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Environmental, Social and Governance (ESG)

  • About us
  • Environmental Social Governance

Results of our 2024 Materiality Assessment

In January 2024, we conducted a comprehensive assessment to identify and prioritize the environmental, social, and governance (ESG) topics that are most significant to our organization and interested parties.

Our Assessment Process

We partnered with an external consultant who guided us through the process. This process provided a well-rounded perspective on ESG topics that are important to our organization's stability, growth, and community engagement.

We used guidance from Globally recognized ESG Standards to help us focus on the ESG topics that are most relevant to our organization and the community we serve.

We evaluated the potential effects of various ESG topics on our financial success and overall strategy.

We analyzed our strengths and weaknesses, as well as the opportunities and challenges we face.

We examined broader social trends and industry movements to understand how they impact the ESG topics we care about.

We reached out to members, employees, and community partners to hear their thoughts and concerns regarding key ESG topics.

Our senior management team and Board members discussed the findings to understand their strategic significance.

Key Findings

The assessment identified nine ESG topics, which hold importance for our organization and communities. These topics are:

Leaf with circular arrows

Biodiversity

Environmental

Globe with rising thermometer

Climate change

Environmental

Overflowing trash can

Waste and pollution

Environmental

Diverse group of people standing together

DEI (Diversity, Equity and Inclusion)

Social

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Community health and wellness (emphasizing food security and housing)

Social

Hand receiving two coins

Financial literacy and capacity for underserved members

Social

Bar chart with coin and rising arrow

Economic growth and quality jobs for all

Governance

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Member privacy and data security

Governance

Group of people

Member rights and engagement

Governance

Strategic Focus Areas

After reviewing all the topics and the information we collected, we found three main topics are particularly significant to employees, members, and our organization. These topics will guide our commitment to ESG, helping us work towards a sustainable future.

Climate change

We are dedicated to understanding our impact on climate change and are actively working to monitor and reduce our greenhouse gas emissions in a careful and effective way. We believe that collaboration is necessary to enhance our efforts toward environmental responsibility . By considering the environment in our decision-making, we become more adaptable and strengthen our commitment to the well-being of our community.

Financial literacy and capacity for underserved members

We recognize the importance of financial literacy, especially for underserved community members. By supporting financial education, we strive to enhance financial empowerment and provide the knowledge necessary for informed decision-making and greater economic stability.

Economic growth and quality work for all

We believe in the importance of fair economic growth that benefits everyone. Our goal is to maintain high standards that reflect our values and support our communities. We strive to enhance our engagement with employees, prioritize local purchasing, and support small businesses , as we believe this fosters growth and resilience in our neighbourhoods.

We are committed to all ESG topics and have approaches in place for each of these areas

Waste and pollution

We are working to cut down on waste and pollution. One way we’re doing this is by using fewer paper statements and finding new uses for old office furniture. We will keep searching for more ways to reduce waste and show our commitment to taking care of the environment.

Biodiversity

While our direct impact on local wildlife and ecosystems is minimal, we are dedicated to understanding these effects and the connections within nature. Our goal is to enhance our practices to further reduce any negative impacts we may have on local biodiversity and habitats.

Diversity Equity Inclusion

We aim to foster a workplace where everyone feels valued and respected. By creating an environment where all individuals feel they belong, we enhance creativity, support diverse leadership, provide equal growth opportunities, and encourage open communication to build a culture of acceptance.

Community health and wellness

Through donations and our "Blue Wave" employee volunteer program, we contribute to food security, affordable and sustainable housing, and youth health and wellness prioritizing the well-being of the communities we serve.

Member privacy and data security

Protecting member data and ensuring privacy are core to our cooperative values, and we are committed to maintaining robust systems in this area.

Member rights and engagement

As a financial cooperative, member engagement is a priority. It reflects our values and fosters meaningful connections with our members, ensuring their voices and needs shape our organization. We adhere to a Market Conduct Code that guides our practices.

These efforts create a foundation where every individual has the opportunity to thrive and actively engage in our community while strengthening local economies. Through these efforts, we aim to create a positive impact on both individuals and the neighborhoods in which we operate.

What's happening now

Right now, we’re focused on aligning our organization with ESG principles. This requires teamwork across all levels of the organization and involves putting these principles into our daily work and long-term planning. Here’s what we’re working on.

Sharing our goals

We want to make sure everyone knows our five-year goals for ESG. It’s important that everyone understands where we’re headed and how these goals align with our credit union’s mission and success.

Getting employees involved

We aim to engage our staff by addressing their questions and encouraging activities that promote small, meaningful changes. These can lead to significant improvements over time.

Integrating ESG into our work

We understand that incorporating ESG principles into how we do business won’t happen overnight. This will take careful planning and time, so we’re committed to supporting a gradual process that makes these principles a fundamental part of our operations.

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