First BanCorp Announces the Release of Its 2023 Corporate Sustainability Report

First BanCorp Announces the Release of Its 2023 Corporate Sustainability Report

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- First BanCorp (the "Corporation") (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced the release of its third annual Corporate Sustainability Report, highlighting the Corporation's commitment to environmental stewardship, social responsibility, and ethical governance. This 2023 Corporate Sustainability Report details significant achievements, including the expansion of the Corporation's recycling program, the adoption of a Human Rights Statement, the expansion of initiatives related to diversity, equity and inclusion (DEI), and the launch of the Corporation's multisectoral coastal erosion mitigation program known as "Rescate Costero."

"Since our inception, we have always recognized the importance of conducting business in a manner that not only delivers value to our shareholders, but also contributes positively to society and the environment," said Aurelio Alemán, President and Chief Executive Officer of First BanCorp. "By staying true to our mission, vision, and values, we will continue to drive long-term value for the Corporation and contribute to a more sustainable and equitable society for future generations," Alemán added.

The Corporation's 2023 Corporate Sustainability Report aligns with and references relevant sector standards from the Sustainability Accounting Standards Board (SASB), the United Nations Sustainable Development Goals (UNSDG), and the Task Force on Climate-Related Financial Disclosures (TCFD).

View the full report here.

About First BanCorp

First BanCorp is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a small loans company. First BanCorp's shares of common stock trade on the New York Stock Exchange under the symbol "FBP."