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Environment
Climate change is a serious and increasing problem that affects every community on the planet. IAC is working to mitigate our environmental impact.
Renewable Energy Credits: In 2021 and 2022, we purchased renewable energy credits to offset 100% of carbon related to electrical use at IAC’s headquarters.
Scope 1 & 2 Emissions: 2021 and 2022 Scope 1 & 2 emissions were independently verified by an accredited third party.
Board Oversight: Our Audit Committee has oversight of our climate-related risks and internal controls over climate-related metrics and reporting.
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Social
Our people - the individuals and teams that keep IAC curious and in motion - are at the core of everything we do.
Benefits highlights:
• Flexible work options
• Generous paid family leave
• Subsidized backup childcareDE&I highlights at our businesses include:
• Diversity, Equity and Inclusion (DEI) councils or dedicated executives
• Efforts to increase diversity of candidates in the recruitment process
• Employee Resource Groups (ERG) sponsored and/or led by senior executivesOwnership mentality: Nearly 100% of US full-time employees at IAC Corporate – independent of position, role, or experience – receive equity, as do many employees across our other businesses.
Addressing the opportunity gap: When it comes to leadership, IAC has always favored passion over pedigree. Launched in 2019, the IAC Fellows Program is designed to empower high-achieving college students from historically and systemically underrepresented communities.
Strengthening our communities: In 2022, IAC and its businesses directly made over $1.7 million in charitable contributions and grants. Scholarships delivered through the IAC Charitable Foundation totaled nearly $1 million.
Resources
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Governance
We believe good governance begins with accountability, and IAC is structured to drive accountability throughout our organization.
Data Security & Privacy: Our systems are designed to resist cyberattacks so that we can readily detect and respond to them if they occur. We train employees on safe computing practices and we train our developers to build robust, secure applications that are designed to protect sensitive data and transactions.
Human Rights: In 2023, we added a Human Rights policy to our Code of Business Conduct and Ethics to demonstrate our commitment to respect and uphold the fundamental human rights of all individuals. Our policy is informed by the United Nations’s Universal Declaration of Human Rights and the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work.
Accountability: In 2022, we adopted a stock ownership policy that provides for minimum IAC ownership targets for non-employee directors and IAC executive officers.
Board Diversity: Please see our 2023 Proxy Statement for further detail about the diversity of IAC's Board.
