Climate Change Data

Environmental Metrics

ESG Focus Areas

• Education
• Environment
• Community Development
• Employee Well-being

Environmental Achievements

• Recycled 1,221 tons of paper
• Opened eighth eco-friendly branch with photovoltaic panels (70% energy consumption mitigation)
• Saved 3,773,845 kWh of energy
• Reduced CO2 emissions by 2,417,933 pounds

Social Achievements

• Donated $1.8 million to 84 non-profit organizations in Puerto Rico and $458,607 to 46 in the US
• Employee voluntary contributions totaled $584,764 in Puerto Rico and $148,952 in the US
• 3,000 employees participated in 135 community projects in Puerto Rico and 373 in 194 projects in the US
• Popular 5K race raised $50,000 for charity
• Implemented financial literacy programs reaching 28,594 people
• Supported 600 micro-entrepreneur accounts through Grameen Bank donation
• Increased minimum wage to $9/hour for 2,400 employees in Puerto Rico

Governance Achievements

• Not disclosed

Climate Goals & Targets

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: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Bank of the Year in Puerto Rico ("The Banker" magazine)
• Best Consumer Bank in Internet Banking ("Global Finance" magazine)
• Best Bank in Social Media ("Global Finance" magazine)
• Best Financial Literacy Program in the US and Puerto Rico (American Bankers Association, for "Finanzas en tus Manos")
• George Bailey Distinguished Award of the American Bankers Association (Kurt Schindler)

Environmental Metrics

ESG Focus Areas

• Education
• Economic Development
• Community Development
• Employee Well-being
• Environmental Sustainability

Environmental Achievements

• Recycled 1,318 tons of paper
• Replaced more than 1,600 lamps with LED lights
• Installed more than 1,900 photovoltaic panels
• Installed an 80-ton variable refrigerant flow system (30% more efficient)
• Replaced four 40 Hp hydraulic elevators with 10 Hp regenerative engines

Social Achievements

• Invested $1.8 million in 90 non-profit organizations focused on education and economic development
• Awarded $125,000 in scholarships to 100 students
• Donated 150 instruments to 20 public schools and non-profit organizations
• Offered 661 presentations and financial education workshops impacting 34,309 people
• Increased hourly rate for qualifying employees to $10, benefiting 1,543 employees
• Increased employer contribution to Savings & Investments Plan, with 98% employee participation in Puerto Rico and 97% in the US

Governance Achievements

• Board of Directors approved a new Diversity Policy
• Appointed a Corporate Diversity Officer

Climate Goals & Targets

Environmental Challenges

• Puerto Rico's economic and fiscal crisis, including high unemployment and migration

Mitigation Strategies

• Supporting initiatives to improve quality of life and achieve social transformation through collaboration with entities and communities

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• American Bankers Association (ABA) Community Commitment Award
• Corporate Social Responsibility Leadership Award
• 2020 Women on Boards, ‘W’ Company of the Year

Environmental Metrics

ESG Focus Areas

• Community Development
• Education
• Diversity & Inclusion
• Employee Well-being
• Environmental Sustainability

Environmental Achievements

• Recycled 1,566 tons of paper, avoiding 2,267,801 lbs of CO2 emissions (equivalent to 219 cars off the road per year)
• Saved 3,539,523 kWh of electricity (equivalent to 9,396 years of energy demand for a laptop computer)
• Saved 43,000 gallons of water
• Preserved 26,280 trees
• Conserved 7,830 cubic yards of landfill space
• Recycled 6,597 units of electronic equipment totaling 56,869 pounds

Social Achievements

• Inaugurated the Popular Children’s House, a Montessori preschool for employees’ children and community members
• Implemented a new community work license allowing employees a paid day for volunteer work
• Appointed a corporate diversity officer
• Granted 233 scholarships totaling $323,100 through the Rafael Carrión Jr. Scholarship Fund
• Provided emergency fund assistance to three employees totaling $12,000
• Invested $1.6 million in 71 education projects
• Supported nine self-management or business development projects with an investment of $309,000
• Supported 32 organizations in the US mainland through Popular Community Bank Foundation with $322,368

Governance Achievements

• Established a Diversity and Inclusion Council
• Developed guidelines for supplier management to reinforce diversity in contracting
• Implemented action plans to achieve greater pay equality among employees

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Guidelines for supplier management to reinforce diversity in contracting

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Independent third party specializing in environmental impact measurement

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• ESG Investments

Climate Goals & Targets

Environmental Challenges

• Reconciling plan fiduciary's duty of loyalty and prudence with nonpecuniary objectives of ESG investment managers.

Mitigation Strategies

• 2021 proposed regulations clarifying that ESG factors may be permissible considerations in risk-return analysis; permitting QDIAs that consider ESG factors; clarifying that investments do not have to be “indistinguishable” to consider collateral benefits/ESG factors.

Supply Chain Management

Supplier Audits: Not disclosed

Climate-Related Risks & Opportunities