Gift to support sustainable forest management, restoration and protection, while also promoting financial well-being in disadvantaged communities
A further donation supports access to clean energy in India
COLUMBUS, OH / ACCESSWIRE / September 23, 2022 / Bread Financial ™ (NYSE: BFH), a technologically advanced financial services firm providing simple and flexible payment, loan and savings solutions, today announced a gift to The Nature Conservancy (TNC) that will support economic development opportunities that respect the nature a moderate-income community in the Appalachians and support the Conservancy’s efforts to sustainably manage, restore and protect forests. An additional donation to The Nature Conservancy India will support its efforts to provide access to clean energy.
The recent donation marks the second consecutive year in which Bread Financial supports TNC’s mission and its work to protect our planet and fight climate change through actions that limit the rise in global average temperatures. In the Appalachians, Bread Financial will support TNC’s investments in natural climate solutions, including its efforts to sustainably manage, restore and protect forests and other lands, while in India, the donation will help wind and solar projects that will help the country to meet its renewable energy targets.
Committed to strengthening the financial well-being of communities, Bread Financial’s sustainability goals are also in line with conservation efforts to generate economic development and nature-friendly jobs. The donation will support the financial well-being of communities and people in need by providing people in the Appalachians who are below the poverty line sustainable and environmentally friendly economic opportunities.
“Bread Financial recognizes the importance of environmental protection and the risks that environmental challenges, including climate change, increasingly represent for our business, our associates, our customers, our customers and the communities we serve. I am proud to share the positive impact of our actions and investments they are making to protect and preserve our planet while also promoting financial well-being “. Ralph Andretta, President and CEO of Bread Financial
“We are thrilled to receive this donation from Bread Financial, which supports TNC’s commitment to accelerate responsible management of our landscapes in ways that can improve people’s lives,” said Angie Watland, Director of the Central Appalachians Program, The Nature. Conservancy. “The health of our natural areas is inextricably linked to the health and well-being of our communities. We are all united by nature and conservation should embody that.”
Bread Financial’s gift to TNC supports multiple programs across the organization, including:
The Family Forest Carbon program. TNC is partnering with the American Forest Foundation to make carbon funding available for the first time to America’s 11 million family-owned forest owners. TNC is working with forest landowners to protect these critical forest habitats on a large scale, while improving private forest management for long-term sustainability, providing revenue through access to markets, and fighting climate change by sequestering carbon.
Mining the Sun. This program aims to stimulate economic prosperity in West Virginia, where TNC has built a strong network to create a roadmap for installing solar farms on former mining lands, brownfield sites and other industrial sites, transforming lands unproductive in goods, generating jobs and tax revenues, reducing greenhouse gas emissions and preserving vital natural landscapes.
Indigenous Tribes: In Maine and New York, TNC is working with traditional communities to understand and include their connections to the lands and waters of the Appalachians as we protect vital lands for healthy forest in a changing climate.
SiteRight: The SiteRight tool can help select locations for solar and wind projects that can help meet India’s renewable energy goals while avoiding negative impacts on the environment and people.
Bread Financial is a purpose-oriented financial services firm intent on exploring and implementing sustainable practices across its business and operations. Its commitment to protecting our planet includes measures to reduce the waste it sends to landfills, cultivating a more sustainable supply chain and reducing its greenhouse gas emissions.
To learn more about Bread Financial’s commitment to sustainability, visit BreadFinancial.com. For more information on The Nature Conservancy, visit Nature.org.
About financial bread
Bread Financial ™ (NYSE: BFH) is a technologically advanced financial services company that provides simple and personalized payment, loan and savings solutions. The company creates opportunities for its customers and partners through digitally enabled choices that offer ease, empowerment, financial flexibility, and exceptional customer experiences. Driven by a digital-centric approach, insights into data and white label technology, Bread Financial delivers growth to its partners through a comprehensive product suite, including private label and co-brand credit cards, install lending and buy now, pay later (BNPL). Bread Financial also offers direct-to-consumer solutions that offer customers greater access, choice and freedom through its American Express® Bread Cashback ™ credit card and Bread Savings ™ products.
Formerly Alliance Data, Bread Financial is an S&P MidCap 400 company headquartered in Columbus, Ohio, and committed to sustainable business practices powered by its more than 6,000 global associates. To find out more about Bread Financial, visit BreadFinancial.com or follow us on Facebook, LinkedIn, Twitter and Instagram.
About The Nature Conservancy
The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Driven by science, we create innovative field solutions to the toughest challenges in our world so that nature and people can thrive together. We are addressing climate change, conserving land, water and oceans on an unprecedented scale, providing food and water sustainably, and helping to make cities more sustainable. Working in 79 countries and territories, we use a collaborative approach that engages local communities, governments, the private sector and other partners.
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