Central Pacific Bank's Commitment To Strong Communities and Sustainability Detailed In Its Environmental, Social, Governance Report 2020

HONOLULU, HI | April 29, 2021 – Central Pacific Bank (CPB) today published its Environmental, Social, Governance (ESG) Report for 2020, providing a comprehensive view into CPB’s impact in the areas of sound corporate governance, support for employees and the community, and furthering environmental sustainability. Carrying forward the legacy of its founders – WWII veterans who established CPB to provide equitable financial resources to all of Hawaii’s people – CPB remains fully committed to supporting economic opportunities, improving the lives of people, and strengthening Hawaii communities.

Highlights of CPB’s ESG Report include:

• Donations of more than $1.5 million through the CPB Foundation and the dedication of CPB employees who volunteered more than 6,500 hours of service to more than 100 non-profit organizations in
• To help save Hawaii small businesses and jobs that were at risk due to the COVID-19 pandemic, CPB also processed the highest percentage of Paycheck Protection Program (PPP) loans by any bank in any state in the country.
• In addition, CPB extended leadership and funding for innovative programs like the TRUE Initiative at the Entrepreneurs Sandbox, Mana Up, Made in Hawaii Festival, and Movers & Shakas, a remote work program.

To read the full report, visit www.cpb.bank/ESG.

“Much of our efforts in 2020 were focused on providing emergency relief to help Hawaii emerge beyond the pandemic. In looking to 2021 and beyond, CPB will continue to invest in and support the people and programs to build a bright path forward for Hawaii, such as in the areas of entrepreneurship, empowering women leaders, and renewable energy,” added Catherine Ngo, CPB President. “CPB was founded by the community, for the community. ESG is our continued all-in commitment to doing the right thing for the communities and markets we serve.”