The report is the company's second consolidated Environmental, Social and Governance (ESG) report. The report encompasses ESG policies, principles and results across the company's two primary operating subsidiaries, Hawaiian Electric and American Savings Bank, which together represent nearly 100% of subsidiary contributions to net income. The report also describes how Pacific Current, a sustainable infrastructure investment platform and the company's newest subsidiary, contributes to the company's mission to be a catalyst for a better Hawai'i, including its commitment to a sustainable future and the state's ambitious sustainability goals. This report was prepared in accordance 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. The report includes the company's first disclosures aligned with Task Force on Climate-related Financial Disclosures (TCFD) recommendations, as well as its utility data in the Edison Electric Institute ESG template format.
