Commercial, Energy Efficiency, Energy Procurement - May 23, 2023
Bread Financial Prioritizes Energy Efficiency and Conservation
Bread Financial, a financial services company, announced achievements include procuring 75%+ of its electricity from renewable sources and increasing building efficiency by 25%, with new builds and renovations meeting LEED Gold or WELL Gold standards. Its Ohio headquarters earned an Energy Star certification, which indicates the building is more energy efficient than 83% of buildings nationwide and generates about 35% fewer GHG emissions.
The company fulfilled all goals in its 2022 Climate Action Roadmap, which included completing a climate risk assessment and comprehensive energy audit. Additionally, it formed a third-party partnership to explore low-carbon solutions for reducing GHG emissions. It also encouraged EV adoption, hosting an EV education program for employees and providing EV charging access.
To continue its momentum, Bread Financial plans on implementing more energy efficiency and conservation measures. Its goal is to purchase 100% renewable energy for all of its facilities by the end of 2023.
Details were highlighted in the company's 2022 ESG Report.
“I am extremely proud of the progress Bread Financial has made to advance our ESG initiatives, as illustrated in our 2022 report,” said Ralph Aindretta, President and Chief Executive Officer of Bread Financial, in a statement. “By integrating environmental stewardship, social responsibility, and good governance practices into our business strategy, we are not only driving financial performance, but also creating a more resilient, competitive organization that benefits all of our stakeholders. As we continue to evolve as a purpose-driven financial services company, our well-established ESG practices enable us to reduce risks, deliver responsible growth, and ensures we hold ourselves accountable to the ever-changing needs of our society and planet.”
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