Lincoln Financial Group Highlights 2023 CSR Achievements in New Report

Lincoln Financial Group

RADNOR, PALincoln Financial Group (NYSE: LNC) has released its 2023 Corporate Social Responsibility (CSR) report, titled “The Power of Us,” detailing the company’s efforts to provide financial protection and security for customers while advancing its environmental, social, and governance (ESG) initiatives.

Covering activities from January 1 through December 31, 2023, the CSR report outlines Lincoln Financial’s actions in philanthropy, volunteerism, environmental sustainability, and responsible business practices. The report highlights contributions from employees who played a crucial role in these initiatives.

“In 2023, Lincoln delivered on our purpose with unwavering conviction, through the remarkable work of our employees and our Foundation,” said Ellen Cooper, Chairman, President, and Chief Executive Officer of Lincoln Financial Group. “We know that it’s not just what we do that matters – but also, how we do it. We are in a people-driven business, and there is power in a strong team – at Lincoln, we are harnessing the Power of Us to support the people and communities we serve with excellence.”

Key Highlights from Lincoln Financial’s 2023 CSR Report:

  • Philanthropic Contributions: The Lincoln Financial Foundation supported over 285 nonprofit partners with more than $9 million in charitable donations, benefiting over 1.5 million people.
  • Volunteerism: Employee volunteer hours increased by 40%, with the foundation matching employees’ personal donations to local nonprofits dollar-for-dollar.
  • Employee Development: The company launched myCareer, a learning platform for continuous employee development, introduced new leadership training programs, and expanded Total Rewards benefits for employees.
  • Recognitions: Lincoln Financial received several notable accolades, including being named to Newsweek’s America’s Most Responsible Companies and Most Trustworthy Companies lists, Ethisphere’s World’s Most Ethical Companies, and achieving perfect scores on both the Corporate Equality Index and the Disability Equality Index.
  • Racial Justice and Equity: The firm met its 8 Actions to support racial justice and equity.
  • Environmental Commitment: Focused on reducing greenhouse gas emissions, Lincoln achieved a 31% reduction in Scope 1 and 2 emissions from a 2019 baseline.
  • Responsible Investments: The company advanced its ESG vision by investing $3.9 billion in responsible investments that promote social benefits and environmental sustainability.
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Allison Green Johnson, Chief Diversity Officer and President of the Lincoln Financial Foundation, emphasized the importance of employee engagement in these efforts. “Our CSR efforts begin with One Team Lincoln—ensuring our employees feel valued and know their voices are heard, which amplifies career success and how they show up and deliver for our customers and communities,” she said. Johnson highlighted the focus on financial wellness, education, and human services as key areas of investment.

Lincoln Financial Group’s 2023 CSR report reflects the company’s commitment to creating positive impacts on society and the environment through strategic and responsible initiatives. The firm continues to build on its legacy by supporting communities, fostering an inclusive workplace, and making responsible investments.

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