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SouthState Bank contributes $7.45 m grants to 1,741 organizations
SouthState Bank said in its second Corporate Social Responsibility (CSR) report that it awarded 1,741 organizations grants and contributions, totaling $7.45 million.
The report highlighted the bank’s commitment to its communities, colleagues, corporate stewardship and the environment.
“As a leading regional bank in the fastest growing part of the country – the Southeast – SouthState recognizes the importance of sustainable and responsible business practices that benefit our communities and our stakeholders,” said LeDon Jones, director of Corporate Stewardship. “We are proud of the progress we’ve made in the past year, and we will continue to prioritize our activities and lending to support our CSR initiatives, as well as communicate our progress to our investors and stakeholders.”
The report said the bank’s team members logged 6,392 volunteer hours benefitting more than 400 different organizations.
The bank also made $1.9 billion in CRA-eligible loans and extended $680 million in community development loans.
It also provided $57,000 in financial assistance to team members through The Sunshine Fund.
It also adopted a three-year diversity and inclusion plan.
The bank also maintained a board-level Culture Committee that focuses on human capital management and diversity and inclusion, and tasked the board-level Governance and Nominating Committee with the responsibility for the Company’s environmental, social and governance (ESG) initiatives.
The report also referred to ongoing investment in technology that enables customers and team members to access digital solutions for their needs, significantly reducing the bank’s environmental impact.
The bank managed to reduce 83,100 gallons of water waste, 69,800 pounds of CO2 emissions, and 4,570 pounds of solid waste.
The bank also managed to save 93 trees by providing eStatements instead of printed statements.
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