Environmental sustainability

We embrace a balanced approach that is centered on learning and partnering with our stakeholders as we address climate change and the needs of our communities, customers, employees and shareholders. This approach is one of the reasons why we were named a World’s Most Ethical Company by the Ethisphere Institute for the eighth year in a row.^{1, 2}

We’re continuously working on reducing our impact on the environment. We do this by decreasing our use of natural resources, implementing environmentally responsible business practices, developing products and services that help our customers reduce their carbon footprint, investing in new products, services and partnerships like renewable energy and increasing our due diligence around lending in high impact industries. Our approach isn’t just better for the environment, it’s also a smarter way of doing business.

We are dedicated to operating in a more sustainable manner. Under a 2014 baseline, we set a goal to reduce our operational greenhouse gas (GHG) emissions by 40% by 2029 and 60% by 2044.

Within our own operations, we reduced GHG emissions by over 40% as of the end of 2019 and achieved our goal of 60% emissions reduction in 2021. We’re proud to have reached both of these targets well before our goal.