Popular formalizes its ESG priorities and promotes sustainable investment | National company
SAN JUAN, Puerto Rico – (BUSINESS WIRE) – July 21, 2021–
Firm in its commitment to its customers, employees, communities and shareholders, and aware of its responsibility as Puerto Rico’s leading banking institution, Popular announced, in its second annual sustainability report, the evolution of its community efforts towards a vision of sustainable corporate development that takes into account the environmental, social and governance (ESG) impact of the company.
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By formalizing its ESG priorities, Popular joins thousands of companies around the world who are increasing their level of transparency around their socio-environmental impacts and setting themselves responsible and sustainable growth objectives. Popular’s second annual sustainability report, which is released as a supplement to the annual report and proxy, summarizes the company’s efforts in 2020 with highlights from the first half of 2021.
“Going forward, meaningful change will only occur if the private sector works collaboratively with the public and nonprofit sectors to address these challenges in the same systematic way that it runs its business. I believe there is an opportunity for Popular and others to engage in constructive dialogues and develop innovative solutions for the benefit of all, ”commented Ignacio Alvarez, President and CEO of Popular, Inc.
As part of Popular’s sustainability vision, the report highlights community, environment and people (employees) as critical areas for continuing to invest responsibly. The report stresses the importance of improving the social and economic well-being of employees and customers and paves the way for the acceleration of entrepreneurship, the use of technology as a means of expand access to financial services, and so that young people can obtain more and better opportunities using education as a basis.
In addition, the company works with a dual approach to the environment. For several years, it has reduced the environmental impact of its daily operations through environmentally friendly branches and other projects such as solar panels and water use, among other initiatives. In addition, Popular is currently developing a plan to offer environmentally conscious products and services, such as loans to finance solar panels, and has incorporated a “green” consideration into the credit analysis process.
Popular is committed to being a great place to work and is focused on fostering a culture that promotes performance excellence and where Diversity, Equity and Inclusion (DCI) is valued. Popular also supports social engagement and promotes and invests in the well-being and development of its employees by following the guidelines provided by the Global Reporting Initiative to retain and attract top talent.
Likewise, the company unveiled the most important goals it will focus on this year. The three main objectives are the training of commercial banking relations managers on the value and importance of ESG due diligence, the establishment of an environmental and social risk management (ESRM) framework and the creation of specific objectives. , to monitor progress and regularly communicate results to be transparent on all ESG priorities.
For Popular, investing and operating responsibly is a step in the right direction. For more information and to view Popular’s ESG report, please access the following link: https://www.popular.com/en/corporate-sustainability/
Popular, Inc. (NASDAQ: BPOP) is the leading banking institution by deposits and assets in Puerto Rico and among the top 50 bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s main subsidiary, provides personal, mortgage and business banking services in Puerto Rico and the United States Virgin Islands. Popular also provides auto and equipment financing, investment, and insurance services in Puerto Rico through specialized subsidiaries. In the United States, Popular provides personal banking, mortgages, and commercial banking services through its New York-based banking subsidiary, Popular Bank, which has branches in New York, New Jersey, and New York. Florida.
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CONTACT: Media Relations:
MC González Noguera, 917-804-5253
Executive Vice-President and Head of Communications and Public Affairs
KEYWORD: CARABES PUERTO RICO
INDUSTRY KEYWORD: FINANCE BANKING ENVIRONMENT PROFESSIONAL SERVICES HUMAN RESOURCES
SOURCE: Popular, Inc.
Copyright Business Wire 2021.
PUB: 07/21/2021 9:00 a.m. / DISC: 07/21/2021 9:01 a.m.
Copyright Business Wire 2021.