Western Alliance Bancorporation

Climate Impact & Sustainability Data (2021, 2022)

Established an Environmental Management System (EMS) to reduce environmental impacts and increase operating efficiency
Phasing out traditional lightbulbs and single-use plastics in office facilities
Implementing refill stations to eliminate single-use water bottles

Continued progress toward attracting and retaining a diverse workforce (44% ethnic minority, 55% women)
47% of women in senior roles, 67% of promotions to female & ethnically diverse employees
Implemented an AI-capable engagement tool for regular employee surveys
Annual review of pay practices to ensure equal pay for equal work
Employees volunteered over 7,000 hours in 2021

Rolled out a new Code of Business Conduct and Ethics
Board refreshment process resulting in increased gender and ethnic/racial diversity
Strong BSA/AML and OFAC program with annual risk assessment and independent review

Offering various resources to help employees grow and build new skills (development programs, mentoring, webinars)

Frameworks Used: SASB, GRI

Implemented an Environmental Management System (EMS) to reduce environmental impact and increase operating efficiency.
Opened a new San Diego regional office in a Silver LEED Certified building.
Reduced single-use plastics and implemented refill stations.
Engaged with energy professionals for utility and financial savings.

Launched three new Business Resource Groups (BRGs) in 2022.
Nearly 33% of employees participate in a BRG.
Implemented an AI-capable engagement tool for employee surveys.
Offered a comprehensive wellness package including mental health resources and workplace flexibility.
Provided paid parental leave and other benefits.
Maintained an industry-leading efficiency ratio through effective headcount management.
Volunteered nearly 10,000 hours in 2022 and over 12,000 hours of financial literacy training.

Strengthened the Board with four new directors.
Rolled out a new Code of Business Conduct and Ethics.
Maintained comprehensive corporate governance policies and structures.
Implemented a robust BSA/AML and OFAC program.
Established management risk oversight committees.
Utilized a Three Lines of Defense model for risk oversight.
Implemented regular employee training on cybersecurity issues.
Conducted regular external and internal security audits and vulnerability assessments.

Historic industry turbulence in mid-March 2023, including the rapid failures of Silicon Valley Bank and Signature Bank.

Responded quickly and decisively through agility, entrepreneurial spirit, commitment to transparency, and dedication to customers.
Leveraged longstanding values, seasoned leadership, and a highly engaged Board of Directors.
Issued multiple additional disclosures with detailed financial information to calm the market.

Frameworks Used: SASB, GRI