Heritage Financial Corporation.
HFWA.US | Other monetary intermediation
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various banking products and services to individuals and businesses in Washington and Oregon. It accepts various deposit products, including checking, savings, and money market accounts, as well as ce...Show More
Better Health for All
0
Heritage Financial Corporation's core business as a bank holding company does not directly involve health-related products or services. Therefore, its principal goods and services have no significant positive or negative health impact, and it generates no revenue from products with direct health harms. The company's products do not have direct safety implications, carry health risks requiring disclosure, or involve health-related R&D, health data, clinical trials, or addiction potential. While Heritage Bank has invested in a low-income housing development
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and provided a grant to a YMCA for youth and family programs, these are indirect contributions to community well-being and do not fall under the direct health-related product/service definitions of the rubric's KPIs. The company has received awards for employee mental health and well-being
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, but these relate to internal workforce support and are not applicable to the external-facing KPIs of this value.
Fair Money & Economic Opportunity
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No evidence available to assess Heritage Financial Corporation on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
0
For fiscal year 2024, the CEO to median employee pay ratio was 21:1, with the CEO earning $1,630,201 and the median employee earning $78,147.
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As of December 31, 2024, no employees were represented by a collective bargaining agreement.
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The voluntary turnover rate for the rolling 12-month period was 14.9%.
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Employees working a minimum of 20 hours per week are eligible for medical, dental, and vision insurance.
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A class action lawsuit was filed against Heritage Bank under the California Private Attorney General Act of 2004 (PAGA) for wage and hour violations, including failure to reimburse business-related expenses, failure to provide meal and rest periods, failure to pay minimum wages and overtime, and failure to provide accurate wage statements.
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The court affirmed the denial of the bank's motion to compel arbitration in this case, which was filed on December 11, 2023, and certified for publication on January 8, 2024.
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Fair Trade & Ethical Sourcing
0
Heritage Financial Corporation operates as a bank, and its core business activities do not involve the procurement or trading of physical commodities. Therefore, most KPIs related to fair trade certifications, supplier audits for welfare or sourcing, exposure to upstream labor practices, supply chain traceability, remediation processes for sourcing violations, ethical sourcing clauses for commodity suppliers, and high-risk material sourcing are not applicable to its operations. The provided articles confirm no specific data is available for these metrics in the context of fair trade and ethical sourcing.
1
There is also no evidence provided regarding the percentage of the procurement budget directed to indigenous, minority, or local community suppliers.
2
Honest & Fair Business
0
Heritage Financial Corporation has a comprehensive whistleblower policy in place, which includes a no-retaliation clause.
1
This policy is administered by the Chief Risk Officer, communicated to employees via email and posters, and utilizes a third-party vendor for handling complaints.
2
Kind to Animals
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No evidence available to assess Heritage Financial Corporation on Kind to Animals.
No War, No Weapons
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The provided articles focus exclusively on Tesla and explicitly state that they contain no data relevant to HFWA.US or the 'No War, No Weapons' ethical value.
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Therefore, no assessment can be made for any of the KPIs for Heritage Financial Corporation based on the given evidence.
Planet-Friendly Business
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Heritage Financial Corporation has 61.5% of its office space LEED certified.
1
The company reported zero annual environmental compliance violations in 2023.
2
Respect for Cultures & Communities
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No evidence available to assess Heritage Financial Corporation on Respect for Cultures & Communities.
Safe & Smart Tech
0
Heritage Financial Corporation reported no material cybersecurity events or incidents for the reporting period ending December 31, 2024, and no data breaches in 2023.
1
While a 470GB data leak at Heritage Bank was discovered on December 18, 2024, the number of affected users is not specified, preventing a specific tier assignment.
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The company maintains an Information Security Framework aligned with NIST and ISO27001, which is independently governed and audited annually.
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It performs monthly internal and quarterly external vulnerability scanning, and external and internal penetration testing at least annually.
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Employees receive training to detect and prevent cybersecurity threats.
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The company monitors systems, networks, and application access and error logs to identify unauthorized access attempts and adheres to access control standards.
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Heritage Financial Corporation is compliant with GLBA, FACTA, HIPAA, IT SOX, and PCI-DSS.
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Zero Waste & Sustainable Products
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The provided articles do not contain specific, quantitative data points related to waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability scores, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education.
1
Therefore, no KPIs can be scored against the 'Zero Waste & Sustainable Products' value.