We began building our ESG framework in 2020 by working with software analytics platform Datamaran to compare our current activities to our peers and structure our future ESG priorities.
In 2021, Environmental Resources Management supported the completion of our first greenhouse gas inventory. The consultancy used 2019 data to benchmark and identify appropriate emissions reduction targets.
Flagstar’s Board of Directors looked to further solidify our commitment to integrating ESG strategies throughout our business and proactively assessing risk. In 2021, the board changed the name of the Nominating/Corporate Governance Committee to the Nominating, Governance, and Social Responsibility Committee. Then, it revised the committee charter to include board oversight of ESG-related and DE&I initiatives and strategy.
We continue to refine our materiality assessment to incorporate business and external stakeholder perspectives to guide future ESG reporting topics and identify opportunities to demonstrate our commitment to creating a sustainable, profitable business model that enables us to serve our customers, employees, communities, and shareholders more effectively.
