TMCnet News
WEX Releases Inaugural Environmental, Social and Governance (ESG) ReportWEX (NYSE: WEX), a leading financial technology service provider, today released its inaugural Environmental, Social and Governance (ESG) Report to communicate how the company is addressing the ESG impacts that are most important to its investors, employees, and communities. This report advances WEX's ESG efforts with increased focus and improved public disclosure related to its environmental commitment, diversity and inclusion initiatives, social responsibility, talent management and development, and governance. This first ESG report acts as a foundation for greater transparency in these five areas as part of WEX's ESG strategy and execution in 2021 and beyond. "While our business has always been aligned with corporate and social responsibility, our ESG report reflects WEX's commitment to continuous improvement as we strive to become an even more sustainable and resilient business," said Melissa Smith, chair and chief executive officer of WEX. "We have great efforts and initiatives underway, and we have a lot of important work ahead of us. As with everything we do at WEX, our core values of integrity, execution, innovation, relationships and community will guide us." In 2019, WEX began expansion beyond CSR (News - Alert) and formalized its focus around ESG with a goal of greater transparency and strengthened competencies. Highlights and progress addressed in the report include: Diversity and inclusion:
Governance:
Social responsibility:
Talent:
"We are excited to continue developing and articulating our ESG program, and we are proud of WEX's heritage and culture that has brought us to where we are today," said Hilary Rapkin, chief legal officer of WEX. "This report highlights our dedication to greater transparency and disclosure, and we encourage your input, collaboration, and support as we move forward on our ESG journey." WEX's inaugural ESG report leverages the Sustainability Accounting Standards Board (SASB) framework to understand and communicate what is of most relevance to its investors. WEX also referred to the Global Reporting Initiative (GRI) and industry best practices to identify areas of interest to a broader group of stakeholders, including its employees, customers, partners, and the communities in which it operates. Lastly, WEX has compared its activities to the United Nations' Sustainable Development Goals (SDGs) and aligned its activities with these five global goals: good health and well-being, quality education, gender equality, decent work and economic growth, and responsible consumption and production. About WEX Powered by the belief that complex payment systems can be made simple, WEX (NYSE: WEX) is a leading financial technology service provider across a wide spectrum of sectors, including fleet, corporate payments, travel and health. WEX has offices in more than 10 countries and employs more than 5,200 associates around the world. WEX fleet cards offer approximately 16 million vehicles exceptional payment security and control; purchase volume in travel and corporate solutions was $20.9 billion in 2020 and was processed in over 20 currencies; our health division provides consumer-directed healthcare technology and services, and reached an estimated 34.3 million U.S. consumers as of March 31, 2021. For more information, visit www.wexinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210527005884/en/ |