Environment Social Governance
“As IAC continues to build the next generation of transformative businesses and exceptional leaders, we remain guided by our deep commitment to our employees, our shareholders, our communities, and our drive to be a force for good.”
At IAC we view social responsibility as integral to what we do.
Our environmental, social and governance (ESG) priorities are woven into our day-to-day decision making to help both our businesses succeed and our communities thrive over the long term.
Our 2022 ESG Report is aligned with the UN Sustainable Development Goals, describing key initiatives and how we are advancing each. Additionally, we’ve mapped our ESG disclosures to align with the Global Reporting Initiative (GRI) and Sustainable Accounting Standards Board (SASB) voluntary disclosure frameworks.
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.
Our people - the individuals and teams that keep IAC curious and in motion - are at the core of everything we do.
• Flexible work options
• Generous paid family leave
• Subsidized backup childcare
DE&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 executives
Ownership 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.
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.