RVBA-IPGMarketing Services

Interpublic Group — in detail

Full extracted data, every event in the company's history we've captured, and (soon) external news. The full ratios diagnostic with peer benchmarks lives at /ratios.

Reference sources (2/5)

Source documents
Recent disclosure
Multi-year metrics
Targets
Certifications

External news· 3 ESG-tagged · GDELT

tagged categories: climate · governance · controversy · M&A · regulatory

Source: GDELT 2.0 DOC API · ESG-keyword filtered · 3-month trailing window.

Data by year· every metric + key events per year

Each year shows the firm's reported metrics on the left and the most material events on the right. Up to 10 events per year; the full event log is one click further.

2024

cdp response ↗sustainability report ↗

P&L highlights (USD)

Headcount (FTE)	53,300people
Revenue	10.7B
Cost of revenue	(8.9B)
Gross profit	1.8B
Operating expenses (S&M + G&A)	(616.5M)
Operating income	1.2B
Net income	689.5M

Balance sheet highlights (USD)

Property, plant & equipment	1.6B
Right-of-use (leased) assets	1.2B
Total assets	18.3B
Total debt	3B
Cash & equivalents	2.2B
Minority interest	112.7M

Market & shares

Market cap (FY-end)	10.5B
Shares outstanding	375.2M

2023

sustainability report ↗cdp response ↗

Climate · carbon footprint (tCO2e)

Scope 1	9,030
Scope 2 (market-based)	23,403
Scope 3	380,435
Cat 1 · Purchased goods	215,553
Cat 6 · Business travel	83,031
Cat 7 · Employee commuting	42,472
Gross carbon footprint	412,868
Net carbon footprint	412,868

Energy (kWh)

Renewable energy %

36%

P&L highlights (USD)

Headcount (FTE)	57,400people
Revenue	10.9B
Cost of revenue	(9.1B)
Gross profit	1.8B
Operating expenses (S&M + G&A)	(331.6M)
Operating income	1.5B
Net income	1.1B

Balance sheet highlights (USD)

Property, plant & equipment	1.8B
Right-of-use (leased) assets	1.3B
Total assets	19.3B
Total debt	3.2B
Cash & equivalents	2.4B
Minority interest	103.5M

Market & shares

Market cap (FY-end)	12.5B
Shares outstanding	384.1M

Events 2023· 4

Limited assurance by PwC on GHG and people metrics

PricewaterhouseCoopers LLP performed a limited assurance engagement on certain GHG emissions and certain people metrics for the year ended December 31, 2023.

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Expanded anti-harassment training to all global employees

In 2023, anti-harassment training was offered to all 56,000 global employees for the first time, expanding the reach beyond the prior US-focused training.

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Achieved Scope 1+2 reduction target ahead of schedule

By 2023, Interpublic reported 133% progress toward its Scope 1 and Scope 2 reduction target (50% by 2030 vs 2019 baseline), with combined Scope 1+2 market-based emissions down from 96,102 to 32,433 tCO2e (66% reduction).

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Updated Scope 3 emission factors (EPA NAICS replacing UK DEFRA)

In 2023, IPG updated spend-based emissions factors for Scope 3 Cat 1 (purchased goods), Cat 2 (capital goods) to use U.S. EPA environmentally-extended input output supply chain factors. Cat 3 updated to combination of IEA and UK DEFRA factors. Result: Scope 3 Cat 1, 2, 3 emissions decreased slightly compared to past years.

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2022

cdp response ↗sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	11,193
Scope 2 (market-based)	29,293
Scope 3	432,314
Cat 1 · Purchased goods	286,088
Cat 6 · Business travel	55,659
Cat 7 · Employee commuting	35,650
Gross carbon footprint	472,800
Net carbon footprint	472,800

Energy (kWh)

Renewable energy %

24%

P&L highlights (USD)

Headcount (FTE)	58,400people
Revenue	10.9B
Cost of revenue	(9.1B)
Gross profit	1.8B
Operating expenses (S&M + G&A)	(463.5M)
Operating income	1.4B
Net income	938M

Balance sheet highlights (USD)

Property, plant & equipment	1.9B
Right-of-use (leased) assets	1.5B
Total assets	18.8B
Total debt	2.9B
Cash & equivalents	2.5B
Minority interest	96.4M

Market & shares

Market cap (FY-end)	13B
Shares outstanding	391.5M

Events 2022· 14

Policy on prospective oil/energy/utility client review

In 2022 IPG became the first advertising holding company to publish its decision not to support marketing aimed at extending the life of fossil fuels, and now reviews climate impacts of prospective oil, energy, and utility sector clients before accepting new work.

