、G BACKAPPENDIX/2024 SUSTAINABILITY REPORT15The energy transition accelerated in 2023,with installation of renewable capacity around the world rising by almost 50%in 2023,the fastest growth rate in the past two decades.1 With policy incentives and a wave of innovative digital solutions,climate-relate
97、d capital continues to flow into both public and private markets.Amid this dynamic landscape,investors grapple with a critical question:how to optimally allocate time and capital to emerging clean technologies.At Jefferies,we aim to provide investors with a strategic framework to navigate this compl
98、ex landscape.We are providing clients with finance solutions to advance environmental and social initiatives including affordable housing,renewable energy,and the decarbonization of various industries.We strive to increase the number of green bonds,social bonds,and sustainability-linked bonds.Exampl
99、es of our sustainable financing activity are highlighted over the following pages.Sustainable Finance Solutions and ServicesMunicipal Finance Group Jefferies Municipal Finance Group is a market leader in working with governmental entities and nonprofits to finance their capital needs.Importantly,we
100、continue to be at the forefront of assisting borrowers with evaluating ESG considerations in all facets of capital planning and disclosure,and we have launched many ESG borrowing programs and initiatives for governmental and nonprofit entities across the U.S.1 Executive summary Renewables 2023 Analy
101、sis-IEAJefferies acted as a Left Lead Bookrunner on a$550 million Senior Secured Notes offering for Savers Value Village,Inc.(Savers),the largest for-profit thrift operator in North America operating 317 thrift stores under the Savers,Value Village,Village des Valeurs,Unique,and 2nd Ave.banners.Save
102、rs is committed to redefining secondhand shopping by providing one-of-a-kind value merchandise,ranging from quality clothing to home goods.The company purchases secondhand goods from its nonprofit partners,processes the merchandise,and then sells it in its stores or to wholesale customers.Savers see
103、ks to positively impact the environment by reducing waste and extending the life of products.The company has paid over$580 million to non-profit partners for donated goods since 2018.In 2023,Jefferies Municipal Finance Group served as senior manager or placement agent on over$3.0 billion of ESG-labe
104、led financings(including Green Bonds,Social Bonds,or Sustainability Bonds);since the first ESG-labeled financing was sold in the municipal market in 2013,our team has led$11.9 billion of such financings.In 2023,our ESG-labeled financings supported affordable housing,higher education,primary/secondar
105、y education,solid waste,state revolving fund,transit,and water/sewer projects,among others.More broadly,the work of the Municipal Finance Group also touches on airports,healthcare,power/energy,surface transportation,and other general governmental purposes.Fixed Income TransactionINTRODUCTION/RESPONS
106、IBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT16The Ohio Water Development Authority(OWDA)was created in 1968 to provide financial assistance for environmental in
107、frastructure through the provision of loans to local governments in Ohio.Jefferies served as senior manager on$150 million of Sustainability Bonds issued related to its Drinking Water Assistance Fund Program(DWAF),which provides below-market and zero percent loans(including principal forgiveness loa
108、ns)for planning,design,and construction of water treatment projects to water systems to meet Safe Drinking Water Act standards.The State of Connecticut raised$426 million of Social Bonds,with Jefferies as senior manager,to finance local K-12 school construction projects,which are generally financed
109、through a combination of local funding and State reimbursement.The States reimbursement percentage is determined by a statutory formula that ensures a significantly higher proportion of funding is dedicated to the municipalities that need it most.San Diego Unified School District(SDUSD)is the second
110、 largest school district in the State of California and serves most of the population of the City of San Diego.SDUSD has resolved to achieve net-zero energy districtwide by 2035 and phase out the use of fossil fuels by electrifying all infrastructure.SDUSD has already constructed 75 photovoltaic sys
111、tems,self-generating approximately 32,000,000 kWh of clean energy per year.Jefferies served as senior manager on a$100 million Green Bond issuance for SDUSD(issued as part of a larger issuance in Fall 2023)the designation was reliant on a second-party opinion from Kestrel due to the financings confo
112、rmance with the four core components of the ICMA Green Bonds Principles.Lincoln University is a state-related institution with its main campus in Lincoln University,Pennsylvania,and a School of Adult and Continuing Education in Philadelphia.Lincoln University is the first Historically Black College
113、and University(HBCU)in the U.S.to grant four-year degrees.Jefferies served as senior managing underwriter on a Social Bond issuance for Lincoln University,in which Kestrel provided a third-party opinion related to the financing based on the Universitys mission and history.San Francisco Public Utilit
114、ies Commission(SFPUC)is a department of the City and County of San Francisco and is responsible for maintenance,operation,and development of the water,wastewater,and power enterprises within the City.The SFPUC is committed to providing retail drinking water services to San Francisco and wholesale wa
115、ter to three Bay Area counties in a manner that values environmental and community interests,and sustains the resources entrusted to its care.Jefferies served as senior manager on a$486.9 million Green Bond issuance for the SFPUC(issued as part of a larger issuance in Summer 2023).The designation wa
116、s based on the climate adaptation and/or mitigation benefits of the projects refinanced by the bonds;the bonds are also certified by the Climate Bonds Initiative as Climate Bonds.In 2023,the activities of Jefferies Municipal Finance Group also supported the organizations and projects highlighted bel
117、ow.Municipal Finance Group:2023 Sustainability-Related Initiatives and TransactionsINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT17Global Inve
118、stment Banking and Capital MarketsEnel(Italy)is an Italian power utility and one of the largest renewable generation portfolio owners in the world.Jefferies was sole sell-side advisor on the announced sale of a 150MW geothermal and solar power plants for$271 million to Ormat Technologies.Haddington
119、Ventures(U.S.)is an energy-focused private equity firm.Jefferies was Sole Sell-Side Advisor on the sale of the majority interests in ACES Delta,one of the largest hydrogen production and storage projects in the world,to Chevron.FuelCell Energy(Nasdaq:FCEL)(U.S.)is a publicly traded fuel cell and hyd
120、rogen electrolyzer manufacturer and project operator.Jefferies was Joint Sales Agent for ATM equity issuance program.Tyr Energy/TED Renewables(U.S.)is an independent power and renewable development company.Jefferies was Sole Sell-Side Advisor on the sale of its late-stage 450MW solar development pro
121、jects to Adapture.Renewable Energy Alternatives(U.S.)is a family-office-backed renewables developer:Jefferies was Sole Sell-Side Advisor on the sale of a community solar portfolio to an undisclosed buyer.Burnham RNG LLC(U.S.)is a waste-to-energy developer.Jefferies was Sole Lead Placement Agent on a
122、$186 million Senior Secured Green Bond for the construction of an agricultural wastewater to renewable natural gas project in Pasco,WA.Arglass(U.S.)is a specialized environmentally sound glass manufacturer.Jefferies was Sole Lead Placement Agent on a$213 million Senior Secured Bond to refinance exis
123、ting debt on its state-of-the-art glass manufacturing project in Valdosta,GA.Divert Inc.(U.S.)is a renewable natural gas developer owned by Ara Partners and Enbridge.Jefferies was Sole Lead Placement Agent on$63.4 million Senior Secured Notes for the construction of its Turlock,California,organic wa
124、ste to renewable natural gas project.During 2023,Jefferies supported a variety of sustainability-related deals and transactions related to climate change,energy transition and decarbonization,and social impact,including those highlighted below.INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE F
125、INANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT18CASE STUDY:Energy Transition Blackstone on its acquisition of PowerGrid Components,a provider of mission critical components used in power transmissio
