HomeStreet, Inc..
HMST.US | Other monetary intermediation
HomeStreet, Inc. is a diversified financial services company headquartered in Seattle, Washington. The company operates primarily through its bank subsidiary, HomeStreet Bank, offering a range of commercial and retail banking services. These services include commercial real estate lending, single-fa...Show More
Better Health for All
0
HomeStreet, Inc. is a financial services company, and its core business activities, such as commercial and retail banking, lending, and deposit products, do not inherently have direct positive or negative health impacts as defined by the 'Better Health for All' value. The provided articles detail the company's community investment activities, including contributions to affordable housing programs and support for low- and moderate-income communities, as well as general donations and volunteer hours. However, these initiatives are related to housing and financial access, not directly to health products, services, or outcomes. No evidence was found in the articles that directly addresses any of the specific health-related KPIs, such as health impact of products, harmful revenue, safety records for health products, price accessibility of health products, vulnerable reach for health needs, health risk transparency, health innovation investment, health externalities, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, mental health initiatives, pharma patent flexibility, nutrition and food safety, healthcare education, addiction mitigation, or clinical trial ethics.
1
Therefore, all KPIs are omitted due to a lack of relevant evidence.
Fair Money & Economic Opportunity
-50
HomeStreet Bank received 'satisfactory' ratings in its Community Reinvestment Act (CRA) examinations in both 2020 and 2023.
1
The company partners with BALANCE to provide free access to financial education and resources, including BalanceTrack educational modules, a 'Road To Homeownership' booklet, and live money management webinars.
2
HomeStreet also provides an 'Education Center' with Balance Pro resources covering topics like Banking Basics, Home Ownership, and Managing Credit & Debt.
3
In 2024, HomeStreet donated $415,000 to local non-profit organizations.
4
Fair Pay & Worker Respect
0
The company has an employee recommendation rate of 72%.
1
Fair Trade & Ethical Sourcing
0
No evidence available to assess HomeStreet, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
-50
HomeStreet, Inc. settled SEC allegations of improper hedge accounting and impeding potential whistleblowers, resulting in a $500,000 fine.
1
The SEC alleged the company impeded whistleblowers by actions taken to determine their identity and by language in severance agreements that removed financial incentives for reporting violations.
2
This constitutes documented suppression of internal reports, despite the existence of a formal whistleblower policy. The company also disclosed errors in the analysis of hedge effectiveness related to 14 hedges in a November 13, 2014 filing, indicating at least one restatement in the past five years.
3
While the company has an Amended and Restated Code of Business Conduct and Ethics (October 25, 2023) that includes an anti-corruption policy addressing Foreign Corrupt Practices Act (FCPA) compliance, there is no evidence of frequent training or effectiveness metrics for this policy.
4
Kind to Animals
0
No evidence available to assess HomeStreet, Inc. on Kind to Animals.
No War, No Weapons
0
No evidence was found in the provided articles to assess HomeStreet, Inc. against the 'No War, No Weapons' ethical value. The articles explicitly state that they do not contain data relevant to arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investment, conflict divestment, board oversight of defense, export certifications, lobbying, humanitarian compliance, human rights due diligence, Arms Trade Treaty compliance, AI military safeguards, UNGP alignment, dual-use screening, surveillance transparency, ethical red lines, zero exposure to controversial weapons, war risk audits, annual conflict partner reviews, defense divestment, conflict minerals, peace tech investment, or conflict zone procurement.
1
Planet-Friendly Business
0
Based on the available evidence, there is insufficient information to accurately assess HomeStreet's alignment with planet-friendly business practices. The 2022 ESG report (
1
,
2
) provides limited quantitative data on environmental impact, with no disclosure of Scope 1, 2, or 3 emissions, water use, or waste diversion rates. While some offices are located in LEED-certified buildings (
3
), the percentage of green-certified buildings is not specified. The company references peer ESG disclosures (
4
), but no specific targets or initiatives are detailed. The KB Home 2024 Sustainability Report (
5
) is not directly applicable to HomeStreet. The Seeking Alpha article (
6
) focuses on financial performance and does not contain any environmental data. Without quantitative environmental data or documented sustainability commitments, no meaningful assessment can be made. The company's business model has a low level of materiality regarding Planet-Friendly Business.
Respect for Cultures & Communities
0
No evidence available to assess HomeStreet, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
0
HomeStreet, Inc. has not experienced any material cybersecurity incidents in the last three fiscal years, incurring no penalties or settlements.
1
The company conducts regular cybersecurity training programs for employees, management, and directors, including annual customer data handling training for all employees, annual cybersecurity management and incident training for employees handling sensitive data, and regular phishing email simulations for all employees and contractors with corporate email access.
2
The company requires employees and third-party service providers to treat customer information with care through policy, practice, and contract,
3
and states no customer data or other sensitive information is stored on mobile devices.
4
HomeStreet proactively informs customers of substantive changes related to customer data handling
5
and advises them to review account balances and transactions regularly.
6
The company states it will never call and ask for online banking login information,
7
recommends using two-step verification, out-of-band authentication, and multiple approvals for monetary transactions,
8
and advises against shared usernames and passwords for online business banking.
9
HomeStreet conducts regular network and endpoint monitoring, vulnerability assessments, and penetration testing.
10
It also closely monitors emerging data protection laws and implements changes to comply,
11
comparing its processes to standards set by NIST, ISO, and CIS.
12
The company recommends using Bill Pay instead of checks to limit account number exposure and using pre-notification transactions to verify ACH account numbers.
13
It also recommends using a dedicated PC solely for financial transactions to limit data collection.
14
The company uses state-of-the-art security encryption, encrypting all log-in credentials and data during transmission.
15
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. While the company's 2022 ESG report mentions general sustainable operations such as LED lighting upgrades, recycling, and water conservation, it explicitly states that it does not contain specific data on 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 certifications, waste disposal violations, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education.
1
Therefore, no KPIs can be scored based on the available evidence.