Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 66% reduction in greenhouse gas emissions
• 66.6% of business and consumer clients utilizing online statements (reducing paper consumption)

Social Achievements

• Raised minimum salary commitment to $12.50/hour for new hires and $14 for high-performing colleagues
• Invested $126 million in affordable housing
• Invested $25 million in a comprehensive economic development program in Flint, MI
• Waived more than $6 million in closing costs for low-income borrowers
• Huntington Home Savers helped 2,192 customers in distress with their mortgages
• 3,389 community development home ownership loans

Governance Achievements

• Created board-level ESG accountability and aspirations
• All Huntington colleagues are required to undergo annual training in the Code of Business Conduct and Ethics

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Suppliers must abide by Huntington’s Code of Business Conduct and Ethics

Climate-Related Risks & Opportunities

Awards & Recognition

• 2016 Champion of Opportunity Award
• 2016 Most Influential Black Corporate Directors
• Perfect Score: Best Places to work for LGBT Equality – Human Rights Campaign Foundation
• J.D. Power & Associates, Highest in Customer Satisfaction with Small Business Banking in the Midwest Region (2014, 2016)
• Money Magazine, Best Bank Great Lakes Region (2016)
• TNS, Consumer Choice Award for retail banking in the U.S. Central Region (2012, 2013, 2015, 2016)

Environmental Metrics

ESG Focus Areas

• Economic Impact
• Governance
• Social Impact
• Environmental Impact

Environmental Achievements

• Reduced greenhouse gas emissions by 16% (compared to 2017 baseline)
• Reduced water use by 9%
• Reduced landfill waste by 22%
• Reduced paper printing by 17%
• Implemented 274 environmental sustainability projects
• Increased on-site solar generation to 1,331,892 kWh

Social Achievements

• Increased minimum wage to $17/hour (effective May 2020)
• 86 internal promotions to senior and executive leader roles
• 99% average base pay for women compared to men with same job titles
• 98% average base pay for minority colleagues compared to non-minority counterparts
• 66% total workforce diversity
• 43% middle and executive management diversity
• 1,499 families in mortgage distress assisted through the Home Savers Program
• 12,694 hours of financial wellness training provided
• 31,500 volunteer hours by Huntington colleagues

Governance Achievements

• 40% board diversity
• 100% of colleagues completed risk and developmental training
• Established Global Risk Assessment Group
• Strengthened cybersecurity leadership team and increased cyber support staff by 60%

Climate Goals & Targets

Environmental Challenges

• Economic uncertainty and market volatility
• Climate change
• Cybersecurity threats
• Data privacy regulations
• Talent gap in cybersecurity

Mitigation Strategies

• Disciplined risk management
• Investment in cybersecurity programs and resources
• Development of a sustainable privacy program
• Partnerships with schools and nonprofits to address cybersecurity talent gap
• Implementation of environmental sustainability projects and updated reduction targets

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Increased spending with diverse suppliers to 25% of total spend

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Investment in renewable energy projects

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN SDGs

Certifications: ENERGY STAR

Third-party Assurance: Energent Solutions (for GHG reporting)

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 8: Decent Work and Economic Growth
• Goal 10: Reduced Inequalities
• Goal 11: Sustainable Cities and Communities
• Goal 13: Climate Action

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Newsweek 2020 Most Responsible Companies
• Forbes Best Employers for Diversity and Women

Environmental Metrics

ESG Focus Areas

• Economic Impact
• Governance
• Social Equity
• Environmental Sustainability

Environmental Achievements

• 31% reduction in greenhouse gas emissions (vs. 2017 baseline)
• 14% reduction in water consumption (vs. 2017 baseline)
• 37% reduction in landfill waste (vs. 2017 baseline)
• 49% reduction in paper printing (vs. 2017 baseline)
• 1,331,892 kWh of on-site solar generation

Social Achievements

• Launched Social Equity Colleague Plan focusing on culture & inclusion, development, and talent experience
• Completed a five-year, $16.1 billion community development plan ahead of schedule and committed to a new five-year, $20 billion plan
• Assisted 3,596 families in mortgage distress through the Home Savers Program
• 99% average base pay for women and racially diverse colleagues compared to their counterparts
• 70% internal and 62% external hiring diversity

