Oportun releases 2022 Corporate Responsibility & Sustainability Report

Rhea-AI Summary

Oportun publishes its 2022 Corporate Responsibility & Sustainability Report, highlighting its commitment to positive social impact and long-term value. Key achievements include helping over 1.1 million people build credit scores, $8.9+ billion saved, and reducing CO2 emissions.

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• Oportun helped over 1.1 million people begin building a credit score. Members saved an average of $1,800 annually and a cumulative total of $8.9+ billion. The company completed its first-ever SOC 2 Type II audit, providing independent assurance of its infrastructure standards and data privacy. Oportun reduced CO2 emissions by 6,737 pounds through recycling initiatives.

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SAN CARLOS, Calif., June 26, 2023 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, today published its 2022 Corporate Responsibility & Sustainability Report.

“Oportun is committed to sustainably driving positive social impact and long-term value for our stakeholders, and we are proud to share this update on our approach to sustainability,” said Raul Vazquez, Oportun’s CEO. “As we report on our progress in 2022, we also recognize how much more work we still have to do as we continue to address the biggest challenges facing U.S. consumers.”

Highlights of the report include:

• Helping more than 1.1 million people begin building a credit score
• More than $1,800 average annual savings set aside by members and $8.9+ billion cumulatively saved
• Completing our first-ever SOC 2 Type II audit providing additional independent assurance of our infrastructure standards and data privacy and information program
• The majority of Oportun leadership, including the Oportun Board of Directors, self-report as women or members of a historically underrepresented group
• Saving 14.85 million pages of loan documents and 3,034 trees through electronic processing
• Reducing 6,737 pounds of CO₂ emissions from e-waste and recycling initiatives

Click here to view the full report.

For more information about Oportun, visit Oportun.com.

About Oportun
Oportun (Nasdaq: OPRT) is a mission-driven fintech that puts its 1.9 million members' financial goals within reach. With intelligent borrowing, savings, budgeting, and spending capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $16.0 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped our members save an average of more than $1,800 annually. For more information, visit Oportun.com.

Investor Contact
Dorian Hare
(650) 590-4323
ir@oportun.com

Media Contact
Usher Lieberman
(650) 769-9414
usher.lieberman@oportun.com

FAQ

What is Oportun's 2022 Corporate Responsibility & Sustainability Report about?

Oportun's report highlights its commitment to positive social impact and long-term value.

What are some key achievements mentioned in the report?

The report mentions that Oportun helped over 1.1 million people build credit scores, members saved an average of $1,800 annually and a cumulative total of $8.9+ billion, and the company reduced CO2 emissions by 6,737 pounds through recycling initiatives.

What is the significance of completing the SOC 2 Type II audit?

Completing the audit provides independent assurance of Oportun's infrastructure standards and data privacy.

How can I access the full report?

You can view the full report by clicking on the provided link.