Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Engages in sustainability activities across corporate facilities including recycling, LED lighting, energy-conserving appliances, and low water consumption plumbing fixtures.
• Evaluating enterprise-wide changes regarding waste, water, and energy usage (e.g., biodegradable options, recycling of coffee packets).

Social Achievements

• Provided $52,691.50 in tuition reimbursements to employees.
• Conducted 8,863 hours of employee training in 2019.
• Contributed $89,138 through the Matching Gifts Program and $128,725 in corporate charitable contributions in 2019.
• Cultivated strategic partnerships with diverse real estate trade associations to support homeownership among diverse communities.

Governance Achievements

• Declassified Board
• Adherence to state insurance regulations and laws.
• Incorporation of ESG factors in investment management processes and strategies.
• Implementation of Ethics Policy, Anti-Bribery & Corruption Policy, Privacy Policy, and Information Security Policies and Programs.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes, wildfires

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB, UN SDGs

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 1
• Goal 3
• Goal 5
• Goal 7
• Goal 9
• Goal 10
• Goal 12

Radian's support for these goals is outlined in the report.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Diversity, Equity and Inclusion (DEI)
• Climate Change
• Human Capital Management
• Corporate Governance

Environmental Achievements

• Reduced paper consumption by 70% from 2020 to 2021, further reduced to 8% in 2022 despite employees returning to offices; opened new Cherry Hill, NJ office with minimal environmental impact (reused existing materials, minimized new land development, installed energy-efficient systems).

Social Achievements

• Launched fourth Employee Resource Group (Radian Salutes) to support veterans, military spouses, and their families; published inaugural DEI Report; increased employee engagement score by 5 points above benchmark; increased representation of women to 47.1% of candidates interviewed; surpassed goal of 40% racially diverse candidates interviewed; introduced improved suite of perks to reduce employees’ barriers to homeownership, providing $54,190 in benefits.
• Increased participation in each ERG by at least 20%.

Governance Achievements

• Named to the Bloomberg Gender Equality Index for the fifth consecutive year; increased Human Rights Campaign’s Corporate Equality Index score for the fourth consecutive year; recognized by 50/50 Women on Boards and designated as a Champion of Board Diversity by The Forum of Executive Women; expanded DEI governing body to the Executive Inclusion Council (EIC); implemented LinkedIn Learning, surpassing benchmarks in all key metrics.

Climate Goals & Targets

Environmental Challenges

• Employee feedback indicated a desire for more connection opportunities and transparency around compensation and internal pay practices.

Mitigation Strategies

• Hosted connection events, luncheons, and virtual events; provided compensation education via virtual learning program and additional education/support for people leaders on compensation conversations.

Supply Chain Management

Responsible Procurement

• Supplier Attestation and Expectations document; developing supplier diversity strategy.

Climate-Related Risks & Opportunities

Physical Risks

• Weather-related natural catastrophes (excluded from primary insurance products)

Reporting Standards

Frameworks Used: SASB, TCFD, UN SDGs

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 3: Good Health and Well-being
• Goal 5: Gender Equality
• Goal 8: Decent Work and Economic Growth
• Goal 10: Reduced Inequalities
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action
• Goal 16: Peace, Justice and Strong Institutions

Radian's initiatives contribute to these goals through various programs and strategies outlined in the report.

Awards & Recognition

• Bloomberg Gender Equality Index (5 consecutive years)
• America’s Greatest Workplaces for Diversity 2023
• America’s Greatest Workplaces for Women 2023
• IABC Gold Quill Award of Merit

Environmental Metrics

ESG Focus Areas

• Climate Change
• Governance
• Social

Environmental Achievements

• Reduced CO2e emissions by 6% from 2022 to 2023 (2,209.36 metric tons to 2,081.57 metric tons)

Social Achievements

• Not disclosed

Governance Achievements

• Established policies and procedures to ensure compliance with applicable laws and regulations related to ESG reporting.

Climate Goals & Targets

Environmental Challenges

• Increased reporting obligations due to climate change (ESG and climate-related reporting requirements)
• Increased stakeholder concern or negative stakeholder feedback regarding sustainability
• Uncertainty in the market due to climate change and extreme weather events
• Extreme weather events and natural disasters causing potential damage and disruption to business operations
• Long-term shifts in weather patterns negatively affecting regional economies and credit performance of insured mortgages

Mitigation Strategies

• Established policies and procedures to ensure compliance with applicable laws and regulations
• Developing and evolving its ability to comply with requests for robust sustainability data and ambitious climate targets
• Utilizing an ERM framework to identify and evaluate significant risks and calibrate risk mitigation strategies
• IT Disaster Recovery and Safety, Security, and Resilience programs designed to mitigate environmental risks
• Radian Guaranty’s mortgage insurance Master Policy generally excludes coverage for any cost or expense related to the repair or remedy of any physical damage to a property insured by Radian Guaranty if physical damage was the principal cause of the mortgage default.
• Premiums for mortgage insurance products are generally established based on performance models that consider a broad range of borrower, loan and property characteristics as well as current and projected market and economic conditions, which may include the impact of climate-related events on home prices and employment in a specific geographic region.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events and natural disasters
• Long-term shifts in weather patterns

Transition Risks

• Policy and Legal changes
• Reputation risks
• Market uncertainty

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: TCFD, Greenhouse Gas Protocol

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed