{"id":505321,"date":"2021-06-22T06:03:46","date_gmt":"2021-06-22T10:03:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/"},"modified":"2021-06-22T06:03:46","modified_gmt":"2021-06-22T10:03:46","slug":"western-union-releases-2020-environmental-social-and-governance-esg-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/","title":{"rendered":"Western Union Releases 2020 Environmental, Social and Governance (ESG) Report"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Western Union Releases 2020 Environmental, Social and Governance (ESG) Report <\/b><\/p>\n<p class=\"bwalignc\"><i>Third Annual ESG Report Details Company\u2019s Focus on Furthering Economic Prosperity, Promoting the Integrity of Global Money Movement, and Advancing Diversity Equity and Inclusion (DEI)<\/i><\/p>\n<p>DENVER&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.westernunion.com%2Findex.html&amp;esheet=52449095&amp;newsitemid=20210622005354&amp;lan=en-US&amp;anchor=The+Western+Union+Company&amp;index=1&amp;md5=335f79c92166f7293ad932e3c0736c8c\">The Western Union Company<\/a> (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today released its 2020 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.westernunion.com%2Fesg%2F&amp;esheet=52449095&amp;newsitemid=20210622005354&amp;lan=en-US&amp;anchor=Environmental%2C+Social+and+Governance+%28ESG%29+Report&amp;index=2&amp;md5=dfb8c68238591a773effa5c284b7dfcc\">Environmental, Social and Governance (ESG) Report<\/a>, spotlighting the company\u2019s commitment to its stakeholders through an evolved ESG strategy and actions aligned to its key ESG priorities.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210622005354\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210622005354\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210622005354\/en\/886731\/4\/WU-SMG-v3_CoverImage-pressrelease_%281%29.jpg\" alt=\"2020 Environmental, Social &amp; Governance Report (Graphic: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">2020 Environmental, Social &amp; Governance Report (Graphic: Business Wire)<\/p>\n<\/div>\n<p>\n\u201c2020 reinforced the importance of collective action to address global challenges,\u201d said Hikmet Ersek, Western Union\u2019s President and CEO. \u201cFollowing a year in which borders were sealed and economies struggled, we emerged with an even sharper focus on our role as a connector of people and businesses globally. Our ESG efforts are closely aligned to this view of our business, and our belief that we have a critical role to play in creating solutions and building collaborations worldwide to advance shared ESG priorities.\u201d\n<\/p>\n<p><b>2020 ESG Highlights<\/b><\/p>\n<p>\nThe report outlines the company\u2019s efforts to connect people and businesses globally, foster an inclusive workplace, move money with integrity, uphold strong governance, safeguard our shared environment, and provide training, education and crisis relief through the Western Union Foundation. Key accomplishments in these areas included:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Cross-border money movement<\/b>: Enabling nearly 150 million customers in more than 200 countries and territories to send and receive funds in more than 130 currencies, to and from almost anywhere, as the global pandemic raged.\n<\/li>\n<li><b>Support for migrants:<\/b> Continuing to support migrant, refugee and other vulnerable populations through monetary and other support to organizations focused on these groups, raising awareness and funding critical research.\n<\/li>\n<li><b>Fraud prevention:<\/b> Preventing $1.4 billion of fraudulent transactions, with the lowest annual dollar-value payout reported as fraud since Western Union began tracking consumer fraud claims in 2005.\n<\/li>\n<li><b>Board diversity:<\/b> Actively ensuring diversity at Board level &#8211; as of 2020, 45% of the company\u2019s 11 Board members were female and\/or identified as Latinx, Asian or LGBTQ+.\n<\/li>\n<li><b>Human rights:<\/b> Identifying and prioritizing the company\u2019s human rights impacts, and releasing a <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fs21.q4cdn.com%2F100551446%2Ffiles%2Fdoc_downloads%2Fgov_documents%2F2021%2F05%2FWUHuman-Rights-Statement_2021-FINAL.pdf&amp;esheet=52449095&amp;newsitemid=20210622005354&amp;lan=en-US&amp;anchor=Human+Rights+Statement&amp;index=3&amp;md5=794f49b5af1cf1fc25e64e767e6871aa\">Human Rights Statement<\/a> guided by internationally recognized standards.\n<\/li>\n<li><b>Western Union Foundation:<\/b> Enabling the Western Union Foundation to reach more than 200,000 people through workforce skilling and support for resilience in crises.\n<\/li>\n<\/ul>\n<p><b>Western Union\u2019s ESG Strategy and Goals<\/b><\/p>\n<p>\nIn 2020, Western Union completed a refreshed materiality assessment to further shape its ESG strategy and priorities. This process identified 21 ESG topics to be integrated into Western Union\u2019s ESG efforts, prioritizing three topics of greatest importance to its business and stakeholders: <i>furthering economic prosperity around the world<\/i>; <i>promoting the integrity of global money movement; and advancing diversity, equity, and inclusion (DEI). <\/i><\/p>\n<p>\nThe company also set forth the following goals to continue advancing its ESG priorities:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nMaintain gender pay equity globally and racial\/ethnic pay equity in the U.S.