Huntington Releases Task Force on Climate-Related Financial Disclosures Report

Rhea-AI Summary

Huntington Bancshares released its inaugural Task Force on Climate-Related Financial Disclosures (TCFD) report on November 6, 2020. This report highlights the bank's commitment to addressing climate-related business risks and opportunities, enhancing transparency for investors and stakeholders. It accompanies Huntington's 2019 Environmental Social and Governance (ESG) report released in June 2020. With $120 billion in assets and a robust network of branches and ATMs, Huntington aims to integrate sustainability into its operations.

Positive

• Release of the first TCFD report demonstrates commitment to climate-related transparency.
• Accompanies previous ESG report, indicating ongoing dedication to environmental issues.

Negative

• None.

COLUMBUS, Ohio, Nov. 6, 2020 /PRNewswire/ -- Today Huntington released its first Task Force on Climate-Related Financial Disclosures (TCFD) report.  This disclosure provides additional transparency regarding Huntington's ongoing commitment to address climate-related business risks and opportunities.  The report serves as a companion to Huntington's 2019 Environmental Social and Governance (ESG) report, published in June of 2020. 

About Huntington

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $120 billion of assets and a network of 839 full–service branches, including 11 Private Client Group offices, and 1,330 ATMs across seven Midwestern states. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. Huntington also provides vehicle finance, equipment finance, national settlement, and capital market services that extend beyond its core states. Visit huntington.com for more information.

 

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SOURCE Huntington Bancshares Incorporated

FAQ

What is the significance of Huntington's TCFD report?

Huntington's TCFD report signifies the bank's commitment to transparency regarding climate-related risks and opportunities.

When was Huntington's TCFD report released?

Huntington's TCFD report was released on November 6, 2020.

How does the TCFD report relate to Huntington's ESG efforts?

The TCFD report serves as a companion to Huntington's 2019 ESG report, highlighting consistency in their sustainability commitments.

What is the total asset size of Huntington Bancshares?

Huntington Bancshares has total assets amounting to $120 billion.