126、n and distribution infrastructure;Carbonvert on the sale of its interest in the Bayou Bend Carbon Capture and Storage(CCS)project to Equinor,which was the largest sale of a CCS project to date;Evero Energy,a waste-to-energy company,in connection with its 215 million debt raise;NEOS Partners on its a
127、cquisition of MGM Transformers,a provider of dry transformers used by the power and renewable energy industries;Rivian,an electric vehicle manufacturer and automotive technology and outdoor recreation company,in its$1.7 billion convertible notes offering;and Verkor,a motive battery manufacturer,on t
128、he companys 850 million private placement.Asset ManagementLeucadia Asset ManagementLeucadia Asset Management(LAM),a division of Jefferies,manages a range of investment strategies spanning diverse asset classes.LAM is a signatory to the Principles for Responsible Investment and has an asset managemen
129、t-specific ESG policy in addition to being subject to Jefferies broader sustainability policies and initiatives.Third-party managers on the LAM platform may have their own ESG policies and integrate ESG considerations into investment decisions.The transition from fossil to renewable generation,the d
130、ecarbonization of transportation,and the drive for greater resource efficiency accelerated in 2023.Wind and solar represented more than 14%and 27%of power generation in the U.S.and Europe,respectively,which constitutes the highest level of renewable generation in history.At the same time,emerging te
131、chnologies in the areas of carbon capture and green hydrogen saw greater investment from both private equity funds and corporations as newly enacted legislation in the U.S.and Europe helped to improve the economics of these technologies.Jefferies carbon-abating transactions generated in 2023 nearly
132、doubled compared to 2022.Jefferies noteworthy energy transition transactions in 2023 included advising:INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY
133、 REPORT192023 Client Engagement 14,100+client touchpoints related to our ESG advisory offering in global equities.1,0001 unique clients interacted with our ESG offering globally.180 unique events relating to ESG globally,including thematic and expert meetings.2023 Published Content 300 ESG-related s
134、trategy reports published globally.Jefferies is proud to have the top ESG Strategy Team in the world,ranked#1 in U.S.,Europe,Japan,and Australia by Institutional Investor survey and Asiamoney Brokers Poll.We have constructed a global Sustainability and Transition Strategy Team that takes both a top-
135、down and bottom-up approach to our ESG research initiatives.The team is led by Aniket Shah,PhD.Mr.Shah leads the integration of ESG and sustainability analysis within the global investment research department and engages with clients on this dynamic area of corporate and financial services.We incorp
136、orate ESG and DEI themes,content,and analyses within our strategy for our clients to integrate into their own investment processes.In this way,we are assessing companies and analyzing trends in relation to clean energy solutions,giving perspective to clients on the impact of carbon markets and other
137、 climate-related market mechanisms and opportunities.The Sustainability and Transition Strategy Team is responsible for a wide range of dedicated expert and corporate events.In 2023,over 14,100 client touchpoints were facilitated through events around the world.A periodic“ESG Strategic Insights”news
138、letter,stakeholder engagement,and advisory service are also part of the broader client offering.We are proud to present Jefferies as“One Firm”to our institutional and corporate clients.Our ESG engagement with corporate issuers on sustainability issues is foundational to gaining a clear sense of how
139、companies of various sizes throughout the world are evolving their respective corporate strategies and reporting based on ESG considerations.Sustainability and Transition StrategyOur top-down strategy currently focuses on key themes within the environmental and social areas of sustainable investing,
140、giving perspective as to how investors can incorporate a thematic view on ESG factors into investments.These themes include climate and the energy transition,human capital and corporate culture,governance and corporate strategy,and policy and regulation.Our bottom-up integration approach involves co
141、llaborating with sector analysts to identify material ESG issues at the subsector level and how these issues may have a material financial impact on the companies we cover from an equity strategy perspective.1 This includes analyst marketing and interactions,bespoke client requests,and industry expe
142、rt meetings.ESG Strategy In Search of Climate Gold Dust:How to Invest in the Net-Zero TransitionThe Step-by-Step Guidebook to US Human Capital AnalysisGovernance Primer:10 Key Corporate Governance QuestionsGlobal|ESG Strategy You Asked,We Answered:10 Common Questions on Europes ESG MarketHeat Pumps
143、in Europe:Getting Less PumpedINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT20We bring together companies and investors for Jefferies corporate
144、 sustainability summits and conferences to discuss practical applications of current sustainability topics.Examples of some 2023 events are listed below.Jefferies 2023 Conferences and SummitsJefferies Climate Finance DayNYC Climate WeekJefferies Deep Sea Mining SummitWhen Net Zero&Nature CollideJeff
145、eries ESG Nuclear Fusion SummitInvestable Paths to Fusion Power at ScaleJefferies Renewables&Clean Energy Virtual ConferenceExamining the Renewable Energy Value ChainJefferies Virtual Aero,Airlines,Chemicals and Defense ESG Summit The State of Sustainable IndustryDuring NYC Climate Week,Jefferies ho
146、sted a full-day event dedicated to climate finance.The agenda included insights into how climate finance has evolved since 2010,the viability of oil and gas companies in the low-carbon transition,how banks and insurance should manage risk,linking executive compensation to emission reduction,honing s
147、hareholder strategies to contribute to emission reduction,the need for decision-useful climate scenarios,and the importance of net-zero financial disclosures.At this event,independent experts and companies seeking to produce from the deep sea shared insights about deep-sea mining.Advocates argued th
148、at the global net-zero transition could need these metals and minerals,while opponents pointed to potentially catastrophic environmental impacts in this dialogue.For decades,nuclear fusion has offered the promise of limitless clean power.Commercial-scale plants have,however,remained always out of re
149、ach for the energy industry.For the first time ever,scientific breakthroughs mean we may be on the cusp of making fusion power a reality.Industry expert Dr.Melanie Windridge and companies at the cutting edge of nuclear fusion joined forces to explore the investable opportunities for nuclear fusion.T
150、his event considered perspectives across the renewable energy value chain,including renewable power generation,for example,from wind and solar;sourcing of key raw materials,such as cobalt,lithium,and rare earth metals;energy storage and distribution through batteries and hydrogen;decarbonization ini
151、tiatives from upstream actors;and related enabling technologies such as fuel cells.Our Industrials Summit consisted of virtual presentations with C-Level executives and industry experts focused on ESG and new sustainable technologies.This virtual summit focused on how companies can create new franch
152、ises helping their customers and consumers adapt to climate stress and reduce their climate impact./2024 SUSTAINABILITY REPORT21 SECTION 4 Our TeamSupporting Our Global Team 22 Investing in Our Talent 23 Diversity,Equity,and Inclusion 24INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCES
153、USTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT22Wellness ProgramsSupport for the physical and mental health of our employee-partners is and will continue to remain our top priority.Employee-partners who qu
154、alify for comprehensive healthcare benefits have access to our Employee Assistance Program(EAP),a confidential resource available to help with personal challenges.The EAP provides access to confidential counseling for difficulties such as marital and legal problems,drug or alcohol abuse,depression o
155、r stress,and childcare.Jefferies provides other wellness programming and resources to support our employee-partners.We host wellness webinars led by mental health experts.Our webinars focus on topics such as managing anxiety,supporting employee-partners to prevent burnout,harnessing empathy in the w
156、orkplace,resiliency in a world of uncertainty,embracing a year of powerful change,nutrition and healthy eating habits,and more.These sessions are tailored to the audience based on the region in which they are being delivered.We also offer our employee-partners confidential,one-on-one wellness counse
