Climate Change Data

Northrim Bank

Climate Impact & Sustainability Data (2020-01 to 2023-05)

Reporting Period: 2020-01 to 2023-05

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Community Development
  • Financial Inclusion
  • Employee Volunteerism

Environmental Achievements

  • Not disclosed

Social Achievements

  • Opened new branches in Nome and Kodiak, expanding services to underserved communities.
  • Donated over $1,000,000 in 2022 to support Alaska organizations focused on community and economic development, strengthening low-income families, and higher education.
  • Employees volunteered over 1,600 hours in 2022.
  • Participated in the SBA's Paycheck Protection Program (PPP), providing over $651.5 million in assistance to over 5,800 businesses.
  • Received the Charles L. Edson Tax Credit Excellence Award for involvement in the Coronado Park II/Qintali View affordable housing project.
  • Established the Michael Martin Youth & Sport Development Endowment Fund with a $100,000 donation to the Nordic Skiing Association of Anchorage.

Governance Achievements

  • Appointed Marilyn F. Romano to its Board of Directors, bringing expertise in strategic external relations, corporate giving, and government affairs.
  • Maintained a satisfactory CRA rating.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Decreased demand for home mortgage transactions due to rising interest rates.
  • Difficulty in providing in-person community development services during the COVID-19 pandemic.
  • Challenges in serving remote and underserved communities in Alaska due to geographic limitations.
Mitigation Strategies
  • Opened new branches to expand access to services in underserved areas.
  • Leveraged technology for alternative delivery systems (online, mobile banking).
  • Established a temporary branch in Nome after a typhoon to provide immediate access to banking services.

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: CRA

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • SBA Alaska Lender of the Year (2020, 2021)
  • SBA Alaska 504 Third Party Lender of the Year (2021)
  • Charles L. Edson Tax Credit Excellence Award