Open Lending Publishes Inaugural ESG Report
December 20 2023 - 8:00AM
Open Lending Corporation (Nasdaq: LPRO) (“Open Lending” or the
“Company”), an industry trailblazer in automotive lending
enablement and risk analytics solutions for financial institutions,
today announced the publication of its inaugural Environmental,
Social, and Governance Report (the “ESG Report”). The ESG Report
illustrates how Open Lending is serving its communities and driving
vehicle accessibility through advanced technology and security,
responsible business practices, and industry thought leadership.
Developed by senior management with support from the Company’s
Board of Directors, the ESG Report addresses five key priorities:
financial access; business ethics and compliance; data privacy and
security; diversity, equity, and inclusion; and human capital
management.
“Open Lending was founded over 20 years ago based upon the
belief that every individual deserves equal access to vehicle
ownership,” said Keith Jezek, CEO of Open Lending. “Our inaugural
ESG Report demonstrates how we continue to fulfill our mission of
making transportation more affordable. Moreover, it presents the
responsible business practices we employ every day throughout our
operations to support our clients and their customers, our
shareholders, our employees, and our communities.”
The ESG Report identifies business-relevant ESG priorities in
line with investors and peers, as well as leading rating agencies
and frameworks. Highlights from the ESG Report include the
following:
- Uplifting our
communities: Open Lending is committed to improving
transportation access through Lenders Protection™ and education by
conducting research to share original data and providing
recommendations on how to expand financial access.
- Fostering responsible
business practices: One of Open Lending’s strengths is its
integrated, enterprise-wide security culture, which led to a 99.99%
uptime during the 2022 fiscal year.
- Elevating our
people: The Open Lending team grew during the 2022 fiscal
year, with much of this growth being fueled by employee engagement
and incentivized pay programs.
To read the ESG Report and learn more about Open Lending, please
visit the Corporate Governance section of our Investor Relations
website.
About Open Lending Open
Lending (NASDAQ: LPRO) provides loan analytics, risk-based
pricing, risk modeling, and default insurance to auto lenders
throughout the United States. For over 20 years we have been
empowering financial institutions to create profitable auto loan
portfolios with less risk and more reward. For more information,
please visit www.openlending.com.
Contact:
Media Inquiries:Alison Smith for Open
Lendingopenlending@ink-co.comInvestor Relations Inquiries:ICR for
Open Lendingopenlending@icrinc.com
Open Lending (NASDAQ:LPRO)
Historical Stock Chart
From Apr 2024 to May 2024
Open Lending (NASDAQ:LPRO)
Historical Stock Chart
From May 2023 to May 2024