157、ling with third-party mental health experts.This service is available to anybody seeking supplemental support and guidance.Additionally,to encourage good physical-health practices,we have a robust lineup of fitness classes.We offer our employee-partners free access to a digital fitness application.J
158、efferies also partners with well-known fitness studios in New York and London to provide our employee-partners access to“Jefferies-only”classes.Supporting Our Global TeamEmployee Health Benefits We provide competitive health benefit options that augment employee retention and attract prospective tal
159、ent.Jefferies does not use a one-size-fits-all construct for its work-life balance policies.Globally,expecting and existing parents have access to resources that include one-on-one access to clinicians,experts,and specialists through an external partnership.Jefferies offers generous parental leave b
160、enefits,including paid time off for primary and secondary caretakers,lactation rooms,backup childcare,and incentives for expectant mothers to participate in a Healthy Pregnancy Program.Our family-forming inclusive benefits,through our Global Fertility,Surrogacy,and Adoption Program,provides$25,000 t
161、o all employees hoping to expand their families.Our benefits program also supports parents returning from leave by pairing them with employee-partner buddies who give advice on successful reintegration into the office.In 2023,we continued to expand our inclusive benefits offerings to provide a range
162、 of resources to support employee needs related to perimenopause and menopause through our partnership with Cleo.Our global team and its entrepreneurial spirit define Jefferies.Our flat structure empowers our employee-partners to leverage their talents and experience to serve clients,manage teams,an
163、d define their personal work-life balance.We are committed to doing our best to maintain a culture of transparency,trust,and respect.We invest in the resilience and well-being of our employees and address issues that affect the health,community,economic stability,and social identity of our workforce
164、.We foster an inclusive environment,maintaining safety and well-being in and out of the workplace,while respecting the cultures of the countries in which we live and work.We comply with relevant occupational health and safety laws with the goal of minimizing exposure to health risks and maximizing s
165、afety.We offer competitive health benefits and additional services,such as wellness classes,counseling,guest speaker series,and health incentives.5,268Our global team of 5,268 employee-partners and their entrepreneurial spirits define Jefferies.INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE
166、FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT23DEVELOPING INCLUSIVE LEADERSSince the launch of Inclusive Leadership Training in February 2022,we have achieved 100%completion across 60+sessions glo
167、bally through fiscal year-end 2023.JOE LEWISMD Corporate Hedging and FX SolutionsCongratulations to Joe Lewis on his appointment to the Options Clearing Corporation(OCC)Board of Directors.The OCC is the worlds largest equity derivatives clearing organization,and Joes appointment is a testament to hi
168、s extensive track record and exceptional expertise advising clients in the currency and derivatives markets.Mr.Lewis is a widely respected leader at Jefferies with an innovative,forward-thinking mindset.As the co-founder of the Jefferies Network of Black and Latino Employees(J-NOBLE),he fosters a be
169、st-in-class work environment,emphasizing the importance of diversity and inclusion in company culture.ALICE TAPSIKOVANamed“Rising Star”by Financial NewsCongratulations to Alice Tapsikova,who was named a Rising Star of Investment Banking by Financial News London,an honor that highlights young profess
170、ionals who stand out among their peers.Since joining our firm in 2018,Alice has had an integral role in growing Jefferies into a top-ranking infrastructure franchise in Europe.She is responsible for the European utilities coverage and assisting clients in investing in energy transition opportunities
171、.Ms.Tapsikova is also a champion for diversity and young talent development at Jefferies through her involvement with JEMS and jWIN.Employee Engagement Our annual Inclusion-Focused Employee Engagement Survey enables employee-partners to provide feedback on an anonymous basis.The survey resulted in a
172、 73%employee participation rate and an inclusion score of 82%,in line with the financial services benchmark.These results were shared with the Board and the ESG/DEI Committee,including progress made on the actions recommended following previous years surveys.Investing in Our TalentTraining and Devel
173、opmentWe are passionate about developing a culture of leaders at Jefferies by investing in our employee-partners at every stage of their careers.We offer customized year-long training curriculums across divisions and title levels globally for Investment Banking,Fixed Income,Equities and Corporate fo
174、cused on upskilling,professional development and management best practices.We also offer mentoring initiatives,including our firmwide Cross-Divisional Mentoring Program,Career Advisory Program,and New Hire Buddy Program.We provide our employee-partners at all stages in their careers with the tools t
175、o become thoughtful and effective leaders.Employee SpotlightsThe survey resulted in a 73%employee participation rate and an inclusion score of 82%,in line with the financial services benchmark.82%Through technical and professional educational development courses designed to support employees in thei
176、r current roles and prepare them for advancement and future career opportunities,we are supporting employees to meet their career objectives and contribute more meaningfully.Jefferies offers tuition reimbursement for eligible college and other educational courses.Our Women in Leadership Series provi
177、des learning,development,and networking opportunities to position our female leaders for success.Our Jefferies Womens Initiative Network Career Catalyst Program offers development and networking opportunities to Vice President promotes.Our leadership development program,sponsored by our Jefferies Bl
178、ack and Latino Network(J-NOBLE)and Jefferies Ethnic Minority Society(JEMS),is aimed at providing professional development and career advancement training to participants.We also offer continuing education opportunities to our employee-partners through annual educational benefits to help them advance
179、 their technical,financial,communications,and leadership skills.1 The financial services benchmark represents a range of financial services companies from more traditional,large financial services firms to small,regional organizations.The benchmark is made from approximately 10 million questions ans
180、wered in the last 12 months from over 200 organizations(ranging in size from 20 to 24,400 people).INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPO
181、RT24Our DEI Strategy and Oversight Our commitment to DEI is a key element of our sustainability strategy.We aim to have a diverse composition of leaders among our Board,management teams,and across our global workforce.We believe that diversity throughout Jefferies not only creates an inclusive envir
182、onment but also delivers visible results.The ESG/DEI Committee of the Board has oversight of DEI strategy and initiatives.Our Diversity Council,co-chaired by our CEO and President and sponsored by executive leaders,ensures that DEI is integrated into our recruitment,retention,development,and promoti
183、on of diverse individuals across the firm.We have a unique approach that is focused on recruiting a diverse pipeline of talent and providing tools and resources to support advancement of all employee-partners at Jefferies and beyond.We are committed to building a culture that provides opportunities
184、for all employee-partners regardless of our differences and that supports a workforce that is reflective of the communities in which we live and work.To foster an inclusive work environment,we have implemented policies and measures focused on nondiscrimination and sexual harassment prevention.We als
185、o have an internal website dedicated to DEI.In 2023,we began publishing our EEO-1 data externally.Diversity,Equity,and InclusionBuilding Blocks of DEI StrategyOur DEI Strategy continues to focus on initiatives that expand representation,build upon employee-partners sense of inclusion,and focus on eq
