Burke & Herbert Financial Services Corp..
BHRB.US | Other monetary intermediation
Burke & Herbert Financial Services Corp. is a bank holding company. The Bank offers various commercial and retail banking services, including deposit accounts, loan products, and wealth management services. It provides checking, savings, and money market accounts, as well as certificates of deposit....Show More
Better Health for All
0
Burke & Herbert Financial Services Corp.'s core business is banking, which has no direct positive or negative health impact, nor does it involve health-related products, services, R&D, or data. The company's operations do not generate health externalities or require specific health crisis responses. The articles mention donations to Northern Virginia Family Service (NVFS), a non-profit organization serving over 40,000 individuals annually, with total donations exceeding $225,000 over 10 years.
1
However, the articles describe NVFS's focus as 'community development' and 'helping families and individuals in need,' without specifying that these services or the donations are directly related to health outcomes, health accessibility, or health disparities.
2
Therefore, there is no explicit evidence to score KPIs related to health equity programs or vulnerable reach.
Fair Money & Economic Opportunity
0
No evidence available to assess Burke & Herbert Financial Services Corp. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
0
No evidence available to assess Burke & Herbert Financial Services Corp. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
0
Burke & Herbert Financial Services Corp. is a bank holding company. The provided articles discuss community donations, the benefits of community banking, and governance documents. None of the articles contain specific data points related to the procurement of physical commodities, supply chain audits, ethical sourcing clauses, or any other metrics relevant to the Fair Trade & Ethical Sourcing value. Therefore, all KPIs are scored as N/A because the company's core business as a bank does not involve the procurement or trade of physical commodities or a supply chain that would typically require these specific ethical sourcing practices.
Honest & Fair Business
0
A Whistleblower Policy document is available on the company's investor relations website.
1
No further details regarding the policy's scope, effectiveness, or specific features, such as training, hotline usage, or resolution processes, are provided in the articles.
Kind to Animals
0
The provided articles, consisting of an ESG risk rating and annual reports for Burke & Herbert Financial Services Corp., detail the company's financial performance and general ESG risk profile. These articles do not contain any specific data or information relevant to animal welfare, animal testing, animal-derived products, habitat conservation, or any other metrics related to the 'Kind to Animals' value.
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Therefore, no KPIs can be scored based on the evidence provided.
No War, No Weapons
0
No specific, concrete data points were found in the provided articles for any of the KPIs related to the 'No War, No Weapons' ethical value. The articles discuss general company information, stock holdings,
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ESG risk ratings,
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and banking services for government contractors,
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but none provide quantitative or qualitative evidence directly addressing BHRB.US's involvement in arms/defense, dual-use technology, sales to embargoed regimes, peacebuilding investments, divestment policies, board oversight of defense, export controls, lobbying on arms control, humanitarian procurement, human rights due diligence in conflict areas, Arms Trade Treaty compliance, AI military safeguards, UN Guiding Principles alignment, dual-use screening, surveillance transparency, ethical red lines, exposure to controversial weapons, war-risk audits, conflict partner reviews, defense divestment, conflict minerals, peace tech investment, or conflict zone procurement.
Planet-Friendly Business
0
No specific, concrete data points related to environmental performance, climate action, or sustainability initiatives were found across the provided articles.
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The articles primarily focus on financial results, merger impacts, and regulatory matters.
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Therefore, no KPIs under the 'Planet-Friendly Business' value can be scored based on the available evidence.
Respect for Cultures & Communities
-20
In 2023, Burke & Herbert Bank's net income was $20 million.
1
The Burke & Herbert Bank Foundation supported the McCoy-McMechen Museum with a $50,000 donation.
2
This donation represents 0.25% of the 2023 net income. The company also made $1.5 million in community contributions in 2023 and donated $28,800 to NVFS, contributing to over $225,000 in total donations between 2014 and 2024.
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In 2022, the company faced a Community Reinvestment Act (CRA) challenge regarding mortgage lending disparities, with 119 mortgage loans to whites and 16 to African Americans overall, and the FDIC overruled its response to this challenge.
4
Employee reviews on Glassdoor indicate a Diversity, Equity, and Inclusion (DEI) rating of 3.4 out of 5, which is equal to the average for the Financial Services sector.
5
Safe & Smart Tech
-30
Burke & Herbert Bank provides security training upon hiring, annual refresher training, and phishing exercises for all employees.
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The company uses Secure Sockets Layer (SSL) protocol for data encryption and is certified as a 128-bit secure server by VeriSign, which is a basic industry standard.
2
For authentication, the bank uses a password-controlled system with a '3 strikes and you're out' lockout mechanism and a VeriSign Digital ID, but multi-factor authentication is only recommended, not required.
3
The company performs regular vulnerability scanning, remediation, and penetration testing, and conducts an annual risk assessment, but critical vulnerabilities are patched within 21-30 days on average.
4
Security testing includes using standard software to collect non-identifying information and regular security testing for 40-55% of systems.
5
The bank complies with federal laws and regulations, including a rule requiring notification to federal regulators within 36 hours of a material cybersecurity incident.
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Customers can request personal data deletion, but the policy does not detail comprehensive user controls.
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The bank collects personal information when customers open accounts, deposit money, apply for loans, or provide income/employment details, and retains information even after a customer relationship ends.
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The bank shares personal information for everyday business, marketing, and joint marketing purposes, but customers can limit some sharing.
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There are no documented incidents of unauthorized data use by the company.
Zero Waste & Sustainable Products
0
No specific, concrete data points were found in the provided articles for any of the KPIs related to Zero Waste & Sustainable Products for Burke & Herbert Financial Services Corp. The articles primarily focused on financial performance, general carbon emissions (without specific waste data), or were not relevant to the company or the ethical value being assessed.