\n<\/li>\n<li>\nIncrease gender diversity in leadership, achieving at least 40% women in senior management positions by 2025.\n<\/li>\n<li>\nIncrease racial and ethnic diversity among employees, including reaching at least 25% Latinx and Black employees in the U.S. by 2025.\n<\/li>\n<li>\nConduct more than 300,000 partner engagements, such as compliance program reviews or trainings, with Western Union partners globally to continue building capacity within the financial system to detect and prevent illicit activity, by 2025.\n<\/li>\n<li>\nReach approximately 300 million consumers and clients to promote fraud awareness and education by 2025.\n<\/li>\n<\/ul>\n<p>\nThe Western Union 2020 ESG report and executive summary are available for download at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.westernunion.com%2Fesg%2F&amp;esheet=52449095&amp;newsitemid=20210622005354&amp;lan=en-US&amp;anchor=https%3A%2F%2Fcorporate.westernunion.com%2Fesg%2F&amp;index=4&amp;md5=c72e37b4b3e2bf7d4f4b8dec202881bc\">https:\/\/corporate.westernunion.com\/esg\/<\/a>. It is prepared in accordance with Global Reporting Initiative (GRI) standards, and includes responses to select relevant metrics from the Sustainability Accounting Standards Board (SASB) Standards. The report also details Western Union\u2019s actions to advance the United Nations Sustainable Development Goals.\n<\/p>\n<p><b><span class=\"bwuline\">Safe Harbor Compliance Statement for Forward-Looking Statements<\/span><\/b><\/p>\n<p>\nThis press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These statements are not historical facts or guarantees of future outcomes, but rather are based on current expectations, estimates, assumptions, and projections, and include statements regarding our goals, commitments, programs, and other plans and objectives. Words such as \u201cexpects,\u201d \u201cintends,\u201d \u201ctargets,\u201d \u201cgoals,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201caims,\u201d \u201cplans,\u201d \u201cstrives,\u201d and other similar expressions or future or conditional verbs such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201ccould,\u201d and \u201cmight\u201d are intended to identify such forward-looking statements. Our actual outcomes and results may differ materially from those expressed in, or implied by, our forward-looking statements based on changes in circumstances, assumptions not being realized, or other risks, uncertainties, and factors. Such risks, uncertainties, and factors include, but are not limited to, those discussed in the Risk Factors section throughout our Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Quarterly Reports on Form 10-Q and Current Reports filed on Form 8-K with the U.S. Securities and Exchange Commission. In addition, we cannot assure you that outcomes or results, including the achievement of any stated goals or targets, will have the forecasted, desired, or expected consequences and effects. Our forward-looking statements are only as of the date they are made, and we undertake no obligation to update any forward-looking statement.\n<\/p>\n<p><b>About Western Union<\/b><\/p>\n<p>\nThe Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Western Union\u2019s platform provides seamless cross-border flows and its leading global financial network bridges more than 200 countries and territories and over 130 currencies. We connect businesses, financial institutions, governments, and consumers through one of the world\u2019s widest reaching networks, accessing billions of bank accounts, millions of digital wallets, and cards, and over half a million retail locations. Western Union connects the world to bring boundless possibilities within reach. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.westernunion.com&amp;esheet=52449095&amp;newsitemid=20210622005354&amp;lan=en-US&amp;anchor=www.westernunion.com&amp;index=5&amp;md5=660012c8fea84aab91d7813242ad5162\">www.westernunion.com<\/a>.\n<\/p>\n<p>\nWU-G\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210622005354r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210622005354\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210622005354\/en\/<\/a><\/span><\/p>\n<p><b>Western Union Investor Relations:<br \/>\n<\/b><br \/>Brad Windbigler: <a rel=\"nofollow\" href=\"mailto:brad.windbigler@westernunion.com\">brad.windbigler@westernunion.com<\/a><\/p>\n<p><b>Western Union Global Communications:<br \/>\n<\/b><br \/>Claire Treacy: <a rel=\"nofollow\" href=\"mailto:Claire.treacy@westernunion.com\">Claire.treacy@westernunion.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Colorado<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Philanthropy Technology Other Technology Other Philanthropy Finance Banking<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210622005354\/en\/694526\/3\/28427862_WU_Logo_BlackBox_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210622005354\/en\/886731\/3\/WU-SMG-v3_CoverImage-pressrelease_%281%29.