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Bank releases corporate social responsibility report
A bank with a large West Michigan presence has published a progress report on its corporate performance in three main areas.
Columbus, Ohio-based Huntington released last month its 2017 “Environmental, Social and Governance Report.”
The report details the bank’s work in several parts of its business: environmental impact; socially responsible efforts with colleagues, customers and communities; and governance standards during the past year.
“At Huntington, we are purpose-driven to make people’s lives better, help businesses thrive and strengthen the communities we serve,” said Steve Steinour, chairman, president and CEO, Huntington.
“We are proud of our colleagues’ ongoing efforts to build healthy, sustainable neighborhoods with economic opportunity for all.”
Investing in employees
In 2017, Huntington made investments in colleagues, including raising the minimum starting salary to $15-$17.60 per hour, increasing 401(k) plan matching contributions and implementing a new caregiver leave program. Huntington also revised and expanded its maternity leave policy, expanded its scholarship program and increased military benefits and support throughout a deployment cycle.
Commitment to inclusion
Huntington increased diversity in upper management from 40.8 percent in 2016 to 42 percent in 2017, with 67.5 percent diversity across the total workforce. In 2017, Huntington increased its supplier diversity spend to 16.9 percent, exceeding the 11-percent industry average. Huntington further committed to inclusion by ensuring gender-neutral bathrooms in all major employment centers. In 2017, Huntington received the Leading Disability Employer Seal, earned a score of 100 percent on the 2017 "Disability Equality Index" and was recognized by the Human Rights Campaign Foundation as one of the “Best Places to Work for LGBTQ Equality.”
In 2017, Huntington exceeded year-one expectations toward its $16.1-billion, five-year community plan. Huntington invested in communities with $863 million in community development loans, $326 million in community investments and more than 4,600 affordable housing units. Huntington also remained the No. 1 SBA lender in its eight-state footprint since 2009, with 4,065 loans in 2017. Through the Huntington Home Savers Program, 2,145 customers received mortgage assistance in the past year, and more than 25,000 customers have averted foreclosure and stayed in their homes since the program began in 2008. Huntington began a new program in 2017, which waived closing costs in VA loans.
Deepening sustainable practices
Huntington converted all interior and exterior signage across all markets to energy-efficient lighting and generated 587,100 kilowatt hours of wind and solar electricity. Huntington increased Energy Star scores by 5 percent, surpassing its goal of a 4-percent annual increase for five years. Huntington recycled 1,392,305 pounds of paper and 1,713 electronics. The bank also opened the Huntington Gateway Center, a 210,000-square-foot sustainability facility featuring Ohio’s first Spotlight solar trees, daylight-harvesting technology and electric vehicle charging stations. In 2017, Huntington put forward a five-year commitment to further reduce its carbon footprint, enhance its sustainability supply chain and increase colleague involvement by 2022.
Huntington Bancshares is a bank holding company headquartered in Columbus, Ohio, with $104 billion in assets and a network of 966 branches and 1,848 ATMs across eight Midwest states.
Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust and insurance services.
Huntington also provides auto dealer, equipment finance, national settlement and capital market services that extend beyond its core states.