Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Giving
• Support for Ag and Local Foods
• Cooperative Advocacy and Industry Support
• Diversity and Inclusion
• Research and Higher Education
• Rural Community Development
• Rural Disaster Relief
• Sustainability and the Environment

Environmental Achievements

• CoBank has a $3.9 billion renewable energy portfolio, making it one of the nation’s leading financiers of renewable energy projects.
• CoBank's 11-story headquarters building is LEED Silver certified and incorporates environmentally friendly features.

Social Achievements

• $11.3 million in charitable contributions in 2019.
• More than $44 million contributed to charitable organizations through the Sharing Success program since its inception.
• Support for university programs enabling children of migrant farm workers to finish college.
• Eight Associate Resource Groups promote an inclusive workplace.
• Over $3.1 million contributed to local food and urban agriculture programs over the past five years.
• More than $2.7 million in disaster relief contributions over the past five years.
• Support for the NRWA Apprenticeship Program to train the next generation of technical workers in the water industry.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Challenging market environment
• Opioid abuse and addiction in rural areas
• Lack of access to healthcare in rural communities
• Water utility workforce loss due to retirement

Mitigation Strategies

• Investment in philanthropy
• $500,000 contribution to the University of Colorado’s Center for Prescription Drug Abuse Prevention
• $350,000 committed to the National Rural Water Association (NRWA) to underwrite the NRWA Apprenticeship Program

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: LEED Silver (Headquarters building)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Named one of the 50 safest banks in the world by Global Finance magazine for nine years in a row

Environmental Metrics

ESG Focus Areas

• Corporate Giving
• Support for Agriculture and Local Foods
• Cooperative Advocacy and Industry Support
• Diversity and Inclusion
• Research and Higher Education
• Rural Community Development
• Rural Disaster Relief
• Sustainability and the Environment

Environmental Achievements

• More than $4.2 billion renewable energy portfolio
• LEED Silver certified headquarters building with energy-efficient features
• Purchase of renewable wind generation credits to power facilities
• Use of Eco-passes for Denver associates to promote public transportation
• Inclusion of hybrid vehicles in business fleet
• Farm Credit Leasing subsidiary offering leasing programs for electric vehicles and charging stations

Social Achievements

• Increased funding by $1 million for Sharing Success, generating a record $10.2 million in charitable contributions
• Invested $500,000 in civil rights organizations
• Contributed more than $13.2 million to support critical programs addressing disaster relief, diversity and inclusion, education, healthcare, hunger, and more
• Contributed an additional $3.2 million in commercial sponsorships to industry organizations
• Eight Associate Resource Groups promote an inclusive workplace
• Partnership with No Barriers USA to support rural veterans
• Annual paid day off for associates to volunteer
• Annual Volunteer Service Award with $5,000 contribution to charity

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and its impact on nonprofit organizations and rural communities
• Economic challenges due to pandemic impact on industry and job markets
• Funding challenges for GoFarm Hawai'i due to reduced resources and competing priorities for philanthropic dollars

Mitigation Strategies

• Increased funding for Sharing Success program
• Grants to National Rural Health Association, University of Colorado Anschutz Medical Campus, and others
• Established a $50,000 fund to match COVID-19 related donations by associates (increased to $100,000)
• Partnership with American AgCredit to support GoFarm Hawai'i with a five-year grant totaling $2 million

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: LEED Silver (Headquarters)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Named one of the 50 safest banks in the world by Global Finance magazine for the 10th consecutive year

Environmental Metrics

ESG Focus Areas

• Corporate Giving
• Support for Agriculture and Local Foods
• Cooperative Advocacy and Industry Support
• Diversity and Inclusion
• Rural Disaster Relief
• Sustainability and the Environment
• Rural Community Development
• Research and Higher Education

Environmental Achievements

• $2.1 billion renewable energy portfolio
• LEED Silver certified headquarters building with energy-efficient features
• Purchase of renewable wind generation credits
• Eco-passes for Denver associates for public transport

Social Achievements

• $16.7 million in charitable contributions
• Sharing Success program generated $10.8 million in donations
• Associate Directed Contribution program supported thousands of organizations
• Partnership with No Barriers USA to support rural veterans
• Annual paid volunteer day
• Volunteer Service Award with $5,000 contribution to charity
• Support for Young, Beginning, and Small farmer programs
• Investments in local cooperative development, YBS farming programs, and local/urban food systems
• Support for FoodCorps, increasing impact in 13 states
• Pilot program with The Arc of the United States for rural families with disabilities
• $200,000 grant to South Dakota State University for microfarming opportunities on Pine Ridge Reservation
• Support for Thurgood Marshall College Fund scholarships for HBCU/PBI students
• Support for National Migrant Scholars Internship Initiative

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Ongoing pandemic
• Challenging economic conditions
• Devastating natural disasters

Mitigation Strategies

• Record $16.7 million in charitable contributions
• Significantly upsized Sharing Success fund, matching $5.4 million in customer contributions
• Investments in Young, Beginning and Small farmer programs, education, renewable energy, and other future-focused projects
• Partnerships with customers, Farm Credit partners, and other organizations

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: LEED Silver (Headquarters)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• One of the 50 safest banks in the world (Global Finance)
• One of the 50 most community-minded companies in Colorado (Points of Light)

Environmental Metrics

ESG Focus Areas

• Strengthening Our Communities
• Supporting Our People
• Stewardship of the Environment
• Serving with Integrity

Environmental Achievements

• Reduced Scope 1 and market-based Scope 2 emissions to zero through the purchase of carbon removal units from Truterra.
• 54% of electricity usage was from renewable wind energy (market-based Scope 2 emissions).

Social Achievements

• Donated $14.5 million in charitable contributions.
• Launched Live Well, a multi-faceted program focusing on employee well-being.
• 84% of associates participated in the annual engagement survey.
• More than 13,000 hours of training completed by associates.

Governance Achievements

• Established a sustainability function with a Chief Sustainability Officer and formalized board oversight.
• Created a new Code of Ethics for all associates.
• Enhanced ethics and compliance programs.

Climate Goals & Targets

Environmental Challenges

• Managing environmental risks and opportunities across diverse industries (agriculture, energy, etc.).
• Improving data quality and analysis for environmental impact measurement.

Mitigation Strategies

• Engaged a third-party expert to evaluate stakeholder expectations on sustainability.
• Conducted a formal sustainability materiality assessment.
• Measured and offset Scope 1 and 2 carbon emissions.
• Collaborated with customers to support their sustainability goals.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals, World Resources Institute’s Greenhouse Gas Protocol

Certifications: LEED Silver (Headquarters building)