A Force for Good: Equitable Unveils Inaugural ESG Report Business WireA Force for Good: Equitable Unveils Inaugural ESG Report Business Wire
Impact Investing Forum 2023
London. Dec 05-06, 2023.
NEW YORK — (BUSINESS WIRE)–Equitable, a major financial services company and principal franchisee of Equitable Holdings, Inc. (NYSE EQH), today released its first environmental, socio and governance (ESG), which details the company’s strategy, progress in driving sustainable, positive outcomes for all its stakeholders.
Equitable’s inaugural report describes its ESG vision of a force for good, and its aspiration in addressing the needs of its clients, employees, communities, and society. Equitable’s ongoing efforts in harnessing its “big systems”, which are the parts of the business that can create large-scale positive impact, is detailed in the report. This will allow the company to have a lasting impact on the communities where it operates and the people who live and work there.
Mark Pearson, Equitable’s CEO, stated that “delivering exceptional business performance and doing something good for society are our unifying ambitions.” “Our mission as an organization has never been more important and the publication of our ESG Report demonstrates our commitment to be a force for good in helping solve the problems we face today as a society.”
The Equitable ESG Program Progress Report highlights Equitable’s achievements to date, including:
The company’s first sustainable financing issue to finance environmental and social projects, in line with the United Nations Sustainable Development Goals, reinforces its commitment to reducing inequality and creating healthier and more vibrant communities.
The Coalition for Equity in Wholesaling was founded by a group of insurance companies and other organizations. It aims to increase the recruitment, retention, and career advancement of diverse wholesalers in financial services.
As a signatory to The Principles for Responsible Investment, AllianceBernstein will be joining
To improve representation and advancement of Black Equitable workers and Equitable Advisors financial professionals, the CEO Taskforce to Advance Raccial Equity was formed.
Equitable Excellence, the foundation’s flagship scholarship program, is being enhanced to address inequalities in college affordability and access. Since its inception, Equitable Foundation awarded over $30 million in scholarships to over 6,800 students across the country.
Equitable continues to invest significant resources in the holistic well being of its employees. This includes training in adaptive leadership, advanced career modeling, and building the skills that will be of use in the future. Equitable created the Innovation and Design Office in 2019 to improve the company’s ability to deliver value to clients, attract top talent, and grow through innovation. The company launched a unique enterprise-wide transformation program called New Ways of Working to improve innovation, efficiency, client satisfaction, employee engagement, and create a more agile and customer-centric company. Equitable has invested approximately 35,000 hours in training employees on design-thinking and agile methodologies.
Equitable’s ESG Report and Disclosures were prepared in accordance with the Sustainability Accounting Standards Board, (SASB), and the Taskforce on Climate Related Financial Disclosures (TCFD).
Equitable, a principal franchisee of Equitable Holdings, Inc., (NYSE:EQH), has been America’s premier financial services provider since 1859. Equitable offers advice, protection, and retirement strategies to individuals and families. Equitable employs more than 8,000 people and Equitable Advisors financial specialists and serves 2.8 millions clients across the country.
Equitable Financial Life Insurance Company (NY), NY. For more information, please visit equitable.com. Equitable is the brand name of Equitable Holdings, Inc.’s retirement and protection subsidiaries, Equitable Financial Life Insurance Company of America (NY, NY), Equitable Financial Life Insurance Company of America of America (Equitable America), a AZ stock company whose main administrative headquarters are in Jersey City, NJ and Equitable Distributors, LLC. Equitable Advisors, LLC is Equitable Financial Advisors in MI, TN. GE-3940520.1(12/21)(exp.12/23)
i Current as of 9/30/21