Bar Harbor Bank & Trust
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
Waste Generated:4 tons/year (technology equipment)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced paper consumption for customers by delivering documents electronically
- Nearly 30% of our locations utilize high-efficiency LED lighting
- Opened two state-of-the-art branch locations designed with high-efficiency HVAC systems, LED lighting, low water consumption fixtures, and enhanced weatherization to reduce energy consumption
- Recycled more than 4 tons of technology equipment in 2020
- More than 750,000 documents (34% of all documents) were uploaded into digital storage in 2020
- 94% of employees using electronic deposits for payroll and expense reimbursement
Social Achievements
- Processed thousands of Small Business Administration’s Paycheck Protection Program loans
- Donated resources to support essential workers and local non-profit organizations
- Processed over 550 customized commercial loan modifications and over 350 consumer loan modifications
- Contributed over $590,000 in charitable donations to over 400 community organizations in 2020
- Awarded over $67,000 in scholarships to 45 students since 2018
- Employees contributed over 16,000 hours of volunteer time in the past three years
Governance Achievements
- Maintained strong management and risk oversight at the Board level
- Adopted a Code of Conduct and Business Ethics applying to all directors, executive officers, employees, contractors, and consultants
- Adopted a Code of Ethics for Senior Financial Officers
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic and its impact on customers and communities
Mitigation Strategies
- Processed thousands of PPP loans, donated resources, maintained continuous service during lockdowns, processed loan modifications, installed walk-up windows at three locations
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- National Community Bank Service Award (2020)