STOCK TITAN

H&R Block Publishes Fifth Annual ESG Report

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
Tags

H&R Block has released its fifth Annual Environmental, Social, and Governance (ESG) Report for fiscal year 2024, highlighting its commitment to responsible business practices. Key achievements include:

  • A 36% reduction in printed pages across retail locations through the 'Path to Print Less' initiative
  • Introduction of an associate-led composting program at corporate headquarters
  • Expansion of GHG emissions inventory
  • Progress in the Spruce mobile banking platform, nearing $1B in customer deposits
  • Launch of AI Tax Assist tool for DIY Online users
  • Introduction of 'Fund Her Future' small business grant program
  • Implementation of quarterly Block Party events for employee engagement

The report emphasizes H&R Block's dedication to transparency, sustainability, and social responsibility, aligning with its purpose to provide help and inspire confidence in clients and communities.

H&R Block ha pubblicato il suo quinto Rapporto Annuale su Ambiente, Sociale e Governance (ESG) per l'anno fiscale 2024, evidenziando il suo impegno verso pratiche commerciali responsabili. I principali risultati includono:

  • Una riduzione del 36% delle pagine stampate nei punti vendita attraverso l'iniziativa 'Path to Print Less'
  • Introduzione di un programma di compostaggio guidato dai dipendenti presso la sede centrale
  • Espansione dell'inventario delle emissioni di gas serra
  • Progressi nella piattaforma bancaria mobile Spruce, con depositi dei clienti vicini a 1 miliardo di dollari
  • Lanciatore dello strumento AI Tax Assist per gli utenti fai-da-te online
  • Introduzione del programma di sovvenzioni per piccole imprese 'Fund Her Future'
  • Implementazione di eventi trimestrali Block Party per il coinvolgimento dei dipendenti

Il rapporto sottolinea la dedizione di H&R Block verso la trasparenza, la sostenibilità e la responsabilità sociale, allineandosi al suo scopo di offrire aiuto e ispirare fiducia nei clienti e nelle comunità.

H&R Block ha publicado su quinto Informe Anual sobre Medio Ambiente, Social y Gobernanza (ESG) para el año fiscal 2024, destacando su compromiso con prácticas empresariales responsables. Los principales logros incluyen:

  • Una reducción del 36% en las páginas impresas en las ubicaciones minoristas a través de la iniciativa 'Path to Print Less'
  • Introducción de un programa de compostaje dirigido por los empleados en la sede corporativa
  • Expansión del inventario de emisiones de gases de efecto invernadero
  • Avances en la plataforma bancaria móvil Spruce, acercándose a 1 mil millones de dólares en depósitos de clientes
  • Lanzamiento de la herramienta AI Tax Assist para usuarios de DIY Online
  • Introducción del programa de subvenciones para pequeñas empresas 'Fund Her Future'
  • Implementación de eventos trimestrales Block Party para el compromiso de los empleados

El informe enfatiza la dedicación de H&R Block a la transparencia, la sostenibilidad y la responsabilidad social, alineándose con su propósito de brindar ayuda e inspirar confianza en los clientes y las comunidades.

H&R Block은 2024 회계 연도를 위한 다섯 번째 연례 환경, 사회 및 지배구조(ESG) 보고서를 발표하며, 책임 있는 비즈니스 관행에 대한 헌신을 강조하였습니다. 주요 성과는 다음과 같습니다:

  • '인쇄 줄이기' 이니셔티브를 통해 소매 위치에서 인쇄된 페이지 수를 36% 감소
  • 본사에서 직원 주도 채종 프로그램 도입
  • 온실가스 배출량 인벤토리 확장
  • 고객 예치금 10억 달러에 근접한 Spruce 모바일 뱅킹 플랫폼의 진전
  • DIY 온라인 사용자들을 위한 AI 세금 보조 도구 출시
  • 'Fund Her Future' 소규모 비즈니스 보조금 프로그램 도입
  • 직원 참여를 위한 분기별 Block Party 이벤트 시행

보고서는 H&R Block의 투명성, 지속 가능성 및 사회적 책임에 대한 헌신을 강조하며, 고객과 커뮤니티에 도움을 제공하고 신뢰를 고취시키려는 목표와 일치합니다.

