Meta Financial Group, Inc.® Publishes Inaugural Environmental, Social and Governance Report
“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
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
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 billionin 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.
$219 millionin 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.
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Source: Meta Financial Group, Inc.