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