ENVIRONMENTAL SOCIAL & GOVERNANCE REPORT

At HEI, environmental, social and governance (ESG) principles and sustainability have long been fundamental values, so much so that we've often said that ESG is in our DNA. With all of our operations in the middle of the Pacific Ocean, we know that our company's long-term health is inextricably linked with the strength of the economy, communities, and environment of the islands we call home. This is why our mission is to be a catalyst for a better Hawaii.

We're committed to transparency and providing information to allow customers, community leaders, investors and other stakeholders understand how our strategies and operations advance ESG objectives and contribute to long-term value creation. That's why we're proud to present our first ESG Report.

This report encompasses ESG policies, principles and results reported from January-December 2019 across our two primary operating subsidiaries, Hawaiian Electric and American Savings Bank. This report is aligned with Sustainability Accounting Standards Board (SASB) guidance - using the electric utilities standard for Hawaiian Electric, and the commercial banks, commercial finance, and mortgage finance standards for American Savings Bank. In future reports, we intend to incorporate disclosures relating to climate change based on recommendations from the Task Force on Climate-related Financial Disclosures (TCFD).

To access the 2020 HEI ESG Report, click download or view online.