Valley Bank Issues First Annual ESG Report Highlighting Social Progress and Environmental Impact Argus PressValley Bank Issues First Annual ESG Report Highlighting Social Progress and Environmental Impact Argus Press
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NEW YORK — (BUSINESS WIRE)–January 11, 2022–Valley National Bank (NASDAQ :VLY), has released its first annual Environmental, Social and Governance report. This report highlights the Bank’s cultural and social achievements and focuses on the climate change risks and opportunities. The report includes information about the work done in 2020 and the first half of 2021. It reflects Valley’s mission to promote inclusive growth, economic opportunity, and positive societal impacts. It also reinforces Valley’s commitment to the TCFD and SASB frameworks. The complete report is available at www.valley.com/ESG.
Highlights include:
Valley’s social impact includes DEI initiatives, community engagement and philanthropy, as well as support for affordable housing.
Valley’s environmental impact, including climate mitigation lending
Valley’s governance impact, including governance oversight and oversight of data privacy and cybersecurity, and other ESG-related elements
“Our first annual ESG Report highlights the progress Valley continues to make in its efforts to have positive impacts on the communities it serves and the world in which they live,” stated Ira Robbins (Valley Bank CEO). “We are aware of the crucial role we play and the unique opportunity that we have to create a sustainable, socially responsible future. Valley has made ESG a priority by focusing its resources and leaders on it.
Valley established an ESG Council in early 2021 to bring together its various business lines to improve its ESG efforts, raise awareness about climate change, and share information on ways to reduce its effects.
Robbins stated that Valley recognizes climate change as a pressing issue and is committed to understanding how it might impact the risks we identify or manage. “We are developing programs to better understand climate-related risk and how it impacts our capital management and funding practices.”
About Valley
Valley National Bancorp’s principal subsidiary, Valley National Bank, is a regional bank that has approximately $41 billion of assets. Valley is committed to giving people and companies the power to succeed. Valley has many branches in New Jersey, New York and Florida. They are committed to providing the best service, the latest innovations, and a knowledgeable team that meets customer needs. Valley’s corporate citizenship philosophy is centered on helping communities grow and prosper. Visit www.valley.com to learn more about Valley.
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SOURCE: Valley National Bank
Copyright Business Wire 2022
PUB: 01/11/2022 09.00 AM/DISC 01/11/2022 09.00 AM
http://www.businesswire.com/news/home/20220111005338/en