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">2020 Environmental, Social &amp; Governance Report (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Western Union Releases 2020 Environmental, Social and Governance (ESG) Report Third Annual ESG Report Details Company\u2019s Focus on Furthering Economic Prosperity, Promoting the Integrity of Global Money Movement, and Advancing Diversity Equity and Inclusion (DEI) DENVER&#8211;(BUSINESS WIRE)&#8211;The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today released its 2020 Environmental, Social and Governance (ESG) Report, spotlighting the company\u2019s commitment to its stakeholders through an evolved ESG strategy and actions aligned to its key ESG priorities. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210622005354\/en\/ 2020 Environmental, Social &amp; Governance Report (Graphic: Business Wire) \u201c2020 reinforced the importance of collective action to address global challenges,\u201d said Hikmet Ersek, Western Union\u2019s President and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Western Union Releases 2020 Environmental, Social and Governance (ESG) Report&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-505321","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Western Union Releases 2020 Environmental, Social and Governance (ESG) Report - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Western Union Releases 2020 Environmental, Social and Governance (ESG) Report - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Western Union Releases 2020 Environmental, Social and Governance (ESG) Report Third Annual ESG Report Details Company\u2019s Focus on Furthering Economic Prosperity, Promoting the Integrity of Global Money Movement, and Advancing Diversity Equity and Inclusion (DEI) DENVER&#8211;(BUSINESS WIRE)&#8211;The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today released its 2020 Environmental, Social and Governance (ESG) Report, spotlighting the company\u2019s commitment to its stakeholders through an evolved ESG strategy and actions aligned to its key ESG priorities. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210622005354\/en\/ 2020 Environmental, Social &amp; Governance Report (Graphic: Business Wire) \u201c2020 reinforced the importance of collective action to address global challenges,\u201d said Hikmet Ersek, Western Union\u2019s President and &hellip; Continue reading &quot;Western Union Releases 2020 Environmental, Social and Governance (ESG) Report&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-22T10:03:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20210622005354\/en\/886731\/4\/WU-SMG-v3_CoverImage-pressrelease_%281%29.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/western-union-releases-2020-environmental-social-and-governance-esg-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/western-union-releases-2020-environmental-social-and-governance-esg-report\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Western Union Releases 2020 Environmental, Social and Governance (ESG) Report\",\"datePublished\":\"2021-06-22T10:03:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/western-union-releases-2020-environmental-social-and-governance-esg-report\\\/\"},\"wordCount\":1041,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/western-union-releases-2020-environmental-social-and-governance-esg-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20210622005354\\\/en\\\/886731\\\/4\\\/WU-SMG-v3_CoverImage-pressrelease_%281%29.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/western-union-releases-2020-environmental-social-and-governance-esg-report\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/western-union-releases-2020-environmental-social-and-governance-esg-report\\\/\",\"name\":\"Western Union Releases 2020 Environmental, Social and Governance (ESG) Report - 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210622005354\/en\/ 2020 Environmental, Social &amp; Governance Report (Graphic: Business Wire) \u201c2020 reinforced the importance of collective action to address global challenges,\u201d said Hikmet Ersek, Western Union\u2019s President and &hellip; Continue reading \"Western Union Releases 2020 Environmental, Social and Governance (ESG) Report\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-22T10:03:46+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20210622005354\/en\/886731\/4\/WU-SMG-v3_CoverImage-pressrelease_%281%29.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Western Union Releases 2020 Environmental, Social and Governance (ESG) Report","datePublished":"2021-06-22T10:03:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/"},"wordCount":1041,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20210622005354\/en\/886731\/4\/WU-SMG-v3_CoverImage-pressrelease_%281%29.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-releases-2020-environmental-social-and-governance-esg-report\/","name":"Western Union Releases 2020 Environmental, Social and Governance (ESG) Report - 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