Environmental, Social and Governance (ESG) at Commerce Bancshares, Inc.
At Commerce, sustainability in business is an integral part of our decision-making and culture. We leverage Environmental, Social and Governance (ESG) reporting best practices to assess the results of our socially responsible initiatives. We believe ESG initiatives and standards are intrinsically aligned with our corporate core values — We have a long-term view. We collaborate as one team. We act with integrity. We are customer focused. We strive for excellence.
ESG principles and best practices are incorporated in all aspects of our business model, and we track and report on meaningful data and metrics to foster transparency and accountability. Our ESG efforts are overseen by our ESG Management Committee, along with two cross-functional working groups. The ESG Management Committee provides regular updates on ESG efforts to the Enterprise Risk Management Committee as well as the Audit and Risk Management Committee.
ESG Initiatives and Reporting
To help ensure we remain accountable and maintain sustainability in our business practices, we report on both our financial and nonfinancial performance each year. Our Environmental, Social and Governance (ESG) Report builds upon the Commerce Bancshares, Inc. Annual Report to shareholders and our socially responsible initiatives.
The ESG Report assesses the impact of our ESG initiatives in several key areas, including community, customer, and team member engagement; corporate governance; and environmental sustainability. The report incorporates key data and metrics to deepen the connection between our business and stakeholders in the areas we believe will drive value over the long term.