Press release
Huntington 2020 ESG Report Highlights Commitment to Shareholders, Customers, Colleagues and Communities
Report details Huntington's focus on community, economic and environmental sustainability, corporate governance, diversity and inclusion and social equity
About this update from Huntington Bancshares Incorporated
[{"type":"text","content":"Report details Huntington's focus on community, economic and environmental sustainability, corporate governance, diversity and inclusion and social equity\n\n\nCOLUMBUS, 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.\n\n \n \n\n \nThe 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. \n\"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.\"\nThe 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:\nIncreased spending with diverse suppliers to $161.1 million, accounting for 26.6% of total spending, supporting more than 2,350 jobs and representing $125 million in supported wages. Implemented a bank-wide minimum wage increase from $16 per hour to $17 per hour, and has a strong, ongoing focus on colleague engagement, development, retention, and attraction. Delivered positive operating leverage for the eighth consecutive year, earned a 9% return on tangible common equity, and increased the cash dividends paid to our shareholders for the tenth consecutive year. 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 H...