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UNION BANK PUBLISHES 2011 CORPORATE SOCIAL RESPONSIBILITY REPORT
For Immediate Release
SAN FRANCISCO, CA, July 26, 2012 – Union Bank, N.A. today announced the publication of its 2011 Corporate Social Responsibility Report titled “CSR 2011 Serving Responsibly,” which details the bank’s community reinvestment activities, corporate social responsibility, environmental initiatives, and Union Bank Foundation commitments in 2011. In addition, the report highlights Union Bank’s commitment to fostering socio-cultural equity and diversity within the company and among its suppliers.
The report details four key areas of community focus within the bank’s Foundation: Affordable Housing, Community Economic Development, Education, and the Environment. Through these program areas, the bank and its Foundation strive to strengthen the communities in which it does business.
“Corporate citizenship is one of our core values at Union Bank and it is deeply ingrained in our culture of service,” said Union Bank Executive Vice President and Head of Corporate Social Responsibility, Julius Robinson. “We look forward to advancing our corporate social responsibility initiatives so that we can continue to foster healthy and sustainable communities in the areas where we serve.”
Highlights from 2011 include:
- Dedicating more than $5 billion to community-related loans and activities last year, including loans to small businesses, financing for affordable housing, and supply sourcing from minority- and women-owned businesses.
- A 10 percent increase in charitable contributions from 2010 for the bank and Union Bank Foundation, totaling $11.2 million.
- More than 53,000 volunteer hours performed by Union Bank employees—a 180 percent increase from 2010.
- A three percent reduction in Greenhouse Gases on a normalized basis from 2010.
- Opening of first student-run bank branch at McLane High School in Fresno, CA.
- Expansion of the Cash and Save program from 16 to 29 locations in California.
- Originating 900 Economic Opportunity Mortgage loans totaling $185 million, an 18 percent increase from 2010’s total.
- Providing $434 million in community development financing for 41 affordable housing developments that serve 5,645 low- to moderate-income individuals and families.
- Doubling our Small Business Administration-guaranteed lending in 2011 to $105.9 million.
To view the Union Bank 2011 Corporate Social Responsibility Report, click here. For more information about the bank’s commitment to the community, visit www.unionbank.com/community.
“Our partnership with BTMU provides companies doing business overseas with a full complement of global financial management services and a vital understanding of the history, customs, regulations and operating systems of the global marketplace, particularly in Asia and Latin America, two of the fastest growing regions in the world,” said Bourne.
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $92.3 billion at March 31, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operates 407 branches in California, Washington, Oregon, Texas, New York and Illinois as well as two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit www.unionbank.com for more information.