Climate Change Data

Simmons First National Corporation

Climate Impact & Sustainability Data (2020, 2021)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Community Investment
  • Environmental Stewardship
  • Employee Well-being
  • Ethical Conduct

Environmental Achievements

  • LED lighting retrofits eliminated more than 1,200 metric tons of carbon dioxide since 2016.
  • Nearly 177,000 pounds of paper were recycled in the first quarter of 2020, equivalent of 1,510 trees saved and 265 cubic yards of landfill space saved.
  • Simmons Bank holds preferred stock investments in The Sentinel Record and Pine Bluff Commercial, supporting the newspaper industry’s move from paper to electronic delivery.

Social Achievements

  • Launched "Banking on Our People" initiative to enhance associate experiences and attract talent.
  • Extended approximately $1 billion in Paycheck Protection Program loans to small businesses.
  • Modified over $3 billion in existing loans to borrowers.
  • Supported communities through donations, cash contributions, and volunteer service (Simmons Service Month: nearly 4,600 volunteering associates, more than $818,000 donated to United Way).
  • Simmons First Foundation funded 55 grants totaling more than $354,000 in support.
  • Mortgage team funded more than $1.3 billion in home loans in 2020, assisting nearly 5,900 borrowers.
  • Trust non-interest income and pre-tax earnings rose 14 percent and 34 percent, respectively, in 2020.

Governance Achievements

  • Ethics and anticorruption training with a robust emphasis on anti-bribery provisions under the Foreign Corrupt Practices Act, as well as education against money laundering and corruption.
  • Multiple avenues available to report concerns (Whistleblower policy, AskHR, Fair Banking groups, External Employment Assistance Program).

Climate Goals & Targets

Environmental Challenges

  • COVID-19 pandemic and its economic impacts on businesses and individuals.
Mitigation Strategies
  • Adjusted operating model to maintain branch presence and enhance digital channels.
  • Substantially increased liquidity position.
  • Continued exiting problematic loans.
  • Expanded disaster recovery processes.
  • Further enhanced IT security infrastructure.
  • Proactive adjustments to operating model to ensure safe and continuous service for customers.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Forbes, Best-in-State Employer for Arkansas
  • Arkansas Business, 40 under 40
  • Arkansas Money & Politics, Most Admired Bank
  • AY Magazine, Best Bank, Best Mortgage Lender
  • Arkansas Money & Politics, Most Powerful Women in Banking
  • Little Rock Soirée, Women to Watch
  • Arkansas Business, Most Influential Leaders
  • Arkansas Business, 20 in Their 20s
  • RMI Business Finance, Platinum Elite Lender
  • St. Louis Small Business Monthly, Best in Business Awards
  • The Daily Post-Athenian, Best of the Best
  • Nashville Business Journal, Top-Five SBA Lenders
  • Humboldt Chronicle, Best Bank
  • Business Network International All-Star Award
  • Fort Worth Inc., 400 Most Influential People
  • Dallas Business Journal, Women in Business
  • Wichita Business Journal, Best Places to Work
  • The Journal Record, Achievers Under 40
  • The Express-Star, Best Loan Company, Best Finance/Investment Company, Best Customer Service, Best Boss and Best Teller

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Environmental Responsibility
  • Diversity and Inclusion
  • Community Engagement

Environmental Achievements

  • LED lighting retrofits eliminated nearly 1,300 metric tons of carbon dioxide since 2016
  • Recycled approximately 637,000 pounds of paper in 2021
  • Recycled more than 1,670 pounds of used K-cups and coffee grounds in 2021
  • Branch optimization strategy eliminated approximately 668 metric tons of carbon dioxide in 2021

Social Achievements

  • Launched Banking on Our People initiative to enhance associate experience and attract talent
  • Established Business Resource Groups (BRGs) to support associates in an inclusive workplace
  • Hosted multiple COVID-19 vaccine clinics for associates
  • Provided Pandemic Pay covering employees who contracted COVID-19
  • Announced a multi-university sponsorship of women’s athletics
  • Contributed over $2 million toward CRA charitable giving between 2018-2021
  • Funded 9,506 small business loans totaling approximately $1 billion in 2021

Governance Achievements

  • Added Julie Stackhouse to the board of directors in March 2021

Climate Goals & Targets

Environmental Challenges

  • Navigating operational challenges associated with the pandemic and the economy
  • Supply chain disruptions (implied)
Mitigation Strategies
  • Implemented precautions to ensure associate health and well-being
  • Returned to office in June 2021
  • Participated in Phase II of the Paycheck Protection Program
  • Resumed M&A activity
  • Implemented branch optimization strategy

Supply Chain Management

Climate-Related Risks & Opportunities