Tompkins Financial Corporation
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Furnishing proxy materials over the internet to lower delivery costs and reduce environmental impact.
Social Achievements
- Not disclosed
Governance Achievements
- Adopted Corporate Governance Guidelines reflecting best practices; maintains five standing committees (Executive, Compensation, Audit/Examining, Nominating and Corporate Governance, and Qualified Plans Investment Review); implemented a clawback policy for executive compensation; affirmatively determined director independence; conducts annual board and director self-evaluations; adopted a Code of Ethics for CEO and CFO.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
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: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Data Security
- Financial Inclusion and Capacity Building
- Incorporation of ESG Factors in Credit Analysis
- Business Ethics
- Systemic Risk Management
Social Achievements
- Funded various community development loans totaling $224,451,655 across 74 loans for affordable housing, agencies dedicated to disadvantaged youth, affordable childcare, agencies for people with disabilities, downtown revitalization, children’s centers, and healthcare facilities.
- Offered a BankOn® certified deposit account ('Smart Spend') with 817 deposit/transactional accounts and 22 savings accounts.
Governance Achievements
- Established Fraud and Whistleblower Protection Policy with an ethics hotline (www.lighthouseservices.com/tompkinsfinancial).
Climate Goals & Targets
Environmental Challenges
- Cybersecurity risks
- Potential for past due and nonaccrual loans in small business and community development programs.
Mitigation Strategies
- Enterprise-wide Information and Cyber Security Program using FAIR assessment approach, MITRE Attack framework, penetration testing, and independent audits.
- Incorporation of ESG factors into credit analysis, including environmental due diligence, climate risk assessment, and a targeted loan program for geothermal HVAC systems.
- Loan policy prohibiting loans violating laws, loans to political candidates, loans for speculative trading, and loans to designated persons.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Flood risk
Transition Risks
- Changes in climate regulation/policy
Opportunities
- Deploying capital to transition communities to cleaner energy
Reporting Standards
Frameworks Used: SASB Commercial Bank framework