Environmental, Social & Governance

Overview

The report describes Flagstar's 2020 response to COVID-19, including mortgage forbearance relief for more than 100,000 homeowners and over 3,000 Paycheck Protection Program loans. It highlights $2 million in nonprofit grants, $1 million in grants to Black, Indigenous, and people of color-owned small businesses, and extensive community investments. Employee initiatives included a company-wide DE&I strategy and required inclusion training, while the board expanded to eleven directors including three women. Environmental management focused on establishing a baseline and goals, alongside LED and facility-efficiency upgrades.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2020
Period: Ends 31 December 2020
Language: English
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