FirstBank
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Community Investment
- Human Capital Investment
- Sustainability & Security
- Corporate Governance
Environmental Achievements
- Significant investment in new LEED-certified headquarters with sustainable features (next-generation air quality filtration, touchless features, UV lighting, thermal imaging)
- Company-wide recycling program for paper, cardboard, and plastic
Social Achievements
- Launched First For All Initiative to improve diversity, equity, and inclusion
- Added paid volunteer hours (FirstBank Give More program) for associates to support community organizations
- Implemented changes to medical plan resulting in minimal premium increases for associates
- $10 million long-term investment to The Housing Fund’s Shared Equity Program to promote affordable homeownership
- 22% of jobs filled through internal mobility, including 141 promotions
- 93% retention rate of first-year hires
Governance Achievements
- 83% of directors are independent (per NYSE standards)
- Independent Audit, Compensation, and Nominating and Corporate Governance Committees
- Clawback policy for short- and long-term incentive plans
- Annual information security updates to the board
- Adherence to NIST guidelines and use of ABA Cyber Risk Institute Profile for information security evaluation
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SASB (Commercial Banks, Consumer Finance, and Mortgage Finance standards)
Certifications: LEED (for new headquarters)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Five-Star Superior Rating from BauerFinancial
- Cornerstone RAVE Award in Performance and Career Growth Strategy
- Middle Tennessee’s Top Workplaces (eight consecutive years)
- Best Bank to Work For in America (three consecutive years)
- First place in the CADM Tempo Awards