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ESG Intelligence – US Banking – Q1 2021

Citizens (+64) leads the sector, with positive material impact driven by its efforts regarding Human Rights & Community Relations. Key initiatives include the opening of its annual Small Business Community Champion Award Contest, and the announcement of a $16bn community benefits plan. A number of other banks achieve strongly positive ESG scores, with Regions (+63), Discover Financial (+62), Truist (+58), Synchrony (+58), TD Bank (+56), Fifth Third (+56), Ally Financial (+52) and Bank of America (+51) all achieving ESG scores above 50.

Citi and HSBC continue to sit at the bottom of the sector. Although both companies see an improvement in score, Citi’s score of -19 and HSBC’s score of -32 places them significantly below the sector average of 34.

Download the full report here.