ESG at Huntington

Huntington's commitment to serving others has been our core value and purpose since our founding in 1866. This dedicated focus on being a trusted partner has never been more important. Our stakeholders—our communities, customers, colleagues, and shareholders—are living through periods of rapid innovation and promising change.

Technological, social, environmental, economic, and numerous other advancements will impact all of us in the years to come. Huntington has never been better-positioned to address the challenges—and capitalize on the opportunities—that change presents. Our steadfast focus on creating more inclusive and economically vibrant communities, becoming the best place our colleagues will ever work, and helping customers manage their energy transition and decarbonization efforts are enabling us to chart our path forward.

Our continued progress would not be possible without the dedication of Huntington’s nearly 20,000 colleagues. We thank them for bringing Huntington’s Purpose into focus each day. We also thank our stakeholders for their shared belief that we have an opportunity to make people’s lives better.

It is through this shared belief that we are proud to say we are Purpose-driven. Always and All Ways.

Download 2022 ESG Report Download 2022 TCFD Report

Additional ESG Resources

Previous ESG Reports

Our ESG Strategy

At Huntington, we focus on the ESG issues important to our business and our stakeholders, using ESG as a strategic driver for sustainable growth.

We address ESG with a Purpose-focused strategy that leverages our economic impact. This begins with our commitment to delivering sustainable, long-term shareholder value through top-tier performance, while maintaining an aggregate moderate-to-low, through-the-cycle risk appetite and well-capitalized position. As a regional bank, our economic impact includes helping individuals and families reach their goals of financial stability and homeownership; providing businesses, especially small and mid-sized businesses, with the resources to grow; serving and uplifting unbanked and underbanked individuals; and working in partnership to create prosperous and resilient communities for all.

"I am proud to help lead our ESG strategy as we further the collective impact of our nearly 20,000 colleagues in pursuit of our Vision to become the country's leading people-first, digitally powered bank. Together, we are Purpose-Driven. Always and All Ways."

S. Jason Fraley,
Chief Environmental, Social, and Governance Officer


2022 ESG Highlights

Driving Economic Impact and Enhancing Our Communities.

$2.9 billion

In community development loans and investments

#1 Originator

In SBA 7(a) loans by number in the nation1

$19.6 billion

Invested in our communities as part of Huntington’s five-year, $40 billion Community Plan

MORE THAN $12 MILLION

In closing costs waived for buyers in low-to-moderate income regions

Our Unwavering Commitment to Diversity,
Equity, and Inclusion

101%

Average base equity for racially diverse colleagues with the same job titles as non-racially diverse colleagues

99%

Average base pay equity for women colleagues with the same job titles as men

22%

Of total addressable spend with diverse suppliers, exceeding our goal of 18%

23%

Of workforce have joined at least one DEI Network2

Diverse Colleagues

68% total colleague diversity as of 2022

AND

Leadership
Diversity

50% Executive Leadership Team diversity as of 2022

Delivering on Our Environmental Commitments

Our Environmental Footprint Reduction Goals

In 2022, we completed our first-ever environmental goals set in 2017—a significant milestone in our environmental responsibility journey. As discussed in our 2021 ESG Report, we began integrating environmental data from our TCF acquisition in mid-June 2021, which impacted our ability to meet our previously defined 2022 goals. However, our 2022 legacy Huntington performance demonstrates our achievement of all three 2022 goals against our 2017 legacy Huntington baseline.

Below, we have included data corresponding with both performance of the total Company and performance of legacy Huntington to help our stakeholders understand our environmental journey and to demonstrate our transparency in reporting.

Indicator Target Target Year 2022 Total Company 2022 Legacy Huntington
Water Consumption3
15% reduction
2022
18% increase
30% reduction
1 of 3
Landfill Waste3
25% reduction
2022
10% reduction
53% reduction
2 of 3
Office Paper Printing3,4
25% reduction
2022
43% reduction
43% reduction
3 of 3

Greenhouse Gas Emissions Reduction Goals

The below table outlines our progress against our midterm and long-term greenhouse gas (GHG) emissions reduction goals. Having achieved these targets for legacy Huntington, we are modifying our goals in 2023 to a single goal of realizing 35% GHG emissions (Scope 1 and Scope 2 location-based) reduction by 2023, using a 2022 baseline.

