Pacific Premier Bancorp, Inc.
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Equitable Impact
- Community Support
- Environmental, Social, and Governance (ESG)
Social Achievements
- Launched Equitable Impact Initiative, a multi-year $50 million commitment to reduce social and economic disparities in underserved communities.
- Invested $30 million in SoLa Black Impact Fund to support prosperity and racial equity within Black and Brown communities.
- Invested $15 million in SDS Supportive Housing Fund to finance approximately 1,800 new units of permanent supportive housing.
- Donated $150,000 to LISC LA to support its efforts in transforming underserved neighborhoods.
- Donated $5 million to Community Capital Management's Minority CARES initiative.
- Donated $500,000 over two years to the California Reinvestment Coalition (CRC) Resilience Fund.
Governance Achievements
- Received the best available QualityScore composite rating for Governance from Institutional Shareholder Services (ISS).
Climate Goals & Targets
Environmental Challenges
- Ongoing pandemic
- Supply chain disruptions
- Labor shortages
Mitigation Strategies
- Leveraging the expanded capabilities of our larger and more diverse organization
- Investing in technology to support and drive growth
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), United Nations Sustainable Development Goals (SDGs)