WINSTON-SALEM, N.C.,
July 9, 2019 /PRNewswire/
-- BB&T Corporation (NYSE: BBT) today released its fourth
annual Corporate Social Responsibility (CSR) Report, detailing its
latest community and sustainability efforts to fulfill its mission
to make the world a better place to live. The report covers several
key themes including multicultural banking, responsible banking
practices and policies, cybersecurity, diversity and inclusion,
charitable giving, environmental sustainability and responsible
growth.
"Our mission is bold, but it's one I'm proud to know all our
associates wholeheartedly accept and strive to deliver on every
day," said BB&T Chairman and Chief Executive Officer
Kelly S. King. "Our commitment to
service extends well beyond the financial solutions we offer, and
it's our honor to continually give back in a meaningful way. This
report demonstrates some of our efforts and accomplishments, and
highlights what we're planning to do to build a brighter future for
our associates, clients, shareholders and communities."
The online CSR Report outlines notable achievements in 2018
including:
- Affordable Housing: BB&T provided affordable
housing financing of more than $623
million, which was a component of its total community
development lending of more than $1.7
billion.
- Financial Education: Through its "Bank on Your
Success" program, BB&T associates provided more than 2,300 free
financial education sessions during 2018 and reached more than
45,000 individuals. Based on the success of the program, the bank
piloted a new module, "Growing Your Business," with a focus on
small business. The pilot resulted in 110 sessions supporting 1,100
small business owners.
- Building Future Leaders: The BB&T Leadership
Institute funded and hosted the Emerging Leaders Certification
Program, a six-hour leadership program held at more than 55 schools
and certified more than 3,000 students.
- Community Service: Associates completed more than
1,200 projects and provide more than 84,000 volunteer hours 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.
- Charitable Giving: BB&T and the BB&T
Charitable Fund granted more than $34
million to support communities and charitable organization
across its footprint. These grants included $2 million to fund relief efforts in the
aftermath of Hurricanes Florence and Michael.
- Diversity and Inclusion: In 2018, more than 24,000
associates completed BB&T's "Valuing Diversity" class, and more
than 700 leaders completed the "Leading Diversity" class.
- Environmental Sustainability: BB&T invested
more than $50 million across 1,250 of
its facilities to decrease energy and water consumption, and set
specific five-year targets to reduce electricity consumption by 25
percent and trim water use by 10 percent.
A downloadable PDF of BB&T's 2018 CSR Report is now
available. For more information about BB&T's community
commitments, please visit BBT.com/about-us/community.
About BB&T
BB&T is one of the largest
financial services holding companies in the U.S. with $227.7
billion in assets and market capitalization of
approximately $35.6 billion, as of March 31, 2019.
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., BB&T
operates more than 1,800 financial centers in 15 states
and Washington, D.C. and 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