Enterprise Bancorp Inc.
EBTC.US | Other monetary intermediation
Enterprise Bancorp, Inc. operates as the bank holding company for Enterprise Bank & Trust Company that provides banking and financial services to individuals, businesses, non-profit organizations, and government entities in Massachusetts and New Hampshire. It offers various deposit products, includi...Show More
Better Health for All
0
No evidence available to assess Enterprise Bancorp Inc on Better Health for All.
Fair Money & Economic Opportunity
20
The company received 'High Satisfactory' ratings for lending and investment, and an 'Outstanding' rating for service under the Community Reinvestment Act (CRA).
1
No regulatory findings or fines for unfair or discriminatory lending practices were mentioned.
2
Fair Pay & Worker Respect
0
No evidence available to assess Enterprise Bancorp Inc on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
-10
Enterprise Bancorp, Inc. is a financial services company, meaning many KPIs related to physical commodities or manufacturing supply chains are not applicable. The company has a Third Party Code of Conduct and a Vendor Code of Conduct that set expectations for ethical, human rights, and labor standards within its third-party network and vendor relationships.
1
These documents serve as ethical clauses, and the Bancorp's Code of Ethics and Business Conduct also applies to business partners, suppliers, and contractors, requiring compliance with human rights laws.
2
In 2022, 11.1% of the company's addressable spending was with tier one diverse suppliers, an increase from 8.6% in 2021.
3
The combined Tier 1 and Tier 2 spending with diverse suppliers reached $151.1 million in 2022.
4
The company has a 2025 goal to direct 10% of addressable spending to diverse suppliers.
5
Honest & Fair Business
0
No specific, concrete data points were found in the provided article to assess EBTC.US against any of the 'Honest & Fair Business' KPIs.
1
The article explicitly states that no data is available.
2
Kind to Animals
0
No evidence available to assess Enterprise Bancorp Inc on Kind to Animals.
No War, No Weapons
0
No evidence was found in the provided articles to assess Enterprise Bancorp Inc (EBTC.US) against the 'No War, No Weapons' ethical value. pertains to a different entity, a rural bank in the Philippines (www.enterprisebank.ph), and its information is not applicable to EBTC.US.
1
The remaining articles either explicitly state a lack of relevant data or failed to provide content for analysis.
Planet-Friendly Business
0
No evidence available to assess Enterprise Bancorp Inc on Planet-Friendly Business.
Respect for Cultures & Communities
0
No evidence available to assess Enterprise Bancorp Inc on Respect for Cultures & Communities.
Safe & Smart Tech
0
No evidence available to assess Enterprise Bancorp Inc on Safe & Smart Tech.
Zero Waste & Sustainable Products
-30
The company has implemented several waste reduction initiatives. In 2023, the e-statement adoption rate reached 32.3%, leading to substantial paper and envelope savings.
1
Electronic envelopes increased by 211% and digital pages sent by 409% in 2023 compared to 2022.
2
The bank also shreds and recycles approximately 145,000 pounds of paper annually.
3
Furthermore, over 90% of the bank's in-house server environment is virtualized
4
, and electronic application submissions saved an estimated 53,289 pages.
5
For hazardous waste, the bank partners with an ISO 14001-certified company for electronic waste recycling
6
, which is compliant with Massachusetts regulations.
7