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Suspended operations in Russia

In March 2022, following Russia's invasion of Ukraine, IPG suspended operations in Russia and ceded control to local management. Affects period-over-period revenue and headcount comparisons.

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Climate review process for new oil/gas/utility clients

IPG became the first advertising holding company to publish its decision not to support marketing/communications aimed at extending the life of fossil fuels, and instituted a due diligence climate review for new prospective clients in oil, energy and utility sectors.

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Inaugural supplier engagement program for Scope 3

In 2022, IPG launched its first supplier engagement program with targeted outreach to top vendors for emissions data and climate strategies, improving Scope 3 measurement accuracy over time.

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SBTi validation of near-term science-based targets

In 2022, IPG received official Science Based Targets initiative (SBTi) validation of its near-term climate action targets: 50% reduction of Scope 1 and 2 emissions by 2030 and 30% reduction of Scope 3 emissions by 2030, both from a 2019 baseline. Aligned with 1.5°C trajectory.

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Acquired RafterOne (Oct 2022) - excluded from 2022 metrics

IPG acquired RafterOne in October 2022. All RafterOne data has been excluded from reported 2022 metrics due to limited data availability, affecting comparability.

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PwC limited assurance on GHG and diversity metrics

PricewaterhouseCoopers LLP performed a limited assurance engagement on certain greenhouse gas emissions and certain employee diversity metrics for the year ended December 31, 2022.

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Appointed first Chief Sustainability Officer

In 2022, IPG appointed Jemma Gould as first Chief Sustainability Officer, spearheading global sustainability programs and reporting to the Board annually with quarterly written updates.

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RafterOne acquisition (Oct 2022) excluded from 2022 metrics

RafterOne was acquired by Interpublic in October 2022. All data for RafterOne was excluded from the reported 2022 metrics due to limited availability of data, affecting comparability of 2022 figures.

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Began third-party limited assurance of Scope 1, 2, and Scope 3 Cat 6

Interpublic began receiving external assurance (limited assurance, AICPA AT105) by PwC for Scope 1, Scope 2, and Scope 3 Category 6 (business travel) emissions in 2022.

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see 4 more events →

2021

sustainability report ↗cdp response ↗

Climate · carbon footprint (tCO2e)

Scope 1	9,350
Scope 2 (market-based)	35,988
Scope 3	350,419
Cat 1 · Purchased goods	238,406
Cat 6 · Business travel	16,738
Cat 7 · Employee commuting	36,545
Gross carbon footprint	395,757
Net carbon footprint	395,757

Energy (kWh)

Renewable energy %

11%

P&L highlights (USD)

Headcount (FTE)	55,600people
Revenue	10.2B
Cost of revenue	(8.4B)
Gross profit	1.9B
Operating expenses (S&M + G&A)	(416.7M)
Operating income	1.4B
Net income	952.8M

Balance sheet highlights (USD)

Property, plant & equipment	2.2B
Right-of-use (leased) assets	1.4B
Total assets	19.9B
Total debt	3B
Cash & equivalents	3.3B
Minority interest	78.8M

Market & shares

Market cap (FY-end)	14.7B
Shares outstanding	393M

Events 2021· 31

Committed to SBTi 1.5°C-aligned target

In 2021, IPG committed to set an emissions reduction target in line with limiting global temperature rise to 1.5°C through the Science Based Targets initiative (SBTi), making IPG a signatory to Business Ambition for 1.5°C and a member of the UN-backed Race to Zero campaign.

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SBTi-validated 50% Scope 1+2 reduction by 2030 (1.5°C aligned)

IPG set a science-based target to reduce Scope 1 and Scope 2 emissions by 50% by 2030 from a 2019 baseline. Target approved by SBTi (validated May 2023), aligned with 1.5°C.

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SBTi-validated 30% Scope 3 reduction by 2030 (well-below 2°C)

IPG set a science-based target to reduce Scope 3 emissions by 30% by 2030 from a 2019 baseline, covering categories 1, 2, 3, 5, 6, and 7. Approved by SBTi.

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Net-zero by 2040 commitment (The Climate Pledge)

IPG joined The Climate Pledge committing to net-zero carbon across the business by 2040, 10 years ahead of the Paris Agreement.

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100% renewable electricity by 2030

IPG set a target to procure 100% of its electricity through renewable sources by 2030 (baseline 2019, 0.3% renewable).

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First climate review for prospective oil/energy clients

IPG became the first advertising holding company to commit to reviewing the climate impacts of prospective clients in oil, energy and utility sectors before accepting new work, and published decision not to support marketing aimed at extending the life of fossil fuels.

