Report highlights significant progress in giving to communities and building for tomorrow
GREEN BAY in Wis., March 11, 2022Associated Banc-Corp, NYSE: ASB (Associated Bank), has published its 2021 Environmental, Social and Governance Report (ESG). This report highlights the company’s progress in ESG priorities. It features programs designed to improve economic health of its markets, promote diversity and equity, preserve the environment, and deliver a safe and productive workplace and culture. The report also contains information on the Company’s ESG approach as well as governance practices.
“Associated Bank’s ESG efforts have been foundational to everything that we do,” he said. Andy HarmeningAssociated Bank president and chief executive officers. “We are clear about our priorities and seek to deliver increasing, longer-term value to all stakeholders: customers we serve, colleagues, communities where we live and works, and shareholders who put their trust in us.”
Associated Bank has updated its ESG reporting to be in line with the Sustainability Accounting Standards Board and Task Force on Climate-related financial disclosures (TCFD) over the past year. The report contains disclosures that align with the TCFD and SASB indices, as well as the EEO-1 Demographics Index. The Company also created new corporate position statements regarding human rights, environmental and socio lending, and management of environmental risk. This aligns with Associated Bank’s commitment of setting strategic, achievable ESG objectives that guide the Company’s work and improve performance.
“While environmental and social governance programming isn’t new for Associated Bank we are now focusing on providing a more comprehensive view of all our efforts.” Randy EricksonAssociated’s general counsel and chair of the ESG committee. “We are proud and grateful for the opportunity to share this comprehensive view on our progress.”
The report covers the period starting at January 1, 2021Through December 31, 2021Except where otherwise noted, The following are some highlights from the past year, out of the many areas covered by this report:
Economic Impact
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Approximately $1.2 BillionResidential loans to support low to moderate income (LMI), and minority homeownership. This includes 6,278 residential loans that helped families purchase homes.
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$465 millionIn community development loans and investments to promote community development, provide services to the community, and create affordable housing options.
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$324 MillionIn loans to small businesses
Diversity, Equity and Inclusion
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More than 99 percent of colleagues are involved in DE&I Training.
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43% of colleagues take part in Colleague Resource Groups.
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63% diversity in middle and executive management and 36% diversity on the Board of Directors, as determined by gender, race, or ethnicity.
Human Rights
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Adopted Human Rights Statement, which focuses on creating a safe, diverse, equitable, and inclusive environment for all parties.
Governance:
Sustainability/Environment
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To identify, implement, and enforce priorities for environmental sustainability activities, the Environmental Sustainability Council was established.
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Established Environmental Risk Management Policy and Statement. It focuses on Environmental Risk Management, Climate Change, Carbon Emissions and Natural Resources, and Environmental and Social Lending.
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Signed up to become a Supporter for the Task Force on Climate Related Financial Disclosures (TCFD). September 2021.
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Participated in the Value Reporting Foundation, formerly the Sustainability Accounting Standards Board.
Associated Bank’s ESG report is available at Investor.AssociatedBank.com under the Environmental, Social and Governance tab. You can also access it directly. Click Here.
ABOUT ASSOCIATED BAANC-CORP
Associated Banc-Corp (NYSE : ASB) has total assets in excess of $2.5 billion $35 billionIs it? Wisconsin’slargest bank holding company. Headquartered here Green Bay, WisconsinAssociated, a leading Midwest bank franchise, offers a full line of financial products from more than 200 banks locations in more than 100 communities. Wisconsin, Illinois Minnesota. The company also has loan production offices. Indiana, Michigan, Missouri, New York, Ohio Texas. Associated Bank N.A. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender, and Member FDIC. More information about Associated Banc-Corp may be found at www.associatedbank.com.
Contact: Jennifer Kaminski
Public Relations Senior manager| Public Relations Senior Manager
920-491-7576 | [email protected]
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SOURCE Associated Banc-Corp
