Climate Change Data

Environmental Metrics

ESG Focus Areas

• Community Development
• Diversity & Inclusion
• Governance
• Environmental Risk Management
• Data Security

Environmental Achievements

• Reduced branch square footage since 2015, moving to smaller spaces and keeping new branches to 1,200 square feet or less; use of LED lighting and energy-efficient appliances; encouragement of hybrid vehicles; electric car charging station at headquarters.
• Incorporation of climate change risk assessment in real estate lending and adherence to NYC Local Law 97 (starting 2024) for building emissions standards.

Social Achievements

• Provided 116 CRA-qualified small business loans totaling $46.7 million; originated over $232.7 million in multifamily residential mortgages supporting low- to moderate-income households; $1.7 million in grants to community organizations in 2023; over 3,200 participants in financial literacy initiatives in 2023.
• LEAP program for leadership development and employee advancement; over 30 languages spoken by employees; employee volunteer program (540 hours in 2023).

Governance Achievements

• Strong corporate governance policies; Whistleblower Policy; robust data security and data privacy programs; annual anti-discrimination training; no monetary losses from legal proceedings related to fraud, etc. in 2023; Board diversity (82% independent, 18% ethnically diverse, 18% female).

Climate Goals & Targets

Environmental Challenges

• Climate change risks in underwriting (addressed through risk assessment and environmental due diligence)
• Maintaining data security in a highly regulated environment.

Mitigation Strategies

• ESG risk template for loan assessment; environmental due diligence for real estate lending; robust data security program aligned with NIST, CIS, and ISO 27001 standards; regular audits and training.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB Commercial Banks standard