FLAGSTAR BANK RELEASES 2023 ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORT

Core Insights - Flagstar Bank has released its 2023 ESG Report, highlighting its commitment to sustainability and social responsibility, and showcasing early achievement of its 2030 carbon emissions targets [1][4] Environmental Initiatives - The bank reduced its Scope 1 and 2 greenhouse gas emissions by 34% in 2023, exceeding its goal of a 30% reduction by 2030 based on a 2019 baseline [3] - The report aligns with key standards such as the Global Reporting Initiative Universal Standards and the Task Force on Climate-related Financial Disclosures framework [4] Social Responsibility - Flagstar has expanded its mentorship program to over 150 mentees and 40 mentors, focusing on guidance and career growth [3] - The bank completed a full rollout of in-language loan documents in Spanish across all retail locations in 2023 [3] - It invested over $93.1 million in CRA low-income housing tax credits and provided $5.6 million in CRA-qualifying grants and sponsorships [3] Governance and Community Impact - Flagstar became a member of six national certifying and advocacy organizations to enhance supplier diversity, including support for women, veterans, individuals with disabilities, and LGBTQ community members [3] - The Community Foundation awarded $3.16 million in grants to organizations focused on workforce readiness, arts and culture, and financial capability [3] Company Overview - New York Community Bancorp, Inc. is the parent company of Flagstar Bank, with assets totaling $119.1 billion and loans amounting to $82.4 billion as of June 30, 2024 [5] - Flagstar operates over 400 branches, with a significant presence in the Northeast and Midwest, and has approximately 90 private banking teams in major cities [6]