Sustainability at Piper Sandler

At Piper Sandler, all employees share the responsibility to conduct ourselves with integrity and place our clients' interests first by making decisions that follow our Guiding Principles. The firm’s Code of Ethics & Business Conduct outlines policies and practices related to the appropriate behaviors, internal compliance programs, whistleblower reporting, and other relevant information. All officers, employees, consultants, and contractors providing services to Piper Sandler and our subsidiaries are required to comply with this code of ethics. Annual training and certification is required by all employees. Specific policies are broken out in more detail for employees to enforce professional integrity standards, including:

• Anti-Bribery Policy
• Anti-Money Laundering Policy
• Compliance and Regulatory Manuals
• Electronic Communications Policy
• Employee Trading Policy
• Gift and Entertainment Policy
• Information Barriers Policy
• Information Security Policy
• Social Media Guidelines
• Vendor Management Policy

Piper Sandler also has established policies and practices that support strong corporate governance and transparency in financial reporting including:

• Complaint Procedures Regarding Accounting and Auditing Matters
• Code of Ethics for Directors
• Director Independence Standards

Piper Sandler is committed to attracting, retaining, and developing a diverse group of the best people in a high-quality, inclusive environment. Our policies and programs related to this commitment include:

• The Diversity, Equity & Inclusion Program focuses on Piper Sandler as a human capital organization where groupthink can be a threat to our business and how we can enhance diversity and inclusion efforts as a vital part of our business strategy. Firm efforts include:
  • Diversity, Equity & Inclusion Council
  • Employee resource networks
  • Learning & development resources
  • Partnerships and sponsorships
  • Recruiting top talent
• Identification and tracking of relevant metrics related to representation for (1) executive management, (2) non-executive management, (3) professionals, and (4) all other employees

Employee compensation structure includes a mix of base pay, short-term incentive pay, and long-term incentive pay. Executive Compensation program may be found in more detail in the proxy statement. Piper Sandler relies upon its reputation as a trusted partner to all of its stakeholders. That reputation requires that employees act with integrity at all times, especially with regard to the reliability and accuracy of the Company’s financial reporting. Piper Sandler maintains an Incentive Compensation Recovery Policy which outlines that if a covered officer has received incentive compensation that was erroneously paid, granted or vested based on financial statements that are materially noncompliant with financial reporting requirements, or has committed some act of common law fraud, theft, misappropriation, embezzlement, or dishonesty to the material detriment of the firm’s financial results, that incentive compensation is to be cancelled or recovered.

Each year, our management prepares a company-wide inventory and review of our compensation policies and practices for both executive officers and for employees generally, including employees that can have a material impact on our firm’s risk profile, which analyzes the compensation policies and practices which places variable compensation at risk for such employees.

Piper Sandler has incorporated Environmental, Social, and Governance (ESG) factors into our business. Current business activities taking place with sustainability focus include:

• Public finance aligns the ESG characteristics of your offering with the measurements of sustainability important to investors.
• Our energy investment banking and research industry coverage has expanded to the renewable energy sector. This sector consists of helping companies who are in the generation and production of renewable energy, including recent coverage of the solar sector, as well as equipment and component manufacturers.
• We provide equity research insights to help investors evaluate ESG-related performance and allow them to make the most informed investment decisions.

• 2024
• 2023
• 2022