Associated Bank's Commitment to Sustainability

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KnowESG_Associated Bank's Commitment to Sustainability
Image courtesy of Associated Bank

Associated Banc-Corp (ASB) has released its 2022 Sustainability Report, which highlights the company's progress on environmental, social, and governance (ESG) initiatives.

In the community, ASB invested approximately $820 million in residential loans to support low- to moderate-income (LMI) and minority homeownership, $649 million in community development loans and investments, and $94 million in loans to small businesses. The company also volunteered nearly 55,500 hours in the community, including financial education seminars and CRA-qualified service hours.

For its employees, ASB advanced leadership, personal, and professional development programmes, increased benefits and internal programming in support of mental health, and advanced inclusive benefits for colleagues and their families.

On diversity, equity, and inclusion, ASB had more than 99% of its colleagues participate in DE&I training.

In terms of environmental sustainability, ASB elevated environmental sustainability as a mainstream corporate initiative and established a management-level Sustainability Committee. The company also established a carbon footprint model focused on real estate space optimisation, operational improvements, and grid greening.

Finally, ASB added a Director of ESG and Sustainability role to the company, became an active participant in ESG Roundtable forums, and joined the Wisconsin Sustainable Business Council.

The report covers the period from January 1, 2022, to December 31, 2022, except where noted. The metrics reported are intended to align with the Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), and the EEO-1 Demographics indices. In addition, the company introduced new sections to its Code of Business Conduct and Ethics and adopted a Responsible Marketing Statement.

Overall, the 2022 Sustainability Report shows that ASB is committed to making a positive impact on the communities it serves, its employees, and the environment. The company is taking steps to address climate change, promote diversity and inclusion, and support its employees' well-being.

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Source: Associated Bank


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