GlobalData offers a comprehensive analysis of First Hawaiian, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on First Hawaiian‘s ESG performance. GlobalData’s company profile on First Hawaiian offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
First Hawaiian, a bank based in Hawaii is actively pursuing its sustainability goals of maintaining energy efficient facilities, reducing waste, advancing sustainable transportation, and encouraging employees to participate in ongoing FHB and community-led sustainability initiatives. First Hawaiian's latest filings mentioned the keywords 'Climate Change' and 'Recycling' most number of times.
As part of its underwriting and approval process, the bank ensures that its customers adhere to all applicable zoning and permitting requirements. The bank has also made efforts to reduce its carbon emissions, including a LED retrofit of its First Hawaiian Center, which is projected to save 720,000 kWh and the equivalent of 510 metric tons of carbon dioxide compared to pre-pandemic levels in 2019.
First Hawaiian has taken steps to reduce its carbon emissions, including expanding its recycling efforts to include cardboard, aluminum, and plastic, and eliminating single-use plastics. The bank has partnered with Carbon Lighthouse to improve energy efficiency, which has led to a 12.43% decrease in energy use. First Hawaiian has also invested in sustainable design practices, such as retrofitting existing spaces instead of demolition or relocation, to ensure a long material life cycle. The bank has collected 4,230 pounds of e-waste and offers a bus pass subsidy for all employees, electric vehicle charging stations, and photovoltaic use on branch buildings.
The bank's employees have participated in community care programs, such as the Ala Wai Canal restoration project. In conclusion, First Hawaiian's commitment to emission reduction aligns with its ongoing priority to offset the impacts of climate change and contribute to the sustainability efforts of the communities it serves.