Managing our business responsibly is core to delivering sustainable financial performance as well as value to our stockholders, clients, associates and communities.
Corporate governance
We have a solid track record of sound corporate governance, with rigorously stress-tested processes, controls and comprehensive policies. Corporate governance at Bread Financial is designed to promote the diverse priorities and interests of all our stakeholders, strengthen Board and management accountability and foster responsible decision-making.
Our Board of Directors oversees and supports the implementation of responsible, stakeholder-centric practices consistent with the evolving governance environment, stakeholder expectations and the commitments we have made to them. Recognizing the importance of embedding environmental and social priorities within our business operations, in 2021, our executive leadership team and Board approved an enhanced and modernized ESG strategy intended to drive progress on initiatives that promote sustainability, diversity, equity and inclusion (DE&I), and increased transparency in our disclosures.
Ethics & Integrity
Integrity, ethical decision-making and compliance with all applicable laws and regulations governing our business drive our global growth and long-term success. We know that the way to secure stakeholders' trust and foster long-term success is through our business conduct — by what we do, not just what we say.
Our comprehensive Code of Ethics outlines the values and principles we agree to embody, maintain and protect, and provides guidance to help us consistently make sound decisions and perform our duties ethically and responsibly. Every decision we make — and each of our daily actions — reflects our values, beliefs and behaviors. Individually and collectively, we are focused on driving business performance and protecting our reputation as a responsible and compliance-centric organization.
We also maintain supplementary codes of ethics for our Board of Directors and senior financial officers, which address additional standards and guidance applicable to their roles.
Risk management
Our approach to Enterprise Risk Management identifies and manages risks related to the achievement of strategic, financial, compliance and operational objectives.
Our key risks and mitigation strategies are documented, monitored and reviewed quarterly. The Company’s Board of Directors reviews management’s assessment of enterprise risk as well as risk mitigation strategies twice a year. The Board may request additional review should they deem it appropriate or necessary. These risks are also reviewed alongside our sustainability strategy and priorities to ensure alignment of key issues across functions company-wide.