Better Health for All

Hanmi Financial Corporation's core business is banking, which does not directly involve health-related products or services. Consequently, many KPIs related to direct health impact, harmful revenue, safety records, health product accessibility, health innovation, pharmaceutical patents, nutrition, addiction mitigation, and clinical trial ethics are not applicable.

While the company's ESG report mentions climate change risks and mitigation efforts, these are not explicitly linked to direct health externalities. The company also mentions data security and privacy, but not specifically for health-related data. There is no evidence of specific programs or investments directly aimed at strengthening the healthcare workforce, promoting preventative health measures for the public, or addressing mental health needs beyond internal employee wellness initiatives. Financial literacy programs and support for underserved communities are not considered direct health equity or health education initiatives under this value's definition.

Fair Money & Economic Opportunity

Hanmi Bank received a 'Satisfactory' overall CRA rating in June 2023, but its lending and investment tests were rated 'Low Satisfactory'.

Its previous CRA rating in May 2021 was 'Needs to Improve'. Small business loans accounted for $146.3 million in 2022, representing 2.43% of its $6.0 billion total loan portfolio as of March 31, 2023. The bank offers various SBA loan types, Hanmi Express, and Hanmi Micro-Loan programs, totaling approximately $496.4 million across 1,784 loans. Hanmi partnered with organizations supporting women business owners and provided business tips to business owners. It also offered financial education courses in Chicago and partnered with ZAM’s Hope Community Resource Center to offer financial education to immigrants. HoneyBee, a partner, provides monthly financial education workshops. Hanmi Bank does not have any branches in Southern Dallas, an area with 163,000 unbanked/underbanked residents in the DFW MSA. Hanmi's Choice Checking account has no overdraft fees, a $25 minimum balance to open, and waives the $4.95 monthly fee with one direct deposit.

Fair Pay & Worker Respect

Hanmi Financial Corporation demonstrates mixed performance regarding fair pay and worker respect. The CEO-to-median employee pay ratio is 29:1, which is relatively good compared to some industries

, , . However, employee reviews on Indeed and Glassdoor consistently cite concerns about low pay relative to industry standards , , . Some reviews also mention issues with management, lack of training, and limited career advancement opportunities , , . There is no available data on living wage coverage, pay equity, safety incident rates, or collective bargaining share. Given the concerns about pay and the lack of comprehensive data, a conservative score is warranted. The materiality analysis indicates a medium level of impact, as the company's primary impact is through its direct employment practices. **Assessment Limitations:** The absence of quantitative data on key metrics like living wage coverage and pay equity limits the assessment's precision. , , , ,

Kind to Animals

Hanmi Financial Corporation operates as a bank holding company, providing financial services. The provided articles, including those detailing corporate sustainability and ESG initiatives, do not contain any specific information or data points related to animal welfare, animal testing, animal-derived products, humane certifications, wildlife conservation impact, or ethical sourcing practices.

Therefore, no KPIs can be scored based on the available evidence.

Planet-Friendly Business

Hanmi Financial Corporation, a services provider, reported total corporate carbon emissions of 4,782 metric tons CO2e, which is considered non-material for its business type.

The company has a stated net-zero emissions target for 2040. Its 2022 ESG report indicates no regulatory actions, violations, fines, or compliance issues were mentioned.

Respect for Cultures & Communities

Hanmi Financial Corporation has no reported cultural appropriation incidents.

The company provides an Ethics Hotline for confidential reporting of concerns or improper conduct. In 2022, the company donated over $300,000 to non-profit partners and provided $150,000 in scholarships annually through its Dream Scholarship program. Since 2016, over $785,000 in scholarships have been provided to 354 diverse students. In February 2022, an initial investment of $830,000 was made into a Community Reinvestment Act fund.

Zero Waste & Sustainable Products

The provided articles, including summaries of the 2022 and 2023 ESG Reports, do not contain any specific quantitative data or concrete facts related to waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability scores, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education.

Therefore, no KPIs can be scored against the 'Zero Waste & Sustainable Products' value.