GREEN
BAY, Wis., Sept. 6, 2023 /PRNewswire/ -- Associated
Banc-Corp (NYSE: ASB) ("Associated Bank") has released its 2022
Sustainability Report. This annual report highlights the company's
progress on environmental, social and governance initiatives and
related priorities designed to improve the economic health of its
markets; deliver a safe, productive and engaging workplace and
culture; promote diversity, equity and inclusion; and preserve the
environment. The report also features the Company's sustainability
approach and governance practices.
"This report is one of the many ways we demonstrate our focus on
driving a more sustainable future for our company and those we
serve," said Andy Harmening,
president and chief executive officer at Associated
Bank. "From building an inclusive company culture where
everyone feels welcome, to finding new ways to make our customers,
colleagues and communities financially stronger, we couldn't be
more proud of our efforts."
Among the many focus areas this report covers, key highlights
from the past year include:
Community Commitments & Investments:
- Approximately $820 million in
residential loans to support low- to moderate-income (LMI) and
minority homeownership. This represents 4,330 residential mortgages
helping families obtain homes.
- $649 million in community
development loans and investments to create affordable housing
options, provide community services and promote community
development.
- $94 million in loans to small
businesses.
- Nearly 55,500 hours of recorded volunteer time, including
nearly 6,200 CRA-qualified service hours and 476 financial
education seminars.
Colleague Development & Well-being:
- Advanced leadership, personal and professional development
programs.
- Increased benefits and internal programming in support of
mental health.
- Advanced inclusive benefits for colleagues and their
families.
Diversity, Equity & Inclusion:
- More than 99% of colleagues participated in DE&I
training.
- Approximately 45% of colleagues participated in Colleague
Resource Groups.
- 62% middle and executive management diversity and 40% Board of
Directors diversity as defined by gender, race or ethnicity.
Environmental Sustainability
- Elevated environmental sustainability as a mainstream corporate
initiative and established a management-level Sustainability
Committee.
- Established carbon footprint model focused on real estate space
optimization, operational improvements and grid greening.
Governance:
- Added a Director of ESG and Sustainability role to the
company.
- Became active participant in Risk Management Association (RMA),
American Bankers Association (ABA) and Bank Administration
Institute (BAI) ESG Roundtable forums.
- Joined Wisconsin Sustainable Business Council in support of
their mission to advance sustainable principles and practices
through the power of business.
The report covers the period of January
1, 2022, through December 31,
2022, except where noted. 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.
Associated Bank's Sustainability Report is available at
Investor.AssociatedBank.com under the Environmental, Social and
Governance tab. It may also be accessed directly HERE.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE:
ASB) has total assets of $41 billion
and is the largest bank holding company based in
Wisconsin. Headquartered in Green
Bay, Wisconsin, Associated is a leading Midwest banking
franchise, offering a full range of financial products and services
from more than 200 banking locations serving more than 100
communities throughout Wisconsin,
Illinois and Minnesota. The company also operates loan
production offices in Indiana,
Michigan, Missouri, New
York, Ohio and Texas. Associated Bank, N.A. is an Equal
Housing Lender, Equal Opportunity Lender and Member FDIC. More
information about Associated Banc-Corp is available
at www.associatedbank.com.
Media Contact: Jennifer
Kaminski
Vice President | Public Relations Senior
Manager
920-491-7576 | Jennifer.Kaminski@AssociatedBank.com
Investor Contact: Ben
McCarville
Vice President | Director of Investor
Relations
920-491-7059 | Ben.McCarville@AssociatedBank.com
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SOURCE Associated Banc-Corp