Meta Financial Group, Inc.® Publishes Inaugural Environmental, Social and Governance Report
May 26 2021 - 4:05PM
Meta Financial Group, Inc.® (Nasdaq: CASH) (“Meta”), the financial
holding company of MetaBank®, N.A., a leading financial enablement
company, today announced the release of its inaugural 2020
Environmental, Social and Governance (“ESG”) Report, highlighting
the Company’s progress in fulfilling its commitment to high
governance standards, customers, employees, the community and the
environment.
In 2020, Meta Financial Group built its ESG
infrastructure through endeavors that supported the Company’s
mission. These foundational programs, policies and strategies
established baseline standards to assure Meta’s continued momentum
and progress.
“ESG is a core tenet of Meta’s mission of
financial inclusion for all. We have been a mission-driven company
since our founding, one that strives to create value for our
society and produce an economic benefit for people,” said Brad
Hanson, President and CEO of Meta Financial Group. “2020 spoke to
the interconnectedness of our mission, culture, ESG efforts and
what we do as a company. We look forward to building on our
commitment to community engagement and high governance standards as
we carry our ESG strategy forward.”
The 2020 report highlights activities across
five key pillars: governance, customers, employees, community, and
environment. Internal results include MetaBank’s actions on
diversity and inclusion through recruitment, employee training and
development, and health and safety benefits for all Meta staff.
External metrics include Meta’s sustainability performance in its
business in alternative energy financing, as well as its impact on
the community through reinvestment, corporate giving and employee
volunteerism.
“The programs and policies we implemented in
2020 demonstrate our values and ongoing support of customers,
employees and the communities we serve,” said Catherine McGlown, VP
of ESG and Community Impact. “We have established criteria to
measure our progress and facilitate alignment of our corporate
vision and ESG priorities, which will have a positive impact on our
customers and employees.”
Highlights of MetaBank’s activities detailed in
its 2020 ESG report include:
- Acted as the
financial agent for distributing prepaid debit cards used in the
first round of the Economic Impact Payments (“EIP”) program for
COVID-19 relief in the U.S. under the Coronavirus Aid, Relief, and
Economic Security Act (“CARES Act”), distributing $6.42 billion in
financial relief through 3.6 million prepaid cards. Meta served in
the same capacity for the second and third rounds of the EIP
program in 2021.
- Distributed $219
million in funds as a funder in the Paycheck Protection Program
(“PPP”), supporting 689 small businesses and preserving more than
20,000 jobs.
- Continued its
long-time support of Operation HOPE, Inc., a non-profit
organization providing financial literacy empowerment and economic
education to youth and adults.
- Accelerated work
on its diversity and inclusion strategy, prioritizing D&I with
employees, customers and vendors.
- Began
development of a Community Impact Program, to be introduced in
2021, to elevate the effectiveness and scope of corporate giving
programs, employee volunteer programs and other external
engagement.
The full 2020 ESG report can be found and downloaded at
https://www.metafinancialgroup.com/environmental-social-governance.
About Meta Financial Group, Inc.®
Meta Financial Group,
Inc.® (Nasdaq: CASH) is a South Dakota-based
financial holding company. Meta Financial Group’s subsidiary,
MetaBank® N.A., is a financial enablement company that works
to increase financial availability, choice, and opportunity for
all. MetaBank strives to remove barriers that traditional
institutions put in the way of financial access, and promote
economic mobility by providing responsible, secure, high quality
financial products that contribute to individuals and communities
at the core of the real economy. Additional information can be
found by visiting www.metafinancialgroup.com.
Investor Relations ContactBrittany Kelley
Elsasser605-362-2423bkelley@metabank.com
Media Relations
Contactmediarelations@metabank.com
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