Trustmark Corporation
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Water Consumption:4.23 million gallons saved
Waste Generated:4.23 million pounds of paper shredded
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Held 28 community shredding events, shredding 4.23 million pounds of paper and saving 10,336 trees.
- Invested $629,000 in LED lighting conversion projects, saving 229,800 gallons of oil and enough energy to power 72 average-sized homes for a year.
- Donated 225 items of gently used office furniture and accessories to nonprofits.
- Implemented disaster recovery and business continuity plans ensuring minimal service disruptions during weather events.
Social Achievements
- Created My Choice Day, an additional paid annual holiday for associates to pursue personal interests, including volunteering.
- Partnered with Operation HOPE, providing free financial counseling to over 450 clients and resulting in an average FICO score increase of +17.
- Partnered with Commonwealth National Bank through Project REACh, providing commercial loan participations and advisory services.
- Invested $9 million in Super-Pufft expansion, creating jobs and supporting workforce development in Perry, Florida.
- Invested in low-income housing tax credit funds, creating residential and commercial developments.
- Contributed $1.4 million through the Mississippi Children’s Promise Tax Credit Program.
- Supported Healthcare for the Homeless-Houston financially and through associate volunteerism.
- Supported HopeWorks, helping incarcerated individuals plan for life after release.
- Donated $25,000 to establish an endowed scholarship at Jackson State University.
- Provided free office space to the Children’s Volunteer Health Network, saving the organization $18,000 annually.
Governance Achievements
- 9 of 12 Trustmark directors are independent.
- Adopted formal charters for the board and its committees.
- Established a CEO succession planning process.
- Implemented diversity and inclusion (D&I) training for all associates.
- Created the Emerging Talent Program to foster career development for high-performing associates.
- Established a Diverse Market Team to promote financial equity and access in underserved communities.
Climate Goals & Targets
Environmental Challenges
- Continued challenges related to COVID-19.
- Extreme weather events linked to climate change.
Mitigation Strategies
- Implemented COVID relief initiatives for associates (additional sick days, remote work policies, on-site vaccinations).
- Adopted COVID measures for customers (uninterrupted service, open drive-thrus, robust digital platforms).
- Developed well-defined disaster recovery and business continuity plans to minimize disruptions from weather events.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Hurricanes
- Tornadoes
- Floods
- Ice storms
Awards & Recognition
- Forbes Best-In-State Banks of 2021
- Numerous local awards