WINSTON-SALEM, N.C.,
July 17, 2018 /PRNewswire/
-- BB&T Corporation (NYSE: BBT) today released its 2017
Corporate Social Responsibility (CSR) report, detailing many of its
community and sustainability efforts to fulfill its mission to make
the world a better place to live. The report covers several key
community and sustainability themes including multicultural
banking, ethical banking practices and policies, cybersecurity,
associate engagement, charitable giving, environmental
sustainability and responsible growth.
"I continue to be inspired by our associates' desire to bring
about positive change in our communities," said BB&T Chairman
and Chief Executive Officer Kelly S.
King. "Through hands-on service, focused generosity and an
unwavering commitment to our values, we have the honor of
partnering with individuals and organizations to build a more
promising future for the communities we serve. I'm proud and
excited to share our results through this report as I believe it
speaks volumes about what it means to be part of the BB&T
family."
Highlights of BB&T's CSR report include:
- Affordable Housing: BB&T provided affordable housing
financing of more than $718 million,
which was a component of its total community development lending of
more than $2 billion.
- Associate Engagement: With an engagement level of 77%
for our 37,000 associates, BB&T associates are among the most
engaged in the financial services industry.
- Building Future Leaders: The Emerging Leaders
Certification Program, a six-hour leadership program funded and
hosted by The BB&T Leadership Institute, was held at 40
colleges and certified more than 2,000 students in the 2017-2018
academic year.
- Charitable Giving: BB&T and its Charitable Fund
granted more than $26 million to
support communities and charitable organization across its
footprint. These grants included $750,000 to fund relief efforts from Hurricanes
Harvey, Irma and Maria, as well as other natural disasters.
BB&T also donated $100 million to
BB&T's philanthropic fund in December to support charitable
organizations in our communities.
- Commitment to Culture: BB&T celebrated and
solidified its culture by holding 53 mission dinners in 39 cities
throughout its footprint. Members of the Executive Management team
attended each of these town hall-style meetings to inspire and more
deeply connect associates to its culture.
- Community Service: Associates completed more than 1,200
projects, provided more than 80,000 volunteer hours and helped
positively change the lives of more than 1.5 million people through
the BB&T Lighthouse Project, a nationwide community service
program designed to exemplify BB&T's mission and serve as a
beacon of light to neighbors in need.
- Environmental Sustainability: BB&T invested more
than $40 million in 1,200 of its
facilities with the goal of decreasing energy and water
consumption, and set new corporate sustainability targets of
reducing energy and water consumption by 25% and 10%, respectively,
over the next five years.
- Financial Education: Through the BB&T Financial
Foundations program, students in 1,289 high schools in 15 states
received training in critical personal finance skills such as
banking, insurance, investments, budgeting, higher education and
more.
BB&T's full CSR report is available for download in the
"About BB&T" section of BBT.com.
About BB&T
BB&T is one of the largest
financial services holding companies in the U.S. with $220.7
billion in assets and market capitalization of
approximately $40.6 billion, as of March 31, 2018.
Building on a long tradition of excellence in community banking,
BB&T offers a wide range of financial services including retail
and commercial banking, investments, insurance, wealth management,
asset management, mortgage, corporate banking, capital markets and
specialized lending. Based in Winston-Salem, N.C., the company
operates more than 2,000 financial centers in 15 states
and Washington, D.C. A Fortune
500 company, BB&T is recognized consistently for
outstanding client service by Greenwich Associates for small
business and middle market banking. More information about BB&T
and its full line of products and services is available
at BBT.com.
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SOURCE BB&T Corporation