186、uitable policies and practices.Showcasing DEI Initiatives and Communication Internally and ExternallyCommunication of progress toward a diverse and inclusive workplace,internally and externally.MARKETING AND BRANDINGManage What Is MeasuredOngoing measurement of representation,engagement and experien
187、ces to foster continuous improvement.METRICSInnovative Thinking for Clients and Lasting Change for Our CommunitiesPooling our collective insights to provide innovative thinking for clients in creating lasting change in the communities in which we live and work.CLIENT AND COMMUNITY ENGAGEMENTFosterin
188、g Inclusive LeadershipAll employees are accountable for fostering an inclusive workplace.ACCOUNTABILITYBuilding Inclusive TeamsFocus on broadening the pipeline from which we recruit and hire talent.RECRUITINGTraining Our Leaders and Future LeadersEquipping our people at all stages with the tools nec
189、essary to become thoughtful,inclusive,effective leaders.EMPLOYEE DEVELOPMENTFostering Community and BelongingEach ERG is founded on the core pillars to recruit,retain,and empower diverse employee-partners and promote community outreach and engagement.EMPLOYEE RESOURCE GROUPS3,656As of November 30,20
190、23,3,656 employee-partners updated their self-identification.INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT25Inclusive Recruiting ProgramsWe a
191、re focused on broadening the pipeline from which we recruit and hire diverse talent through both campus and lateral hiring initiatives.We seek to provide both a diverse slate of potential candidates and a diverse panel of interviewers.We provide hiring managers with interview resources that support
192、inclusive hiring practices.Globally,our hires have become more diverse over time,with female representation increasing by 15%between 2018 and 2023.For campus recruiting,we have partnered with several organizations globally to increase access to qualified candidates.We host insight days and symposium
193、s that describe Jefferies and investment banking to candidates who come from a diverse range of backgrounds.In 2023,we welcomed 374 interns globally from 154 different colleges,universities and business schools,of which 78%were from diverse backgrounds and experiences.We also ran over 20 diversity-f
194、ocused campus recruiting programs.In 2023,we launched an Investment Banking MBA Fellowship Program to support Summer Associates based on their outstanding achievements and financial need.Each Fellow is paired with a Managing Director-level mentor and provided developmental support.This year,we contr
195、ibuted a total of$200,000 toward our Fellows tuition for the second year of their MBA program.Laterally,we have several programs to attract talent,including our Career Relaunch Program,a 12-week immersive program that offers those who have been out of the workforce for at least two years an opportun
196、ity to relaunch their careers.Participants receive training focused on both professional and technical skills,support and mentorship.Additionally,the Equity Research Career Switch Program offers diverse candidates the opportunity to pivot into a career in investment banking.These participants receiv
197、e senior leader mentorship and in-depth knowledge of a market sector to learn how to assess a companys strategy,financial outlook,and securities value.Inclusion-focused proficiency rolled out in annual review process Career Relaunch Program and Career Switch Program aimed at recruiting diverse later
198、al talent launched Inclusive benefits through Global Fertility,Surrogacy,and Adoption Program expanded New Parent Buddy Program created Second Annual Inclusion Survey completed Third-party expert engaged to conduct a racial equity audit in 20232021 Inclusion-focused survey launched and progress made
199、 on resulting proposed actions Global self-identification metrics collected Unconscious Bias Training rolled out J-Asia,JEFAbilities,global NextGen launched Bespoke DEI development training program enhanced Pronouns added to intranet DEI internal website launched External branding displayed through
200、LinkedIn posts DEI Team expanded from two to four20222023DEI Strategy and ExecutionJefferies Employee Resource Group,Jefferies Network of Black and Latino Employees(J-NOBLE),welcomed rising high school senior and college freshmen students from Prep for Prep to participate in two immersion days at ou
201、r New York headquarters to learn about opportunities for a career in financial services.Inclusive Leadership Training rolled out Conducted racial and gender equity diagnostic Retained expert consultants for equal pay analysis Self-ID campaign launched to increase data collection Third Annual Inclusi
202、on Survey completed Engaged clients through 12 ERG events Menopause benefits rolled out;parental leave flexibility introducedINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPEND
203、IX/2024 SUSTAINABILITY REPORT26June 2023:J-Asia London colleagues celebrated the Dragon Boat Festival and participated in a unique dragon boat race training experience,followed by traditional Chinese cuisine.March 2023:Our Disability and Neurodiversity Employee Resource Group co-chair facilitated an
204、 open conversation with former CEO of PageGroup and permanent wheelchair user,Steve Ingham.October 2023:In celebration of UK Black History Month,JEMS hosted a candid conversation with David Olusoga,addressing topics such as the evolution of racism within the UK and the impact of Black British Histor
205、y on Financial Services.June 2023:jMosaic+colleagues in New York and London gathered throughout the month of June for networking and fitness opportunities to celebrate Pride Month.September 2023:J-Noble fireside chat with JW Corts in celebration of our veteran community and Hispanic Heritage Month.J
206、W shared his experiences as a Gunnery Sergeant in the U.S.Marine Corps and throughout his career as a Hispanic American in the entertainment industry.November 2023:NextGen partnered with the Jersey City local community to host a Thanksgiving food drive,sending volunteers,supplies,and baskets for dis
207、tribution to local families.With the help of NextGen,Jefferies donated 80 turkeys to families in need.November 2023:jVETS EMEA hosted an inaugural Insight Day for 30 service leavers,military veterans,and spouses,providing an introduction into investment banking and capital markets.March 2023:jWIN ho
208、sted an evening of engaging conversation with Mahnaz Safa in celebration of International Womens Day.Mahnaz is a Jefferies International Limited Board Member and Champion for Diversity,Equity,and Inclusion.Employee Resource GroupsOur Diversity Council carries out the strategies of the Employee Resou
209、rce Groups(ERGs).Employee driven and led,each ERG is governed by an Executive Sponsor,Co-Leaders,and a group of Diversity Council members.Focused on creating a culture of inclusion and belonging,our eight ERGs were founded on the core pillars of recruitment,retention,and empowering our diverse emplo
210、yee populations while promoting community outreach and engagement across Jefferies.Participation in each group is open to all our employees globally.There were more than 80 events and initiatives sponsored by our ERGs over the course of 2023.These included opportunities to network with colleagues,vo
211、lunteer and give back to the community,participate in discussions with senior leaders and external guests,and to attend lunch-and-learn sessions with external speakers to raise awareness about various DEI topics.J-Asia is dedicated to celebrating,building,and maintaining a diverse and multicultural
212、community for employee-partners of Asian heritage and allies.JEFAbilities is committed to fostering an inclusive environment in which our workplace enables individuals with disabilities and those who are neurodiverse to reach their full potential.JEMS(Jefferies Ethnic Minority Society)aims to encour
213、age,empower,and invest in the next generation of talent while developing an inclusive working environment that appreciates and cultivates a diverse workforce,reflecting our clients and society at large.jMosaic+is dedicated to fostering an inclusive and open environment for the LGBTQ+community and it
214、s allies across the firm.J-NOBLE(Jefferies Network of Black and Latino Employees)fosters an inclusive,diverse,and equitable working environment with a focus on Black and Latino employee-partners.NextGen(NextGen Advisory Council)serves as a voice for the analyst and associate communities at Jefferies
215、 and helps educate,retain,and elevate emerging leaders across the firm.jVETS(Jefferies Veterans Network)works to recruit,develop,promote,and retain veterans at Jefferies.jWIN(Jefferies Womens Initiative Network)invests in the recruitment,retention,and advancement of women at Jefferies.30%of employee
