CPB honors Earth Day with its new ESG Report

Central Pacific Bank 2022 Environmental, Social and Governance Report. Click on the image to view the report.

HONOLULU, HI (April 18, 2023) – In celebration of Earth Day Central Pacific Bank (CPB) is proud to share its Environmental, Social and Governance (ESG) Report for 2022. The report affirms the company’s commitment and positive impacts it has made to combat the effects of climate change and sea-level rise, while maintaining the highest level of integrity and reverence for cultural, social and environmental stewardship.

“Our ESG focus is considered in all of our business and operational decisions and is incorporated into our strategic plans,” said CPB President and CEO Arnold Martines. “We believe that good governance and consideration of environmental opportunities enables us to better our community and best serve the people statewide.”

CPB leads by example having implemented sustainability initiatives and green practices across the organization. Central Pacific Plaza, home of its flagship branch and headquarters, has received 16 consecutive EPA Energy Stars, the most of any building in Downtown Honolulu.

Some of the key ESG highlights include:

• Support of diversity
  • 91% of our workforce is ethnically diverse
  • 57% of our managers are female
  • 31% of our Central Pacific Financial Board are women
  • Two of the five members our executive committee that oversees bank operations are women
  • Support for women-owned businesses with our groundbreaking WE by Rising Tide program for women entrepreneurs (applications for the program accepted now)
  • Enthusiastic sponsor of the Honolulu Pride Festival, held by Hawaii’s LGBT Legacy Foundation, and we are already making plans to sponsor this year’s Festival
• CPB is at the forefront of Hawai‘i based companies in its energy efficiency and actively supports the use and installation of photovoltaic systems, energy saving amenities, and sustainable agriculture
• Prioritized lending to renewable energy companies and in 2022 provided nearly $100 million in financing to customers to install residential photovoltaic systems

You are encouraged to learn more about our efforts by reading CPB’s complete ESG Report by clicking here.

The public is also invited to a free Earth Day marketplace event and talk story on Wednesday, April 19, 2023 from 9 a.m. to 2 p.m. in Tidepools located on the first floor of Central Pacific Plaza at 220 S. King Street in Downtown Honolulu. The educational fair will feature local businesses and organizations sharing their environmental initiatives and commitment to sustainability. There will also be a Bingo activity where attendees can win prizes.

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About Central Pacific Bank

Central Pacific Financial Corp. is a Hawaii-based bank holding company with approximately $7.43 billion in assets as of Dec. 31, 2022. Central Pacific Bank, its primary subsidiary, operates 27 branches and 64 ATMs in the state of Hawaii. Central Pacific Financial Corp. is traded on the New York Stock Exchange (NYSE) under the symbol "CPF." For additional information, please visit: cpb.bank