THE SITUATION
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $175 billion asset regional bank holding company headquartered in Columbus, Ohio. The company approaches ESG with a purpose-focused strategy that leverages its economic impact and addresses environmental, social and governance (ESG) topics that have been identified as important to the company and its stakeholders.
THE STRATEGY & SOLUTION
Dix & Eaton’s role in the report included strategic counsel, writing and editing, graphic design and project management services. Through the report, we helped the company demonstrate its long-term commitment to be a catalyst for progress on economic and environmental sustainability and social equity. We included extensive data summaries, infographics, charts and sidebars to enable Huntington to tell a complete story in a compelling and clear manner. The 2020 report also included the company’s first Sustainability Accounting Standards Board (SASB) index and second annual Task Force on Climate-related Financial Disclosures (TCFD) disclosure.
The 2020 ESG report, published in August 2021, represents the third straight year of partnership between Dix & Eaton and Huntington to complete this project.
THE RESULTS
The 2020 ESG report is the company’s most comprehensive report ever, providing in-depth updates and performance data in four key areas:
- Investing in communities and driving economic impact, including completing its $16.1 billion community development plan a year ahead of schedule and announcing a new $40 billion Community Plan
- Helping small businesses thrive, including funding tens of thousands of loans to small- and medium-sized businesses under the federal Paycheck Protection Program
- Building a diverse workforce and governance structure, including 38% board diversity and 66% total workforce diversity
- Promoting environmental stewardship, including establishing a renewable energy goal and a climate risk governance and reporting structure
The Huntington ESG report highlighted how, in the face of multiple challenges throughout 2020, the company was able to lead through action and to prove once again that it is good business to do good. Click here to read the report.
