THE SITUATION
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $175 billion asset regional bank holding company headquartered in Columbus, Ohio. The company approaches ESG with a purpose-focused strategy that leverages its economic impact and addresses environmental, social and governance (ESG) topics that have been identified as important to the company and its stakeholders.
THE STRATEGY & SOLUTION
Dix & Eaton has been Huntington’s ESG reporting partner since the 2018 ESG report. Our role includes strategic counsel, writing and editing, graphic design and project management services. Through the report, we help the company demonstrate its long-term commitment to be a catalyst for progress on economic and environmental sustainability and social impact. We include extensive data summaries, infographics, charts and sidebars to enable Huntington to tell a complete story in a compelling and clear manner.
The 2022 report includes a SASB Index, and we are also involved in helping the company complete its annual Task Force on Climate-related Financial Disclosures (TCFD) disclosure.
THE RESULTS
In 2022, Huntington filled the newly created position of Chief ESG Officer, and we used the report to highlight his vision for the future. Other highlights featured in the report included:
- Update on progress in implementing the company’s five-year Community Plan, including $40 billion of investment to broaden Huntington’s impact and promote economic inclusion
- Diversity of the Board of Directors, executives, middle management and workforce overall, and ongoing initiatives to promote a diverse, equitable and inclusive culture
- Completion of its first-ever environmental goals and the introduction of new goals to support the transition to a low carbon economy
- Progress in implementing the company’s TCFD implementation plan, including publishing an in-depth, standalone TCFD report
- Reporting to seven of the UN Sustainable Development Goals, including the addition of two SDGs: #3 Good Health and Well-Being and #5 Gender Equality
- Expansion and renaming of the Board’s Nominating and Corporate Governance Committee as the Nominating and ESG Committee to better reflect its oversight of ESG practices and disclosures
“Purpose-Driven. Always and All Ways.” was the theme for the 2022 report. Click here to view past reports.
