Piper Sandler Releases Inaugural ESG Report

Piper Sandler Companies (NYSE: PIPR), a leading investment bank, announced today that it has released its first environmental, social and governance (“ESG”) report. The ESG report details the firm’s committed efforts on behalf of its employees, clients, communities and shareholders.

“Our ESG initiatives align with our core values as a firm, and better prepare us to meet the unique challenges of today,” said Chad Abraham, Chairman and CEO. “In addition, we believe that our concerted effort to improve across our ESG priorities will allow us to help our clients navigate these same challenges."

Among the many priority areas that the ESG report addresses, key developments from 2021 and 2022 include:

Diversity, Equity and Inclusion (“DEI”) and Supporting Career Advancement for Piper Sandler Employees: Piper Sandler is committed to hiring, developing and retaining a diverse group of people in a high-quality, inclusive environment, and to helping every employee see clear opportunities to advance their career within the firm. In 2021 and 2022, Piper Sandler’s efforts included:

• Strengthening the diversity of its board of directors.
• Hiring its first director of diversity, equity and inclusion to help advance strategy and programming across the firm.
• Developing actionable and specific inclusive leadership goals for all people managers as part of their year-end performance evaluations.
• Establishing specific diversity representation goals across the firm.
• Creating and supporting enhanced mentorship opportunities for its employees, including one-on-one mentoring, reverse mentoring and business line mentoring programs.
• Promoting 23 employees to managing director in 2021.

Giving Back to Piper Sandler’s Communities: Piper Sandler has a long tradition of prioritizing philanthropy, community involvement and volunteerism. In 2021, the firm and its employees gave $6.3 million to charitable organizations and non-profits, with the Piper Sandler Foundation focused on increasing educational opportunities for BIPOC communities, and stabilizing the circumstances for disadvantaged youth by helping students and their families meet basic needs.