Corporate Responsibility Report
The Corporate Responsibility Report (CRR) represents the third year that Radian is disclosing relevant metrics to Radian’s businesses. In this Report we identify how ESG practices have influenced our strategies and our commitment to do what’s right. We are committed to supporting ESG and corporate responsibility initiatives and integrating them into our culture and strategic priorities. We believe these commitments support our employees, customers, stockholders, local communities and other stakeholders.
Highlights
Matching Gifts
Our matching gifts program as part of our Corporate Citizenship program increased by 194% for total support of $258K
DEI Council
Our DEI Council was established in 2019. For 2020, we focused on building out a robust DEI program.
Female Workforce
Our workforce is 57% female.
ISS Governance
We received a perfect ISS governance quality score of 1 in 2020 and 2021.
"Radian is proud to continue our journey to grow and deepen our Corporate Responsibility Program. Despite the challenges and the far-reaching impact of the COVID-19 global pandemic, we made some great strides to our focus on Environmental, Social and Governance (ESG) efforts in 2020.”
- Emily Riley, EVP, Chief Marketing and Communications Officer and Co-Leader of the ESG Committee
Community
At Radian, we take pride in giving back to communities where we live and work. Our Corporate Citizenship Program was developed to encourage and support the generosity and community involvement of our employees.
"As part of our Corporate Citizenship Program, in 2019 Radian entered a 4-year commitment to support the MBA Opens Doors Foundation which provides mortgage and rental payment assistance grants to parents and guardians caring for a critically ill or injured child and formed an alliance with the Children’s Hospital of Philadelphia."
- MJ Watkins, Director, Corporate Relations
Employees
At Radian, we recognize that our employees make the difference in our franchise. We invest in our people to provide opportunities for career growth. We treat all employees fairly, and always with dignity and respect for the individual.
"During 2019, Radian officially established its first Inclusion & Diversity (I&D) Council with our CEO as the executive sponsor. Our Inclusion & Diversity Council is an overarching group of leaders from across the organization. Our I&D mantra is: we are many we are One Radian!"
-Dana Keyser, Vice President, HR Business Partner
Environment
Considering the mortgage and real estate industries that we serve; Radian has relatively low exposure to environmental risks. Yet we strive for sustainable practices and support environmentally conscious programs across the company.
"As a responsible corporate citizen, we support environmental conservation. Radian engages in sustainability activities generally accepted across corporate facilities including:
- collection of recyclables
- installation of LED lighting
- purchase of energy-conserving appliances
- use of low water consumption plumbing fixtures"
- Colleen Teears, Senior Vice President, Administration
Investors
We derive our portfolio investment strategy at least partially by the safety and soundness-based investment regulations applicable to our insurance affiliates. We build long-term shareholder value through sustainable growth and profitability, and make decisions and invest the company’s resources from a shareholder’s perspective.
"We work with our investors to communicate Radian’s ESG programs and practices, and with our investment managers to highlight ESG factors that influence long-term performance. We actively monitor the market to ensure that our practices and policies are up to date and in-line with industry practices."
- Terri Perry, Director, Investor Relations
Privacy & Data Security
We recognize that we cannot reach our goals alone, so we will develop intelligent strategic alliances with best-in-class partners. In doing so, that privacy and data security are critical to any partnership, and we ensure that we protect that data entrusted to us by our customers.
“Radian embraces it’s information security responsibilities through a culture of awareness and an advanced suite of controls. We maintain a mature portfolio of security tools and services that are effective, measured, automated, and reduce risk for our business and our customers.”
- Lucas Burke, Vice President, Information Security Compliance and Assurance
Frequently Asked Questions