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Expanded external assurance to Scope 3 Cat 6 Business Travel

PwC performed limited assurance on certain GHG emissions and employee diversity metrics for year ended Dec 31, 2021. IPG expanded scope of assured metrics to include Scope 3 Category 6 (Business Travel).

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Real estate footprint reduction of 2.2M sq ft (~22%)

As of year-end 2021, IPG reduced global occupied office space by 2.2 million square feet, approximately 22% reduction since 2019, contributing to lower emissions.

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SBTi-validated near-term targets and 2040 net-zero commitment

Interpublic announced company-wide climate action targets in 2021, validated by SBTi: 50% reduction in Scope 1+2 emissions by 2030 (1.5°C aligned), 30% reduction in Scope 3 by 2030 (2°C aligned), 100% renewable electricity by 2030, and net-zero by 2040. 2019 is the baseline year.

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SBTi-validated near-term targets set (50% Scope 1+2 by 2030, 30% Scope 3 by 2030)

Interpublic's near-term science-based targets were approved by SBTi in May 2023, originally set June 2021. Target 1: 50% reduction in Scope 1+2 emissions by 2030 (1.5°C aligned). Target 2: 30% reduction in Scope 3 emissions by 2030 (well-below 2°C aligned). Both from 2019 base year.

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see 21 more events →

2020

integrated report ↗

Climate · carbon footprint (tCO2e)

Scope 1	4,273
Scope 2 (market-based)	51,258
Scope 3	319,611
Cat 1 · Purchased goods	215,955
Cat 6 · Business travel	19,057
Cat 7 · Employee commuting	30,862
Gross carbon footprint	375,142
Net carbon footprint	375,142

Energy (kWh)

Renewable energy %

P&L highlights (USD)

Headcount (FTE)	50,200people
Revenue	9.1B
Cost of revenue	(7.7B)
Gross profit	1.4B
Operating expenses (S&M + G&A)	(763.2M)
Operating income	588.4M
Net income	351.1M

Balance sheet highlights (USD)

Property, plant & equipment	2.1B
Right-of-use (leased) assets	1.4B
Total assets	18B
Total debt	3.5B
Cash & equivalents	2.5B
Minority interest	142M

Market & shares

Market cap (FY-end)	9.2B
Shares outstanding	389.4M

Events 2020· 14

Updated GHG methodology and reached 100% boundary coverage

In 2020, IPG officially reached 100% boundary coverage of all IPG and agency locations globally (over 350 facilities). The 2020 GHG emissions used an updated methodology which may cause variation in year-over-year comparisons.

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Enhanced GHG methodology and 100% boundary coverage

In 2020, an enhanced methodology was implemented which may cause some variation in comparing year-over-year data. IPG also achieved 100% boundary coverage of all 350+ facilities for the first time.

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IT data center footprint reduced 60%

In 2020, IPG reduced enterprise data center square footage by 60%, expecting additional energy reductions in coming years. Primary data center power consumption was reduced 32% in 2019 vs 2018.

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COVID-19 office closures drove emissions reductions

In 2020, IPG saw 55% progress toward its Scope 1 and Scope 2 reduction target; reductions were attributed largely to office closures related to the COVID-19 pandemic, not structural decarbonization.

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COVID-19 pandemic reduced office footprint by 1.7M sq ft (11%)

In 2020, due to COVID-19, IPG vacated approximately 1.7 million square feet globally (11% of total space), shifting to work-from-home and flexible schedules. This will likely reduce business travel and Scope 3 emissions for the foreseeable future.

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Reached 100% boundary coverage of all global facilities

In 2020, IPG officially reached 100% boundary coverage of all IPG and agency locations and offices around the world (over 350 facilities), up from 65% coverage in 2017. 2018 became the first year with 100% boundary data.

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Updated GHG methodology

The 2020 GHG emissions used an updated methodology which may cause some variation in comparing year-over-year data. 2020 also marked achieving 100% boundary coverage of operations.

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Expanded Scope 3 inventory beyond air travel

In 2021, IPG expanded its Scope 3 inventory beyond historical air travel emissions reporting. Performed Scope 3 inventory for 2019 and 2020 calendar years including Cat 1 (Purchased goods), Cat 2 (Capital goods), Cat 3 (Fuel/energy), Cat 5 (Waste), Cat 6 (Business travel), Cat 7 (Employee commuting). Cat 4 included in Cat 1.

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Exploring science-based targets

In 2020, having reached 100% emissions boundary coverage, IPG announced it is exploring opportunities to set more comprehensive and science-based targets in the future.

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PwC limited assurance on GHG and diversity metrics

PricewaterhouseCoopers LLP performed a limited assurance engagement on certain greenhouse gas emissions metrics for the year ended December 31, 2020 and certain diversity metrics as of December 15, 2020.

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see 4 more events →