Climate Change Data

Environmental Metrics

ESG Focus Areas

• environmental
• social
• governance

Environmental Achievements

• Reduced carbon footprint by strip-tilling and planting together (qualitative)

Social Achievements

• Delivered 5,000 hours of training to affiliated lenders and their customers
• Supported agricultural producers through challenging weather conditions (Winter Storm Uri and the pandemic)

Governance Achievements

• Two seasoned professionals joined senior management team
• Significantly reduced the bank’s exposure to LIBOR

Climate Goals & Targets

Environmental Challenges

• Extremely low-interest rate environment
• Ongoing coronavirus pandemic
• Winter Storm Uri
• Volatile commodity prices
• Export market disruptions
• Supply chain issues
• Weather-related challenges

Mitigation Strategies

• Successfully navigated low interest rates and pandemic
• Provided funding, technology, and support to affiliated lenders without disruption during Winter Storm Uri
• Modernized and rolled out FarmView, an integrated suite of products for managing the full lending relationship
• Improved internet connectivity at association branch offices
• Enhanced cash management products for association borrowers
• Launched new tools for association appraisers and evaluators
• Enhanced learning management system
• Improved email stability
• Expanded rollout of user-friendly customer portal and e-vault

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Weather-related challenges

Environmental Metrics

ESG Focus Areas

• Diversity, Equity and Inclusion (DEI)
• Community Investment
• Sustainable Agriculture Practices
• Employee Well-being

Environmental Achievements

• Not disclosed

Social Achievements

• Welcomed eight new members to the DEI Council
• Partnered with other Farm Credit System institutions to sponsor the NBGC event in South Carolina
• Supported professional development and student organizations, including MANRRS and HCBUs

Governance Achievements

• Continued rollout of new end-to-end lending technology to district associations (FarmView® platform)
• Implemented changes to the bank’s patronage programs to accommodate the economic environment and move toward a sustainable growth capitalization model
• Maintained strong standards of conduct program that promotes ethical behavior and regulatory compliance

Climate Goals & Targets

Environmental Challenges

• High input costs, volatile commodity prices and adverse weather conditions impacting borrowers
• Significant uncertainty in the banking sector, including persistent inflation and rising interest rates reducing profitability
• Downstream impacts of growth and increasing complexity of business

Mitigation Strategies

• Prudent risk management practices and financial strength allowed continued dependable funding to affiliated associations
• Deployed a centralized enterprise risk management program
• Implemented changes to patronage programs for sustainable growth
• Modernized and rolled out FarmView® technology platform for enhanced security, risk management, and borrower experience

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed