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MINNEAPOLIS--(BUSINESS WIRE)--Nov. 15, 2022-- (NYSE: PIPR), a leading investment bank, announced today that it has released its first . The ESG report details the firm’s committed efforts on behalf of its employees, clients, communities and shareholders.

“Our ESG initiatives align with our core values as a firm, and better prepare us to meet the unique challenges of today,” said Chad Abraham, Chairman and CEO. “In addition, we believe that our concerted effort to improve across our ESG priorities will allow us to help our clients navigate these same challenges."

Among the many priority areas that the ESG report addresses, key developments from 2021 and 2022 include:

Diversity, Equity and Inclusion (“DEI”) and Supporting Career Advancement for �鶹��ý Employees: �鶹��ý is committed to hiring, developing and retaining a diverse group of people in a high-quality, inclusive environment, and to helping every employee see clear opportunities to advance their career within the firm. In 2021 and 2022, �鶹��ý’s efforts included:

• Strengthening the diversity of its board of directors.
• Hiring its first director of diversity, equity and inclusion to help advance strategy and programming across the firm.
• Developing actionable and specific inclusive leadership goals for all people managers as part of their year-end performance evaluations.
• Establishing specific diversity representation goals across the firm.
• Creating and supporting enhanced mentorship opportunities for its employees, including one-on-one mentoring, reverse mentoring and business line mentoring programs.
• Promoting 23 employees to managing director in 2021.

Giving Back to �鶹��ý’s Communities: �鶹��ý has a long tradition of prioritizing philanthropy, community involvement and volunteerism. In 2021, the firm and its employees gave $6.3 million to charitable organizations and non-profits, with the �鶹��ý Foundation focused on increasing educational opportunities for BIPOC communities, and stabilizing the circumstances for disadvantaged youth by helping students and their families meet basic needs.

Helping �鶹��ý Clients Drive Innovations in Sustainability and Navigate ESG: �鶹��ý believes that assessing ESG risks and opportunities for its clients will become an increasingly important part of its role as advisors. In 2021 and 2022, the firm’s efforts included the following:

• The renewables and clean energy investment banking team closed 10 transactions in 2021 involving multiple clean energy sub-sectors, including solar equipment and services, renewable fuels and fuel cells.
• The firm hosted the second annual Energy Transition Leaders Summit in 2022, bringing together industry thought leaders to discuss a variety of current topics relating to the clean energy transition, including solar panel manufacturing, green hydrogen, carbon capture, battery technology and renewable natural gas.
• The public finance business served as a lead underwriter or financial adviser on 24 transactions that received a green, social or sustainability designation, and served as advisor or underwriter to clients in affordable housing, mass transit and project finance involving sustainability.

Becoming Better Stewards of the Natural Environment: �鶹��ý is committed to better understanding how to make operations more sustainable as the firm continues to monitor evolving regulation, policy development and market trends. In 2021, the firm completed an inaugural environmental inventory, examining water usage, energy usage and waste generation across the firm’s global operations. The firm also evaluated employee commuting and business travel and completed an assessment of the greenhouse gas emissions associated with direct business activities and value chain.

About �鶹��ý

�鶹��ý is a leading investment bank driven to help clients Realize the Power of Partnership®. Through a distinct combination of candid counsel, focused expertise and empowered employees, we deliver insight and impact to each and every relationship. Our proven advisory teams combine deep product and sector expertise with ready access to global capital. Founded in 1895, the firm is headquartered in Minneapolis with offices across the United States and in London, Aberdeen and Hong Kong. .

Cautionary Note Regarding Forward-Looking Information

This announcement contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements cover, among other things, the future prospects and growth of �鶹��ý. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated, including �鶹��ý’s ESG commitments, plans, policies, procedures and initiatives, as well as other factors identified under “Risk Factors” in Part I, Item 1A of �鶹��ý’s Annual Report on Form 10-K for the year ended December 31, 2021, and updated in its subsequent reports filed with the SEC. These reports are available at or . Forward-looking statements speak only as of the date they are made, and �鶹��ý undertakes no obligation to update them in light of new information or future events.

�鶹��ý (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through �鶹��ý & Co., member SIPC and NYSE; in Europe through �鶹��ý Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through �鶹��ý Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.

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©2022. Since 1895. �鶹��ý. 800 Nicollet Mall, Minneapolis, Minnesota 55402-7036

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Pamela Steensland
Tel: 612 303-8185
pamela.steensland@psc.com

Tim Carter
Chief Financial Officer
Tel: 612 303-5607
timothy.carter@psc.com

Source: �鶹��ý