216、-partners participate in ERG initiatives and events each year.30%80+Over 80 ERG-sponsored programs and events held in 2023INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/
217、2024 SUSTAINABILITY REPORT27PROMOTING INCLUSIVITY WITH CLIENT ENGAGEMENTDuring 2023,we engaged 224 unique clients from 84 firms through 12 client-targeted ERG events in Chicago,Hong Kong,London,Miami,and New York.Several internal events were also extended to clients and friends to continue promoting
218、 inclusivity in the financial services industry.Cross-Divisional Mentoring Program Jefferies Cross-Divisional Mentoring Program is a global initiative with the goal of providing mentorship and learning opportunities and fostering long-term relationships among employee-partners.831 employee-partners
219、participated in the fourth annual Jefferies Cross-Divisional Mentoring Program in 2023.NOVEMBER 2023JEMS and JEFAbilities hosted an inspirational and candid Fireside Chat with Professor Jason Arday,a British sociologist and writer known for his research on race and racism.Professor Arday guided the
220、participants through an engaging discussion of the intersectionality between race and neurodiversity.ERG Spotlight:Race and Neurodiversity831/2024 SUSTAINABILITY REPORT28 SECTION 5 Giving BackDoing Good 29 Jefferies Family Scholarship 31 2023 Employee Volunteerism 32INTRODUCTION/RESPONSIBLE BUSINESS
221、 PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT29Jefferies PhilanthropyDuring our fiscal year 2023,we supported over 445 nonprofit organizations with our charitable donations.D
222、oing Good Global Trading DaysOn Doing Good days,we donate 100%of the net global trading commissions for all trading in equities,fixed income,and foreign exchange by our clients.In addition,Jefferies as a firm makes a corporate donation and invites our global employee-partners to also donate.Doing Go
223、od Harnessing the power of one,our firm,our employee-partners,and our clients collectively band together to address crises and disasters facing our communities around the globe.Through coming together to support others,we continue to promote and advance organizations,people,and causes that are drivi
224、ng positive global change under the most urgent,challenging circumstances.Through Jefferies“Doing Good”Global Trading Days,the firm has raised more than$60 million in the past five years for more than 300 charitable organizations providing aid and relief efforts for the Maui wildfires,COVID-19,Texas
225、,Haiti,Hurricane Dorian,Pakistan,Asia Pacific Tonga,Australia,Ukraine,and Israel.“Doing Good”defines Jefferies,and we are incredibly proud that Doing Good will always be an important and permanent part of Jefferies social fabric.Jefferies Charitable Donations 2023$19,500,000Doing Good Grants$1,450,7
226、69Charitable Sponsorships$791,500Jefferies Family Scholarships$198,353Charitable Matching$195,000Town Hall Charitable Awards$121,133ESG Employee-Selected Charities$102,650GoodToday$62,500Employee Referral Program$57,346ERG,DEI Programs$25,000St.Anns Warehouse$13,608Breast Cancer Awareness Day$22,517
227、,859Grand TotalMaui Wildfire Relief:August 16,2023In response to the Maui Wildfires Jefferies raised over$7 million for 13 charities that provided critical aid and support to those impacted by devastating wildfires in Maui.$7,000,000 DonatedHumanitarian Aid for Israel:October 10,2023Our October 10,2
228、023,Doing Good trading day raised$8.5 million for 11 charities providing critical humanitarian aid to those impacted by violence in Israel.Jefferies efforts also resulted in an additional$4 million in contributions after the trading day closed,increasing the donation amount to$12.5 million.$12,500,0
229、00 DonatedINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT30Arts,Culture and Conservation$25,000American Jewish CommitteeCasa Belvedere,the Ital
230、ian Cultural FoundationCentral Park ConservancyHounds in PoundsPublic TheaterEducation$77,500Children of Fallen Patriots FoundationJefferies Family ScholarshipMarist CollegeSt.Johns UniversityTufts UniversityUniversity of Virginia School of LawYale UniversityHealth and Research$35,000Ceca Foundation
231、Crohns&Colitis Foundation,Inc.Dreams2Live4Elton John Aids FoundationEvelina Childrens CharityGreat Ormond Street HospitalKevin Armstrong MD Memorial SportsSynGAP Research Fund,Inc.Tiny Miracles Foundation,Inc.Underserved Communities$57,000Community ImpactCrown Agents LimitedFriends of HaGal SheliGiv
232、eWellHope for New YorkInspiricaMagic BreakfastMy Sisters PlacePrep for PrepThe Frederick Douglass Project for JusticeThe Kind Kitchen Palm BeachWest Side Campaign Against HungerTown Hall AwardsThe annual Town Hall Awards provide Jefferies with an opportunity to recognize employee-partner accomplishm
233、ents,as well as support the charitable organizations of personal importance to them.Each award was represented by a$5,000 donation to the employee-partners charity of choice.Charitable Sponsorships and Matching Fund ProgramsJefferies has several programs designed to raise and match funds for externa
234、l charitable organizations and non-profits that support our mission of“Doing Good.”Here are a few examples:Varsity MatchesFor the second year,Jefferies sponsored The Varsity Matches.Our support embodying our love of competition and commitment to diverse representation in Sports and Finance.In 2023,w
235、e partnered with The Varsity Matches on several Diversity,Equity,and Inclusion initiatives,and co-collaborated with Leonard Cheshire,a charity that supports independent living and working for people of varying abilities.GoodTodayGoodToday,a non-profit platform that sends a weekday email to employee-
236、partners,makes it easy to support qualified causes and organizations.Employee-partners are able to allocate a Jefferies-sponsored donation between two charities that support the cause of the day.Across the globe,our employee-partners donated over$100,000 through direct and add-on contributions in 20
237、23.$195,000 combined donation to 33 charitable organizations in 2023INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT31Jefferies Family Scholarsh
238、ipFor the 43rd consecutive year,the Jefferies Family Scholarship(JFS)has provided educational awards in support of the children of our employee-partners.These awards are intended to recognize outstanding achievement,both academic and nonacademic,and address financial need and individual excellence.T
239、he$12,500 annual scholarship includes an option to apply for renewal through graduation(a potential award total of$50,000),allowing students to matriculate through their current degree programs.To date,1,384 scholarships have been awarded totaling more than$12.4 million,including$791,500 in awards t
240、o 65 students in 2023.This is an all-time high number of awards and dollars awarded surpassing last year with 15 more recipients and$178,000 more in scholarships.Children of employee-partners attending any level of college,university,or graduate school,as well as those in the last two years of priva
241、te or independent high school,are encouraged to apply.Jefferies has always been defined by its family-centric culture and commitment to giving back.By increasing the scholarship awards,we hope to provide more opportunity and financial support to those pursuing their academic dreams.We can think of n
242、o better gift than education.$12.4 Milliontotal awarded in scholarships$791,500in awards to 65 students in 20231,384total scholarships awarded over 43 years Accounting with a concentration in MIS Binghamton University,U.S.Artificial Intelligence/Cyber Security Rider University,U.S.Behavioral Science
243、 San Jose State University,U.S.Business Administration and Law University of Hong Kong,HK Computer Science University of Toronto,CA Economics and Business Management University of Southampton,UK Environmental Science University of Washington,U.S.Engineering and Computer Science Boston University,U.S
244、.Finance/Economics University of Bristol,UK Liberal Arts Farmingdale State College,U.S.Literature and Publishing Masters program,National University of Ireland,Galway,IE Medicine Columbia University Medical School,U.S.Motorsport Engineering Coventry University,UK Nursing Nassau Community College,U.S
245、.Philosophy,Politics and Economics Durham University,UKSelection of 2023 Scholarship Recipients“There is no limit to what you can achieve.”Jefferies Family ScholarshipDedicated to recognizing outstanding achievement and individual excellence,JFS supports the children of Jefferies employees in the pu
246、rsuit of their academic goals,through educational scholarships.INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT322023 Employee VolunteerismChari
