Valley Bank Issues First Annual ESG Report Highlighting Social Progress and Environmental Impact
January 11 2022 - 9:00AM
Business Wire
Valley National Bank (NASDAQ:VLY) has issued its first annual
Environmental, Social and Governance (ESG) report which highlights
the Bank’s cultural and social progress and its focus on the risks
and opportunities of climate change. The report covers the work
accomplished in 2020 and first half of 2021 and represents Valley’s
mission to promote inclusive economic opportunity, growth and
positive societal impact. It also reinforces Valley’s commitment to
SASB and TCFD frameworks. The full report can be found at
www.valley.com/ESG.
Highlights include:
- Valley’s social impact, including DEI initiatives, community
engagement, investment and philanthropy as well as support for
affordable housing
- Valley’s environmental impact, including climate mitigation
lending
- Valley’s governance impact, including governance and oversight
of ethics, data privacy, cybersecurity and other ESG-related
factors
“Our first annual ESG Report highlights how Valley continues to
make strides in its efforts to have a positive impact on the
communities we serve and in the world in which we live,” commented
Ira Robbins, Valley Bank CEO. “We recognize the critical role we
play and the unique opportunity we have to create a socially
responsible and sustainable future. That’s why we’ve dedicated our
resources and leaders to making ESG a priority at Valley.”
In early 2021, Valley created an ESG Council to bring together
the Bank’s various business lines to strengthen its ESG efforts,
raise awareness of the impact of climate change and collaborate on
opportunities to mitigate its effects.
“Valley recognizes that climate change is one of the world’s
most pressing issues and we are committed to understanding how it
may influence the risks we identify and manage,” Robbins stated.
“We are implementing programs to better understand climate-related
risks and how they impact our funding and capital management
practices.”
About Valley
As the principal subsidiary of Valley National Bancorp, Valley
National Bank is a regional bank with approximately $41 billion in
assets. Valley is committed to giving people and businesses the
power to succeed. Valley operates many convenient branch locations
across New Jersey, New York, Florida and Alabama, and is committed
to providing the most convenient service, the latest innovations
and an experienced and knowledgeable team dedicated to meeting
customer needs. Helping communities grow and prosper is the heart
of Valley’s corporate citizenship philosophy. To learn more about
Valley, go to www.valley.com.
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Media: Pam Golden 973-564-8591 pam@glapr.com
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