Pathward Releases 2023 Sustainability Report
Report underscores the company’s ongoing ESG efforts to power financial inclusion
“Sustainable business practices are woven into the fabric of our business,” said Pathward CEO
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
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Financing
$520.6 million in renewable solar energy initiatives, representing a 27% year-over-year increase
Social:
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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
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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
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Receiving an award from the
Financial Crimes Enforcement Network (FinCEN) of theU.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
View Pathward’s 2023 Sustainability Report on Pathward.com.
About Pathward®
Pathward®, N.A., a national bank, is a subsidiary of
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Media contact:
605.291.7044
mediarelations@pathward.com
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