NORFOLK,
Va., Jan. 24, 2024 /PRNewswire/ -- PRA
Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and
collecting nonperforming loans, was recognized as a River Star
Business by the Elizabeth River Project for its
unwavering commitment to environmental stewardship and pollution
prevention in the Hampton Roads,
Virginia, area.
For more than 25 years, the Elizabeth River Project has
partnered with diverse communities and businesses that provide
support to their mission of restoring the Elizabeth River, one of
the most active military and industrial ports in the world. The
nonprofit organization honored PRA Group for its environmentally
conscious practices alongside nearly 150 fellow River Star
Businesses during the annual River Star Business Luncheon at The
Founders Inn in Norfolk,
Virginia.
"PRA Group is committed to making an impact in the communities
in which its employees live and work. We are proud to be supporting
environmental stewardship through our community engagement
efforts," said Giovanna Genard, PRA
Group's vice president of global communication and external
affairs. The company's Director of ESG Rodel Urmatan added, "It is an honor to have the
proactive steps we take recognized by the Elizabeth River Project,
which has a fantastic track record of educating the community on
environmental issues and taking proactive steps to restore the
health of the historic Elizabeth River."
As a sponsor of the luncheon, PRA Group continued its
longstanding partnership with the Elizabeth River Project, which
includes a contribution to the Pru and Louis Ryan Resilience Lab.
The three-story 6,500-square-foot laboratory complete with a
boardwalk, research dock and solar panels, is scheduled to
officially open in the spring of 2024. PRA Group funded water
cisterns that allow the facility to reuse non-potable water through
an ultraviolet sanitation and recycling process, which will provide
the lab with its own supply of clean water.
"It's incredible to look back on how far we've come," said
Elizabeth River Project Executive Director Marjorie Mayfield Jackson. "We've made so much
progress in the past few years with innovative initiatives like the
construction of the Ryan Resilience Lab, and we wouldn't have been
able to do it without partnerships with River Star Businesses like
PRA Group."
To coincide with the event, Inside Business published its annual
8-page feature on the River Star Businesses and the environmental
initiatives that earned them River
Star designations, highlighting the ways local companies can
drive positive change. Read more about PRA Group's efforts on page
six:
https://elizabethriver.org/wp-content/uploads/2024/01/Inside_Business_River_Star_Business_2024.pdf
About PRA Group
As a global leader in acquiring and collecting nonperforming
loans, PRA Group, Inc. returns capital to banks and other creditors
to help expand financial services for consumers in the Americas,
Europe and Australia. With thousands of employees
worldwide, PRA Group companies collaborate with customers to help
them resolve their debt. For more information, please visit
www.pragroup.com.
News Media Contact:
Elizabeth
Kersey
Senior Vice President, Communications and Public Policy
(757) 641-0558
Elizabeth.Kersey@PRAGroup.com
Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com
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SOURCE PRA Group, Inc.
