Introducing Bread Financial's (NYSE: BFH) latest achievement! Today, this innovative financial services company unveils its highly anticipated 2022 Environmental, Social and Governance (ESG) Performance Report. Prepare to be impressed by the remarkable strides Bread Financial has made with its enhanced ESG strategy and framework.
 
This year's report is a momentous occasion as it marks a decade of unparalleled transparency and accountability for Bread Financial. As pioneers in public ESG reporting, they have consistently raised the bar for responsible business practices.
 
Delving into the report, you'll discover Bread Financial's outstanding ESG performance in five crucial areas: responsible business management, empowering customers, engaging associates, environmental preservation, and fostering thriving communities. But that's not all—2022 saw the company take things up a notch by fostering cross-functional collaboration and incorporating environmental and social criteria throughout their business model.
 
Bread Financial's commitment to a sustainable future shines through every page of this report. Join them in celebrating a decade of progress and discover the limitless possibilities they're creating for a better tomorrow.

“I am extremely proud of the progress Bread Financial has made to advance our ESG initiatives, as illustrated in our 2022 report,” said Ralph Andretta, president and chief executive officer, Bread Financial.
 
“By integrating environmental stewardship, social responsibility and good governance practices into our business strategy, we are not only driving financial performance, but also creating a more resilient, competitive organization that benefits all of our stakeholders. As we continue to evolve as a purpose-driven financial services company, our well-established ESG practices enable us to reduce risks, deliver responsible growth, and ensures we hold ourselves accountable to the ever-changing needs of our society and planet.”


Experience the transformative journey of Bread Financial in 2022 as they advanced their ESG principles to harmonize with their business objectives and governance strategy. Here are some notable highlights that exemplify their commitment:
 
Integrating Environmental and Social Criteria: Bread Financial placed paramount importance on incorporating environmental and social criteria into their enterprise risk management program. By developing a robust ESG risk framework, they ensured that sustainability considerations are at the core of their decision-making processes.
 
Pioneering Climate Action: Demonstrating their proactive approach, Bread Financial accomplished all the objectives outlined in their 2022 Climate Action Roadmap. This included conducting a comprehensive energy audit of their facilities, conducting a thorough climate risk assessment, and engaging in scenario analysis to effectively address climate-related challenges.
 
Board Education on ESG Best Practices: Recognizing the significance of ESG reporting and investor expectations, Bread Financial hosted an enlightening education session for its esteemed Board of Directors. The session focused on imparting knowledge about ESG best practices, reporting frameworks, and the evolving expectations from investors, ensuring the company stays ahead of the curve.
 
Revamping Community Investment Strategy: Aligning their community investment strategy with their brand transformation, Bread Financial redefined their approach. By embracing a renewed vision, they aim to maximize positive impact and create lasting value in the communities they serve.
 
Through these strategic actions, Bread Financial has set new standards for sustainable business practices, cementing their position as a leader in the industry. Witness their remarkable journey unfold as they continue to drive positive change and redefine what it means to be a socially and environmentally responsible company.
 
“Together with our Board of Directors, the Bread Financial leadership team and all associates, we are accelerating our ESG ambitions and deepening our commitment to responsible business practices,” said Dana Beckman, head of sustainability, Bread Financial.
 
“2022 was a year about solidifying the integration of ESG into our key business imperatives, governance and operations. As we look forward to communicating our continued progress, we will shift our focus to creating even more long-term value and opportunity for our many stakeholders.”

Dive into the details of their actions and impact across key focus areas:
 

 
Notably, the 2022 report signifies an important milestone as Bread Financial aligned their ESG disclosures with the Task Force on Climate-related Financial Disclosures (TCFD). This move enhances and expands their reporting on climate-related risks and exposures. In addition to the TCFD, Bread Financial adhered to other renowned ESG reporting frameworks and standards, including the Sustainability Accounting Standards Board (SASB) Consumer Finance Standard and the Global Reporting Initiative (GRI). By adopting these industry-leading practices, they ensure comprehensive and transparent reporting.
 
Prepare to be inspired as Bread Financial's report reveals a trailblazing journey of responsible business practices, transformative customer experiences, environmental stewardship, and impactful community initiatives. Join them in celebrating a year of extraordinary achievements and a future defined by sustainable growth.

The American Airlines Group Inc has issued its 2021 Environmental, Social and Governance (ESG) report which provides an updated view on the company’s strategy and progress across key issues over the last one year.

“As the world continues to emerge from the pandemic and reconnect, American Airlines is committed to living our purpose to care for people on life’s journey,” said Robert Isom, American’s CEO. “Our environmental, social and governance efforts are key to American’s success today and critical to building a resilient airline that will thrive forever.”

One of its climate goals is to achieve net-zero greenhouse gas (GHG) emissions by 2050 with the report demonstrating how the company is developing a transparent and credible plan to achieve its objectives.

This includes becoming the first airline globally to receive validation from the Science Based Targets initiative  for its intermediate GHG emissions reduction targets; it is also the only US airline that has reported using more than 1 million gallons of sustainable aviation fuel in 2021.
The report also details American’s risks and opportunities related to climate change, as recommended by the Task Force on Climate-related Financial Disclosures.

While the company works to improving representation across the company, to meet its diversity goal, it is making increased efforts in increasing pilot diversity, with 25% of pilots hired by American in 2021 self-identifying as people of color.

In addition, as part of its strategy to embed DEI throughout the organization, American also became the first airline and one of only a handful of large U.S. companies to receive Fair Pay Workplace’s inaugural pay equity certification.

As a result of these efforts, as well as other efforts detailed in the report, for the first time in 2021, American was included in the Dow Jones Sustainability North America Index - the only passenger airline to be included.