PR Newswire
COLUMBUS, Ohio, Aug. 12, 2021
COLUMBUS, Ohio, Aug. 12, 2021 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) has issued its 2020 Environmental, Social and Governance (ESG) Report, which highlights how Huntington helps people reach their goals, provides businesses with the resources to grow, and works to create prosperous and resilient communities.
The report shines a light on Huntington's 2020 commitments to shareholders, customers, colleagues, and communities, especially during a year of social and racial unrest, economic uncertainty and climate-related disruption.
"We're pleased to share how we're serving all of our stakeholders after a year of enormous challenges across the globe," said Steve Steinour, chairman, president and CEO. "Our purpose of making people's lives better, helping businesses thrive and strengthening the communities we serve continues to guide us in all we do. Stories about how our colleagues live our purpose every day are woven throughout the ESG report. This is especially meaningful as we examine our performance as a company and our larger role to be a catalyst for progress on economic and environmental sustainability, as well as social equity."
The ESG report provides a comprehensive review of Huntington's progress on performance dimensions that drive sustainable, long-term value for investors and support economic empowerment for customers and communities. Progress includes:
Reporting Includes First-Time SASB Index and Second Annual TCFD Disclosure
Huntington's commitment to strong corporate governance is also reflected in its efforts to continually improve ESG reporting. This is Huntington's fifth ESG report, along with first-time reporting to the Sustainability Accounting Standards Board (SASB) standards for Commercial Banks and Consumer Finance, and second annual reporting to the Task Force on Climate-related Financial Disclosures (TCFD) framework.
Additional 2020 areas of focus that enabled Huntington's response on behalf of its stakeholders include:
"Huntington is driven by its purpose and guided into action through its core values to be a top-tier performing bank that creates long-term value for its stakeholders," said Dave Porteous, Lead Director, Huntington Board of Directors. "ESG priorities play an important role at Huntington and across our industry. We're confident our enhanced strategy and ESG reporting transparency will further our brand and helps us stand out to our shareholders, customers, colleagues and communities. This report illustrates Huntington's belief that doing good is good for business."
About Huntington
Huntington Bancshares Incorporated is a $175 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle–market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates more than 1,200 branches in 12 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.
This press release contains certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements, which are not historical facts and are subject to numerous assumptions, risks, and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.
All forward-looking statements speak only as of the date they are made and are based on information available at that time. We do not assume any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. Please carefully review and consider the various disclosures made in this document and in our other reports filed with the SEC for more information about the risks and other factors that may affect our business, results of operations, financial condition or prospects.
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SOURCE Huntington Bancshares Inc.
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