Together we are building a better tomorrow

At Finance of America Companies, fulfilling the dream of sustainable homeownership is at the heart of what we do. Our company’s Environmental, Social, and Governance (ESG) program is intently focused on just that. We strive to operate as a socially responsible company by doing good for our customers, our employees, our communities, and our environment in order to do well for our shareholders.

 

Read our full ESG Policy Statement

Our ESG Report

Our annual report provides information about the impact we have on the ESG matters that we believe are the most relevant to our business.

2021 ESG REPORT
foa-esg-report

ESG Highlights

Our Progress on Diversity, Equity, and Inclusion

We believe furthering our Diversity, Equity, and Inclusion (DEI) mission is fundamental to our overall ESG progress. We’re making conscious, tangible efforts to increase lending in underrepresented communities and hire those who can best serve our community, while fostering a workplace that embraces and empowers all. Visit our DEI site to learn more about how we are building belonging across Finance of America.

OUR COMMITMENT TO DEI

Our Partnership with MBA Convergence

Finance of America is a proud partner with the Mortgage Bankers Association (MBA) on their next CONVERGENCE initiative. In June 2022, the MBA announced that Philadelphia was selected as the next site set to launch in early 2023. CONVERGENCE is a place-based partnership focused on finding new solutions to address our nation’s rental and housing affordability challenges. Finance of America will join Radian, and Wells Fargo in this partnership.

CONVERGENCE Philadelphia | MBA RELATED PRESS RELEASE

Our Social Bond Program

issued-social-bonds

Finance of America is a pioneer in social bond issuances within the reverse mortgage space. In 2021, we adopted a formal Social Bond Framework that aims to implement International Capital Market Association (ICMA) guidelines and principles for issuing social bonds. Finance of America is one of the few companies that has received a Second Party Opinion confirming that its Social Bond Framework is aligned with ICMA’s Social Bond Principles. Social Bond Principles seek to support issuers in financing socially sound and sustainable projects that achieve greater social benefits by directly addressing or mitigating a specific social issue or seeking to achieve a positive outcome for a target population.

In the case of Finance of America, the target population is the aging community, served by our Reverse business. Reverse mortgages, specially HECMs, provide benefits for older homeowners, and especially those with lower incomes. As of Q2 2022, Finance of America has issued nearly $2B in social bonds since the inception of the program.

Relevant Policies

At Finance of America, strong corporate governance is integral to our operations. We have policies in place to provide guidance and clarity on our business practices. The following policies are relevant to our ESG mission and demonstrate our long-term commitment to corporate responsibility.

Code of Conduct and Business Ethics Privacy Policy ESG Policy

View our SEC Filings & Annual Proxy Statement

For more information on Finance of America Companies’ business and financial performance, please view

SEC Filings Annual Proxy Statement

To reach us, please email ir@financeofamerica.com