GlobalData offers a comprehensive analysis of Hancock Whitney, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Hancock Whitney‘s ESG performance. GlobalData’s company profile on Hancock Whitney offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Hancock Whitney, a financial services company, is committed to reduce greenhouse gas (GHG) emissions. In terms of GHG emissions, the company reported a decrease in Scope 1 emissions from 649 metric tons CO2-e in 2021 to 617 metric tons CO2-e in 2022. However, both location-based and market-based Scope 2 emissions increased slightly from 14,434 metric tons CO2-e to 15,057 metric tons CO2-e and from 14,727 metric tons CO2-e to 15,187 metric tons CO2-e, respectively.
To reduce its emissions, Hancock Whitney plans to install electric vehicle charging stations throughout its footprint. The company follows the WRI/WBCSD GHG Protocol Corporate Accounting and Reporting Standard for emissions calculations. It utilizes both location-based and market-based methodologies to calculate Scope 2 emissions. The company has also started measuring its operational GHG emissions (Scopes 1 and 2) since the 2021 calendar year. Additionally, Hancock Whitney tracks paper usage, recycling efforts, and considers the environmental impact of its building and construction decisions.
The company is actively working to assess the risks and opportunities presented by climate change and it is examining how climate-related physical, transition, and regulatory risks may impact its lending and investment activities. The company also engages in environmental projects and partnerships, such as reforestation investments and waste reduction initiatives. It has recycled over 1.5 million pounds of paper in 2022 and prevents waste from entering landfills.
In conclusion, Hancock Whitney is dedicated to lowering greenhouse gas (GHG) emissions and has implemented measures to achieve this reduction. The company reports its emissions based on the WRI/WBCSD GHG Protocol and is actively assessing climate-related risks. Through initiatives like installing electric vehicle charging stations and engaging in environmental projects, Hancock Whitney demonstrates its commitment to environmental sustainability.
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