First Hawaiian Bank's 2022 ESG Report Out

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by KnowESG
KnowESG_FHB
Image courtesy of https://www.asbhawaii.com/

First Hawaiian Bank (FHB) has announced the release of its yearly Environmental, Social and Governance (ESG) Report.

The bank is dedicated to promoting responsible business practices, safeguarding the environment, and engaging in community stewardship. FHB has been publishing its ESG Report annually since 2018 to demonstrate the favourable effects of its value-based governance.

FHB's Chairman, President, and CEO, Bob Harrison, expressed that the bank's dedication to ESG has become a fundamental part of its culture and operations. Harrison further stated that FHB's 2022 ESG Report offers valuable information on the bank's endeavours in this field and the beneficial outcomes they generate in the communities where it operates.

The report showcases FHB's 2022 initiatives and progress in the realms of value-based governance, social responsibility, and environmental stewardship. The report features data dashboards and spotlight stories that provide in-depth insights into the impact of the bank's initiatives.

FHB's efforts are guided by its Pillars of Sustainability, which include: assuming responsibility for reducing its environmental impact, investing in social impact programmes to strengthen communities, enhancing company culture and employee development, practising responsible risk management, and pursuing value-based governance for sustained profitability.

The report highlights several achievements, including:

  • Donations amounting to $4.8 million in 2022, directed towards stable housing solutions, from the bank, foundation, and employees, with a special spotlight on the bank's efforts in this regard.

  • A collaboration between the bank and local companies to retrofit the lighting on all floors of the First Hawaiian Center as part of a sustainability partnership.

  • Diversity, equity, and inclusion initiatives have resulted in a diverse workforce comprising 63% women, as well as outreach to support the LGBTQ+ community both within and outside of the bank.

  • Sustainable design practices that prioritize environmental conservation, featuring native and indigenous plants and mindfully sourced materials around the bank's branches and offices.

Harrison further states in the report, "FHB's corporate governance is guided by our dedication to serving our customers and communities. We remain faithful to our mission and core values, which underlie every decision we make."

The 2022 ESG Report by FHB and the entire archive can be accessed here: https://ir.fhb.com/corporate-responsibility.

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

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Source: FHB

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