GlobalData offers a comprehensive analysis of Hancock Whitney, 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 Hancock Whitney‘s ESG performance. GlobalData’s company profile on Hancock Whitney 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.
Hancock Whitney is a strong supporter of environmental sustainability and aims to reduce its carbon footprints by measuring its operational greenhouse gas (GHG) emissions. Hancock Whitney's latest filings mentioned the keywords 'Emissions' and 'Recycled' most number of times in relation to 'Climate Change'.
The company in its 2022 Environmental, Social Responsibility and Governance Report, has disclosed its scope 1 and scope 2 emissions, which were calculated using both location-based and market-based methodologies. In 2022, the company emitted 617 metric tons of CO2-e for scope 1 emissions. The scope 2 emissions were reported as 15,057 metric tons of CO2-e for location-based and 15,187 metric tons of CO2-e for market-based. Hancock Whitney's latest filings mentioned the keywords 'Emissions' and ' Recycled' most number of times in relation to 'Climate Change'. To reduce its GHG emissions, Hancock Whitney plans to install electric vehicle charging stations throughout its footprint. The company is also examining how climate-related physical, transition, and regulatory risks may impact its lending and investment activities.
Hancock Whitney has taken steps to reduce its environmental impact, including tracking paper usage and recycling efforts, considering the environmental impact of building and construction, and investing in reforestation programs. The company's enterprise-wide shredding and recycling initiative helped associates recycle over 1.5 million pounds of paper in 2022. Additionally, the company has been working with local utility providers to provide space for the installation of electric vehicle charging stations. Hancock Whitney has also invested $580 million in securities containing green-certified properties.
As the company continues to assess the risks and opportunities presented by climate change, it may establish additional targets in the future. Hancock Whitney is committed to identifying subject-matter experts to be involved in the project and reducing operational risk considerations related to climate-related risks. The company has not identified any significant sensitivity to transition risk in terms of negative rating migration in a disorderly transition scenario to a lower carbon economy.
In conclusion, Hancock Whitney is taking steps to reduce its environmental impact. The company plans to install electric vehicle charging stations throughout its footprint and invest in reforestation programs. As it continues to assess the risks and opportunities presented by climate change, the company may establish additional targets in the future.