Zions Bancorporation, N.A.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:21,305 MT CO2e
Scope 1 Emissions:1,689 MT CO2e
Scope 2 Emissions:16,106 MT CO2e
Scope 3 Emissions:3,510 MT CO2e
Renewable Energy Share:75% (Technology Center)
ESG Focus Areas
- Community Investment
- Diversity, Equity, and Inclusion
- Environmental Sustainability
- Ethical Practices
- Responsible Lending
Environmental Achievements
- LEED Platinum-certified technology and operations campus with 75% on-site solar energy.
- Reduced electricity consumption by 13% since 2014.
- 100% renewable energy backup data facility.
- Paperless Paycheck Protection Program loan and forgiveness process saving approximately two million sheets of paper.
- Transitioned to digital mortgage applications, saving over five million sheets of paper per year.
Social Achievements
- Small Business Diversity Banking Program approved $515 million in loans to women-, minority-, veteran- and LGBTQ-owned businesses.
- Ranked second leading bank in the U.S. for SBA 504 loan volume.
- Outstanding rating from regulators for Community Reinvestment Act performance.
- 62,967 hours of employee volunteer service in 2023.
- Various initiatives to promote diversity, equity, and inclusion within the workforce.
Governance Achievements
- 81% independent directors on the board.
- Strong corporate governance guidelines and policies.
- Robust data security and customer privacy measures.
- Three lines of defense model for compliance.
- Risk Management Framework overseen by the board.
Climate Goals & Targets
Environmental Challenges
- Maintaining data security in an evolving threat environment.
- Ensuring fair access to financial services for underserved communities.
- Managing climate-related risks.
Mitigation Strategies
- Robust cybersecurity program and regular independent assessments.
- Small Business Diversity Banking Program and other initiatives to expand access to capital.
- Climate risk management framework and incorporation of ESG factors in credit analysis.
Supply Chain Management
Responsible Procurement
- Supplier Diversity Program
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB
Certifications: LEED Platinum
Awards & Recognition
- Green Business Award from Utah Business magazine
- CoStar Impact Award for Vectra Bank Colorado Corporate Center
- Champions for Clean Air Campaign Awards for National Bank of Arizona