Climate Change Data

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