WAYNE, Pa., October 26, 2022–(BUSINESS WIRE)–Radian Group Inc. today announced (NYSE: RDN) has been named a Champion of Board Diversity for the second year in a row by the Forum of Executive Women, a leading organization dedicated to the advancement of women in the Greater Philadelphia business community. The organization’s annual Champions of Board Diversity list recognizes major companies in the Philadelphia area that have 30 percent or more female representation on their boards of directors.
“Diversity in the boardroom, and at all levels of the organization, encourages engagement and challenges conventions, which we believe are essential to our success,” said Chief Executive Officer Rick Thornberry. “Our board reflects our team whose diverse talents and perspectives come together to deliver innovative solutions and meaningful results for our customers, our employees and our company. As one of only 35 public companies in Greater Philadelphia Region to have at least 30 percent women on our Board, we are honored to once again receive this significant recognition as it is a testament to our progress in fostering diversity at all levels.”
Recent Diversity, Equity and Inclusion Highlights at Radian
Radian’s strategic goals and initiatives related to Diversity, Equity and Inclusion (DEI) are driven by its formal DEI program and Executive Inclusion Council (EIC).
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Gender equality is a key part of the company’s overall DEI strategy. Radian has been included for five consecutive years in the Bloomberg Gender-Equality Index (GEI)which highlights companies committed to advancing women’s equality in the workplace.
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CEO Rick Thornberry signed the “CEO Action for Diversity and Inclusion” pledge to create a more diverse, inclusive and fair workforce, signed by more than 2,000 business leaders across industries and is the largest business commitment ever driven by a CEO to advance diversity and inclusion in workplace By signing the pledge, Radian is committed to cultivating a trusting environment where all ideas and employees are welcome.
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Starting in 2021, inspired by the annual “CEO Action”Day of Understanding“Radian holds an annual “Understanding Week” that brings employees together to have open and meaningful conversations designed to explore blind spots and unconscious biases, and foster a more inclusive place of work.
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Radian started a diversity-focused recruiting capability, improved internal diversity reporting capabilities, trained all managers on unconscious bias, and is conducting an initiative to train all employees on unconscious bias.
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Radian has established Employee Resource Groups (ERG) to support the company’s goal of ensuring an inclusive and diverse culture. ERGs seek to foster awareness, respect, and inclusion in the Radian workplace through the work they do. Each ERG is led by employees with common interests and similar backgrounds, who come together to serve a common purpose. Currently, Radian has four active ERGs.
About Radian’s Corporate Responsibility Program
Radian’s DEI efforts are part of its broader Corporate Responsibility Program, which focuses on supporting the company’s commitment to the environment, health and safety, corporate social responsibility, corporate governance, sustainability, and other public policy matters that relating to the company and its operations. This program aligns with Radian’s company-wide commitments to continue to be responsible corporate citizens with a positive impact on the community and the people it serves.
A report and website provide additional information about the company’s Corporate Responsibility programs and practices, including how its Environmental, Social and Governance (ESG) efforts help achieve the United Nations Sustainable Development Goals (UN SDGs) and align with standard of the Sustainability Accounting Standards Board (SASB) for the insurance Sector.
About Radian
Radian Group Inc. ensures (NYSE: RDN) the American dream of responsible and sustainable homeownership through products and services that include industry-leading mortgage insurance and a comprehensive range of mortgage, risk, title, valuation, management of assets and other real estate services. We are technology-powered, data-informed and driven to deliver new and better ways to transact and manage risk. Visit radian.com and homegenius.com to learn more about how Radian and its pioneering homegenius platform are building a smarter future for mortgage and real estate services.
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Contacts
For investors:
John Damian – Phone: 215.231.1383
email: [email protected]
For the Media:
Rashi Iyer – Phone 215.231.1167
email: [email protected]