Piper Sandler Releases Inaugural ESG Report
15 November 2022 - 03:30PM
Business Wire
Piper Sandler Companies (NYSE: PIPR), a leading investment bank,
announced today that it has released its first environmental,
social and governance (“ESG”) report. The ESG report details the
firm’s committed efforts on behalf of its employees, clients,
communities and shareholders.
“Our ESG initiatives align with our core values as a firm, and
better prepare us to meet the unique challenges of today,” said
Chad Abraham, Chairman and CEO. “In addition, we believe that our
concerted effort to improve across our ESG priorities will allow us
to help our clients navigate these same challenges."
Among the many priority areas that the ESG report addresses, key
developments from 2021 and 2022 include:
Diversity, Equity and Inclusion (“DEI”) and Supporting Career
Advancement for Piper Sandler Employees: Piper Sandler is
committed to hiring, developing and retaining a diverse group of
people in a high-quality, inclusive environment, and to helping
every employee see clear opportunities to advance their career
within the firm. In 2021 and 2022, Piper Sandler’s efforts
included:
- Strengthening the diversity of its board of directors.
- Hiring its first director of diversity, equity and inclusion to
help advance strategy and programming across the firm.
- Developing actionable and specific inclusive leadership goals
for all people managers as part of their year-end performance
evaluations.
- Establishing specific diversity representation goals across the
firm.
- Creating and supporting enhanced mentorship opportunities for
its employees, including one-on-one mentoring, reverse mentoring
and business line mentoring programs.
- Promoting 23 employees to managing director in 2021.
Giving Back to Piper Sandler’s Communities: Piper Sandler
has a long tradition of prioritizing philanthropy, community
involvement and volunteerism. In 2021, the firm and its employees
gave $6.3 million to charitable organizations and non-profits, with
the Piper Sandler Foundation focused on increasing educational
opportunities for BIPOC communities, and stabilizing the
circumstances for disadvantaged youth by helping students and their
families meet basic needs.
Helping Piper Sandler Clients Drive Innovations in
Sustainability and Navigate ESG: Piper Sandler believes that
assessing ESG risks and opportunities for its clients will become
an increasingly important part of its role as advisors. In 2021 and
2022, the firm’s efforts included the following:
- The renewables and clean energy investment banking team closed
10 transactions in 2021 involving multiple clean energy
sub-sectors, including solar equipment and services, renewable
fuels and fuel cells.
- The firm hosted the second annual Energy Transition Leaders
Summit in 2022, bringing together industry thought leaders to
discuss a variety of current topics relating to the clean energy
transition, including solar panel manufacturing, green hydrogen,
carbon capture, battery technology and renewable natural gas.
- The public finance business served as a lead underwriter or
financial adviser on 24 transactions that received a green, social
or sustainability designation, and served as advisor or underwriter
to clients in affordable housing, mass transit and project finance
involving sustainability.
Becoming Better Stewards of the Natural Environment:
Piper Sandler is committed to better understanding how to make
operations more sustainable as the firm continues to monitor
evolving regulation, policy development and market trends. In 2021,
the firm completed an inaugural environmental inventory, examining
water usage, energy usage and waste generation across the firm’s
global operations. The firm also evaluated employee commuting and
business travel and completed an assessment of the greenhouse gas
emissions associated with direct business activities and value
chain.
About Piper Sandler
Piper Sandler is a leading investment bank driven to help
clients Realize the Power of Partnership®. Through a distinct
combination of candid counsel, focused expertise and empowered
employees, we deliver insight and impact to each and every
relationship. Our proven advisory teams combine deep product and
sector expertise with ready access to global capital. Founded in
1895, the firm is headquartered in Minneapolis with offices across
the United States and in London, Aberdeen and Hong Kong. Learn more
at PiperSandler.com.
Cautionary Note Regarding Forward-Looking Information
This announcement contains forward-looking statements.
Statements that are not historical or current facts, including
statements about beliefs and expectations, are forward-looking
statements. These forward-looking statements cover, among other
things, the future prospects and growth of Piper Sandler.
Forward-looking statements involve inherent risks and
uncertainties, and important factors could cause actual results to
differ materially from those anticipated, including Piper Sandler’s
ESG commitments, plans, policies, procedures and initiatives, as
well as other factors identified under “Risk Factors” in Part I,
Item 1A of Piper Sandler’s Annual Report on Form 10-K for the year
ended December 31, 2021, and updated in its subsequent reports
filed with the SEC. These reports are available at
www.pipersandler.com or www.sec.gov. Forward-looking statements
speak only as of the date they are made, and Piper Sandler
undertakes no obligation to update them in light of new information
or future events.
Piper Sandler Companies (NYSE: PIPR) is a leading investment
bank driven to help clients Realize the Power of Partnership®.
Securities brokerage and investment banking services are offered in
the U.S. through Piper Sandler & Co., member SIPC and NYSE; in
Europe through Piper Sandler Ltd., authorized and regulated by the
U.K. Financial Conduct Authority; and in Hong Kong through Piper
Sandler Hong Kong Limited, authorized and regulated by the
Securities and Futures Commission. Alternative asset management and
fixed income advisory services are offered through separately
registered advisory affiliates.
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©2022. Since 1895. Piper Sandler Companies. 800 Nicollet Mall,
Minneapolis, Minnesota 55402-7036
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version on businesswire.com: https://www.businesswire.com/news/home/20221115005699/en/
Pamela Steensland Tel: 612 303-8185 pamela.steensland@psc.com
Tim Carter Chief Financial Officer Tel: 612 303-5607
timothy.carter@psc.com
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