MANASQUAN BANK ANNOUNCES THE RELEASE OF ITS INAUGURAL ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) FRAMEWORK
WALL TOWNSHIP, NJ (July 25, 2022) – Manasquan Bank, one of the largest mutual banks in New Jersey, today released its inaugural Environmental, Social and Governance (ESG) annual framework. The comprehensive document highlights Manasquan Bank’s ongoing efforts that demonstrate their commitment to ethical practices. Their objectives are achieved through cultivating a values driven culture of belonging, reflective of the communities served, and prioritizing sustainable operations that increase its positive impact on clients, colleagues, the environment and their community.
The framework covered the period ended December 31, 2021 and highlights the way in which Manasquan Bank is working to create sustainable and equitable future internally as well as for its growing client base.
“As a community banking leader, ESG is, and will remain, an essential part of our overall strategy and we’re proud to share our inaugural framework”, said chair, president and CEO, James S. Vaccaro. “Since our founding, Manasquan Bank has been focused on areas in which we believe we can make a positive impact and deliver the best-in-class service experience. Our mission, values, and social purpose, as an organization, have been intentionally woven together, ensuring ESG has always, and will continue to be at the core of our enterprise.”
The framework details Manasquan Bank’s collective vision beyond financial achievement, across three major areas, including:
- Fostering a productive, inclusive, and inspiring working environment where all employees feel they are valued, have the ability to make a meaningful positive impact and are appropriately recognized and belong.
- Upholding ethical business practices and ensuring the Manasquan Bank experience remains safe and secure for every client and assist those clients in mitigating their carbon footprint by providing innovative digital banking solutions.
- Providing support to a wide variety of community non-profit organizations with involvement efforts that go beyond just banking. Whether the bank is providing assistance for not-for-profit fundraisers, cleaning up beaches, or offering time serving on non-profit Boards, Manasquan Bank is committed to assist in building and responsibly growing thriving communities.
To read the entire framework, please click here to view it.
