- Banner Bank releases its 2024 Corporate Responsibility Report, highlighting long-term value creation.
- Focus on climate impact, employee engagement, and strong governance structure.
- Utilizes SASB standards for financial sector disclosures and includes GRI disclosures.
Banner Corporation (BANR, Financial) has published its 2024 Corporate Responsibility Report, emphasizing the bank’s commitment to creating long-term value and addressing the needs of its stakeholders. The report details efforts in environmental risk management, social responsibility, and governance, showcasing Banner Bank's dedication to sustainable business practices.
A key focus of the report is the bank's enhanced understanding of its climate impact and the integration of climate risk into its broader risk management framework. This strategic move is essential for making responsible long-term business decisions and maintaining the bank's trust within its communities.
The report also highlights new methods of employee engagement, including a leadership development program aimed at fostering internal mobility and career advancement. This initiative has resulted in a highly engaged workforce with low voluntary turnover rates.
Additionally, Banner Bank is committed to financing projects that combat housing insecurity and provide crucial capital to businesses, fostering economic growth within local and regional economies. As a $16.2 billion bank holding company, Banner operates in four Western states and offers a wide range of financial services.
The report includes sustainability disclosures prepared using the Sustainability Accounting Standards Board (SASB) standards, which are most relevant to the financial sector, alongside Global Reporting Initiative (GRI) disclosures. Mark Grescovich, President, and CEO of Banner Corporation, emphasized that the achievements outlined in the report demonstrate that responsible business practices create long-term stakeholder value.
For more details, the full report can be accessed at Banner Bank's website.
