Webster Financial Corp 2021 SR
The report highlights Webster Financial Corporation's 2021 ESG progress, including doubling commercial lending for renewable energy projects to $360 million and initiating a climate credit risk framework. It details the company's cloud migration, which achieved a 75% reduction in IT space and power consumption. Socially, the bank funded over one million meals and supported women-owned businesses through the WBDC Equity Grant Match program. Governance highlights include a board where 40% of directors are women and the successful merger of equals with Sterling Bancorp.
Company: Webster Financial Corp
Sector: Financials
Country: United States
Year: 2021
Type: SR
Pages: 31
Webster Financial Corp
ESG Report
The report highlights Webster Financial Corporation's 2021 ESG progress, including doubling commercial lending for renewable energy projects to $360 million and initiating a climate credit risk framework. It details the company's cloud migration, which achieved a 75% reduction in IT space and power consumption. Socially, the bank funded over one million meals and supported women-owned businesses through the WBDC Equity Grant Match program. Governance highlights include a board where 40% of directors are women and the successful merger of equals with Sterling Bancorp.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board