Our impact in the communities we serve.
As a financial services provider, we invest our human and financial resources to help people and the planet.
You can learn more about our progress in our 2022 ESG report, with a 2023 version expected later this year. Below are some key advancements we made in 2023.
$96.4M
in corporate contributions and U.S. Bank Foundation giving
360,000
employee volunteer hours
$17M
pledged to nonprofits through annual Employee Giving Campaign
$3.2B
in renewable energy tax equity and debt commitments
$3B
in affordable housing tax equity and debt commitments
Outstanding
rating received by U.S. Bank from the most recent Community Reinvestment Act (CRA) exam3
Supporting excellence for our veterans
In 2023, we continued our investment in our veterans – both on our teams and in our communities. We were honored to once again be named to the annual Military Times Best for Vets: Employers list, which we’ve appeared on every year since it began in 2010. This year, we climbed to No. 3 on the list, which prioritizes recruitment and employment practices, as well as retention and support programs, in its scoring and final rankings. U.S. Bank actively recruits military and veteran employees through partnerships with Hiring Our Heroes and a dedicated careers page that matches military skills and training to open roles. We also support our military and veteran employees through expansive leave policies, iPads for families to stay connected during deployments and our award-winning, 5,000-member Proud to Serve business resource group. These efforts also earned us recognition from Forbes® as one of America’s Best Employers for Veterans 2023.
In communities, we again teamed up with Freedom Alliance, Operation Homefront and others to give back to military families. With the help of these partners, in 2023 we donated four homes to veterans, including U.S. Army Sergeant Xanthin Luptak and his family, who received a mortgage-free home through the U.S. Bank® HOME program. In total, we’ve donated 26 homes to veteran families since 2013. Additionally, as part of the Driven to Serve initiative, we helped provide payment-free vehicles to two Gold Star families of service members who were killed in the line of duty, and a wheelchair-accessible van to U.S. Army Staff Sergeant Jarid Clapp, marking our 68th vehicle donation to veterans since 2018. The donations represent a long-term commitment to giving back to those who serve. Since 2013, U.S. Bank Impact Finance has supported a range of housing for veterans nationwide, totaling over 3,600 units, $575 million in equity and $588 million in debt commitments in investments – and we expect to invest in more veteran-focused projects in 2024.
Receive a digital copy of the Annual Report.
To help to reduce the use of environmental resources and promote environmental stewardship, the past three years we’ve partnered with Arbor Day to donate $1 for every shareholder who opts for electronic delivery of our Annual Report. Each dollar supports the planting of a new tree. In 2023, we were able to donate $5,570 as a result – up from $3,200 the year prior – and we are continuing that partnership again this year. If you haven’t already done so, you can sign up to receive electronic versions of our Annual Report.
