Climate Change Data

Environmental Metrics

ESG Focus Areas

• Affordable financing for low-income individuals and communities
• Minority wealth creation
• Community development

Social Achievements

• Provided $7.49 million in PPP loans to 245 small businesses, with 63% going to minority- or women-owned businesses.
• Provided $1 million emergency loan to the Aquarium of the Bay, saving 24,000 marine animals.
• Funded 39 projects totaling $93.6 million in new core loans.
• Awarded $65 million in New Markets Tax Credits (NMTCs), deploying $52.25 million in Federal NMTCs and $2.94 million in Nevada State tax credits.
• Launched FVLCRUM Fund, a private equity fund dedicated to reducing the minority wealth gap.
• Donated $171,982 to various charitable organizations.

Governance Achievements

• Maintained profitability for the 21st consecutive year.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly impacted approximately 35% of borrowers, resulting in significant reduction of income and the recognition of a large reserve against income.

Mitigation Strategies

• Provided three-month payment deferrals to impacted borrowers.
• Secured approval to offer PPP loans.
• Committed $10 million for emergency loans to nonprofits.
• Continued core business operations.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• #41 in Real Leaders Top 150 Impact Companies in the World

Environmental Metrics

ESG Focus Areas

• Economic opportunity in underserved communities
• Environmental efforts
• Minority/women-owned businesses
• Affordable housing
• Native American-owned enterprises

Environmental Achievements

• $45.7 million for 24 projects with environmental efforts

Social Achievements

• $38.6 million for 185 minority/women-owned or controlled businesses
• 619 total housing units created, with 62% designated as affordable
• $472,000 provided to Native American-owned enterprises
• Creation or retention of more than 38,866 jobs
• Benefitted over 3.24 million individuals
• Creation/retention of 24,329 student spaces and 10,100 units of affordable, student, and shelter housing

Governance Achievements

• Addition of four new members to the Board of Directors

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: B Corp