Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• The COVID-19 pandemic disrupted the US economy, impacting loan and deposit demand, and potentially decreasing the value of the investment portfolio.
• Declines in oil prices could negatively affect the financial results of industrial and energy sector-based corporate issuers of corporate bonds.
• Risks related to climate change and the transition to renewable energy, including physical risks, transition risks, and regulatory changes.

Mitigation Strategies

• The Bank continued to support customers during the pandemic, originating PPP loans and working with borrowers requesting loan payment deferrals.
• The Company monitors the creditworthiness of issuers and securitized assets in its investment portfolio.
• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes, market shifts

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

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Climate change and the transition to renewable energy and a net zero emissions economy pose operational, commercial and regulatory risks.
• Extreme weather events could also impact the activities of its customers or third-party vendors.
• The physical commodities and assets underlying some of its markets or investments may also be impacted by climate change.

Mitigation Strategies

• Our risk management practices incorporate the challenges brought about by climate change.
• Our principal electricity supplier reports a Power Content Label of 100% greenhouse gas free using the California Energy Commission’s methodology.
• Our principal information technology vendor’s goal is to achieve 100 percent carbon neutrality for Scope 1 and 2 greenhouse gas emissions by 2025.
• The Company and its critical vendors maintain property and casualty insurance, and maintain and regularly test disaster recovery plans, which include redundant operational locations and power sources.
• The Company’s operations do not use a significant amount of water in producing our products and services.
• The Company monitors the climate risks of our loan customers. Borrowers with real estate loan collateral located in flood zones must carry flood insurance under the loans’ terms.
• Management continuously monitors these customers’ access to adequate water sources as well as their ability to sustain low crop yields without encountering financial hardship.
• The Company considers climate risk in its underwriting of corporate bonds, and avoids purchasing bonds of issuers, which, in Management’s judgment, have elevated climate risk.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• flooding
• windstorms
• rising sea levels
• sustained higher temperatures
• drought
• increased wildfires

Transition Risks

• market demand
• policy and law changes
• changes to consumer and institutional preferences for energy consumption, and other products and services