Indicator Target Target Year 2022 Total Company 2022 Legacy Huntington
GHG Emissions
(Scope 1 & Scope 2 location-based)3
31% reduction
41% reduction
2027
2037
22% reduction
22% reduction
43% reduction
43% reduction
1 of 1

Our Environmental Sustainability Goals

In 2023, with input from the Board of Directors, executive leadership, and other engaged stakeholders, we built on the progress of our inaugural goals by defining a new set of goals focused on reducing our emissions, mitigating our energy use, adopting renewable energy alternatives, and lowering our water consumption. We built our goals with an understanding of the most up-to-date climate science to make a meaningful impact.

Indicator Target Target Year 2022 Total Company Performance
GHG Emissions
(Scope 1 & Scope 2 location-based)
35% reduction
2030
n/a - baseline year
1 of 5
GHG Emissions
(Scope 2 market-based)
50% reduction
2035
n/a - baseline year
2 of 5
Water Consumption
15% reduction
2030
n/a - baseline year
3 of 5
Landfill Waste
25% reduction
2030
n/a - baseline year
4 of 5
Renewable Energy
50% of electricity usage
2035
1% of electricity usage
5 of 5

Our Approach to ESG


Economic
Huntington strives to support our communities in a responsible manner, contributing to an environment of economic stability and sustainable growth. This comes from being grounded in sound and fair banking principles that support businesses, address community needs, help with housing options, and support philanthropic investment opportunities.


Social
Our colleague-centric approach to talent management supports our purpose, culture, and growth by building engagement, capability, and capacity through integrated talent processes grounded in our commitment to diversity, equity and inclusion.

Environmental
Energy conservation and environmental responsibility are priorities for Huntington. We embrace responsible practices regardless of directives from legislation or the marketplace and are committed to creating an environmentally sustainable future through focused environmental management efforts and continued colleague engagement.


Governance
We are committed to the long-term success of Huntington, as well as those we serve, through strong corporate governance and ethical business practices. Everyday, we strive to operate as a disciplined, trustworthy and moral organization.

Our Purpose in Action

Habitat for Humanity Video

Building a Brighter Future
A hands-on approach to looking out for people.

Watch Video

Classic for Columbus Video

Keeping it Classic
Celebrating and supporting our HBCU partners.

Watch Video

Food for Thought
Fostering a healthy change.

Watch Video

Awards and Recognition

Newsweek

Newsweek

America’s Most Responsible Companies 2023 (4th consecutive year)

JD Power Award trophy

J.D. Power

Ranked highest regionally in the 2023 U.S. Banking Mobile App Satisfaction Study
(5th consecutive year)5

Apex Logo

Training Magazine

2023 Training APEX Awards winner
(4th consecutive year)



1 SBA loans subject to SBA eligibility. Huntington is #1 in the nation in number of SBA 7(a) loans from October 1, 2017 to September 30, 2023. Huntington was the #1 SBA 7(a) lender in the region made up of Illinois, Indiana, Kentucky, Ohio, Michigan, West Virginia, and Western Pennsylvania from October 1, 2008 to September 30, 2021 and the region made up of Illinois, Indiana, Kentucky, Ohio, Michigan, West Virginia, Pennsylvania, Minnesota, Colorado and Wisconsin from October 1, 2021 to September 30, 2023. Source: U.S. Small Business Administration (SBA).

2Huntington’s DEI network includes Business Resource Groups, Inclusion Councils, and Communities of Practice.

3Compared with a 2017 baseline based on legacy Huntington.

4Paper printing data does not include TCF data as Project Papercut is not yet offered at these locations.

5Huntington received the highest score among regional banks ($70B to $200B in deposits) for the fifth consecutive year in the J.D. Power U.S. Banking Mobile App Satisfaction Study, which measures customer satisfaction with financial institutions’ mobile applications for banking account management.