Subsidiary companies, Hawaiian Electric and American Savings Bank, publish supplementary company-wide reports
HONOLULU--(BUSINESS WIRE)-- Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE), the parent company to Hawaiian Electric, American Savings Bank and Pacific Current, today announced the publication of its newest consolidated report describing its updated policies, actions and performance for 2022 with respect to a range of environmental, social and governance (ESG) matters. This is HEI’s fourth annual ESG report.
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“Our HEI family of companies is guided by a common purpose to create a better Hawai‘i – one that is thriving economically, environmentally, culturally and socially,” said Scott Seu, HEI president and CEO. “We believe this purpose serves the long-term interests of all of our stakeholders – it inspires us to act in ways that allow us not simply to advance, but to leap forward into a future that’s brighter for us all.”
The theme of HEI’s latest ESG report is “Laulima,” which translates to “many hands working together.” The report details the work of all of the HEI companies in 2022 toward their common purpose, including in areas such as decarbonization; economic health and affordability; reliability and resilience; diversity, equity and inclusion; and human capital management.
“Laulima reflects the fact that creating a sustainable, thriving future is a collective effort,” said Celeste Connors, CEO of Hawaiʻi Green Growth Local2030 Hub and an HEI board member. “As an island economy, we are constantly reminded of our interdependence and finite resources, and that informs the way we work together and the way business is done in Hawaiʻi and at HEI.”
The report extends HEI’s Task Force on Climate-related Financial Disclosures (TCFD) – aligned reporting from the previous two years. Included this year is an expanded greenhouse gas (GHG) inventory that details Scope 1 and 2 GHG emissions and key Scope 3 emissions categories across all HEI companies. This year’s report continues to present data aligned with Sustainability Accounting Standards Board (SASB) guidelines for HEI’s utility and bank subsidiaries.
2022 Highlights include:
Also publishing today are Hawaiian Electric’s Sustainability Report and American Savings Bank’s ESG report.
To review the HEI ESG report, visit www.hei.com/esg. To review Hawaiian Electric’s Sustainability Report, visit www.hawaiianelectric.com/sustainability. To review American Savings Bank’s ESG report, visit www.asbhawaii.com/esg.
About HEI
The HEI family of companies provides the energy and financial services that empower much of the economic and community activity of Hawaiʻi. HEI’s electric utility, Hawaiian Electric, supplies power to approximately 95% of Hawaiʻi’s population and is undertaking an ambitious effort to decarbonize its operations and the broader state economy. Its banking subsidiary, American Savings Bank, is one of Hawaiʻi’s largest financial institutions, providing a wide array of banking and other financial services and working to advance economic growth, affordability and financial fitness. HEI also helps advance Hawaiʻi’s sustainability goals through investments by its non-regulated subsidiary, Pacific Current. For more information, visit www.hei.com.
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Investor Contact Mateo Garcia Director, Investor Relations ir@hei.com (808) 543-7300
Media Contact AJ Halagao Vice President, Corporate & Community Advancement ajhalagao@hei.com (808) 543-7625
Source: Hawaiian Electric Industries, Inc.