GlobalData offers a comprehensive analysis of Wintrust, 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 Wintrust’s ESG performance. GlobalData’s company profile on Wintrust 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.
Wintrust, a financial services company, is taking steps to reduce its carbon emissions. Wintrust's latest filings mentioned the keywords 'Climate Change' and 'Emissions' most number of times.
The company is considering transition risks, such as changes in consumer preferences, additional regulatory requirements, and operating costs, and potential reputational damage through its involvement in certain industries known to exacerbate climate change. Wintrust has reduced paper use across its organization by encouraging customers to adopt electronic paperless statements, and it is working to expand recycling programs at its facilities. The company's Rosemont campus utilizes geothermal energy and participates in a demand response program through its local utility.
Between April 2021 and April 2022, clients who invested in the Climate Opportunities portfolio reduced Scope 1 & 2 emissions by over 5,500 tonnes via stock selection and carbon offsets, compared to the S&P 500 Index. The fund moves beyond divestment in fossil fuels to focus on companies working on a diverse set of solutions in green buildings, renewable energy, sustainable agriculture, sustainable water, energy efficiency, and pollution prevention. Wintrust has also created its Environmental, Social and Governance (ESG) Committee to take a deeper look at its current practices, as well as both the risks and opportunities related to climate change.
In 2022, Wintrust's corporate campus had a total energy use of 9,331 MWh and 4,194 metric tons of CO2e GHG emissions. The company has electric vehicle charging stations at its Rosemont, Illinois campus and has reduced its resource consumption by adopting efficient building standards and technologies and pursuing renewable energy solutions where possible. While the company does not always pursue formal certification of green building standards, it aims to meet or exceed those standards in any new construction or renovation.
Wintrust has a powerful role to play in supporting climate-friendly solutions by creating viable investment strategies. Since its founding more than 30 years ago, community outreach has remained a critical ingredient in the company's approach to doing business. Wintrust has won nine Greenwich Excellence Awards and is ranked #1 in Customer Satisfaction with Retail Banking in Illinois.
In conclusion, Wintrust's proactive steps towards reducing carbon emissions demonstrate its dedication to sustainability and responsible business practices. Through initiatives such as paper reduction, recycling programs, and investments in renewable energy, Wintrust is actively addressing climate change while also considering transition risks and embracing sustainable investment strategies.