CHARLOTTESVILLE, Va., April 22,
2022 /PRNewswire/ -- Blue Ridge Bankshares, Inc.
(NYSE American: BRBS) (the "Company"), the holding company of
Blue Ridge Bank, N.A. (the "Bank") and BRB Financial Group, Inc.,
announced in celebration of Earth Day that the Company intends to
phase out single-use plastics as part of its commitment to carbon
neutrality by 2040. This policy will transition the Company away
from single-use plastic items such as beverage bottles, utensils,
straws, food service ware, and other materials by the end of
2024.
The major initiative demonstrates the Company's commitment to
become an impactful environmental leader in the financial industry
as it continues to implement its environmental, social and
governance ("ESG") efforts. The Company also launched an internal
campaign to boost its recycling efforts.
The Bank is one of only nine in the
United States and the first in Virginia to commit to environmental
sustainability through the Net-Zero Banking Alliance (the "NZBA").
The NZBA is an industry-led, UN-convened alliance of banks
worldwide, committed to aligning lending and investment portfolios
with net-zero emissions.
"Plastic consumption and waste have a meaningful and sustained
negative impact on our environment," said Brian K. Plum, President and Chief Executive
Officer of the Company. "Phasing out single-use plastics and
strengthening our recycling efforts is a quick way to establish an
important win as we continue elevating our carbon-reduction work.
We are committed to continued adaptation, innovation, and
improvement of business practices to attain our carbon-reduction
efforts on, and hopefully before, schedule."
The Bank partnered with ChargePoint, the world's largest
electric vehicle charging network, to install two electric vehicle
("EV") charging stations in the greater Richmond region. The Bank is participating in
ChargePoint's Smart Charging Infrastructure Pilot Program (SCIP),
which supports EV adoption in Virginia.
The Bank was named the "Best Small Bank in Virginia"
in Newsweek's ranking of America's Best Banks
2022. Newsweek's ranking recognizes the financial
institutions that best serve their customers' needs in each state.
The Bank was recognized as the #1 small bank in
Virginia. Additionally, the Bank recently received a 5-star
rating from Bauer Financial, the nation's leading independent bank
rating firm. The 5-star rating denotes a "Superior" rating.
About Blue Ridge Bankshares,
Inc.
Blue Ridge Bankshares, Inc. is the holding company for Blue
Ridge Bank, National Association. The Company, through its
subsidiaries and affiliates, provides a wide range of financial
services including retail and commercial banking, insurance, card
payments, wholesale and retail mortgage lending, and
government-guaranteed lending. The Company also provides
investment and wealth management services and management services
for personal and corporate trusts, including estate planning, and
trust administration. Visit www.mybrb.com for more
information.
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SOURCE Blue Ridge Bankshares, Inc.