Citizens & Northern Bank
Climate Impact & Sustainability Data (2022-04 to 2022-06, 2022-07 to 2022-09, 2024-04-01 to 2024-06-30)
Reporting Period: 2022-04 to 2022-06
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Inflationary pressures
- War in Ukraine
- Recessionary fears
- Supply chain disruptions
- Geopolitical threats to global energy supply
- Covid-related impacts on international economies
Mitigation Strategies
- Maintaining capital expenditure plans
- Continuing hiring
- Adding to US Investment Grade Bonds and High Yield Bonds asset classes
- Maintaining neutral position on International Bonds and Emerging Markets Bonds
- Adding to Natural Resources position
- Reducing EM equities allocation
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-07 to 2022-09
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Persistent inflation (8.3% in US, 10.0% in Europe)
- Threats to energy supply (Russia-Ukraine war, underinvestment in traditional energy)
- Higher energy bills pressuring consumer spending
- Risk of further retrenchment of corporate capital expenditures
- Geopolitical challenges (Russia-Ukraine war, China-Taiwan tensions, Iran and North Korea actions)