247、ty Begins at Home UK Weekly FoodDistribution InitiativeEvery Friday,Jefferies UK Investment Banking employee-partners volunteer for Charity Begins At Homes incredible Food Distribution initiative.Together with other corporate partners,they provide food and life-essential items to those who are homel
248、ess or less fortunate in the London local community.Christmas Comes to Orphans in UkraineThis years Jefferies Frankfurt(JEG)philanthropy initiative collaborated with SONETSCHKO,a non-profit organization,supporting a childrens home in Ukraine,to provide orphaned and partially disabled young children
249、with warm clothes,toys,sweets,and daily essentials.Thanks to donations from more than 40 Jefferies volunteers,an impressive 11,100 EUR was collected and spent on presents,staple foods,and hygiene products for 106 orphaned children and their caregivers in the Ukrainian Zaporizhzhia region.In early De
250、cember 2023,JEG volunteers carefully assembled and wrapped the more than 100 Christmas presents.Later that week,three Frankfurt colleagues loaded a van with the boxes and drove 1,000 kilometers to a transit point in Poland,from which the donated goods traveled to Ukraine.Giving back to our community
251、 demonstrates our core values of employee health and well-being;diversity,equity,and inclusion;and collaboration.Jefferies works with leading inclusion-focused charitable organizations.In 2023,we provided 24 volunteer opportunities for Jefferies employee-partners to give back to their community.Our
252、140 employee volunteers backed up their words with actions,donating time in support of not-for-profits and creating lasting partnerships with our charitable partners.jVETS Partners with The Mission Continues and City of Jersey CityJefferies Military Veterans(jVETS)joined forces with The Mission Cont
253、inues and the City of Jersey City to beautify and enhance Pershing Field Memorial Park.Volunteers dug in and got their hands dirty with park beautification projects and preparation of the community center for a mural to honor WWII Tuskegee Airmen.STEPtember Cerebral Palsy Fundraising and Fitness Cha
254、llengeOnce again,NextGen,JEFAbilities,and Jefferies employee-partners across the globe stepped up and successfully participated in STEPtember,a virtual month-long step challenge that raised awareness and funding for the Cerebral Palsy Alliance Research Foundation.Jefferies employees recorded a colle
255、ctive 24.5 million steps and raised$26,311 in donations./2024 SUSTAINABILITY REPORT33 SECTION 6 Responsible Business PracticesBusiness Ethics and Compliance 34 Data Security and Customer Privacy 35 Risk Management 37 Supply Chain Management 38 Responsible Approach to Tax 39INTRODUCTION/RESPONSIBLE B
256、USINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT34Business Ethics and ComplianceOur employee-partners and Board members maintain a high standard of conduct and foster a c
257、ulture of transparency and trust.Code of ConductJefferies Code of Business Practice(Code)applies to Jefferies and its subsidiaries,our employee-partners,officers,and directors.We embrace the importance of managing our business in full compliance with all applicable laws and regulations.Each employee
258、-partner and officer is required to annually certify in writing both receipt and review of the Code.Our Code outlines our values and principles and provides guidance for reporting violations and covers various topics,including conflict of interest and insider trading.We have an open-door policy that
259、 encourages employees,consultants,independent contractors,vendors,and interns with workplace concerns(including any alleged discrimination or harassment)to bring those concerns to the attention of their manager,a member of the Legal Department or Human Resources.Jefferies also has an Ethics Hotline
260、for reporting complaints,including anonymous complaints.Employee Awareness and TrainingEmployee-partners undergo mandatory training that covers different risks to the company,including our Code,trading,technology,data protection and privacy,cybersecurity,market and regulatory compliance,fraud and th
261、eft,business disruption,clients and business practices,and people risk.As part of our ongoing effort to maintain a culture of mutual respect,all Jefferies employee-partners are required to attend a mandatory Sexual Harassment Prevention Training annually,and in 2023,100%of employee-partners undertoo
262、k Unconscious Bias Training.Anti-Money LaunderingJefferies and its senior management are firmly committed to compliance with all applicable laws and regulations relating to combating money laundering activity and terrorist financing.Where applicable at the operating subsidiary level,an Anti-Money La
263、undering(AML)Program has been implemented that includes internal policies,procedures,and controls;the designation of an AML Compliance Officer;an ongoing mandatory employee training program;provisions for an independent auditor to the test the implementation of the AML Program;and risk-based procedu
264、res for conducting ongoing customer due diligence,including understanding the nature and purpose of the customer relationship and conducting ongoing monitoring to identify and report suspicious transactions and to maintain and update customer information.Anti-Bribery and Corruption Jefferies has a z
265、ero-tolerance approach to bribery and corruption.Our policy prohibits bribes of all kinds,whether in a commercial or government setting.This includes the offering,giving,solicitation,or acceptance of any bribe or corrupt inducement,whether in cash or in any other form,to or from any person or compan
266、y wherever located,whether a public official or public body,or a private person or company by any individual employee,director,agent,introducer,finder,consultant,contractor,or other person or body acting on Jefferies behalf,to gain any commercial,contractual,or regulatory advantage for Jefferies or
267、its clients in any way that is unethical to gain any personal advantage,pecuniary or otherwise,for the individual or anyone connected with the individual.Whistle Blower Policy Jefferies Whistle Blower Policy includes procedures for receiving and investigating complaints.The policy provides protectio
268、n for whistleblowers.Our Audit Committee is responsible for handling whistleblower procedures.Progress,Not Politics Jefferies does not maintain a political action committee and does not engage in lobbying activities.Jefferies did not make any corporate contributions or contributions to political par
269、ties.Jefferies does not reimburse,compensate,or otherwise incentivize employee-partners for making political contributions.We have a Political Contribution Compliance Policy in place that is intended to prevent any conflict of interest or pay-to-play practices with political contributions to state a
270、nd local officials who may have influence over the awarding of government and public business to financial service providers.INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPEND
271、IX/2024 SUSTAINABILITY REPORT35Annual review of cybersecurity-related policies,standards,and proceduresCentralized administration of user-access permissions Dedicated 24/7 Security Operations Center Third-party vendor management assessmentAnnual penetration testing and regular vulnerability scans En
272、dpoint security,such as anti-virus using industry-leading solutions Firewall traffic monitoring and access activity Data Loss Prevention solutions with strict data classification to detect and respond to potential data losses Physical security for Jefferies premises and data centers System and Organ
273、ization Controls attestationParticipation in law enforcement and industry cyber threat security standard information sharing groupsOur Approach to Data SecurityOur internal data security defense efforts include:Data Security and Customer PrivacyTechnology has enabled unprecedented levels of data sha
274、ring,processing,and analysis.While this has brought many benefits to people and businesses,the need to protect Jefferies,our business partners,and our clients against sophisticated and modern cyber threats is of the utmost importance.Oversight and GovernanceJefferies Chief Information Security Offic
275、er(CISO)oversees our information technology(IT)cybersecurity programs and has overall responsibility for the strategic vision and the design,development,and implementation of and adherence to all necessary protocols related to cybersecurity.The CISO keeps the Board informed about Jefferies security
276、posture and cybersecurity maturity program on a regular basis.The CISO provides updates about cybersecurity events,significant incidents,and new initiatives.In addition,our CISO meets with the chairs of the Risk and Liquidity Oversight Committee and the Audit Committee to cover new cybersecurity tre
