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The 2022 ESG report offers a comprehensive look at how the bank is doing business in an environmentally sustainable and socially responsible manner while driving growth and innovation  

Today ��ɫ����Ƶ released its 2022 Environmental, Social and Governance (ESG) Report, which showcases the bank’s commitment to being a responsible corporate citizen to meet the evolving needs of our customers, employees, communities and other stakeholders.

The report covers the bank’s efforts throughout 2022 to advance initiatives, such as:

• Providing $410 million in capital to Black, Indigenous and people of color-owned or -led clients through U.S. Bancorp Impact Finance
• Investing $2.7 billion in renewable energy tax equity
• Contributing $64 million in corporate donations and ��ɫ����Ƶ Foundation grants
• Increasing the minimum hourly wage for its employees in the U.S. to $20
• Receiving an Outstanding rating from the most recent Community Reinvestment Act exam

“Helping people, businesses and communities thrive is an important part of who we are at ��ɫ����Ƶ,” said Andy Cecere, chairman, president and CEO of ��ɫ����Ƶ, in the report. “When we lead with our core values, work to increase equity, access and economic empowerment, and enable a more sustainable world, we are helping to create a prosperous future for us all.”

��ɫ����Ƶ takes an enterprise-wide approach to ESG by engaging its business line; risk and governance; corporate social responsibility; and diversity, equity and inclusion teams to drive progress. Its ESG focus areas include ��ɫ����Ƶ Access Commitment™, the Community Reinvestment Act, U.S. Bancorp Impact Finance and the ��ɫ����Ƶ Foundation – helping the bank stay true to its core values and address complex issues by leveraging expertise across its businesses.

“From our long-term, broad-scope sustainability commitments to the things we do every day to keep people and information safe, we’re powering opportunities for growth and innovation within ��ɫ����Ƶ, our industry and the communities we serve,” said Reba Dominski, senior executive vice president and chief social responsibility officer. “This work helps us evolve our business and have a positive impact on people and the planet.”

The has been informed by external frameworks such as the Sustainability Accounting Standards Board standards and the Global Reporting Initiative reporting standards.