American Savings Bank

ENVIRONMENTAL, SOCIAL AND GOVERNANCE & CORPORATE SOCIAL RESPONSIBILITY

OUR COMMITMENT TO ENVIRONMENTAL, SOCIAL AND GOVERNANCE

American Savings Bank’s Board of Directors and executive management team believe it’s important for the bank to be a good corporate citizen and make a positive impact in the community. To ensure we are constantly paving the way forward, the Board and the President & CEO have entrusted ASB’s Environmental, Social and Governance (ESG) efforts to the Chief Marketing & Product Officer and Chief Credit Officer. Additionally, our ESG core team, which is comprised of teammates from across the bank, stays on top of industry efforts pertaining to decarbonization, economic health and affordability, secure digitalization, and diversity and inclusion.

WORKING SUSTAINABLY

In 2019, ASB consolidated its five back offices into one and relocated to an 11-story, 373,000 square-foot building located in Oahu’s urban core, downtown Honolulu. This building, known as the ASB Campus, reflects our commitment to promoting environmental conservation in our communities. It serves as a home base for all teammates and is located close to public transportation options including bus lines and Biki Bikeshare zones. The ASB Campus is optimized for sustainability and efficiency through LED lighting and signage, low-flow water fixtures, Dynamic Glass from View and more.

In 2020, the ASB Campus received Hawaii’s first WELL Health-Safety Rating. The rating honors businesses that have established operational policies, safety and maintenance protocols, emergency plans and employee engagement strategies focused on health and safety.

ASB spent much of 2020 and 2021 further consolidating branches for increased efficiency and retrofitting existing branches to mirror the same sustainable technology implemented for the ASB Campus. In 2021, we introduced ASB Digital Centers as a modern and convenient way to bank anytime, anywhere.

 

DEVOTED TO CLEAN ENERGY

ASB's ESG efforts extend far beyond the walls of the Campus, branches and Digital Centers. Between 2020 and 2021, we secured more than $12.2 million in residential clean energy loans. These loans made it possible for local homeowners to install sustainable upgrades which include photovoltaic systems, solar water heaters, solar air conditioning and battery backup and storage. We’ve also financed green projects tied to electric transport, solar energy and storage, and energy farms as a local leader in environmental social governance in financial institutions.

FOCUSED ON CORPORATE SOCIAL RESPONSIBILITY

For decades we’ve focused on long-term growth and the health and success of our community. We believe it’s important to uplift everyone and increase access to financial services to help families and businesses increase their wealth, prepare for life’s challenges and make dreams possible.

Serving Hawaii and its residents are of utmost importance and we have identified the following targets to increase efficiency and resiliency of operations while promoting environmental conservation:

Climate and Environmental Related Efforts

Stability of Our Financial System

Adhering to Society’s Demand for Ethical Business Practices

Positive Employment Culture

Workforce Stability

Monitoring and Mitigating Cyberattacks

GETTING STARTED WITH CLEAN ENERGY FINANCING thumbnail

Getting Started with Clean Energy Financing

More and more homeowners in Hawaii are choosing to go green when powering their homes. Installing solar or other clean energy systems to power your ho...

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Achieve Your Dreams With ASB Financial Education thumbnail

Achieve Your Dreams With ASB Financial Education

We’re committed to helping our customers and the community improve their financial wellness with the launch of the ASB Financial Education program – a...

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American Savings Bank First in State to Achieve WELL Health-Safety Rating thumbnail

American Savings Bank First in State to Achieve WELL Health-Safety Rating

American Savings Bank (ASB) has earned Hawaii’s first-ever WELL Health-Safety Rating – an evidence-based, third-party verified rating for business...

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