Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and its economic impact
• High unemployment
• Trade tensions with China
• Upcoming presidential election
• Dislocations in financial markets
• Potential for higher taxes
• Elevated market valuations
• Lack of market breadth in equity markets
• Anti-trust concerns regarding large tech companies
• Uncertainty regarding COVID-19 resurgence
• Potential for increased permanent layoffs
• Uncertainty about consumer and business confidence
• High federal debt levels
• Potential for inflation

Mitigation Strategies

• Massive fiscal stimulus (CARES Act)
• Accommodative monetary policy by the Federal Reserve
• Government support for businesses and consumers
• Federal Reserve's support for credit markets
• Monitoring high-frequency economic indicators
• Maintaining a trading range for the S&P 500

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Diversity & Inclusion
• Community Impact
• Sustainable Business Practices
• Corporate Governance

Environmental Achievements

• All UMB-owned buildings and 4 leased locations use automated systems to conserve energy, meeting our goal to have all converted by year-end 2023. Exterior lighting upgrades saved 920k Kilowatt hours during the year. More than 172k Kilowatt hours generated from solar panels. 2023 recycling efforts produced more than 17k pounds of comingled recycling, 7k pounds of cardboard and 443 pounds of recycled batteries. Beehives housed at a Denver branch support the local honeybee population, with a peak of 270k resident bees. Since installation, we’ve harvested 330 pounds of edible honey.

Social Achievements

• UMB provided more than $8.3 million in grants and closing costs to first-time homebuyers across the bank’s footprint. We delivered more than 344 community engagement activities and held 127 financial education classes, serving more than 1,400 community participants. More than 1,000 associates participated in our matching gift program; combined with workplace giving, associated giving totaled nearly $650k. Associates receive 16 hours of paid Volunteer Time Off annually. 697 participants logged nearly 7,700 hours of volunteer time in 2023, supporting 303 unique charities. In 2023, 36% of all UMB hires were people of color, 54% were women and 3% were veterans.

Governance Achievements

• 11-person board of directors, with 10 independent members, a lead independent director, and 100% independence on board committees. 36% board diversity. Eight Business Resource Groups (BRGs) help us understand the needs of our associates, customers and communities and turn empathy into action. Deliberate selection criteria which includes diversity standards in the board nomination process. Robust risk oversight with distinct risk management committees: enterprise risk, asset and liability, and credit. Diversity among executive leadership team – 50%; 7 of 14 members. Board oversight of the executive ESG Committee

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed