ESG Report
Our strategic commitment to Environmental, Social and Governance best practices advances our culture and drives our purpose of looking out for the colleagues, customers and communities we serve.
The 2021 ESG report provides a comprehensive review of Huntington’s progress on performance dimensions that drive sustainable, long-term value for all our stakeholders and the impacts of our focus on community economic development, diversity and inclusion, and environmental equity and sustainability.
Executive Message
To our fellow shareholders, customers, colleagues, and community members—Welcome.
2021 was a transformational year for Huntington. We completed the largest merger in our history, creating a Top 10 Regional Bank with the acquisition of TCF Financial Corporation. As part of the merger, we welcomed new colleagues, converted over 1.5 million customers to the Huntington platform, expanded into exciting new regions such as Denver and the Twin Cities, and increased our presence in dynamic markets. Importantly, we also enhanced product and service offerings, building on our Fair Play banking philosophy.
We continued to invest in our colleagues in a number of important ways, supported small business throughout our expanded footprint and the nation, and invested heavily in our communities. We also advanced our unwavering commitment to diversity, equity, and inclusion (DEI), elevated our focus on climate risk, and explored potential pathways to a net zero carbon commitment.
We are entering a new era of growth and opportunity at Huntington. We believe in shared value for all our stakeholders. We are committed to delivering an exceptional customer experience, remaining deeply connected to the communities we serve, and providing our colleagues with a fulfilling and rewarding professional career. Anchored in our Values—Service Heart, Forward Thinking, and a Can-do Attitude—we are inspired by the role we can play in the lives of all we serve.
Stephen D. Steinour
Chairman, President, and Chief Executive Officer
David L. Porteous
Lead Director,
Board of Directors
2021 ESG Highlights
Driving Economic Impact and Enhancing Our Communities.
$2.8 billion
In community development loans and investments
#1 Originator
In SBA 7(a) loans by number in the nation^
$40 billon
Introduced a new five-year, $40 billion Community Plan, with $7.6 million invested in 2021
26.2% of Branches
In low-to-moderate income neighborhoods
2,968 Families
In mortgage distress assisted through the Home Savers Program
Our Unwavering Commitment to Diversity,
Equity, and Inclusion
99%
Average base pay equity for women colleagues with the same job titles as men
99%
Average base equity for racially diverse colleagues with the same job titles as non-racially diverse colleagues
21.3%
Of total spend with diverse suppliers, exceeding our goal of 18%
Diverse Colleagues
68% total colleague diversity and
45%
middle and executive management
Board
Diversity
Delivering on Our Environmental Commitments
Our Environmental Footprint Reduction Goals
| Indicator | Target | Target Year | 2021 Total Performance | Legacy Huntington 2021 Performance | |
|---|---|---|---|---|---|
|
GHG Emissions
(Scope 1 & Scope 2 location-based) ¹˒²˒³˒⁴ |
31% reduction
41% reduction |
2027
2037 |
35% reduction
35% reduction |
46% reduction
46% reduction |
|
|
Renewable Energy
|
50% of electricity usage
|
2035
|
1% of electricity usage
|
1% of electricity usage
|
|
|
Water Consumption¹˒²˒³
|
15% reduction
|
2022
|
12% increase
|
32% reduction
|
|
|
Landfill Waste¹˒²˒³
|
25% reduction
|
2022
|
11% reduction
|
49% reduction
|
|
|
Office Paper Printing¹˒²
|
25% reduction
|
2022
|
49% reduction
|
49% reduction
|
*As a result of our acquisition of TCF on June 9, 2021, in 2022, we will be establishing a new baseline for all data points and revising our environmental goals.
1Compared with a 2017 baseline.
22021 percent reductions, as in the previous year, were partially driven by our transition to remote work due to the COVID-19 pandemic, as well as our ongoing conservation efforts.
3At least four to five months of TCF data are included in 2021 Scope 1 and Scope 2 GHG emissions, energy, water, and landfill waste data.
4In 2021, the U.S. EPA published new Scope 2 location-based emissions factors through its eGrid database. These factors, reflecting the growing trend of utility-scale decarbonization, were lower than previous years. We estimate that the change in these factors resulted in a decrease in Scope 2 location-based emissions for an overall Scope 1 and Scope 2 decrease of 6.02%.
Our Approach to ESG
Economic
Social
Environmental
Governance
Our Purpose in Action
Awards and Recognition
Customer Experience and Reputation
Newsweek
- America's Most Responsible Companies 2022 (3rd consecutive year)
J.D. Power
- Ranked highest regionally in the 2022 U.S. Banking Mobile App Satisfaction Study (4th consecutive year)
2021 Greenwich Excellence Awards
Excellence Awards for U.S. Small Business Banking
National- Likelihood to Recommend
- Cash Management – Overall Satisfaction
- Cash Management – Customer Service
- Cash Management – Ease of Product Implementation
- Cash Management – Overall Digital Experience
- Cash Management – Overall Product Capabilities
- Data and Analytics Driven Insights
- Likelihood to Recommend
- Cash Management – Overall Satisfaction
Excellence Awards for Huntington Middle Market Banking
National- Cash Management – Overall Satisfaction
- Cash Management – Customer Service
- Cash Management – Ease of Product Implementation
- Likelihood to Recommend
- Cash Management – Overall Satisfaction
Workplace
Forbes Awards
- Forbes America’s Best Large Employers 2022
- Forbes America’s Best Employers for Diversity | 2018 – 2022
- Forbes Best Employers for Women | 2018 – 2022
- Forbes Best Employers for New Grads | 2019 – 2022
- Forbes America’s Best In State Employers | 2019 – 2022
Best Places to Work for LGBTQ Equality (8th consecutive year) by the Human Rights Campaign Foundation
Received 100% score on the Human Rights Campaign Foundation Corporate Equality Index | 2014 – 2022
BISA Diversity & Inclusion Award 2022 Top 50 ranking on Training magazine’s 2022 Training APEX Awards list (3rd consecutive year)
Best Governance around a Corporate Transaction by Corporate Secretary magazine
Great Place to Work® Certified by Great Place to Work (3rd consecutive year)
Received a 100% score on the Disability Equality Index | 2017 – 2022
DiversityInc Top Regional Companies 2021
Leading Disability Employer 2021 by The National Organization on Disability
^SBA loans subject to SBA eligibility. Huntington is #1 in number of SBA 7(a) loans from October 1, 2017 to September 30, 2021. Huntington is the #1 SBA 7(a) lender in the region made up of Illinois, Indian, Kentucky, Ohio, Michigan, West Virginia, and Western Pennsylvanian from October 1, 2008 to September 30, 2021. Source: U.S. Small Business Administration. (SBA).