Forbright Bank Announces 2022 Sustainability Report

Second annual report details growth across key areas of sustainability including financing, operations, and community impact.

May 31, 2023

CHEVY CHASE, Md.- Forbright Bank, a nationwide full-service bank helping accelerate the transition to a clean energy economy, today announced the release of its 2022 Sustainability Report. The report highlights the Bank’s progress on environmental and social initiatives across its lending activities, operations, and community partnerships. It also demonstrates how Forbright continues to be a leader in sustainable finance.

“At Forbright Bank, our approach to sustainability is closely aligned with our greater vision — to help build a brighter future,” said John Delaney, Founder and Executive Chairman of Forbright Bank. “We’re proud of our sustainable progress last year, and we will continue to finance a more sustainable economy for years to come.”

The 2022 Sustainability Report marks the second annual report from Forbright. The report introduces the Bank’s core sustainability pillars:

–Driving progress through sustainable finance. At the end of 2022, nearly a third of Forbright’s portfolio directly funded clean energy and sustainable oriented projects, including millions in residential solar loans, green building upgrades, affordable housing, and accessible healthcare loans. Overall, more than 30,000 metric tons of estimated annual greenhouse gas emissions were avoided thanks to renewable energy and energy efficiency projects Forbright financed.

–Integrating sustainable business practices. For the second year in a row, Forbright maintained carbon neutrality in its operational footprint. In 2022, the Bank also increased its LEED® certified square footage and earned Green Business Certification.

–Supporting communities. In 2022, Forbright more than tripled its corporate giving, including making $560,000 in financial contributions to 60 local non-profit organizations.

“This report showcases our cohesive approach to integrating business practices that consider the environmental and social impacts that affect all of our stakeholders — customers, employees, investors, and communities,” said Samantha Norquist, Chief Sustainability Officer at Forbright Bank.

Contacts
Ben Wakana
Info@forbrightbank.com