Prosperity Bancshares, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Governance
- Social Responsibility
Governance Achievements
- Supporting an environmental working group to further sustainability efforts.
- Regular reporting to the Executive Committee and Nominating and Corporate Governance Committee on environmental initiatives and progress.
- Engaging with customers, associates, and external stakeholders for feedback on ESG performance and disclosures.
- Annually reporting externally on progress.
Climate Goals & Targets
Environmental Challenges
- Climate change risks may result in incremental credit risk in the loan portfolio due to exposure of certain industry sectors or borrowers to the impacts of climate change.
- Climate change poses compliance, economic, and physical risks to the Company’s operations.
Mitigation Strategies
- Evaluating whether climate change risks may result in incremental credit risk in various portions of the loan portfolio.
- Assessing the compliance, economic, and physical risks that climate change poses to the Company’s operations, and if necessary, developing strategies and processes to manage such risks.