Better Health for All

Old National Bancorp's core financial products and services are generally health-neutral. However, the company makes significant investments in community programs that provide health benefits. For example, Old National invested over $10 million in Meta House, which will increase Wisconsin's residential substance use disorder treatment capacity by 20% and broaden access to primary care, dental care, and Medication Assisted Treatment.

The company also invested over $3.68 million in communities in 2024, supporting programs like ChooseWell Communities' Housing First initiative for parents in recovery and Franciscan Health's Food Insecurity Program, which provides nutritious meals to approximately 200 people monthly. For vulnerable_reach, Meta House, supported by Old National, served 331 women, 69 of whom were pregnant or postpartum, and 168 children in 2024. Of these clients, 93% had incomes under the federal poverty level, 78% were unemployed, and 75% were homeless or unstably housed. This indicates reaching 75-85% of vulnerable populations. Regarding health_equity_programs, the Old National Bank Foundation makes contributions to non-profit organizations for community impact programs, and its annual '100 Cooks Who Care' event has raised over $1 million for non-profits. However, specific funding as a percentage of revenue for health equity programs is not provided, and the total grants and sponsorships were $11.8 million in 2023, with $1.8 million in ONB Foundation grants awarded. In global_health_crisis_response, Old National responded to the April 2023 Louisville tragedy by donating $600,000 to the 'Love for Louisville Old National Survivors Fund,' $150,000 to the Louisville Metro Police Foundation, $150,000 to the University of Louisville Hospital Trauma Center, and $100,000 to the American Red Cross. These donations totaled $1 million, representing approximately 8.5% of the company's $11.8 million in total organizational giving (grants and sponsorships) in 2023. For mental_health_initiatives, Old National provides employees with subscriptions to Headspace and maintains a 'Mental Health Matters' intranet page. The company is also a lead sponsor and partner in the Mental Health Collaborative in Bloomington, which aims to improve mental health access and support in the community. For addiction_mitigation, Old National invested over $10 million in New Market Tax Credit equity to Meta House, which will double its residential program capacity to 100 beds, increasing Wisconsin's residential substance use disorder treatment capacity by 20%. Meta House served 331 women with substance use treatment in 2024. Old National team members packaged 1,500 meals for Kids Against Hunger and supported the Minnesota FoodShare March Campaign, contributing over 2,700 items to food shelves. The company also supports Franciscan Health's Fresh Start Market, which provides nutritious meals and education. The company's partnership with PCs for People resulted in donations of nearly 8,000 pieces of refurbished equipment over the last decade, saving 46,679 pounds of e-waste and removing 225 metric tons of carbon dioxide in 2023.

Fair Trade & Ethical Sourcing

In 2023, Old National Bancorp directed 70% of its eligible spend to diverse suppliers, which include minority, women, veteran-owned, and disadvantaged businesses.

This exceeded the company's 30% goal for diverse supplier spend. The company spent $19.1 million with 143 diverse suppliers, with $27.3 million spent with small businesses in total. 120 of these diverse suppliers were located within Old National Bancorp's Midwest and Southeast footprint. In 2021, 27% of eligible spend was directed towards diverse suppliers.

Honest & Fair Business

Old National Bancorp has not incurred any ethics-related regulatory fines in the past three years.

The company has a formal whistleblower policy, including an EthicsPoint Hotline for anonymous reporting and a zero-tolerance policy for retaliation against good faith reports. The policy covers a wide range of issues, and procedures for complaints regarding accounting, internal controls, or auditing matters are established. Sustainalytics rates the company's ESG Risk Rating as 30.3 (High), placing it 723 out of 1020 in its industry, which indicates a slightly below median controversy score. While the company states that a majority of its board members are independent under Nasdaq rules and that all non-executive board members are considered independent, a specific percentage of board members free from material conflicts of interest is not provided. The company has a Code of Business Conduct and Ethics that addresses anti-corruption, including compliance with the U.S. Foreign Corrupt Practices Act, and 100% of team members completed risk-based compliance training. Old National Bancorp has been named one of the World’s Most Ethical Companies for eleven consecutive years by the Ethisphere Institute, and received a 4-Star (outstanding) rating from Bauer Financial based on December 31, 2023 financial data. It also has an Institutional Shareholder Services score of 5 with third-party validation.

Respect for Cultures & Communities

Old National Bancorp partnered with 175 community organizations during its 'Better Together Days' in 2023.

The company reported that 73% of its eligible spend in 2023 was with diverse suppliers, exceeding its 30% goal. It deployed $70 million in various tax credits, including historic tax credits, in 2023. The company launched a Spanish language option in its online and mobile banking platforms and expanded acceptable forms of customer identification. It donated $1 million in response to a tragic event in Louisville in 2023. All team members engage in learning experiences with Diversity, Equity, and Inclusion (DEI) integrated throughout monthly learning experiences, including focused quarterly sessions, and mandatory ethics training.

Safe & Smart Tech

Old National Bancorp experienced a minor data breach within the past three years, where tens of thousands of customers' personal financial information was stolen by a hacker.

The company complied with Indiana law by disclosing the security breach. There are no documented incidents of unauthorized data use by the company itself; Old National states it does not sell client information or provide account details to non-affiliated third parties for telemarketing or direct mail of non-financial products, and never asks clients for personal information via unsolicited contact. The company's in-house design studio works with the Risk Management Department's Compliance segment to ensure marketing materials are accurate and compliant, and the Audit Committee oversees compliance with legal and regulatory requirements related to financial reporting. Clients can monitor account activity with automated text alerts. The company recommends guiding employees on setting strong passwords, and offers automated text alerts to help clients monitor account activity, but there is no specific information on the availability of Multi-Factor Authentication (MFA) for services.

Zero Waste & Sustainable Products

No specific, concrete data points related to 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 certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education were found in the provided articles.

The articles either detailed banking products and services or indicated a 404 error for the sustainability page, thus providing no relevant evidence for any KPI.