Corporate Stewardship

Search documents
SouthState Issues 2025 Corporate Stewardship Report
Prnewswireยท 2025-04-09 13:03
Core Viewpoint - SouthState Bank's fifth Corporate Stewardship Report emphasizes its dedication to community engagement, employee support, corporate responsibility, and environmental sustainability [1][2]. Commitment to Community - The bank made $5.75 billion in Community Reinvestment Act (CRA)-eligible loans [9]. - It awarded grants and contributions totaling $7.1 million to 2,393 organizations [9]. - Extended $401 million in community development loans and invested $54.7 million in economic development and affordable housing projects [9]. Commitment to Colleagues - Recorded a 24% increase in employee volunteer hours, totaling 19,047 hours with 1,028 different organizations [9]. - Provided $242,000 in financial assistance to 166 team members through The Sunshine Fund [9]. - Continued the ReMARKable Leader program, with 61 team members graduating to enhance their career development [9]. - Maintained a diverse workforce, with 14.78% Black or African American and 7.78% Hispanic/Latino team members [9]. Commitment to Corporate Stewardship - The bank focuses on building meaningful relationships with community-based and nonprofit organizations [3]. - Maintained a tenured and diverse board of directors, with 50% having CEO-level experience [9]. Commitment to Environmental Resourcefulness - The bank's digital solutions have led to significant environmental savings, including 1.28 million gallons of water, 1.08 million pounds of CO2 emissions, and 70,000 pounds of solid waste [9]. - 58% of accounts are receiving eStatements, contributing to reduced environmental impact [9].