WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) has been honored by the Mortgage Bankers Association (MBA) as a recipient of its 2023 Diversity and Inclusion Residential Leadership Award. Radian received the award for Organizational Diversity & Inclusion in the non-lender category. The MBA is the leading real estate finance trade association and has more than 2,200 member companies.
The award was announced during the MBA’s 2023 Annual Convention & Expo, which is being held in Philadelphia from October 15 – 18, 2023. This is the third time Radian has been recognized since the MBA began the annual awards in 2016. In 2020, Radian was awarded the Organizational Diversity & Inclusion Residential Leadership Award and in 2016 received an honorable mention in the Market Outreach Strategies category.
In a press release, the MBA said, “Radian is being recognized for its expansion of internal DEI initiatives. One of the initiatives included Allyship Academy, which allows Radian to feature an assortment of DEI learnings for employees into a cohesive program and lets them build upon their learnings by taking different DEI courses, allowing them to move to the next level of allyship and advocacy.”
“At Radian, we are deeply committed to doing the important and ongoing work necessary to advance diversity, equity and inclusion throughout our company, industry and beyond,” said Radian’s Chief Executive Officer Rick Thornberry. “We are proud of the achievements this award recognizes and will continue working hard to support affordable homeownership and ensure that our workforce fully reflects the wonderful diversity of the communities we serve.”
Recent Diversity, Equity & Inclusion Highlights at Radian
Radian’s latest Diversity, Equity and Inclusion Annual Report, provides an in-depth review of the organization’s DEI strategy, practices and reporting metrics as of the end of 2022, as well as its plan to build upon progress in the years to come.
The company’s DEI Annual Report serves as a mission statement and roadmap for how the company is working to advance diversity, equity and inclusion throughout Radian. The report was spearheaded by Radian’s Executive Inclusion Council, which is sponsored by CEO Rick Thornberry and is comprised of senior leaders from across the enterprise—a composition designed to ensure that its efforts are championed at the highest levels of leadership.
Radian’s DEI efforts have received recognition from a variety of esteemed third-party organizations, including by The Forum of Executive Women as a Champion of Board Diversity, 50/50 Women on Boards for the gender balance of its Board of Directors and inclusion in Bloomberg’s Gender Equality Index. The company also increased its Human Rights Campaign’s Corporate Equality Index score for the fourth consecutive year.
In addition, Radian has signed the Mortgage Bankers Association’s Home for All Pledge to promote inclusion in housing and the CEO Action for Diversity and Inclusion pledge, committing to cultivate an environment where all ideas and employees are welcomed.
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 environmental, health and safety, corporate social responsibility, corporate governance, sustainability and other public policy matters relevant 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 in the communities and with the people it serves.
A Corporate Responsibility Report and website contain disclosure of Environmental, Social and Governance (ESG) information relevant to Radian’s businesses, as well as metrics included in the International Financial Reporting Standard’s (IFRS) Sustainability Accounting Standards Board (SASB) standards for the Insurance industry. Radian’s Corporate Responsibility Report also identifies how our ESG practices help contribute to the United Nations Sustainable Development Goals (UN SDGs). The company has also aligned its ESG disclosure and initiatives to the Task Force on Climate-Related Financial Disclosure (TCFD) framework for climate strategy, oversight and risk management.
Radian Group Inc. (NYSE: RDN) is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, title, valuation, asset management and other real estate services. We are powered by technology, informed by data 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.