Amerant Bancorp Inc.

Climate Impact & Sustainability Data (2022, 2023)

Launched the "I Belong" Diversity, Equity and Inclusion program with defined strategic roadmap, pillars, and goals.
Expanded partnerships with sports teams in South Florida to improve brand awareness and community engagement.

Long-term Goals:

Medium-term Goals:

Meeting environmental, social, and governance goals subject to risks outside of the company's control.
Attracting and retaining key personnel in a competitive market.
Managing risks associated with the replacement of LIBOR as a reference rate.
Exposure to cybersecurity threats and potential security breaches.
Managing risks associated with subleasing portions of the corporate headquarters building.
Competing effectively in a highly competitive market.
Maintaining effective internal control over financial reporting.
Managing risks associated with the outbreak and spread of contagious diseases such as COVID-19.
Managing risks associated with economic conditions and financial market conditions.
Complying with extensive regulations that could limit activities and affect earnings.
Managing risks associated with litigation and regulatory investigations.
Meeting capital adequacy and liquidity standards.
Managing risks associated with increases in FDIC deposit insurance premiums and assessments.
Managing risks associated with noncompliance with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
Managing risks associated with failures to comply with fair lending laws, CFPB regulations, or the Community Reinvestment Act.
Managing risks associated with the issuance of additional equity securities.
Managing risks associated with indebtedness and the ability to generate sufficient cash to service debt.

Implementing a comprehensive risk management framework to identify, mitigate, and control risks.
Developing and implementing a CRE concentration risk management program.
Implementing a LIBOR cessation project to identify and quantify LIBOR exposure and migrate to SOFR.
Establishing an enterprise-wide Information Security Program to protect data and systems.
Actively managing the subleasing of portions of the corporate headquarters building and assessing the financial condition of subtenants.
Implementing a strategic plan focused on profitable growth, cross-selling, core deposit generation, and operational efficiencies.
Periodically testing and updating internal control systems.
Modifying business practices to address the impact of the COVID-19 pandemic.
Proactively monitoring credit quality practices and responding to patterns or trends.
Maintaining an "outstanding" CRA rating.
Implementing anti-money laundering and OFAC compliance programs.
Implementing a total rewards program to attract, retain, and motivate talent.
Implementing a new business organizational model to create additional accountability and focus.

Base-lining scope 1 and 2 carbon emissions, defining long-term carbon emission targets and purchasing greenhouse gas emission offsets to reach carbon neutrality in 2022 and pre-purchasing carbon emission offsets to cover our calculated baseline scope 1 and 2 carbon emissions for 2023 through 2025
Implementing data management tools in our loan and core systems to code and monitor for Environmentally Conscious Financing (“ECF”)
Establishing a partnership with the Everglades Foundation in South Florida
Transitioning to the use of ocean-bound plastic for all Amerant plastic cards
Sponsoring the “Dream in Green” program - the Green Schools Challenge
Sponsoring the “Freebee” transportation service in Key Biscayne, FL

Hosting various Internship Programs in partnership with local colleges and universities in South Florida
Launching Amerant’s Down-payment Assistance Program (“ADAP”) for first-time home buyers
Performing team member engagement survey and internal fair pay gap assessment based on gender
Launching “Top Women Performers” Program and mandatory online education course on unconscious bias for all team members

Increasing women and minority representation in our Board of Directors
Integrating sustainability factors into our procurement and third-party, strategic and reputational risk frameworks

Medium-term Goals:

Risks related to achieving environmental, social, and governance goals are subject to risks, many of which are outside of our control, and our reputation could be harmed if we fail to meet such goals.

Evolved ESG program to Sustainability Program named “Impact” to reflect the scope of our ultimate goal.