MASHINIi

Enterprise Bancorp Inc.

EBTC.US | Other monetary intermediation

Enterprise Bancorp, Inc. operates as the bank holding company for Enterprise Bank & Trust Company that provides banking and financial services to individuals, businesses, non-profit organizations, and government entities in Massachusetts and New Hampshire. It offers various deposit products, includi...Show More

Ethical Profile

Mixed.

Enterprise Bancorp Inc. shows a mixed ethical profile. In 2023, the bank provided over $120 million in small business loans, $104 million in community development loans, and $149 million in loans within LMI census tracts, alongside financial literacy training. However, reports suggest a lack of specific data on pricing fairness or exploitative fees. The company also highlights environmental efforts like a 32.3% e-statement adoption and recycling around 145,000 pounds of paper annually, plus sustainable facility upgrades. Critics point to insufficient public data on overall waste diversion or product sustainability. Many other ethical areas lack sufficient public information for a comprehensive assessment.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity20
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing-10
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

0

No evidence available to assess Enterprise Bancorp Inc on Better Health for All.

Fair Money & Economic Opportunity

20

The company received 'High Satisfactory' ratings for lending and investment, and an 'Outstanding' rating for service under the Community Reinvestment Act (CRA).

1
No regulatory findings or fines for unfair or discriminatory lending practices were mentioned.
2

Fair Pay & Worker Respect

0

No evidence available to assess Enterprise Bancorp Inc on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

-10

Enterprise Bancorp, Inc. is a financial services company, meaning many KPIs related to physical commodities or manufacturing supply chains are not applicable. The company has a Third Party Code of Conduct and a Vendor Code of Conduct that set expectations for ethical, human rights, and labor standards within its third-party network and vendor relationships.

1
These documents serve as ethical clauses, and the Bancorp's Code of Ethics and Business Conduct also applies to business partners, suppliers, and contractors, requiring compliance with human rights laws.
2
In 2022, 11.1% of the company's addressable spending was with tier one diverse suppliers, an increase from 8.6% in 2021.
3
The combined Tier 1 and Tier 2 spending with diverse suppliers reached $151.1 million in 2022.
4
The company has a 2025 goal to direct 10% of addressable spending to diverse suppliers.
5

Honest & Fair Business

0

No specific, concrete data points were found in the provided article to assess EBTC.US against any of the 'Honest & Fair Business' KPIs.

1
The article explicitly states that no data is available.
2

Kind to Animals

0

No evidence available to assess Enterprise Bancorp Inc on Kind to Animals.

No War, No Weapons

0

No evidence was found in the provided articles to assess Enterprise Bancorp Inc (EBTC.US) against the 'No War, No Weapons' ethical value. pertains to a different entity, a rural bank in the Philippines (www.enterprisebank.ph), and its information is not applicable to EBTC.US.

1
The remaining articles either explicitly state a lack of relevant data or failed to provide content for analysis.

Planet-Friendly Business

0

No evidence available to assess Enterprise Bancorp Inc on Planet-Friendly Business.

Respect for Cultures & Communities

0

No evidence available to assess Enterprise Bancorp Inc on Respect for Cultures & Communities.

Safe & Smart Tech

0

No evidence available to assess Enterprise Bancorp Inc on Safe & Smart Tech.

Zero Waste & Sustainable Products

-30

The company has implemented several waste reduction initiatives. In 2023, the e-statement adoption rate reached 32.3%, leading to substantial paper and envelope savings.

1
Electronic envelopes increased by 211% and digital pages sent by 409% in 2023 compared to 2022.
2
The bank also shreds and recycles approximately 145,000 pounds of paper annually.
3
Furthermore, over 90% of the bank's in-house server environment is virtualized
4
, and electronic application submissions saved an estimated 53,289 pages.
5
For hazardous waste, the bank partners with an ISO 14001-certified company for electronic waste recycling
6
, which is compliant with Massachusetts regulations.
7

Own Enterprise Bancorp Inc?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.