Climate Change Data

Environmental Metrics

ESG Focus Areas

• Community Development
• Diversity, Equity & Inclusion
• Environmental Sustainability
• Governance
• Employee Well-being

Environmental Achievements

• Reduced portfolio square foot utilization by 122,144 square feet in 2021.
• $75,000 in energy cost savings in 2021 through LED lighting and HVAC upgrades.
• Scheduled installation of solar panels at Mount Laurel, NJ headquarters for completion in spring 2022.

Social Achievements

• 40,950 employee volunteer hours.
• $11.7 million in charitable contributions and donations.
• 7,239 residential mortgage loans totaling $1.1B from 2014 to 2021, helping families achieve homeownership.
• Various partnerships with organizations for workforce development, financial literacy, and community support.

Governance Achievements

• Established a Corporate Social Responsibility (CSR) Leadership Committee in 2021.
• Added ESG strategy and CSR reporting oversight to the Nominating and Corporate Governance (NCG) Committee charter.
• Implemented an anonymous EthicsPoint hotline for reporting legal or ethical violations.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic related supply chain disruptions and workplace safety challenges.
• Need to further develop and coordinate the ESG framework and strategy.

Mitigation Strategies

• Implemented plexiglass barriers, social distancing, virtual interactions, and expanded digital tools to protect customers and employees during the pandemic.
• Developed robust job aids to support managers and employees in transitioning to remote working.
• Established a CSR Leadership Committee to develop and coordinate the ESG framework and strategy.

Supply Chain Management

Responsible Procurement

• Centralized Strategic Sourcing and Procurement organization to include sustainability and social responsibility in third-party supplier activities.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change
• Affordable Housing and Homeownership
• Job Training and Workforce Development
• Financial Education and Economic Empowerment
• Diversity, Equity and Inclusion
• Responsible Consumption and Production
• Peace, Justice and Strong Institutions

Environmental Achievements

• Developed the Climate Impact Working Group to understand climate-related impact and opportunities.
• Financed its largest solar installation to date, providing 6,322 MWh of power annually to the Rock Lititz Campus.

Social Achievements

• Surpassed $8 million in cumulative Closing Cost Assistance Program grants from 2016 to 2022 (on track to surpass $1 billion in loans in 2023).
• Provided $6.6 million in charitable contributions and volunteered over 13,500 hours.
• Launched CashPlease®, a small dollar, short-term loan product.
• Introduced Xpress Account, a checkless account for underserved communities.
• Invested $1 million in Innovate Capital Growth Fund, LP to provide equity capital to minority- and women-owned businesses.
• Provided a $2 million contribution to the Fulton Forward® Foundation to support nonprofit community organizations in Philadelphia.

Governance Achievements

• Strong governance systems in place with a diverse and engaged Board.
• Annual ethics and compliance training for all employees, including anti-corruption and anti-bribery training.
• Maintained a Community Reinvestment Act (CRA) Lending Rating of “Outstanding”.

Climate Goals & Targets

Environmental Challenges

• Affordability issues due to home price appreciation impacting mortgage lending.

Mitigation Strategies

• Periodic review of products and introduction of new programs to reach underserved communities more effectively.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB Standards for commercial banks, UN SDGs

UN Sustainable Development Goals

• SDG 1: No Poverty
• SDG 4: Quality Education
• SDG 5: Gender Equality
• SDG 8: Decent Work and Economic Growth
• SDG 12: Responsible Consumption and Production
• SDG 16: Peace, Justice and Strong Institutions

Fulton's initiatives contribute to these goals through various programs and partnerships focused on community development, financial inclusion, workforce development, and ethical governance.

Awards & Recognition

• 2022 Friendliest Place to Bank (LancasterOnline Readers’ Choice Awards)
• 2022 No. 1 Bank/Credit Union (Lancaster County Magazine Best of Lancaster)

Environmental Metrics

ESG Focus Areas

• Governance
• Employees
• Customers
• Community
• Environment

Environmental Achievements

• Reduced average pages printed by 54% since 2015
• More than 2.5 million eStatements no longer printed annually
• ATM replacement project reduced carbon footprint by 10-20%
• 17.7% waste diversion rate in Q4 2023

Social Achievements

• Introduced Diverse Business Banking, training over 250 bankers as Diverse Business Advocates
• Provided over $3.3 million in charitable contributions, including $880,000 to Fulton Forward Foundation
• Employees volunteered more than 12,800 hours
• Awarded scholarships to students
• Offered financial literacy programs
• Provided $2.45 million in Closing Cost Assistance Program grants (2022-2023)
• Provided $133 million in loans to low- and moderate-income homebuyers through Operation HOPE (2022-2023)

Governance Achievements

• Adopted a Human Rights Statement and Supplier Code of Conduct
• Implemented a Mandatory Recovery of Compensation Policy in response to SEC ruling
• Reduced or eliminated consumer banking fees (overdraft, return deposit, account-to-account)

Climate Goals & Targets

Environmental Challenges

• Climate-related physical risks (extreme weather, flooding)
• Climate-related transition risks (regulatory changes, market shifts)
• Potential climate-related impacts on loan portfolio

Mitigation Strategies

• Business continuity plans to address weather events
• Compliance with Flood Disaster Protection Act
• Incorporation of environmental compliance in commercial real estate lending
• Ongoing examination of broader climate-related risks in commercial credit underwriting

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct focusing on integrity, transparency, governance, diversity, sustainability and social responsibility

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Flooding

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services (solar financing)

Reporting Standards

Frameworks Used: SASB

UN Sustainable Development Goals

• SDG 1: No Poverty
• SDG 4: Quality Education
• SDG 5: Gender Equality
• SDG 8: Decent Work & Economic Growth
• SDG 12: Responsible Consumption & Production
• SDG 16: Peace, Justice & Strong Institutions

Fulton's initiatives align with these SDGs through various programs and commitments to serving low- and moderate-income individuals, providing educational opportunities, promoting gender equality, supporting economic growth, practicing environmental stewardship, and promoting ethical governance.

Sustainable Products & Innovation

• Xpress Account
• CashPlease
• Solar financing options

Awards & Recognition

• Bank On certification for Xpress Account
• American Bankers Association Foundation Community Commitment Award
• Employer Support of the Guard & Reserve (ESGR) Above & Beyond Award
• Empowering Women Award