Climate Change Data

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