277、nds for educational purposes.Jefferies has implemented rigorous data privacy and security controls.We utilize industry-leading frameworks,such as the International Organization for Standardization and National Institute of Standards and Technology(NIST),to set our policies and standards.We strive to
278、 maintain the availability,authenticity,confidentiality,and integrity of Jefferies information assets.Our IT Operational Risk Committee,composed of senior executives across business and control divisions,defines and oversees our key risk indicators.Data Security ControlsWe make sure our internal con
279、trols are effective and meet and,where possible,exceed industry standards.Jefferies uses seven layers of controls:governance,identification,protection,detection,response,recovery,and third-party vendor management.We invest in and utilize intelligence solutions and state-of-the-art technology to defe
280、nd against internal and external cyber threats.ResponseProtectionIdentificationRecoveryDetectionGovernanceThird-Party Vendor ManagementINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING
281、BACKAPPENDIX/2024 SUSTAINABILITY REPORT36Cyber Incident Response ProgramJefferies has a formal,comprehensive,and documented incident response plan that is designed to minimize the impact of a security incident to Jefferies networks,systems,data,users,and business processes.The incident response plan
282、 is aligned with leading cybersecurity incident response practices,including the globally recognized NIST framework.The Security Operations Center conducts regular incident response training exercises and leverages the feedback from those exercises to continually improve the incident response proces
283、s effectiveness against the latest tactics,techniques,and procedures used by threat actors.In addition,we also perform cybersecurity tabletop exercises with our business leaders to assess their readiness in the event of a cyberattack.Cyber Awareness and TrainingJefferies is committed to cultivating
284、a cyber awareness culture.All new joiners are required to take cybersecurity training upon joining,and we provide continuous training to 100%of our employee-partners and contractors,equipping them with the knowledge to protect our sensitive data and customer information.We conduct regular phishing t
285、ests on employee-partners;require remedial training when needed;and offer detailed information on how they can protect themselves from cybersecurity threats together with the security tools which they can use on the Jefferies intranet platform.Information Technology Risk ManagementAn effective IT ri
286、sk management program provides transparency into areas of existing and emerging risks and aligns the risk management processes to meet business objectives.Our IT Risk Framework is fully integrated with our cybersecurity program.Every year,our IT environment is assessed based on the systems availabil
287、ity,authenticity,integrity,and confidentiality.In addition,all technology employees are encouraged to submit any potential risks,aligned with our“See Something,Say Something”culture.Privacy Jefferies is committed to protecting the personal data of our customers,employee-partners,and third parties en
288、gaging with the firm.Jefferies has robust governance processes in place to oversee our collection,processing,and retention of personal data.We continually review how we protect individuals privacy and look for ways to strengthen our privacy program.We are accountable for complying with data-privacy
289、laws and principles,which include requirements to minimize the amount of personal data processed and prevent this personal data from being improperly disclosed(whether by accident or intentionally).Our privacy notices,which include details as to how Jefferies handles and processes personal data,are
290、publicly available on our website.Privacy risk is a subset of operational risk,which is governed by the Jefferies Operational Risk Management Framework(ORMF).The ORMF,together with the European Privacy Risk Control Framework(EPRCF),specifies the procedures and standards under which privacy risk is i
291、dentified,measured,and managed.The EPRCF is in the process of being rolled out globally on an extended basis.Business DriversRisk Culture2134GovernancePolicies and ProceduresRisk Assessment Monitor,Analytics,and ReportingIT Risk FrameworkINTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCE
292、SUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT37Risk ManagementThe extent to which we effectively manage the risks within our business activities is critical to our profitability,financial soundness,and l
293、ong-term viability.Accordingly,we have a comprehensive Risk Management Framework(RMF)with formal governance structures and processes to identify,assess,monitor,and manage risk.Risk Management Framework We have a hierarchy of the Board and its Committees that support an effective risk governance stru
294、cture.Our Global Chief Risk Officer(CRO)and Global Treasurer meet with the Boards Risk and Liquidity Oversight Committee quarterly to present our risk profile and to respond to questions.Through the RMF,the Boards Risk and Liquidity Oversight Committee requires a comprehensive and integrated view of
295、 risk and risk management and the use of a common risk language and taxonomy across the firm.The Risk Management Committee,which meets weekly and comprises our CEO,President,Chief Financial Officer,Global Treasurer,Global CRO,and General Counsel,reviews the firms risk profile,top/emerging risks,and
296、limit utilizations.All activities within the firm that represent idiosyncratic risk or reputational risk are vetted by the Risk Management Committee.Our risk-management processes encompass the active involvement of executive and senior management,and we take a federated approach to risk management w
297、ith risk oversight responsibilities assigned to a number of functions with specific areas of focus.Within the Risk Department,our Global CRO has primary responsibility for overseeing the development and implementation of the RMF,while senior members of the Risk Department own the implementation of i
298、ts supporting policies and procedures.Risk management and mitigation themes are communicated throughout within the organisation,with the“tone from the top”cascaded through the governance structure and respective policies and procedures.Our Risk Management Principles Robust Risk Culture.Everyone take
299、s individual and collective responsibility for mitigating risk.Hands-On Approach.Senior management is deeply involved in the details of our risk management approach.Independent and Integrated.Risk management teams are independent from,yet deeply integrated into,the business.Asset Quality.With a key
300、focus on asset management quality,those assets that are less liquid are particularly scrutinized with additional metrics,limits,and constraints to manage risks.Business Continuity Management We have put in place business-continuity and technology plans reasonably designed to enable us to conduct bus
301、iness outside of traditional Jefferies office work locations,including work-from-home and connectivity options,to authenticate access to Jefferies platforms,proving resiliency across a variety of scenarios in an attempt to maintain and support regardless of physical location.Those plans include busi
302、ness technology to continue to trade and the technology that will permit us to continue to communicate with each other,our regulators,and our partners and affiliates.ESG risks are incorporated into our risk taxonomy reflecting their impacts to Jefferies principal risks within the RMF.The Board is ul
303、timately responsible for the governance and oversight of risk management so that management maintains systems and controls that enable risks to be appropriately identified,measured,managed,and monitored.INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONM
304、ENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT38Supply Chain ManagementJefferies suppliers primarily support our financial services business supplying personnel,purchased goods,and services for our offices and operations.The goods and serv
305、ices provided to us include business services(such as cleaning,catering,security,and print and document services),and professional services(such as external training,audit services,and advisory services in areas such as tax,law,regulation,and insurance),as well as resources related to real estate,te
306、chnology(the systems,software,and equipment to maintain our global technology infrastructure),market data,and travel.Some of our suppliers are engaged on a global scale while others are regional.Supplier Risk GovernanceJefferies Vendor Risk Management group is responsible for coordinating our period
