OneMain : Opens in new windowOneMain Financial Releases 2021 ESG Report
September 02, 2022 at 11:59 pm IST
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Kelly Ogburn
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OneMain Financial Releases 2021 ESG Report
NEW YORK - September 2, 2022 - OneMain Financial, the leader in offering nonprime customers responsible access to credit, today published its 2021 ESG Report, highlighting the company's accomplishments and commitment to its Environmental, Social and Governance (ESG) goals.
OneMain's approach to ESG is guided by three priorities: building trust and strong relationships with stakeholders; providing customers with responsible lending solutions; and, contributing to our communities through education, financial wellness and volunteerism.
The company's 2021 ESG accomplishments include:
Establishing OneMain's ESG Executive Council, a diverse group of five senior executives who coordinate internal resources and report to the Board on relevant ESG topics.
Refreshing the company's Board of Directors with three new members who bring world- class perspectives and expertise, and who are 100% minority, 66% Black and 33% female.
Issuing a $750 million inaugural Social Bond, followed by a $600 million Social ABS issuance in 2022, both of which further OneMain's commitment to financial inclusion and serving credit-disadvantaged communities.
Taking important steps to promote sustainability, reduce our environmental impact and build a more sustainable economic and environmental future.
Supporting our team members and promoting a respectful, inclusive workplace that fosters career development.
Introducing and providing Trim, a financial wellness tool, free of cost to our customers to help them budget better and save money on everyday expenses.
Launching Credit Worthy by OneMain Financial, a free financial education program reaching thousands of high schools across the country through a $4 million commitment.
"Each year brings the opportunity to advance our ESG practices, and I am proud of the progress we continue to make to enhance our approach," said OneMain CEO Doug Shulman. "We are committed to helping our communities thrive through practices rooted in financial inclusion and wellness."
Click hereto read the full OneMain Financial ESG Report.
About OneMain Financial
OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. We empower our customers to solve today's problems and reach a better financial future through personalized solutions available online and in 1,400 locations across 44 states. OneMain is committed to making a positive impact on the people and the communities we serve. For additional information, please visit OneMainFinancial.com.
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OneMain Holdings Inc. published this content on 02 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2022 18:28:06 UTC.
OneMain Holdings, Inc. is a financial service holding company. The Company provides personal loan products; offers credit cards; offers optional credit insurance and other; offers a customer-focused financial wellness program, and acquisitions and dispositions of assets and businesses. It provides origination, underwriting, and servicing of personal loans, primarily to nonprime customers. In addition, the Company offers two credit cards, BrightWay and BrightWay+, through a third-party bank partner. The Company offers optional credit insurance products, such as credit life insurance, which provides for payment to the lender of the finance receivable in the event of the borrowerâs death; credit disability insurance, which provides scheduled monthly loan payments to the lender during borrowerâs disability due to illness or injury, and credit involuntary unemployment insurance, which provides scheduled monthly loan payments to the lender during borrowerâs involuntary unemployment.