Press release
Huntington National Bank Joins the Partnership for Carbon Accounting Financials
Reflects Huntington's focus on ESG, key climate, and environmental related efforts and initiatives COLUMBUS, Ohio, March 4, 2022 /PRNewswire/ -- Huntington
About this update from Huntington Bancshares Incorporated
[{"type":"text","content":"Reflects Huntington's focus on ESG, key climate, and environmental related efforts and initiatives\n\n\nCOLUMBUS, Ohio, March 4, 2022 /PRNewswire/ -- Huntington National Bank, the wholly-owned subsidiary of Huntington Bancshares Incorporated (Nasdaq: HBAN), today announces it has joined the Partnership for Carbon Accounting Financials (PCAF), demonstrating the company's increased focus on Environmental, Social and Governance (ESG), key climate and environmental related efforts and initiatives.\n\n \n \n \n \n \n \n\n \nThe Partnership for Carbon Accounting Financials (PCAF) is a collaboration between financial institutions worldwide to enable harmonized assessments and disclosures of greenhouse gas emissions financed by loans and investments. With more than 220 financial institutions from six continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific.\n\"Standardized assessment methodologies are critical as we identify risks related to climate change and implement effective mitigation strategies,\" said George Gonczar Huntington's Climate and Global Risk Director. \"By joining PCAF, we are helping to drive a consistent framework to set targets, track progress and disclose our financed emission through a common GHG accounting standard. We're confident our enhanced strategy and reporting transparency will benefit our stakeholders as we integrate climate-related insights into Huntington's decision-making and help key leaders and clients achieve their climate-related objectives.\"\nHuntington continues to make significant progress on its five-year environmental sustainability strategy including achieving an A- in CDP's climate change rating, placing it in the top quartile of CDP's Financial Services Activity Group. The score illustrates Huntington's increased focus on ESG and key climate- and environmental-related efforts and initiatives.\nAdditional commitments and accomplishments by Huntington include: \nReduced Scope 1 and Scope 2 greenhouse gas emissions in 2020 by 35% vs. 2017 baseline. Established a renewable energy goal to shift 50% of its electricity usage to renewable sources by 2035. Achieved 382 new ENERGY STAR certifications for our buildings since 2017. Provided comprehensive, customized solutions for businesses innovating in the green technology market. Pledged $40 Billi...