Governance Achievements

• Elevated diversity, equity, and inclusion; environmental sustainability; and cybersecurity functions to senior leadership
• Consolidated Cybersecurity, Fraud, Physical Security, and related First Line Risk into one organization
• First disclosure aligned with SASB standards for Commercial Banks and Consumer Finance
• Second disclosure aligned with TCFD recommendations

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on operations and stakeholders
• Social inequity and racial injustice
• Climate change
• Cybersecurity threats and data breaches

Mitigation Strategies

• Implemented COVID-19 response initiatives for colleagues, customers, and communities (PPP loans, forbearance relief, etc.)
• Issued a public statement denouncing systemic racism and committed to change
• Established a renewable energy goal of 50% renewable electricity by 2035
• Restructured corporate security functions, consolidating cybersecurity, fraud, and physical security

Supply Chain Management

Responsible Procurement

• Service Provider Code of Conduct
• Increased spend with diverse suppliers (27%)

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events
• Damage to facilities

Transition Risks

• New fuel and energy taxes and regulations
• Regulatory uncertainty

Opportunities

• Energy efficiency projects
• Renewable energy investments

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: ENERGY STAR

Third-party Assurance: Heapy Engineering (GHG emissions)

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 8: Decent Work and Economic Growth
• Goal 10: Reduced Inequalities
• Goal 11: Sustainable Cities and Communities
• Goal 13: Climate Action

Huntington's initiatives contribute to these goals through financial education, economic inclusion programs, workforce development, community investment, and climate action strategies.

Sustainable Products & Innovation

• Interface’s Carbon Neutral Floors™ for new retail branches

Awards & Recognition

• America’s Most Responsible Companies 2021 by Newsweek
• Forbes Best Employers for Diversity
• Forbes Best Employers for Women
• Fortune's 100 Best Places to Work for Diversity

Environmental Metrics

ESG Focus Areas

• Economic Impact
• Environmental Sustainability
• Diversity, Equity, and Inclusion
• Governance
• Climate Risk

Environmental Achievements

• Reduced operational emissions by 35% since 2017
• Achieved an A- climate change rating from CDP

Social Achievements

• Increased minimum wage to $19 per hour
• Expanded medical benefits to include autism therapy and family-building services
• 68% of total workforce was gender or racially/ethnically diverse
• 45% of Middle and Executive Management roles were gender or racially/ethnically diverse

Governance Achievements

• Renamed Nominating & Corporate Governance Committee to Nominating & ESG Committee
• Renamed Compensation Committee to Human Resources & Compensation Committee
• Expanded ESG governance structure to include an enterprisewide ESG Strategy Team and Climate Risk Management Working Group
• 47% of Board members are diverse (gender and racial/ethnic)

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic
• Climate change and its impact on operations and credit risk
• Maintaining pay equity across diverse groups

Mitigation Strategies

• Developed alternative sourcing strategies
• Appointed a Climate Risk Director and Environmental Strategy & Sustainability Director
• Established a climate risk governance and reporting structure
• Implemented pay analyses and training to address implicit bias in compensation

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Service Provider Code of Conduct
• Supplier Emissions Engagement Questionnaire

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events

Transition Risks

• Regulatory changes
• Market shifts
• Increased utility costs

Opportunities

• Renewable energy financing
• Energy efficiency improvements

Reporting Standards

Frameworks Used: SASB, TCFD, GRI

Certifications: ENERGY STAR

Third-party Assurance: Heapy Engineering (GHG emissions)

UN Sustainable Development Goals

• No Poverty
• Decent Work and Economic Growth
• Reduced Inequalities
• Sustainable Cities and Communities
• Climate Action

Not disclosed

Sustainable Products & Innovation

• Standby Cash
• Early Pay

Awards & Recognition

• America’s Most Responsible Companies 2022 by Newsweek
• J.D. Power highest regionally in the 2022 U.S. Banking Mobile App Satisfaction Study
• Greenwich Excellence Awards
• Best Places to Work for LGBTQ Equality
• Top 50 ranking on Training magazine’s 2022 Training APEX Awards list
• Forbes America’s Best Large Employers 2022
• Forbes America’s Best Employers for Diversity
• Forbes Best Employers for Women
• Forbes Best Employers for New Grads
• Forbes America’s Best In State Employers
• Best Governance around a Corporate Transaction by Corporate Secretary magazine
• Great Place to Work® Certified
• 100% score on the Disability Equality Index
• DiversityInc Top Regional Companies 2021
• Leading Disability Employer 2021 by The National Organization on Disability

