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NEW YORK–(BUSINESS WIRE)–Annaly Capital Management, Inc. (NYSE: NLY) (the “Company” or “Annaly”) today announced the release of its third corporate responsibility report for the year 2021, titled Assessment of our impact. The report demonstrates Annaly’s continued focus on defining and measuring progress on environmental, social and governance (“ESG”) objectives, as well as its commitment to providing increased disclosure and transparency.
“As indicated in our report, we continue to Take stock of our impact – establish ESG goals and commitments and track our significant progress as we strive to embed ESG priorities across our business,” said David Finkelstein, President and CEO of Annaly. “I’m happy to share everything we accomplished in 2021, including improving the company’s executive compensation program, expanding our parental leave and fertility benefits, and providing additional information about the climate. These milestones and our other ESG milestones have helped create lasting value for all of our stakeholders. »
Corporate Responsibility Report Highlights
Annaly actively integrates ESG considerations into its overall strategy through the following key areas: corporate governance, human capital, responsible investments and the environment.
Annaly provides additional disclosures under the standards of the Accounting Standards Board for Sustainability (“SASB”) and the Global Reporting Initiative (“GRI”) standards frameworks. In the latest report, the company has included additional disclosures describing climate-related risks and opportunities across its short-, medium-, and long-term businesses, as recommended by the Task Force on Climate-Related Financial Disclosures ( “TCFD”). . Additionally, the report incorporates summary ESG metrics for the past three years, which include additional details on Annaly’s board and employee composition, philanthropy and volunteerism efforts, and environmental indicators.
Highlights and achievements from the 2021 Corporate Responsibility Report include:
- Corporate governance : Annaly made additional enhancements to the company’s executive compensation program, including increasing the relative weighting of equities as a percentage of the total compensation opportunity, as well as increasing the proportion of performance-based awards as a percentage of total stock compensation. In addition, the Company amended its corporate governance guidelines and updated board committee charters to reflect integrated oversight of ESG practices, initiatives and risks across the board. and its committees.
- Human capital: Annaly continued her commitment to investing in human capital and the company’s Diversity, Equity and Inclusion (“DEI”) initiatives: expanding to seven employee-sponsored affinity groups, hosting company-wide DEI education and improve parental leave and fertility benefits.
- Responsible investments: As of December 31, 2021, Annaly has over $86 billion in residential housing investment supporting over 650,000 homes. Annaly continues to be committed to further integrating consideration of ESG factors into its investment and portfolio management processes across all of its investment strategies.
- Environment: The Company has provided additional climate-related disclosures that consider TCFD recommendations and has purchased carbon credits to offset 100% of its Scope 2 GHG emissions.
To learn more about Annaly’s Corporate Responsibility initiatives and to view the 2021 Corporate Responsibility Report, please visit www.annaly.com/our-responsibility.
Annaly is a leading diversified capital manager with investment strategies in mortgage financing. Annaly’s primary business objective is to generate net income for distribution to its shareholders and to optimize its returns through the careful management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Additional information about the Company is available at www.annaly.com.
This press release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements that are based on various assumptions (some of which are beyond our control) and can be identified by reference to one or more future periods or by the the use of forward-looking terminology, such as “may”, “will”, “believe”, “expect”, “anticipate”, “continue” or similar terms or variations of these terms or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, risks and uncertainties related to the COVID-19 pandemic, including with respect to the conditions adverse economic real estate-related assets and financing conditions (and our business prospects in light of such conditions, which are uncertain); changes in interest rates; evolution of the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other securities for purchase; the availability of financing and, if applicable, the terms of any financing; changes in the market value of our assets; changes in business conditions and the general economy; operational risks or failures in risk management by us or critical third parties, including cybersecurity incidents; our ability to grow our residential credit business; the sale of our mid-market lending business; credit risks related to our investments in credit risk transfer securities, residential mortgage-backed securities and related residential mortgage assets and corporate debt; risks relating to investments in mortgage servicing rights; our ability to complete all contemplated investment opportunities; changes in government regulations or policies affecting our business; our ability to maintain our qualification as a REIT for US federal income tax purposes; and our ability to maintain our exemption from registration under the Investment Companies Act. For a discussion of risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in our most recent Annual Report on Form 10-K and all subsequent quarterly reports on Form 10- Q The Company does not undertake, and specifically disclaims any obligation, to publish the result of any revisions which may be made to forward-looking statements to reflect the occurrence of foreseen or unforeseen events or circumstances after the date of these statements, unless required by law.
Annaly Capital Management, Inc.
Source: Annaly Capital Management, Inc.