H&R Block a publié son cinquième Rapport Annuel sur l'Environnement, le Social et la Gouvernance (ESG) pour l'exercice fiscal 2024, soulignant son engagement envers des pratiques commerciales responsables. Les réalisations clés incluent :

  • Une réduction de 36 % des pages imprimées dans les points de vente grâce à l'initiative 'Path to Print Less'
  • Introduction d'un programme de compostage dirigé par des associés au siège social
  • Expansion de l'inventaire des émissions de GES
  • Progrès dans la plateforme bancaire mobile Spruce, approchant 1 milliard de dollars en dépôts clients
  • Lancement de l'outil AI Tax Assist pour les utilisateurs en ligne DIY
  • Introduction du programme de subventions pour petites entreprises 'Fund Her Future'
  • Mise en œuvre d'événements trimestriels Block Party pour l'engagement des employés

Le rapport souligne l'engagement d'H&R Block envers la transparence, la durabilité et la responsabilité sociale, s'alignant sur son objectif d'apporter de l'aide et d'inspirer la confiance des clients et des communautés.

H&R Block hat seinen fünften Jahresbericht über Umwelt, Soziales und Unternehmensführung (ESG) für das Geschäftsjahr 2024 veröffentlicht, der das Engagement des Unternehmens für verantwortungsvolle Geschäftspraktiken hervorhebt. Wichtige Erfolge umfassen:

  • Eine Reduzierung der gedruckten Seiten um 36% in den Einzelhandelsstandorten durch die Initiative 'Path to Print Less'
  • Einführung eines mitarbeitergeführten Kompostierungsprogramms am Unternehmenssitz
  • Erweiterung des Treibhausgasemissions-Inventars
  • Fortschritte bei der mobilen Banking-Plattform Spruce mit fast 1 Milliarde Dollar an Kundeneinlagen
  • Einführung des Tools AI Tax Assist für DIY Online-Nutzer
  • Einführung des Kleinunternehmensförderprogramms 'Fund Her Future'
  • Umsetzung von vierteljährlichen Block Party-Veranstaltungen zur Mitarbeiterbindung

Der Bericht betont das Engagement von H&R Block für Transparenz, Nachhaltigkeit und soziale Verantwortung und steht im Einklang mit seinem Ziel, Hilfe zu leisten und Vertrauen bei Kunden und Gemeinschaften aufzubauen.

Positive
  • None.
Negative
  • None.

KANSAS CITY, Mo., Sept. 25, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) today published its fifth Annual Environmental, Social, and Governance (ESG) Report for fiscal year 2024 (July 1, 2023 – June 30, 2024). The Annual ESG Report reflects H&R Block’s ongoing commitment to transparency, sustainability, and responsible business practices in key areas such as environmental impact, social responsibility, corporate governance, stakeholder engagement, and more.

“At H&R Block, our Purpose is to provide help and inspire confidence in our clients and communities everywhere. As part of this Purpose, we believe in doing our part to be a responsible corporate citizen - which has been a part of our culture and aspirations from the very beginning,” said Jeff Jones, president, and CEO of H&R Block. “Together, we can continue to deliver on our Purpose and make a positive impact.”

