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Private lender releases new social impact report to measure Sustainable Development Goals
Glendale, Ariz. (May, 2024)— AVANA Companies (AVANA), a comprehensive lending and asset management ecosystem, has released a new report which details how the 22-year-old private lender with over $1.9B in assets is measuring and reporting its social impact metrics. In the report AVANA unveils its Impact Agenda, an outline of how the company is positioned to contribute to 8 out of the 17 United Nations Sustainable Development Goals (UN SDGs), a framework designed to promote racial justice and economic inclusion.
The report also details AVANA’s current social impact milestones and aligns them with the UN SDGs most relevant to the company’s private lending and asset management services.
“Since day-one we made it AVANA’s mission to preserve wealth and generate income for our investors by providing loans with speed and certainty of execution to help entrepreneurs, investors, and communities thrive,” said Sundip Patel, CEO and Founder of AVANA Companies. “Today, we’re taking the necessary steps to use our impact data to make ongoing improvements to our impact evaluation, make informed strategic decisions, and be deliberate about transparency in our corporate governance.”
The report outlines how services and products like AVANA’s lending to underserved industries in hospitality, commercial real estate and renewable energy, and its private credit investment platform EqualSeat, are driving goals around clean energy, sustainability, financial inclusion and equity. AVANA’s company culture, such as its staffs’ volunteerism and DEI activities, contribute to goals around equality, sustainable communities and good health and well-being.
“Our latest analysis of how AVANA is investing in underserved communities is a testament to our commitment to economic empowerment, environmental sustainability, and inclusivity. As we look to the future, AVANA continues to finance diverse renewable energy projects, focus its ESG efforts on programs, partnerships, products, and services that will help address inequity, and make significant progress through our technology journey to democratize private credit investing,” added Patel.
As AVANA continues to reach new milestones, currently, the social impact report highlights: