Climate Change Data

Navient

Climate Impact & Sustainability Data (2021, 2024)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced paper usage through "go paperless" initiatives, achieving nearly 90% electronic communication with student loan borrowers.
  • Incorporated energy-efficient building support systems and corporate-sponsored recycling programs.
  • Reduced travel-related emissions through video conferencing.

Social Achievements

  • Helped more than 4.6 million student loan borrowers pay off their student loans over the past decade.
  • Helped millions of borrowers enroll in federal income-driven repayment plans.
  • Refinanced more than $18 billion in student loans since 2014.
  • Partnered with Boys & Girls Clubs of America to provide career and college planning resources.
  • Provided an estimated 735,000 hours of training in 2021.

Governance Achievements

  • 60% of board members are women and minority members.
  • Maintained a robust, multilayered compliance management system.
  • Implemented strong whistleblower protections and zero-tolerance policies for harassment, bribery, corruption, and falsification of records.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Diversity Program focusing on minority-owned, women-owned, veteran-owned, LGBT, and HUBZone small businesses.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • UN Sustainable Development Goal #4 (Quality Education)

Supporting education and economic opportunity through education finance solutions, advocacy for policies that strengthen educational outcomes, and providing financial tools and resources.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Four 2022 Military Friendly designations from VIQTORY
  • Recognition by Human Rights Campaign Foundation

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Nearly 90% of student loan borrowers opted for electronic communications, reducing paper usage.
  • Incorporated energy-efficient building support systems and corporate-sponsored recycling programs.

Social Achievements

  • Helped more than 8 million student loan borrowers pay off their student loans over the past decade.
  • Helped millions of borrowers enroll in federal income-driven repayment plans.
  • Refinanced more than $22 billion in student loans since 2014.
  • Partnered with Boys & Girls Clubs of America to launch the Diplomas to Degrees program, increasing teen understanding of financial aid.
  • Provided an estimated 554,000 hours of training in the last year.

Governance Achievements

  • Maintained a robust, multilayered compliance management system.
  • 56% of board members are women and minority board members.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Diversity Program focusing on minority-owned, women-owned, veteran-owned, LGBT, and HUBZone small businesses.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: CDP (Carbon Disclosure Project)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • UN Sustainable Development Goal #4 (Quality Education)

Supporting education and economic opportunity through education finance solutions and partnerships.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Newsweek’s America's Greatest Workplaces for Diversity 2024
  • Four 2024 Military Friendly designations from VIQTORY
  • Newsweek’s America’s Greatest Workplaces for Women for 2024
  • Adoption Advocate by the Dave Thomas Foundation for Adoption
  • Best Place to Work for Working Daughters