Annaly Capital Management, Inc. Publishes Second Corporate Responsibility Report
July 08 2021 - 4:15PM
Business Wire
Annaly Capital Management, Inc. (NYSE: NLY) (the “Company” or
“Annaly”) announced today the publication of its second corporate
responsibility report for the year 2020, titled Leading with
Purpose. The report demonstrates Annaly’s continued focus on
environmental, social and governance (“ESG”) endeavors and provides
an update on Annaly’s ESG goals and commitments.
“While 2020 was a year of immense challenges, I am incredibly
proud of how Annaly came together throughout the year to make
progress on our ESG initiatives and foster a culture of inclusion
and support,” said David Finkelstein, Annaly’s Chief Executive
Officer and Chief Investment Officer. “Leading with Purpose details
the corporate responsibility and governance advances we made in
2020 and outlines our updated goals and commitments for driving a
positive impact for all of our stakeholders: our shareholders,
employees and communities.”
“Now, more than ever, companies have a duty to align values with
actions, deliver returns to investors, safeguard and develop
employees and invest in communities,” said Katie Beirne Fallon,
Chair of the Corporate Responsibility Committee of Annaly’s Board
of Directors. “Companies like Annaly that are guided by strong
values and that have integrated ESG into their strategy and
operations were not only better prepared to meet the challenges of
this past year, but also are undoubtedly best suited to be leaders
in a rapidly changing world.”
Corporate Responsibility Report
Highlights
Annaly actively integrates ESG considerations into its overall
strategy through five key areas: corporate governance, human
capital, responsible investments, risk management and the
environment.
Annaly continues to provide supplemental disclosures under the
Sustainability Accounting Standards Board (“SASB”) standards and
the Global Reporting Initiative (“GRI”) standards frameworks. In
the latest report, the Company included additional SASB disclosures
under the Mortgage Finance Standards for its Residential Credit
business. Additionally, Annaly has made a new commitment to further
assess climate change risks and opportunities, taking into
consideration the recommendations of the Task Force on
Climate-related Financial Disclosures (“TCFD”).
Highlights and achievements from the 2020 Corporate
Responsibility Report include:
- Corporate Governance: The Company amended its Corporate
Governance Guidelines and Nominating/Corporate Governance Committee
Charter to formalize the Board of Director’s commitment to seeking
out highly qualified candidates of diverse gender and
race/ethnicity. Annaly disclosed the gender and racial/ethnic
composition of the Board of Directors on an individual basis in the
2021 proxy statement for the first time.
- Human Capital: The Company appointed its first ever Head
of Inclusion and developed an Inclusion Support Committee of
Executive Sponsors. As part of our efforts to improve our diversity
leadership, Annaly became a signatory of the CEO Action for
Diversity and Inclusion.
- Responsible Investments: As of December 31, 2020, Annaly
had nearly $100 billion in residential housing investments
supporting nearly 700,000 homes. Annaly continues to be committed
to further integrating the consideration of ESG factors into its
investment and portfolio management processes across its investment
strategies.
- Risk Management: The Company invested in its technology
infrastructure to enhance resiliency, efficiency, cybersecurity and
scalability as employees fully transitioned to remote work in the
first quarter of 2020 with a goal of fully returning to in-office
work in the second half of 2021, subject to guidance from federal,
state and local authorities.
- Environment: The Company purchased carbon credits to
offset 100% of its Scope 2 GHG emissions.
To learn more about Annaly’s corporate responsibility
initiatives and to view the 2020 Corporate Responsibility Report,
please visit www.annaly.com/our-responsibility.
About Annaly
Annaly is a leading diversified capital manager that invests in
and finances residential and commercial assets. Annaly’s principal
business objective is to generate net income for distribution to
its stockholders and to optimize its returns through prudent
management of its diversified investment strategies. Annaly is
internally managed and has elected to be taxed as a real estate
investment trust, or REIT, for federal income tax purposes.
Additional information on the Company can be found at
www.annaly.com.
Forward-Looking Statements
This news release and our public documents to which we refer
contain or incorporate by reference certain forward-looking
statements which are based on various assumptions (some of which
are beyond our control) and may be identified by reference to a
future period or periods or by the use of forward-looking
terminology, such as "may," "will," "believe," "expect,"
"anticipate," "continue," or similar terms or variations on those
terms or the negative of those terms. Actual results could differ
materially from those set forth in forward-looking statements due
to a variety of factors, including, but not limited to, risks and
uncertainties related to the COVID-19 pandemic, including as
related to adverse economic conditions on real estate-related
assets and financing conditions; changes in interest rates; changes
in the yield curve; changes in prepayment rates; the availability
of mortgage-backed securities and other securities for purchase;
the availability of financing and, if available, the terms of any
financing; changes in the market value of our assets; changes in
business conditions and the general economy; our ability to grow
our residential credit business; our ability to grow our middle
market lending business; credit risks related to our investments in
credit risk transfer securities, residential mortgage-backed
securities and related residential mortgage credit assets,
commercial real estate assets and corporate debt; risks related to
investments in mortgage servicing rights; our ability to consummate
any contemplated investment opportunities; changes in government
regulations or policy affecting our business; our ability to
maintain our qualification as a REIT for U.S. federal income tax
purposes; our ability to maintain our exemption from registration
under the Investment Company Act; and the timing and ultimate
completion of the sale of our commercial real estate business. For
a discussion of the risks and uncertainties which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in our most recent
Annual Report on Form 10-K and any subsequent Quarterly Reports on
Form 10-Q. The Company does not undertake, and specifically
disclaims any obligation, to publicly release the result of any
revisions which may be made to any forward-looking statements to
reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements, except as required
by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210708005821/en/
Investor Contact Annaly Capital Management, Inc. Investor
Relations 1-888-8Annaly investor@annaly.com
Media Contact Brunswick Group Alex Yankus 212-333-3810
ANNALY@brunswickgroup.com
Annaly Capital Management (NYSE:NLY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Annaly Capital Management (NYSE:NLY)
Historical Stock Chart
From Apr 2023 to Apr 2024