Hingham Institution for Savings.
HIFS.US | Other monetary intermediation
Hingham Institution for Savings is a financial institution providing banking services. Its primary activities include accepting deposits, originating loans (including residential and commercial real estate loans, as well as commercial and industrial loans), and investing in securities. The bank oper...Show More
Better Health for All
0
Hingham Institution for Savings is a financial institution whose core business activities, such as accepting deposits, originating loans, and investing in securities, do not inherently have a direct positive or negative impact on health outcomes. The provided article contains no evidence of the company engaging in activities related to medical treatments, preventative healthcare, mental/physical wellness programs, or addressing health disparities.
1
Therefore, KPIs related to direct health impact, harmful revenue, safety records, price accessibility, vulnerable reach, risk transparency, health externalities, preventative health measures, healthcare data responsibility, global health crisis response, mental health initiatives, pharma patent flexibility, nutrition and food safety, healthcare education, addiction mitigation, and clinical trial ethics are scored as 'Not Applicable' or 'Neutral' based on the nature of the business and lack of specific health-related evidence.
Fair Money & Economic Opportunity
0
No evidence available to assess Hingham Institution for Savings on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
-10
In 2024, the CEO's total compensation was 20.7 times the median employee compensation.
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Employee reviews indicate an overall satisfaction rating of 3.1 out of 5 stars based on 22 reviews, and 58% of employees would recommend working at the company.
2
Several employee reviews mention high turnover, though a specific percentage is not provided.
3
The company offers health insurance as part of its 401(k) plan, but the percentage of the workforce covered is not specified.
4
Fair Trade & Ethical Sourcing
0
Hingham Institution for Savings is a financial institution primarily involved in banking services, including deposits, loans, and investments.
1
Its business model does not involve the procurement or trade of physical commodities or materials that would typically require fair-trade certifications, supply chain audits for welfare or sourcing, traceability of provenance, or remediation processes related to ethical sourcing.
2
Therefore, all KPIs under the 'Fair Trade & Ethical Sourcing' value are not applicable to the company's operations.
Honest & Fair Business
-40
Hingham Institution for Savings has established procedures for the confidential receipt and handling of anonymous submissions of concerns regarding questionable accounting practices or policy violations, with complaints directed to the Audit Committee Chairman.
1
The Audit Committee Charter states that all its members are independent directors, and the Audit Committee oversees compliance with FDIC and NASDAQ regulations.
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However, a specific percentage of board members free from material conflicts of interest is not provided.
3
Kind to Animals
0
Hingham Institution for Savings (HIFS.US) is a financial institution primarily engaged in banking services, including deposits and real estate mortgage lending.
1
Its core business model does not involve activities related to animal welfare, animal testing, animal agriculture, or the use of animal-derived products or ingredients.
2
The provided articles, including the 2024 Form 10-K and annual reports, focus on financial performance and operations, explicitly stating that no data relevant to animal welfare practices, policies, or certifications is available for HIFS.US.
3
No War, No Weapons
0
Hingham Institution for Savings (HIFS.US) is a financial institution primarily focused on commercial and residential real estate mortgage lending, accepting deposits, and investing in securities.
1
The company's 2024 annual report details its business activities, which do not include any engagement in arms or defense contracts, dual-use technology, or other military-related operations.
2
The report explicitly states that it does not contain information relevant to HIFS's involvement in any defense or arms-related activities, indicating that these are not part of its core business or operations.
3
Therefore, all KPIs related to military, defense, or conflict-related activities are scored as N/A, as they are not applicable to the company's described business model.
Planet-Friendly Business
-20
The company reported no environmental compliance issues, violations, or fines in 2024.
1
indicating an exemplary compliance history.
Respect for Cultures & Communities
0
No specific data or evidence was found in the provided article to assess HIFS.US against any of the KPIs for the 'Respect for Cultures & Communities' value.
1
The article explicitly states that no data is available.
2
Safe & Smart Tech
-20
Hingham Institution for Savings reported zero major data breaches in the past three years.
1
The company invested $1.4 million in cybersecurity in 2024, which represents approximately 2.14% of its $65.5 million revenue for the same year.
2
The company states compliance with federal law regarding data sharing, Massachusetts banking regulations, federal banking laws, CFPB rules, and CRA regulations.
3
No regulatory actions, violations, or fines have been mentioned.
4
HIFS implemented AI-driven risk assessment tools in 2023 with a $2.5 million investment, achieving 92.4% risk prediction accuracy.
5
The company's privacy notice mentions security measures like computer safeguards and secured files/buildings, but no specific incidents of unauthorized data use are reported.
6
Consumers have the right to limit some, but not all, data sharing.
7
HIFS collects only necessary data for account management, transactions, and legal requirements, but retention policies are not detailed.
8
Zero Waste & Sustainable Products
0
The provided articles, which primarily consist of financial reports and a general ESG score overview, do not contain any specific, quantitative data or concrete information related to Hingham Institution for Savings' performance on waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education.
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Multiple articles explicitly state the absence of such data.
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Therefore, no KPIs under the 'Zero Waste & Sustainable Products' value can be scored based on the evidence provided.