Heritage Financial CorpHeritage Financial Corp - ESG Rating & Company Profile powered by AI

Industry Group:Banks

If you are employed by Heritage Financial Corp and you wish to use your Sustainability rating, please get in touch. The SDG assessment for Heritage Financial Corp represents the company's reporting of the United Nations Sustainable Development Goals. The webpage contains a free E,S&G assessment for Heritage Financial Corp.

Heritage Financial Corp in the Banks industry gained a UN SDG ESG Transparency Score of 4.5; made up of an environmental score of 2.3, social score of 5.0 and governance score of 6.0.

SDG Transparency Score for Heritage Financial Corp 
Low
0 - 3

4.5

Medium Impact
4 - 6
High
7 - 10
Last Score Update: 2023-07-01
What drives the score for Heritage Financial Corp 
2.3

Environmental

5.0

Social

6.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Landesbank Baden Wuerttemberg
9.5
High
1UniCredit Bank Austria AG
9.5
High
1062Webster Financial Corp
4.6
High
1062Ardshinbank CJSC
4.6
High
1081Heritage Financial Corp
4.5
High
1081BRB Banco de Brasilia SA
4.5
High
1081Banca Carige SpA Cassa di Risparmio di Genova e Imperia
4.5
High
.........
2219sakartvelos bank'i ss
0.0
Low
2219AlphaCredit Capital, S.A. de C.V.
0.0
Low
.........
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Peer Companies Benchmark
SEVVA Platform benchmarks each company against a peer group. View the full score distribution for peers by logging into SEVVA

Frequently Asked Questions

Does Heritage Financial Corp have an accelerator or VC vehicle to help deliver innovation?

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Does Heritage Financial Corp disclose current and historical energy intensity?

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Does Heritage Financial Corp report the average age of the workforce?

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Does Heritage Financial Corp reference operational or capital allocation in relation to climate change?

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Does Heritage Financial Corp disclose its ethnicity pay gap?

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Does Heritage Financial Corp disclose cybersecurity risks?

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Does Heritage Financial Corp offer flexible work?

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Does Heritage Financial Corp have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Heritage Financial Corp disclose the number of employees in R&D functions?

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Does Heritage Financial Corp conduct supply chain audits?

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Does Heritage Financial Corp disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does Heritage Financial Corp conduct 360 degree staff reviews?

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Does Heritage Financial Corp disclose the individual responsible for D&I?

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Does Heritage Financial Corp disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does Heritage Financial Corp disclose current and / or historical scope 2 emissions?

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Does Heritage Financial Corp disclose water use targets?

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Does Heritage Financial Corp have careers partnerships with academic institutions?

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Did Heritage Financial Corp have a product recall in the last two years?

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Does Heritage Financial Corp disclose incidents of discrimination?

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Does Heritage Financial Corp allow for Work Councils/Collective Agreements to be formed?

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Has Heritage Financial Corp issued a profit warning in the past 24 months?

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Does Heritage Financial Corp disclose parental leave metrics?

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Does Heritage Financial Corp disclose climate scenario or pathway analysis?

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Does Heritage Financial Corp disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does Heritage Financial Corp disclose the pay ratio of women to men?

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Does Heritage Financial Corp support suppliers with sustainability related research and development?

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Does Heritage Financial Corp disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does Heritage Financial Corp reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is Heritage Financial Corp involved in embryonic stem cell research?

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Does Heritage Financial Corp disclose GHG and Air Emissions intensity?

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Does Heritage Financial Corp disclose its waste policy?

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Does Heritage Financial Corp report according to TCFD requirements?

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Does Heritage Financial Corp disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does Heritage Financial Corp disclose energy use targets?

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Does Heritage Financial Corp disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does Heritage Financial Corp have a policy relating to cyber security?

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Potential Risks for Heritage Financial Corp
These potential risks are based on the size, segment and geographies of the company.

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. Its loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, commercial business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial business loans to a range of businesses in industries that include real estate and rental and leasing, healthcare, accommodation and food services, retail trade, and construction. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services, as well as objective advice. As of January 27, 2022, it had a network of 49 banking offices located in Washington and Oregon. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.

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