Pathward Releases 2023 Sustainability Report
16 Avril 2024 - 3:07PM
Business Wire
Report underscores the company’s ongoing ESG
efforts to power financial inclusion
Pathward®, N.A., one of the nation’s leading financial
empowerment companies, today released its 2023 Sustainability
Report. The report highlights Pathward’s environmental, social, and
governance efforts throughout fiscal year 2023, ending Sept. 30,
2023. The company’s ESG practices in 2023 worked to advance its
purpose of powering financial inclusion because it believes
everyone should have equitable access to the financial network and
the agency to chart their financial path forward.
“Sustainable business practices are woven into the fabric of our
business,” said Pathward CEO Brett Pharr. “They guide our policies,
practices, goals and the way in which we engage with customers,
employees and shareholders. We are immensely proud of the way our
employees embody Pathward’s core values. Their dedication to
continuous improvement drives our company’s purpose forward every
day.”
Pathward drove multiple positive, lasting impacts for
shareholders, customers, employees, communities and the environment
in fiscal year 2023, including:
Environmental:
- Diversifying the company’s portfolio by leveraging the
structured finance lending platform and new tax credit benefits
available to renewable natural gas investors under the Inflation
Reduction Act
- Financing $520.6 million in renewable solar energy initiatives,
representing a 27% year-over-year increase
Social:
- Earning a Great Place to Work® Certification for the first time
and being recognized by Newsweek as one of America’s Greatest
Workplaces 2023, underscoring high employee engagement and
workplace satisfaction
- Boosting employee participation in its Employee Resource Groups
to 31%, representing a 12% increase from FY2022
- Exceeding $1 million in total corporate charitable investments,
engaging in 5,600 employee volunteer hours and awarding 10
scholarships to continue building Pathward’s Community Impact
Program that helps power economic mobility for underserved and
underrepresented populations across the country
Governance:
- Continuing to collaborate closely with regulatory bodies to
maintain high ethical standards to protect employees, customers and
partners, and streamline risk controls to enhance operational
efficiency
- Receiving an award from the Financial Crimes Enforcement
Network (FinCEN) of the U.S. Treasury for Pathward’s Bank Secrecy
Act (BSA) and Financial Intelligence Unit teams
With a focus on purpose, culture and sustainability, Pathward is
also continually pursuing better ways to capture, analyze and
communicate sustainability data and enhance disclosures.
Initiatives for fiscal year 2023 included advancing and monitoring
Diversity, Equity and Inclusion curriculum participation and adding
certain material Scope 3 emissions to its greenhouse gas emissions
tracking.
“With the goal of financial inclusion serving as our north star
at Pathward, we pride ourselves on embracing sustainability efforts
wholeheartedly,” said Pathward President Anthony Sharett. “Last
year, we furthered our charitable investments, upheld our
commitment to renewable solar energy initiatives and found new ways
to make Pathward an even more inclusive and positive workspace for
all. We are proud to reflect on our achievements from the last year
and remain committed to continuing to raise the bar in 2024 and
beyond.”
View Pathward’s 2023 Sustainability Report on Pathward.com.
About Pathward®
Pathward®, N.A., a national bank, is a subsidiary of Pathward
Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial
empowerment company driven by its purpose to power financial
inclusion. Pathward strives to increase financial availability,
choice and opportunity across our Banking as a Service and
Commercial Finance business lines. The strategic business lines
provide end-to-end support to individuals and businesses. Learn
more at Pathward.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240416292340/en/
Media contact: Courtney Heidelberg 605.291.7044
mediarelations@pathward.com
Pathward Financial (NASDAQ:CASH)
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