Notable highlights from the 2024 Annual ESG Report include:

  • On the Environmental front, H&R Block’s ‘Path to Print Less’ initiative reduced the number of total pages printed across its retail footprint by 36%. The company also introduced a new associate-led composting program at its corporate headquarters’ public cafeteria and sharpened its GHG emissions inventory by adding additional categories to its Scope 3 calculation.
  • Within the Social category, the company furthered its commitment to easing the financial burdens of clients, continued to honor co-founders Henry and Richard Bloch’s legacy of service, and gave back to local communities through its Make Every Block Better impact platform.
    • Spruce1, H&R Block’s mobile banking platform, is delivering on its mission to help people be better with money
      • Since launch through June 30, 2024, Spruce had 476K sign ups and is nearing a milestone of $1B in customer deposits. The company saw positive deposit trends, indicating Spruce is empowering clients to grow their financial health, and build financial literacy.
    • The launch of H&R Block’s AI Tax Assist tool in all DIY Online paid SKUs
      • The genAI powered experience was designed to streamline the tax preparation process for clients to file and manage their taxes confidently. The technology performed well as feedback indicated that the tool was easy to use, helpful in the tax prep process, and clients found value in it.
    • The inaugural year of ‘Fund Her Future’, H&R Block’s small business grant program
      • H&R Block provided $100K in funds and services to empower select women-owned businesses—particularly those focused on making a difference in their communities—to reach their full potential.
    • Supporting Connected Culture and more in-person engagement through Block Party events
      • Centered around bringing local associates and teams together, H&R Block introduced quarterly Block Party events at their corporate headquarters in Kansas City. Attendees had the opportunity to attend several Belonging events, networking sessions, professional panels, and other various engagement activities.
  • Regarding Governance, H&R Block strives to maintain a culture of integrity, transparency, and accountability throughout all levels of the organization. The company is committed to strong ethical practices, responsible decision-making, and effective governance structures.

For more information and to read H&R Block’s FY24 Annual ESG Report, click here.

Spruce fintech platform is built by H&R Block, which is not a bank. Spruce℠ Spending and Savings Accounts established at, and debit card issued by, Pathward®, N.A., Member FDIC.

About H&R Block

H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time, and be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News.

For Further Information
 
Investor Relations:Michaella Gallina, (816) 854-3022, michaella.gallina@hrblock.com
 Jordyn Eskijian, (816) 854-5674, jordyn.eskijian@hrblock.com
  
Media Relations:Teri Daley, (816) 854-3787, teri.daley@hrblock.com
 Media Desk, mediadesk@hrblock.com

FAQ

What were the key environmental initiatives in H&R Block's 2024 ESG Report?

H&R Block's 2024 ESG Report highlighted two main environmental initiatives: the 'Path to Print Less' program, which reduced printed pages by 36% across retail locations, and the introduction of an associate-led composting program at the corporate headquarters' public cafeteria. The company also expanded its GHG emissions inventory by adding more categories to its Scope 3 calculation.

How did H&R Block (HRB) support women-owned businesses in 2024?

H&R Block launched the 'Fund Her Future' small business grant program in 2024. Through this initiative, the company provided $100,000 in funds and services to empower select women-owned businesses, particularly those focused on making a difference in their communities, to reach their full potential.

What progress did H&R Block's Spruce mobile banking platform make in FY 2024?

By June 30, 2024, H&R Block's Spruce mobile banking platform had achieved 476,000 sign-ups and was approaching $1 billion in customer deposits. The company reported positive deposit trends, indicating that Spruce is helping clients improve their financial health and build financial literacy.

How did H&R Block (HRB) incorporate AI into its tax services in 2024?

H&R Block launched the AI Tax Assist tool in all DIY Online paid SKUs in 2024. This genAI-powered experience was designed to streamline the tax preparation process for clients. Feedback indicated that users found the tool easy to use, helpful in the tax prep process, and valuable overall.

What employee engagement initiatives did H&R Block introduce in its 2024 ESG Report?

H&R Block introduced quarterly Block Party events at their corporate headquarters in Kansas City to support Connected Culture and increase in-person engagement. These events offered opportunities for local associates and teams to participate in Belonging events, networking sessions, professional panels, and various engagement activities.

H&R Block, Inc.

NYSE:HRB

HRB Rankings

HRB Latest News

HRB Stock Data

8.14B
135.45M
1.17%
95.29%
7.44%
Personal Services
Services-personal Services
Link
United States of America
KANSAS CITY