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    Our Corporate Responsibility Journey

    We’ve built a culture of good corporate citizenship, for the benefit of our business and our communities.

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    Why Corporate Responsibility Matters

    Flagstar CEO Sandro DiNello shares our ESG achievements from 2021. 

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Environmental, Social, and Governance Social Partnerships

DE&I Journey & Partnerships

Working together to benefit our communities.

Our diversity, equity, and inclusion journey

For the second year in a row, DiversityInc recognized Flagstar as a Noteworthy Company for Diversity.

 

We continued building upon our years of work toward a more diverse, inclusive, and equitable workplace. Here are some of our accomplishments from 2021: 

  • Enhanced our 2021 DE&I strategic planning with pillar leaders
  • Completed operational planning on DE&I impact objectives for Flagstar’s employee resource groups
  • Reported monthly, quarterly, and annual DE&I metrics and an accountability schedule
  • Completed self-assessments to identify areas of opportunity 
  • Conducted a DE&I employee survey in which 97% of participants reported feeling that Flagstar offers an inclusive workplace
  • Engaged employees through our Let’s Talk About It series, covering such topics as DE&I survey results, equity in action, and generational differences
  • Launched Flagstar Mentorship Circles with 125 participants and 83% overall diversity, providing guidance in advising, motivating, sponsoring, and skill-building
  • Hosted the 2021 DE&I Symposium, featuring educational and awareness sessions under the theme “Belonging”
  • Continued to enhance DE&I metrics reporting:

º   Talent Acquisition — reported an increase in diverse talent hiring

º   DE&I Culture — outpaced DE&I employee engagement industry survey scores by 53% 

º   Supplier Diversity — increased number of Diverse suppliers

º   Community Connectivity — DE&I centered strategic giving: 88% of total Foundation grants and 81% of total CRA grants were DE&I focused

º   Customer Diversity — conducted surveys to identify areas of opportunity

  • Engaged employee resource groups in identifying nonprofits that would receive funding from the Flagstar Foundation

 

Our diversity, equity, and inclusion work includes partnerships with:

  • Association of Latino Professionals for America
  • CEO Action for Diversity and Inclusion
  • Chaldean Chamber of Commerce
  • Detroit Regional LGBT Chamber of Commerce
  • Diversity Best Practices
  • DiversityInc
  • Dutton Farm
  • Great Lakes Women's Business Council
  • Michigan Chronicle 
  • Michigan Diversity Council
  • Michigan Hispanic Chamber of Commerce
  • Michigan Minority Supplier Development Council (MMSDC)
  • Michigan Roundtable for Diversity and Inclusion
  • Southern California Minority Supplier Development Council (SCMSDC)
  • Urban League of Detroit & Southeastern Michigan
  • Veteran-Owned Business Roundtable
  • We Are All Human – Hispanic Star

You may also be interested in:

Recognition for Our DE&I Efforts
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Member FDIC Equal Housing Lender
Flagstar has been named one of the Top 100 Banks by GOBankingRates.
Flagstar has been named one of the Top 100 Banks by GOBankingRates.