Rent-A-Center Releases Sustainability Report

May 19, 2022  by Laurie Northington in Business Strategy, Industry   

The report provides the first steps in developing and implementing a strategy focused on environmental, social and governance (ESG) performance by highlighting our key initiatives that manage the evolving risks and opportunities across all areas of the business.

"Our mission at Rent-A-Center has always been to increase access to a better quality of life for people underserved by mainstream financial systems. Our commitment to making a positive impact goes beyond our customers. It applies to co-workers, the communities we operate in, shareholders, and society broadly. I am proud to say our inaugural Sustainability Report shows this commitment and our focus on business practices that minimize harm and maximize positive impacts on people and the planet moving forward," said Mitch Fadel, CEO.

In addition to disclosing metrics to show alignment with the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI), the report also provides detailed information on the Company’s priority ESG issues targeted for 2022 and beyond.

·       Climate & Environment: Identify where to minimize our environmental risks through conducting a comprehensive greenhouse gas inventory as well as a climate risk assessment

·       Best Practices for Account Management: Focus on enhancing our culture around coworker training and development opportunities

·       Data Management & Tools: Prioritize the development of tools, processes and systems required to operationalize ESG performance

·       Governance for Sustainability: Develop ESG performance targets for board and senior leadership responsibilities, as well as training on ESG issues across roles

The full Rent-A-Center, Inc. inaugural Sustainability Report can be found on the Company’s Investor Relations page, https://investor.rentacenter.com/