Flywire Releases Inaugural Environmental, Social and Governance (ESG) Report

-Flywire’s 2022 ESG report provides baseline ESG metrics and details the company’s ongoing commitments to environmental, social, and governance initiatives

-Flywire continues to enhance its ESG strategy to enrich its surrounding communities, and deliver value to clients, payers, employees and other stakeholders

Flywire, a global payments enablement and software company, released its inaugural Environmental, Social & Governance (ESG) report, the company’s first comprehensive summary about how it integrates social good initiatives into its business strategy. The report provides baseline metrics as well as a detailed overview of the core tenets of Flywire’s ESG program, which are shaped by many defining principles – from social impact and community engagement, to diversity, equity and inclusion (DE&I), and much more.

“Flywire’s commitment to ESG has always been a core tenet of our business strategy,” said Mike Massaro, Flywire CEO. “From leveraging software to bridge the access and affordability gap in education and healthcare, to fostering a diverse, equitable and inclusive workforce that spans 14 global offices and more than 40 nationalities, we continue to commit to the ideal that being a force for good can be inextricably linked to generating growth and short-and long-term value.”

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Flywire’s inaugural ESG report details the company’s investments across the following ESG disciplines, including:

• Affordability and accessibility – Flywire’s payments technology and software enables payers to set up payment plans, helping to make high-value transactions like medical bills and education expenses more accessible and affordable.
• Diversity, equity and inclusion – Flywire employees represent 40 nationalities and more than 35 spoken languages. Our Employee Resource Groups, including Flywire Pride, FlyBlack, Women of Flywire and Flywire Globals, are devoted to promoting our DE&I mission.
• Career development and training – So far in 2022, FlyMates have spent more than 2,900 hours on company-sponsors career development and training programs. These initiatives are available to all FlyMates, including part-time and contract employees.
• Social impact and community engagement – A cornerstone of Flywire’s social impact and community engagement efforts is the The Flywire Charitable Foundation, which has tripled in size since its inception in 2020.
• Data privacy, security and compliance: Flywire’s dedicated compliance and risk management function, overseen by our Compliance Officer and Chief Information Security Officer with Board-level oversight, has been built over more than a decade, providing payers and clients confidence in our solutions.
• Governance and ethics: Flywire is committed to ethical and compliant business practices and good corporate governance for the long-term success of our company and stakeholders.
• Environmental sustainability: Flywire conducted our first greenhouse gas audit, with a vision to reduce our carbon-intensive activities and improve overall energy efficiencies.

Massaro continued: “I’m very proud to share our first ESG report, which outlines the ways we are working to better serve the communities around us, while also improving the value we provide to our FlyMates, clients, payers and partners. With a strong foundation, we look forward to evolving our ESG strategy, and deepening our commitment to the people and the places around us.”

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In the past year, Flywire has reinforced its commitment to ESG by:

• Codifying ESG as a strategic priority and establishing new management and oversight of ESG priorities. The Nominating and Governance Committee of Flywire’s Board of Directors is responsible for the oversight of ESG, supported by Co-Executive Sponsors and a Cross-functional task force of employees that comprise the ESG disclosure committee.
• Establishing a Center of Expertise for Diversity, Equity & Inclusion (DE&I) to better serve our diverse, global community of FlyMates where they live and work, and to deliver inclusive and compelling experiences that engage and care for FlyMates.
• Enhancing our career development and skills training policies by offering new programs focused on enriching FlyMates’ careers and growing them both personally and professionally.
• Maximizing our social impact initiatives both through the third annual scholarship program administered by The Flywire Charitable Foundation, and through purposeful philanthropy to non-profit organizations around the world.