Environmental Metrics

ESG Focus Areas

• Climate change
• Environmental Sustainability
• Governance
• Renewable Energy

Environmental Achievements

• Achieved 2017 environmental goals (water consumption reduction, landfill waste reduction, office paper printing reduction)
• Completed initial calculation of Scope 3 financed emissions using PCAF methodology
• Completed 103 interior and exterior LED lighting projects

Social Achievements

• Not disclosed

Governance Achievements

• Published Environmental Policy Statement (2018), Climate Risk Policy Statement (2020), and internal Climate Risk Policy (2022)
• Established Board oversight of climate-related risks and opportunities
• Established a Climate Risk Working Group to develop a Climate Risk Framework (2020)

Climate Goals & Targets

Environmental Challenges

• Rising energy costs
• Potential changes to taxes, legislation and regulation, and rate structures
• Proposed SEC climate-related disclosure rule
• Data variation across model providers
• Understanding and projecting trends relating to carbon-intensive sector exposures

Mitigation Strategies

• Monitoring the energy procurement market
• Exploring on-site generation and peak shaving methods for energy consumption
• Installing LED lighting and high-efficiency HVAC systems
• Monitoring the SEC rule proposal to prepare for compliance
• Developing tools to identify potential physical risks and transition risks in the credit decisioning process
• Disclosing total emissions from vehicle finance portfolio
• Developing and operationalizing climate-related credit risk underwriting policy

Supply Chain Management

Supplier Audits: Annual risk assessments for high-risk suppliers and assessments every three years for moderate-risk suppliers

Responsible Procurement

• Supplier Emissions Engagement Questionnaire

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (hurricanes, blizzards, floods, droughts)
• Physical damage to Huntington’s facilities
• Impact on colleagues’ work schedules and health

Transition Risks

• Rising energy costs
• Changes to taxes, legislation, regulation, and rate structures
• Emerging regulations (e.g., SEC climate-related disclosure rule)
• Falling behind in adopting emerging technologies

Opportunities

• Growth in Renewable Energy Finance (REF) group
• Expanding REF offerings to meet evolving customer needs
• Financing renewable energy, EV charging stations, micro-grid, and battery storage projects

Reporting Standards

Frameworks Used: TCFD, UN SDGs, PCAF

Certifications: ISO 14064-3

Third-party Assurance: Third-party assurance of GHG emissions data

UN Sustainable Development Goals

• #3 Good Health and Well-Being
• #10 Reduced Inequalities
• #11 Sustainable Cities and Communities
• #13 Climate Action

Environmental sustainability targets and efforts to promote environmental equity

Sustainable Products & Innovation

• Renewable Energy Finance (REF) products and services

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• environmental goals
• climate change
• diversity, equity, and inclusion (DEI)
• community investment
• economic justice

Environmental Achievements

• Achieved $100 million Lift Local lending goal two years early
• Established new Scope 1 and Scope 2 emissions reductions goals
• Established new water consumption and landfill waste goals
• Made progress in achieving 50% renewable energy goal

Social Achievements

• Published seventh annual ESG report
• Huntington named one of America’s Most JUST Companies for the second consecutive year
• Huntington named one of Newsweek’s America’s Most Responsible Companies for the fifth consecutive year
• Huntington named one of Forbes’ Best Large Employers
• Huntington internship program ranked number one in financial services by Vault
• Colleagues provided almost 36,000 volunteer hours to over 1,300 organizations
• Colleagues completed more than 500,000 training hours

Governance Achievements

• Board of Directors and Executive Leadership Team are 47% and 57% diverse, respectively
• Completed realignment of business segments

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Inflationary pressures
• Industry competition
• Economic uncertainty
• Geopolitical instability
• Cybersecurity threats
• Climate change (physical and transition risks)
• Regulatory changes

Mitigation Strategies

• Strong balance sheet
• Disciplined risk management
• Targeted hiring
• Investment in technology and new revenue streams
• Comprehensive information security program
• Formal climate risk program
• ESG Strategy Team
• Ongoing monitoring and augmentation of compliance programs

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Wildfires
• Extreme heat
• Sea level rise
• Drought

Transition Risks

• Changes in consumer preferences
• Regulatory requirements
• Taxes

Reporting Standards

Frameworks Used: TCFD

Awards & Recognition

• America’s Most JUST Companies
• Newsweek’s America’s Most Responsible Companies
• Forbes’ Best Large Employers