BOK Financial Corporation
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:33%
Total Energy Consumption:24,048,341 kWh
ESG Focus Areas
- Community Advancement
- Equal Opportunity
- Diversity and Inclusion
- Climate Change
- Responsible Investing
- Risk Management
- Data Privacy & Security
- Fair and Responsible Banking
Environmental Achievements
- Reduced paper usage, postage and other support functions impacting the environment through strategic technology use.
- 33% of company-owned facilities have energy management systems (totaling more than 100 locations).
- 14,664 trees saved through recycling in 2023.
Social Achievements
- Combined $9.0 million contributed by the company and BOKF Foundation in 2023.
- 50,000+ employee volunteer hours in 2023.
- 400+ employees served in leadership roles with 495 nonprofit organizations.
- $2.6 million generated for local United Way organizations through annual campaign, corporate giving and employee contributions.
- 8.5% enterprise spend with diverse suppliers in 2023.
- Improved diversity of recent ACT and intern classes (28% people of color in 2023 ACT class, compared to 7% ten years ago).
- Employees completed more than 9,500 courses and viewed nearly 260,000 videos on diversity and inclusion topics in 2023.
- Achieved all-time high in employee engagement in 2023.
- Employee turnover below industry levels (14.0% in 2023).
- Recognized as a 2023 Top Inclusive Workplace by Mosaic.
- Received the 2023 Veteran Employer Champion award.
Governance Achievements
- Annual review and approval of Standards of Conduct by the Audit Committee.
- Annual training for all employees on Standards of Conduct, compliance, and other relevant topics.
- Robust compliance program overseen by the Chief Compliance Officer.
- Independent third-party management of Risk Reporting Hotline.
- Strong Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) compliance program.
- Comprehensive fraud risk management program.
- Robust cybersecurity program overseen by the Risk Committee and managed by the Chief Information Security Officer.
Climate Goals & Targets
Environmental Challenges
- Balancing environmental goals with social impacts (e.g., avoiding policies that disproportionately impact low-income individuals).
Mitigation Strategies
- Focus on long-term sustainability, including investments in talent and future growth despite short-term costs.
- Emphasis on responsible investing that considers both financial and ESG factors.
Supply Chain Management
Responsible Procurement
- Developing an inclusive supply chain with diverse vendors.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB
Awards & Recognition
- 2023 Top Inclusive Workplace by Mosaic
- 2023 Veteran Employer Champion award