Climate Change Data

Washington Trust Bank

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

  • Reduced paper consumption significantly through digitization, electronic fulfillment (42% of new account disclosures electronic, saving an estimated 44,000 pages), and recycling initiatives (20-40% recycling rates at various branches).
  • Implemented energy-efficient lighting (LED) upgrades in 26 locations.
  • Reduced employee commute miles by 39,369 one-way miles and 2,166 pounds of carbon monoxide emissions through work-from-home options and alternative transportation.
  • Portland team partnered with TerraCycle for composting and recycling, donating recycling profits to charity.

Social Achievements

  • Restructured DEI Task Force into DEI Committee, focusing on employee resource groups, educational opportunities, and community engagement.
  • Women comprised 55% of the workforce and 46% of managers.
  • Offered comprehensive employee benefits including 401k matching, subsidized long-term disability, life insurance, paid time off for various reasons, tuition assistance, and a robust wellness program.
  • Employees volunteered over 4,650 hours, supporting various nonprofits and community initiatives.

Governance Achievements

  • Implemented quarterly risk assessments across the organization.
  • Established a comprehensive Risk Management Policy encompassing various risk types.
  • Implemented vendor assessment of ESG commitments, conducting risk assessments for areas of concern.

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
  • Vendor assessment of ESG commitments

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: LEED Gold Certified (Portland office)

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

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

  • Reduced paper consumption through digitization, electronic fulfillment, and recycling initiatives. Saved an estimated 22,000 pages of printed paper through eSign.
  • Employees prevented 120,894 miles from being driven and 6,648 pounds of carbon monoxide from being emitted into the environment in 2023 through alternative transportation.
  • New, more efficient chiller purchased for Tower East building in Spokane to reduce energy expenditures.
  • LED lighting upgrades at multiple locations.

Social Achievements

  • Added a Veterans Employee Resource Group.
  • Improved website accessibility to meet ADA compliance standards.
  • Provided educational opportunities for employees on unconscious bias and micro/macro aggressions.
  • Supported various community organizations through volunteer work (over 4,250 hours) and donations (over $1M).
  • Offered free homebuyer classes.
  • Hosted shred days for secure document disposal.
  • Supported Hello For Good initiative to address homelessness.
  • Provided a $32M construction loan for the Terrapin Apartments project, creating 172 affordable housing units.

Governance Achievements

  • Implemented vendor assessments based on ESG criteria.
  • Maintained a strong Code of Business Conduct and Ethics with an employee Ethics & Compliance Hotline.
  • Performed quarterly risk assessments.
  • Established strong governance measures to protect customer data privacy since 2008; does not share or sell customer information.

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
  • Recently implemented assessment of vendors' ESG commitments.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: LEED Gold Certified (Portland office)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed