WesBanco
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Community Development
- Empowering Our People
- Environmental Stewardship
- Governance, Risk Management, Business Ethics, and Information Security & Data Privacy
Environmental Achievements
- Converted nearly 30% of facilities to LED lighting
- Reduced financial center footprint by more than 20% since December 31, 2018
- Approximately 15% reduction in transactions conducted across current financial center footprint since 2019
- Half of total workforce in either 100% remote or hybrid work schedule as of December 31, 2022, reducing carbon footprint related to employee commutes
Social Achievements
- Eight consecutive "Outstanding" Community Reinvestment Act (CRA) ratings
- American Bankers Association Foundation Community Commitment Award
- Named a Top Workplace by employees and one of America’s Best Mid-Sized Employers by Forbes for the third consecutive year
- 97% of survey respondents agree they are proud to work for WesBanco (December 2022)
- Employee Referral Program accounts for approximately 27% of total new employee base each year
- WesBanco Women’s Symposium and WesBanco Diversity, Equity, and Inclusion Symposium
- Annual Diversity & Inclusion and Workplace Safety training for all employees
- Comprehensive benefits program including medical, dental, vision insurance, flexible spending plans, transportation benefits, retirement savings plan, and generous PTO policy
Governance Achievements
- Strong corporate governance practices, including independent directors on key committees
- Enterprise risk management (ERM) framework with three independent lines of defense
- Information security policy and committee, Critical Incidence Response Team
- Annual Code of Conduct training for 100% of employees
- Policies addressing confidential information, conflicts of interest, gifts and entertainment, use of position, board responsibilities, discrimination and harassment, insider trading, and health and safety
Climate Goals & Targets
Environmental Challenges
- Minimizing electronic-related waste while transitioning to LED lighting
- Balancing the need for physical branches with environmental impact
- Maintaining information security in a dynamic technological landscape
Mitigation Strategies
- Careful balancing of existing lighting age and LED installation to minimize waste
- Reduced square footage of new financial centers and increased technology offerings
- Regular security assessments and certifications, implementation of new information security tools, periodic testing with third parties, and information security risk insurance
Supply Chain Management
Responsible Procurement
- Purchase of exclusively recycled printer toner and recycling of toner cartridges
Climate-Related Risks & Opportunities
Awards & Recognition
- American Bankers Association Foundation Community Commitment Award
- Forbes America’s Best Mid-Sized Employers
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Community Development
- Empowering People
- Environmental Stewardship
- Business Integrity
Environmental Achievements
- Converted roughly 30% of facilities to LED lighting.
- Reduced financial center footprint by more than 20% since December 31, 2018.
- Increased utilization of digital offerings minimizing environmental impact associated with customer travel.
Social Achievements
- Eight consecutive "Outstanding" Community Reinvestment Act (CRA) ratings.
- 97% of survey respondents agree they are proud to work for WesBanco.
- More than 94% feel their work is fulfilling.
- Introduced ERGs to the entire employee population during the first quarter of 2024.
- 40 diverse vendors providing various services to WesBanco.
Governance Achievements
- Implemented an enterprise risk management (ERM) framework.
- 100% of employees completed Corporate Policy Review and acknowledged policies in 2023.
- 99+% completion rate for all required training in 2023.
Climate Goals & Targets
Environmental Challenges
- Minimizing electronic-related waste while transitioning to LED lighting.
- Balancing the age of existing lighting and the desire to install LED lighting.
- Maintaining a safe and sound banking organization while managing risk exposures.
Mitigation Strategies
- Carefully balancing the age of existing lighting and the desire to install LED lighting to minimize electronic-related waste and ensure good stewardship of shareholders’ capital.
- Implemented an enterprise risk management (ERM) framework with three independent lines of defense.
- Regularly evaluate structures, processes, and policies to promote accountability, inclusion, and ethical behavior.
Supply Chain Management
Responsible Procurement
- Seeking out suppliers from diverse backgrounds
Climate-Related Risks & Opportunities
Awards & Recognition
- America Saves Designation of Savings Excellence award (eight consecutive years)
- American Bankers Association Foundation Community Commitment Award
- FHLBank’s “Pillar of the Community” award (three times)
- Forbes Top Workplace
- America’s Best Mid-Sized Employers