2022 Environmental, Social & Governance Report

American Savings Bank (ASB) has been proudly serving the people and businesses of Hawaii since 1925 and we are committed and passionate about making dreams possible for our customers, community and 1,100 teammates across our state. While banking is our business, it’s just one part of the bigger role we play in helping to uplift our community and make it a better place for future generations.


Our commitment is reflected in everything we do – from supporting local businesses and entrepreneurs to being responsible stewards of our environment, hiring and investing in the best employees and bringing real impact to our community. We look forward to serving Hawaii for the next 100 years and beyond.


Message from our President and CEO

Ann Teranishi, ASB's CEO


I am pleased to share our American Savings Bank 2022 Environmental, Social and Governance report. Our bank has been proudly serving the people of Hawaii since 1925 and we are passionate about making dreams possible for our customers, community and 1,100 teammates.


The past few years have changed so much for Hawaii, however the one thing that has remained constant is our long-standing commitments to our customers, community and teammates. As one of the largest financial institutions in our state, we have the privilege and opportunity to build a stronger, resilient Hawaii for future generations. When the pandemic challenged Hawaii’s economy and public health, we renewed our efforts to support our community. By supporting small businesses with Paycheck Protection Program loans, driving revenue to the restaurant and food supply industries and prioritizing our teammates’ health and well-being, we demonstrated our commitment every step of the way.


As a local company located in an island state, we have a deep responsibility to protect and care for our land and natural resources. We see the direct and societal benefits of playing a role in our clean energy future and reducing our impact on the environment. Through the planning and management of our facilities, we continue to be good environmental stewards and partners for our customers in their conservation efforts.


As I reflect on the last year, I’m especially proud of our teammates’ passion for supporting our customers and communities. In the pages that follow, you’ll find an overview of work that’s underway at ASB. It is not an exhaustive list of all of our efforts, but I believe it is a good representation of our commitment to a better Hawaii. We’re excited to share our progress through the stories in this report and are committed to finding more opportunities to create lasting positive impact across our state and beyond.


Malama pono,


Ann Teranishi

President and CEO

We always:

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Make banking easy for customers
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Deliver high performance
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Create a great place to work
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Bring real impact to our community

As one of the largest financial institutions in our state, ASB has the privilege and opportunity to create lasting positive change by enhancing the financial security and future of our customers, local businesses and economy. We are a great bank making people’s dreams possible and provide a full range of financial products and services, including business and consumer banking, home loans, insurance and investments.


Our bankers go the extra mile to meet customers where they are in their financial journey. We make people feel bigger than their bank accounts and find no greater satisfaction than listening to our customers’ unique needs and goals and providing them with personalized solutions to achieve their money – and life – milestones. We’re not your average bank and we’re proud of it.


In this report, we are happy to provide a glimpse of who we are, what we are doing to ensure our economy, customers, communities, employees and environment are thriving, and why it matters to us to be great stewards of healthy and responsible Environmental, Social and Governance practices.


Mahalo for your shared interest!

Significance of our Logo: The Kalo

The kalo (taro) is a sacred plant in Hawaiian culture and represents life, sustenance, growth and unity. Living in an island state requires that we take care of one another and work together in order to thrive. Much like the kalo roots that are interwoven in a loi kalo (taro patch), ASB is deeply rooted in our communities and we are committed to supporting the health and well-being of Hawaii’s residents.


The land upon which the ASB Campus sits was once filled with lush loi kalo, nourished by the Nuuanu Stream, which still flows alongside our building today. Just as the loi previously provided sustenance and life to the residents of this special area, we are committed to doing our part to provide abundance and growth to the Kalihi-Palama neighborhood and all the communities we serve.

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2022 Highlights

2022 ASB Highlights