Pathward Releases 2024 Sustainability Report

Rhea-AI Summary

Pathward, a U.S.-based financial empowerment company, has released its 2024 Sustainability Report, highlighting achievements in environmental, social, and governance initiatives throughout fiscal year 2024. The report showcases the company's commitment to powering financial inclusion and expanding financial access.

Key accomplishments include:

• Financing $571.9 million in renewable solar energy initiatives
• Earning Great Place to Work® Certification™ with 86% employee satisfaction
• Achieving 27% employee participation in Employee Resource Groups
• Contributing over $1.1 million in corporate charitable investments
• Facilitating more than 5,500 employee volunteer hours across 400+ events

Under CEO Brett Pharr's leadership, Pathward expanded partnerships and invested in technology and talent. The company also launched the Financial Fundamentals program to enhance financial literacy skills and pursued funding opportunities for sustainable projects, including battery storage through USDA-guaranteed loans.

Report highlights ongoing efforts to power financial inclusion through sustainable governance and practices.

SIOUX FALLS, S.D.--(BUSINESS WIRE)-- Pathward^®, N.A., a U.S.-based financial empowerment company driven by its purpose to power financial inclusion, today released its 2024 Sustainability Report. The report demonstrates Pathward’s continued commitment to sustainable efforts throughout fiscal year 2024, ending Sept. 30, 2024, and underscores its core purpose of advancing financial inclusion and expanding financial access for all.

Pathward, N.A., a U.S.-based financial empowerment company driven by its purpose to power financial inclusion, today released its 2024 Sustainability Report. The report demonstrates Pathward’s continued commitment to sustainable efforts throughout fiscal year 2024, ending Sept. 30, 2024, and underscores its core purpose of advancing financial inclusion and expanding financial access for all.

“Our purpose of powering financial inclusion is foundational to every aspect of our operations,” said Pathward CEO Brett Pharr. “In 2024, we announced new and extended partnerships and invested in more technology and talent that will help us continue driving forward progress.”

Sustainability efforts in fiscal year 2024 created positive outcomes for customers, partners and communities and laid a solid foundation for years to come. These include:

Environmental:

• Pursuing funding opportunities for sustainable projects, including battery storage, through conventional construction loans and USDA-guaranteed loans under the Rural Energy for America Program and Business and Industry loan programs
• Financing $571.9 million in renewable solar energy initiatives

Social:

• Earning Great Place to Work® Certification^™ for the second consecutive year, with 86% of employees saying Pathward is a great place to work
• Driving employee participation in Employee Resource Groups to 27%, exceeding an 8% average for Fortune 500 companies
• Contributing more than $1.1 million in total corporate charitable investments, engaging employees to collectively volunteer more than 5,500 hours across more than 400 events, and launching the Financial Fundamentals powered by Pathward program to equip students with essential financial literacy skills

Governance:

• Leveraging the 15 years of average time our Compliance team members have been in the financial industry to continue to scale financial services and products safely and securely

“At Pathward, we advance financial access for individuals, businesses and communities,” said Pathward President Anthony Sharett. “Over the course of last year, we continued our commitment to renewable energy initiatives, enhanced our charitable investments, and doubled down on our efforts to make Pathward a great place to work. We are proud of everything we accomplished last year and look forward to the opportunities that lie ahead.”

View Pathward’s 2024 Sustainability Report on Pathward.com.

About Pathward^®

Pathward^®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Banking as a Service and Commercial Finance business lines. The strategic business lines provide support to individuals and businesses. Learn more at www.Pathward.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250408986424/en/

Media contact:

Courtney Heidelberg

605.291.7044

mediarelations@pathward.com

Source: Pathward, N.A.

FAQ

How much did Pathward (CASH) invest in renewable solar energy initiatives in 2024?

Pathward financed $571.9 million in renewable solar energy initiatives during fiscal year 2024.

What was Pathward's (CASH) corporate charitable contribution in 2024?

Pathward contributed more than $1.1 million in total corporate charitable investments during fiscal year 2024.

How many volunteer hours did Pathward (CASH) employees complete in 2024?

Pathward employees collectively volunteered more than 5,500 hours across more than 400 events.

What percentage of Pathward (CASH) employees participated in Employee Resource Groups in 2024?

27% of Pathward employees participated in Employee Resource Groups, exceeding the Fortune 500 company average of 8%.

What was Pathward's (CASH) employee satisfaction rate in their 2024 Great Place to Work certification?

86% of employees said Pathward is a great place to work, earning the company its second consecutive Great Place to Work® Certification™.