Climate Change Data

1st Source Corporation

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

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 Investment
  • Renewable Energy

Environmental Achievements

  • Partnership investment gains on sale of renewable energy tax equity investments of $2.24 million

Social Achievements

  • U.S. Small Business Administration (SBA), Indiana District, recognized 1st Source Bank with a Gold Level Award in the Community Lender category for the tenth consecutive year

Governance Achievements

  • Two promotions with an eye on the future of our organization. Andrea G. Short became CEO of 1st Source Bank and Kevin C. Murphy was named Chief Digital Officer.

Climate Goals & Targets

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

Environmental Challenges

  • Demand for mortgages has continued to decline with steep increases in interest rates that drove a precipitous decline in market activity.
  • Demand for operating leases continues to decline
  • Lower market valuations of assets under management
  • Anticipate pressure on our net interest margin as we move forward into 2023.
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

  • Gold Level Award in the Community Lender category from the U.S. Small Business Administration (SBA), Indiana District