307、ic supplier risk assessment program,which evaluates the risk of critical suppliers and is based on an internal and external questionnaire with responses reviewed by the relevant internal subject-matter experts.The assessment looks at business continuity,anti-money laundering and compliance,credit ri
308、sk,information security,privacy,and other factors important to our business.Each review produces a rating assessment that ultimately informs continued business with a supplier.The assessment also focuses on inquiries addressing carbon emissions,diversity,privacy,human rights,and modern slavery.Our s
309、upplier risk governance includes the formal adoption of the Jefferies Supplier Code of Conduct.This outlines the expectations for suppliers providing products and services to Jefferies,and key areas addressed include ethics,labor,health,safety,and the environment.Human RightsJefferies acknowledges t
310、he pervasive human rights risks,particularly around privacy,data security,and ethical practices in our value chain.Our strong policies and management systems in each of these areas help make us resilient in a volatile world of accelerated innovation,global data proliferation,and fast-changing regula
311、tory frameworks.We also have strong relationships with our business partners to ensure our expectations for ethical business conduct and compliance are passed down.Jefferies applies a risk-based approach to assess the likelihood of the existence of modern slavery and human trafficking within our sup
312、ply chain.We have concluded that this continues to be a low risk;however,we recognize it is important that we continue to monitor this risk.In the event that we should become aware of a case of modern slavery or human trafficking occurring within our supply chain,or any other material breach of our
313、Supplier Code of Conduct,we would take appropriate action,which may include terminating the contract with the supplier.More information on our approach to combating human trafficking in our supply chain is outlined in our Modern Slavery Act Statement.Jefferies is committed to responsible and ethical
314、 business practices in our operations and with our partners,clients,and vendors around the world.We know that managing risks to rights holders is not only the right thing to do,but also good for the financial longevity of our business.Jefferies respects the human rights defined in the U.N.Universal
315、Declaration of Human Rights and follows the framework set forth in the U.N.Guiding Principles on Business and Human Rights.We embed human-rights policies and practices across our business,guided by our Human Rights Statement,Modern Slavery Act Statement,Code of Business Practice,Employee Handbook,an
316、d Supplier Code of Conduct.Vendor Cybersecurity Assessment Jefferies maintains a strong third-party vendor management process that addresses all elements of vendor engagement.A mandatory cybersecurity assessment is required for new vendors that pose potential risk.The assessments are overseen by the
317、 Global Information Security Team to ensure that our policy is being applied consistently and operating effectively.We require critical vendors to complete periodic assessments through which we seek to understand if there have been any significant changes to how a vendor operates or to a vendors ris
318、k environment.INTRODUCTION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT39Our Tax Contributions Responsible Approach to TaxJefferies approach to tax is de
319、signed to be aligned with our business purposes,our global strategic goals,and the needs of all our stakeholders,including clients,shareholders,regulators,tax authorities,and the communities in which we operate.We are committed to complying with all tax laws,rules,and regulations in every jurisdicti
320、on in which we do business.We are a current income taxpayer,both within and outside the U.S.Jefferies does not adopt inappropriately tax-motivated transactions or products and any tax planning is supported by genuine commercial activity.We do not have an appetite for aggressive tax structures.Our ap
321、proach to tax is guided by the following principles:We are committed to adhering to the tax law in all jurisdictions in which we operate.We emphasize strong internal controls.Our tax policy is overseen by our Chief Tax Officer,who reports to the CFO.We are committed to having open and transparent re
322、lationships with tax authorities,including providing country-by-country reporting as required by the Organization for Economic Co-operation and Development(OECD)Base Erosion and Profit Shifting initiative.As with any group of our size and complexity,several areas of differing interpretation or dispu
323、tes with tax authorities may exist at any point in time.We work with the local tax authorities to try to agree and resolve these in a timely manner.With respect to our clients taxes,we are guided by the following principles:We have made considerable investment,implementing processes designed to enab
324、le us to support external tax transparency initiatives and reduce the risk of financial services being used to facilitate customer tax evasion.These initiatives include the U.S.Foreign Account Tax Compliance Act,the OECD Standard for Automatic Exchange of Financial Account Information(the Common Rep
325、orting Standard),the DAC6 EU mandatory disclosure regime,and the UK legislation on the corporate criminal offense of failing to prevent the facilitation of tax evasion.We have processes in place to avoid providing inappropriately tax-motivated products or services to our clients.Our effective tax ra
326、te was 25.9%for fiscal years 2022 and 2023,and we paid cash income taxes globally of$159 million and$214 million,respectively.25.9%/2024 SUSTAINABILITY REPORT40 SECTION 7 Environmental StewardshipOur Approach 41 Building Climate Resilience 41 Managing GHG Emissions and Operational Impacts 46INTRODUC
327、TION/RESPONSIBLE BUSINESS PRACTICESSUSTAINABLE FINANCESUSTAINABILITY AT JEFFERIESENVIRONMENTAL STEWARDSHIPOUR TEAMHIGHLIGHTS AT OUR INVESTEE COMPANIESGIVING BACKAPPENDIX/2024 SUSTAINABILITY REPORT41Our ApproachBuilding Climate ResilienceUnderstanding our risks and opportunities Jefferies recognizes
328、the increasing and evolving risks associated with climate change we understand our responsibility in identifying,assessing,and appropriately responding to such risks.Likewise,we understand that the transition to a low-carbon economy also presents opportunities.We are committed to monitoring climate-
329、related risks and opportunities and integrating them into our planning processes.The rapid transition to a low-carbon economy presents a combination of both transitional risks and physical risks.We see these transitional risks being driven by a combination of external policy as well as technological
330、,reputational,and market changes.Jefferies would expect these transitional risks to materialize over the short to medium term.We see physical risks arising from potentially acute or chronic changes and seek to prepare for the possibility of this materializing over the longer term.The transition to a
331、 low-carbon economy also presents Jefferies with several opportunities.Resource efficiency,for instance through the move to more energy-efficient buildings,may result in reduced operating costs.The use of lower-emission sources of energy,new technologies and participation in the carbon Our governanc
332、e supports and implements climate strategies across Jefferies,as well as managing goal setting and reporting.We recognize that sustainability benefits society,but it also helps our business with long-term benefits,including mitigating risks,attracting new investors and shareholders,and hiring and re
333、taining the best talent.Jefferies pursues an environmental-sustainability strategy that seeks to mitigate our impact on the environment while increasing the efficiency and resiliency of our operations.Our approach to Environmental Stewardship is reflected under the below topics:#1#2In 2023,we took steps towards aligning with the Taskforce on Climate-related Financial Disclosures(TCFD)framework and
0731-84720580
sgpjbg002
工作日 9:30 - 18:00
报告分类
新质生产力
DeepSeek
低空经济
大模型
AI Agent
AI Infra
具身智能
自动驾驶
宠物
银发经济
人形机器人
企业出海
算力
微短剧
薪酬
白皮书
创新药
人工智能
AI产业
信息科技
互联网
消费经济
汽车交通
电商零售
传媒娱乐
医药健康
投资金融
能源环境
地产建筑
传统产业
英文报告
最新报告
中英对照
全文搜索
报告精选
PDF上传翻译
多格式文档互转
入驻&报告售卖
会员权益
机构报告
券商研报
财报库
专题合集
英文报告
数据图表
会议报告
其他资源
行业聚焦
芯片产业
热点概念
全球咨询智库
人工智能
500强
新质生产力
会议峰会
新能源汽车
企业年报
互联网
公司研究
行业综观
消费教育
科技通信
医药健康
人力资源
投资金融
汽车产业
物流地产
电子商务
传统产业
传媒营销
其它
2025低空经济/低空产业报告合集（共46套打包）
2025年美国对等关税/特朗普关税新政报告合集（共30套打包）
AI读财报
年报
一季报
半年报
三季报
IPO招股书
社会责任报告
A股
IPO申报
港股
美股&全球
新三板
AI、科技与通信
广告、传媒与营销
消费、零售与支付
HR、文化与旅游
金融、保险与投资
能源、环境与工业
医疗制药与大健康
物流、地产与建筑
其他行业
AI ▪ 科技 ▪ 通信
数字化
金融财经
智能制造
电商传媒
地产建筑
医疗医学
能源化工
其他行业
收藏
下载
2025-04-14
数据
AI查数
行业数据
政策法规
商业模式
产业链
竞争格局
市场规模
产业概述
其它
2025年
扫码登录
手机快捷登录
账号登录
