Business
Pathward Publishes 2022 Environmental, Social and Governance Report
2022 report reaffirms commitment and outlines progress toward key ESG objectives, including efforts to achieve company’s long-standing purpose of advancing
About this update from Pathward Financial, Inc.
[{"type":"text","content":"\n2022 report reaffirms commitment and outlines progress toward key ESG objectives, including efforts to achieve company’s long-standing purpose of advancing Financial Inclusion for All™\n\n\n SIOUX FALLS, S.D.--(BUSINESS WIRE)--\nPathward®, N.A., a U.S.-based financial empowerment company, today published its 2022 Environmental, Social and Governance Report. The report documents Pathward’s progress over the 2022 fiscal year, ending Sept. 30, 2022, in implementing plans, programs and policies that build upon the company’s culture and purpose to power Financial Inclusion for All™.\n\n\n“From our rebrand, which aligned our brand, mission and mindset, to the restatement of our values, with four key touchstones that help define our work, Pathward reaffirmed our commitment to responsible business practices and providing a path forward for those who use our solutions,” said Pathward CEO Brett Pharr.\n\n\nOver the last year, Pathward advanced its ESG strategy with several initiatives, including:\n\n\n\nEnvironmental:\n\n\nLaunching the first company-wide environmental assessment to help track and disclose information on energy consumption and GHG emissions as Pathward develops programs and future goals to reduce these impacts.\n\n\n\nReducing operational emissions by 4% year over year.\n\n\n\nOriginating $302 million in renewable energy financing for businesses, particularly solar and biogas projects.\n\n\n\n\n\n\nSocial:\n\n\nAchieving 19% employee participation in one or more of its five active employee resource groups.\n\n\n\nMeeting the “Outstanding” goal in all but one performance category of the Community Reinvestment Act evaluation, as Pathward continues to help low- and moderate-income individuals and small businesses.\n\n\n\nLaunching Diversity, Equity, and Inclusion curriculum to provide regular educational and engagement opportunities for employees.\n\n\n\n\n\n\n\nGovernance:\n\n\nEstablishing the Enterprise Risk Management program’s Center of Excellence.\n\n\n\nUpdating Pathward’s Code of Business Conduct while engaging a third-party group to benchmark the Code to best practices.\n\n\n\nCreating new training on the Code of Business Conduct.\n\n\n\n\n\n\nInternally, Pathward’s Talent Anywhere policy has contributed to a more diverse, expansive and flexible workforce. The company also continues to offer opportunities for pers...