Western Union Releases Inaugural Environmental, Social and Governance Report
June 18 2019 - 10:00AM
Business Wire
Report Highlights Company’s Commitment to
Moving Money with Integrity and Connecting People to the Global
Economy
Western Union (NYSE: WU), a global leader in cross-border,
cross-currency money movement, today released its inaugural
Environmental, Social and Governance (ESG) Report, which details
the Company’s achievements for fiscal year 2018 toward its
commitment to moving money with integrity and connecting people to
the global economy. Creating value for its customers, employees,
agents, shareholders and the broader communities in which it
operates are top priorities for the Company as it seeks to help
build a better global future.
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Connecting people to the global economy
(Photo: Business Wire)
“Western Union’s purpose is to build bridges that connect
individuals, nations and economies, and in doing so, create new
opportunities for stakeholders across the world. We believe we can
be more successful when we operate according to the highest ethical
standards, address unmet social needs and promote the well-being of
our people, their communities and the environment,” said Hikmet
Ersek, President and CEO, Western Union. “This comprehensive
account of what we are doing, as a global leader in connecting
people and businesses through money movement, makes me proud of the
hard work our employees do every day to further this mission.”
The report highlights several areas where the Company is making
a global impact:
Connecting people to the global economy: The combination
of our retail and digital businesses enables Western Union to be
the bridge between offline and online money movement, creating a
truly inclusive platform that leaves no one behind. In addition, we
stand in support of migrants, refugees and other displaced people,
who are important parts of our customer base, our workforce and our
communities.
- 25%+ of our customers have sent money
for education, based on customer surveys
- 1,800+ NGOs have used Western Union’s
NGO GlobalPay to send nearly $6.5 billion, since 2012
Moving money with integrity: We work closely with
authorities to help thwart and prosecute fraud, human trafficking,
money laundering, drug trafficking, illegal wildlife trade and
other criminal activity.
- Participated in more than 1,400
investigations to combat human trafficking since 2013, resulting in
hundreds of arrests and the rescue of hundreds of victims
- Invested almost $1 billion into
compliance efforts over the past five years
Supporting education and humanitarian relief: In 2018,
the Western Union Foundation — sustained by Western Union, its
employees, agents and its business partners — helped underserved
populations connect to the global economy through the power of
education and humanitarian relief efforts. The Western Union
Foundation has given nearly $120 million to fund projects to
advance education and support humanitarian relief in 137 countries
since 2001.
- In 2018, the Western Union Foundation,
together with Western Union, was at the forefront of 13 major
natural disaster relief efforts, including hurricanes in the United
States and flooding in Kerala, India
- In 2018, 84% of our employees
contributed financially to the Western Union Foundation, well above
the median rate of employee giving, which is 31%
Fostering a culture of ethics and inclusion: We are
continually striving to improve diversity and inclusion at Western
Union, and these two fundamental principles provide the foundation
for our corporate values: globally minded, purpose-driven,
trustworthy and respectful. The executive team alone is comprised
of leaders born in eight different countries.
- About half our global workforce is
women, and 34% of our director-level-and-above positions are held
by women and we continue to raise this number
- In 2018, our 11-member board included
three ethnically diverse directors and three women
- 50% of our Board’s committees are
chaired by women
The Western Union 2018 ESG Report is available at:
http://ir.westernunion.com. It is prepared in accordance with the
Global Reporting Initiative (GRI) standards.
USEFUL LINKS:Western Union:
https://corporate.westernunion.com/index.htmlTwitter:
https://twitter.com/westernunionLinkedIn:
www.linkedin.com/company/western-union/YouTube:
www.youtube.com/westernunionBlog: www.westernunion.com/blog
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement. Our omnichannel
platform connects the digital and physical worlds and makes it
possible for consumers and businesses to send and receive money and
make payments with speed, ease, and reliability. As of March 31,
2019, our network included over 550,000 retail agent locations
offering Western Union, Vigo or Orlandi Valuta branded services in
more than 200 countries and territories, with the capability to
send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2018, is available in approximately
70 countries, plus additional territories, to move money around the
world. With our global reach, Western Union moves money for better,
connecting family, friends and businesses to enable financial
inclusion and support economic growth. For more information, visit
www.westernunion.com.
WU-G
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Media Relations:Alicia V. Nieva-Woodgate+1 (720) 332-
7774Alicia.NievaWoodgate@wu.comInvestor Relations:Amy Kuark+1 (720)
332-2343Amy.Kuark@westernunion.com
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