Huntington Bancshares Incorporated.
HBAN.US | Other monetary intermediation
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. It provides a wide range of financial services, including commercial banking, consumer banking, mortgage banking, and wealth management services. Its commercial banking services include lending, tr...Show More
Better Health for All
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Huntington provided significant financing for behavioral health facilities, including a $34.8 million construction loan for Highland-Clarksburg Hospital, supporting the expansion of mental health services.
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The company also expanded its specialized healthcare banking services, offering financial solutions to hospitals and senior living facilities, which enhances operational efficiency and indirectly contributes to improved healthcare access and quality.
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An investment in Veuu, a healthcare fintech company, aims to develop AI-based solutions to improve the healthcare revenue cycle, enhancing financial stability for healthcare providers and patient care delivery.
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Furthermore, Huntington's $40 billion Community Plan includes a $24 billion commitment to affordable housing and consumer lending, which is linked to public health outcomes and aims to improve living conditions for vulnerable populations.
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The company's core banking products and services do not have direct health impacts, health risks, or addiction potential, nor do they involve preventative health, healthcare education, or global health crisis response.
Fair Money & Economic Opportunity
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No evidence available to assess Huntington Bancshares Incorporated on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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Huntington Bancshares demonstrated strong pay equity in 2023, with average base pay for women colleagues at 99% of men's
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and for racially diverse colleagues at 102% of non-racially diverse colleagues' in comparable roles
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. The voluntary employee turnover rate was 11% in 2023
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. The CEO to median employee pay ratio was 136:1
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. The company implemented a minimum hourly pay rate of $20 effective January 1, 2023
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. Huntington has been certified as a Great Place to Work for six consecutive years
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and received 100% scores on both the Disability Equality Index and the Corporate Equality Index in 2023
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. However, the company has incurred penalties totaling $3,205,253 for wage and hour violations, including unpaid overtime and improper deductions
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.
Fair Trade & Ethical Sourcing
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No evidence available to assess Huntington Bancshares Incorporated on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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In February 2024, Huntington Bancshares was fined $1.25 million by the SEC for record-keeping failures related to employees using unapproved communication methods for business purposes
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. This penalty was reduced due to the company's voluntary self-reporting and cooperation
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. The company's governance framework includes a comprehensive Code of Conduct and Ethics
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, and an updated Insider Trading Policy
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. In 2023, the bank spent $76.3 million on compliance and regulatory expenses
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, maintaining a dedicated team of 247 professionals focused on anti-money laundering (AML) and Bank Secrecy Act (BSA) regulations
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. During that year, the bank conducted 1,352 AML investigations
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and filed 842 Suspicious Activity Reports
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.
Kind to Animals
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Huntington Bancshares Incorporated is a service-oriented bank, and its core business model does not involve activities such as animal testing, animal-derived products, animal husbandry, or direct impact on wildlife habitats. Therefore, most KPIs related to animal welfare are not applicable. The provided article mentions the company's environmental strategy, including renewable electricity targets and a net-zero carbon emissions roadmap
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, but explicitly states that no specific actions regarding animal welfare or cruelty-free practices have been mentioned
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. These environmental initiatives are outside the scope of the 'Kind to Animals' value, which focuses specifically on animal welfare and habitat preservation directly impacting animals.
No War, No Weapons
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Huntington Bancshares Incorporated launched an Aerospace & Defense Group that serves defense manufacturers.
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However, the provided articles do not disclose the percentage of revenue derived from these activities, nor do they offer specific, quantifiable data points for other metrics such as R&D investment in dual-use technologies, sales to embargoed regimes, or the proportion of revenue allocated to peacebuilding initiatives. Consequently, there is insufficient explicit, quantitative evidence to score any of the KPIs against the rubric's thresholds.
Planet-Friendly Business
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Huntington Bancshares is aligning its climate risk management with the TCFD framework
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. The company has reduced its Scope 1 and 2 greenhouse gas emissions by 35% since 2017
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and aims for 50% renewable electricity use by 2035
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. In 2022, it appointed its first Chief ESG Officer and developed a roadmap for a net-zero carbon future
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. Huntington has committed $40 billion in community and sustainable financing
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, including $875 million invested in renewable energy projects
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. It has also implemented energy efficiency programs and enhanced recycling efforts
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.
Respect for Cultures & Communities
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Huntington Bancshares has 18 formal partnerships with community groups, including collaborations with organizations such as Magnusmode, Operation HOPE, and the National Black MBA Association.
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The company has no reported cultural appropriation incidents.
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It provides standard grievance mechanisms through an Ethics Hotline and web portal, which are available 24/7.
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Huntington demonstrates strong language inclusivity by offering bilingual "Seeds for Growth" events in Denver and providing language support services within its multicultural banking programs in Chicago and Detroit.
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Safe & Smart Tech
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Huntington Bancshares demonstrates good compliance with applicable regulations, actively automating checks and reporting for frameworks such as NIST, ISO 27001, and CIS Controls, and explicitly complying with the Children's Online Privacy Protection Act (COPPA).
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,
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The company's online privacy policy, effective April 2023, outlines permitted uses and disclosures of personal information, including restrictions on service providers for online advertising.
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Users are provided with industry-standard controls over their data, such as opting out of promotional emails, accessing and editing personal information via online banking, blocking cookies, and opting out of online behavioral advertising.
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No incidents of unauthorized data use by the company are documented. Huntington has a basic vulnerability disclosure program with defined out-of-scope items.
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There are no documented data breaches of Huntington's systems; a 2017 incident involved fraudulent texts targeting customers, not a breach of the bank's data.
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The company is investing in cybersecurity automation, evidenced by a job description for a Cybersecurity Automation Engineer, Principal, which includes designing and implementing automation for vulnerability management, threat detection, incident response, and embedding security into CI/CD pipelines.
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Zero Waste & Sustainable Products
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No evidence available to assess Huntington Bancshares Incorporated on Zero Waste & Sustainable Products.