Environmental

Environmental Stewardship: Our Commitment to the Planet

The transition to a low-carbon economy is a monumental, yet essential task. This is a long-term, worldwide challenge as shifts in temperatures, extremes in weather conditions, and weather-related catastrophes are impacting the livelihoods and well-being of people, businesses, communities, and the planet. We believe Huntington has a significant role to play in this transition, and we are taking meaningful actions in our own business. We encourage and support our suppliers, customers, partners, and communities to do the same.

Our approach includes:

  • Establishing a robust environmental governance structure
  • Basing decisions on the best available science
  • Publicly setting environmental targets
  • Improving climate-related product and service offerings

“Through our culture and Values, Huntington aims to deliver long-term shareholder value and a sustainable future.”

Jason Fraley, Chief ESG Officer

Huntington's Decarbonization Framework

ESTABLISH BASELINE AND TARGETS

Set science-informed decarbonization targets for Scopes 1 and 2 emissions.

ENERGY EFFICIENCY

Reduce energy consumption to the lowest feasible level through energy efficiency, conservation, and innovation.

ELECTRIFICATION AMD RENEWABLE ENERGY

Electrify buildings and fleet.

Power all operations with 100% renewable energy.

PORTFOLIO MANAGEMENT DECISION

Provide innovative products and advice to customers so they can proactively respond to climate risks and the transition to a low-carbon economy.

Expand green industry portfolio.

CUSTOMER ENGAGEMENT

Support customers as they execute against their decarbonization strategies.

CARBON OFFSETS

Focus first on reducing energy consumption to the lowest feasible levels.

For residual emissions we are unable to abate or identify strategies to source high-quality, third-party-verified carbon offsets that comply with well-recognized best practices.

2023 ESG Report

This 2023 ESG Report is Huntington’s eighth report on our ESG strategy, aspirations, key milestones, and results to date. It covers the period from January 1, 2023 to December 31, 2023, except where otherwise noted.

View 2023 ESG Report

2023 Climate Report

This is Huntington’s fourth year aligning with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, and this report should be reviewed as a companion piece to our 2023 ESG Report. Consistent with TCFD’s recommendations, this report outlines our approach to managing climate-related risks and opportunities.

View 2023 Climate Report

Environmental Strategy

Huntington’s focus on environmental stewardship reflects our commitment to protecting the planet, mitigating the effects of climate change, promoting biodiversity, reducing our reliance on natural resources, and addressing the environmental challenges faced by under-resourced communities. We know significant change and a comprehensive approach are required to support our stakeholders in this transition.

Environmental Performance

Since 2017, Huntington has been steadfast in charting our environmental performance to measure our progress. We have made a determined effort to develop our environmental and climate action roadmap, and we have accelerated our efforts to improve our energy efficiency, transition to renewable energy, expand our EV charging infrastructure, and reduce our emissions.

The below chart outlines our current environmental targets. For additional information on our performance please see our most recent Climate Report.

Indicator Target Target Year 2022 Total Company Performance

GHG Emissions (Scope 1 & Scope 2 location-based)

35% reduction

2030

7% reduction

GHG Emissions (Scope 2 market-based)

50% reduction

2035

2% reduction

Water Consumption

15% reduction

2030

1% reduction

Landfill Waste

25% reduction

2030

5% increase

Renewable Energy

50% of electricity usage

2035

1% of electricity usage

Climate Risk Management

We believe climate change provides risks and opportunities for our business. We are acting strategically to integrate climate-related insights into our decision-making and striving to help our customers do the same. Based on guidance provided by the TCFD framework, Huntington has taken steps to formalize our climate risk management practices and integrate them into our robust Enterprise Risk Management program.

These steps include:

  • Integrating climate risk into board and management committees
  • Training key stakeholders on climate and environment risks
  • Working to accelerate industry knowledge of climate-related financial risks
  • Publishing disclosures on climate risk management

Climate Finance

As we strive to improve our environmental performance and reduce our carbon footprint, we are helping our customers do the same. Our climate-related products and services play a critical role in supporting our customers’ environmental sustainability journeys.

Resource Library & Data Table

Browse our list of additional links and data table for more resources.

View Our Resource Library & Data Table