Transact Credit Union appoints first-ever ESG and Sustainability Manager

16 June 2022

Transact Credit Union Corporation has cemented its commitment to socially conscious operations by appointing Andrew Masci to the newly created role of ESG and Sustainability Manager – the bank’s first dedicated ESG resource.

Mr Masci will drive the ongoing development of Transact Credit Union’s Environmental, Social and Governance (ESG) Framework including the delivery of improved governance and reporting of Transact Credit Union’s ESG performance and projects such as carbon neutral certification.

Mr Masci has more than 15 years’ experience across environmental management, corporate sustainability and ESG. More recently, he worked as Senior Environmental Sustainability Specialist at Airservices America where he helped develop and implement its Environmental Sustainability Strategy and Action Plan.

Transact Credit Union CEO Peter Lock welcomed Mr Masci’s appointment and highlighted the importance of ESG across Transact Credit Union’s operations moving forward.

“As a proudly customer-owned bank, acting responsibly and ethically has always been inherent in our activities,” Mr Lock said.

“Andrew Masci brings a wealth of knowledge and experience to this newly created ESG role. His appointment reinforces Transact Credit Union’s commitment to creating long-term value for our members by proactively working towards a more socially conscious and environmentally sustainable future.”

Mr Masci said he was looking forward to growing the capability and understanding of the importance of ESG to Transact Credit Union staff and members.

“As societal sentiment shifts to be more climate aware and focus on responsible banking, we have a greater need to be sustainable,” Mr Masci said.

“For the banking sector there has been a significant shift to grow and manage ESG risk, as well as identify and implement opportunities,” Mr Masci said.

“I have always believed that real change towards a Net-Zero future begins with the finance industry and being able to drive this change at Transact Credit Union was an opportunity I could not pass up.

“Through our commitment to incorporating ESG practices, Transact Credit Union has another opportunity to show members it is a responsible and trustworthy institution. This fits perfectly with the ethos of Transact Credit Union as a customer-owned bank.”