MASHINIi

Peapack-Gladstone Financial Corporation.

PGC.US | Other monetary intermediation

Peapack-Gladstone Financial Corporation is a financial holding company. Through its subsidiary, Peapack-Gladstone Bank, it provides a range of commercial banking services to businesses, non-profits, and individuals. These services include deposit accounts, loans (commercial, real estate, and consume...Show More

Ethical Profile

Mixed.

Peapack-Gladstone Financial Corporation presents a mixed ethical profile. While recognized as one of the "Best Banks to Work For" by American Banker for four consecutive years, critics point to CEO Doug Kennedy's 2023 compensation of US$3.0 million, reportedly 110% higher than the median for similar-sized bank CEOs, with a 23:1 pay ratio. The company demonstrates community commitment, with over $790,000 in charitable donations and 1600+ employee service hours in 2024, alongside sponsoring affordable housing projects totaling $880,000 and supporting senior wellness centers. However, reports suggest a general lack of quantitative data across several areas, including environmental impact, worker engagement metrics, and specific details on ethical sourcing or cybersecurity investments, making a comprehensive assessment challenging.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity30
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-10
-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 Products0
-100100

Better Health for All

0

Peapack-Gladstone Financial Corporation is a financial holding company providing banking, wealth management, and investment services. Its core business activities do not directly involve health-related products or services, nor do they inherently cause significant positive or negative health impacts. Therefore, all KPIs related to direct health impact, safety, accessibility, innovation, externalities, equity programs, workforce support, preventative measures, data responsibility, crisis response, mental health, patents, nutrition, education, addiction, and clinical trials are not applicable to its primary operations based on the provided information.

1

Fair Money & Economic Opportunity

30

Peapack-Gladstone Bank's Community Development Loans totaled $705.2 million between 2014 and 2017.

1
This represents 19.06% of its $3.7 billion net loans and leases as of June 30, 2017.
2
The bank was found compliant with anti-discrimination laws and regulations and had no financial or legal factors preventing Community Reinvestment Act (CRA) fulfillment during its 2017 CRA Performance Evaluation.
3

Fair Pay & Worker Respect

20

For the 2024 fiscal year, the CEO pay ratio was 23:1, calculated from a CEO compensation of $2,492,621 and a median employee pay of $107,993.

1

Fair Trade & Ethical Sourcing

0

No quantitative data or specific information related to Fair Trade & Ethical Sourcing for PGC.US was found in the provided articles for any of the KPIs.

1
All articles explicitly state that no relevant data was found, leading to the omission of all KPIs.
2

Honest & Fair Business

-10

Peapack-Gladstone Financial Corporation has a formal whistleblower policy that applies to the company and its affiliates.

1
Employees can report concerns about unethical behavior, crimes, or accounting/auditing matters anonymously or by name, either orally or in writing.
2
Reporting channels include Human Resources, the President, CEO, or directly to the Chair of the Audit Committee, for whom a phone number and email are provided.
3
The policy explicitly protects employees from retaliation for reporting information in good faith.
4
The company has an anti-corruption policy that prohibits soliciting or receiving anything of value as a quid pro quo and sets a gift limit of $100 per year.
5
It also prohibits political contributions exceeding $200 in any one election cycle to New Jersey state or local public office candidates by directors and senior officers, and prohibits all political contributions in currency.
6
The Board has determined that a majority of directors and all members of the Nominating, Compensation, and Audit Committees are independent, but a specific percentage of conflict-free board members is not provided.
7
Financial statements are prepared in accordance with generally accepted accounting principles in the US, and an external audit by Crowe LLP is mentioned, but the extent of independent verification of ethical claims is not specified.
8

Kind to Animals

0

Peapack-Gladstone Financial Corporation is a financial services company, and its core business model does not involve activities related to animal products, animal testing, or animal agriculture.

1
Therefore, KPIs such as cruelty-free certification, alternative testing, humane operations, ethical input substitution, supplier audits, cage-free sourcing, animal testing policy and volume, innovation investment in animal-free technologies, animal agriculture ethics, and animal-free R&D collaboration are not applicable. The company has no involvement in animal testing, fur, or specialty leather.
2
While the bank supports charitable organizations and environmental responsibility, there is no specific evidence of engagement in animal welfare policy improvement or measurable wildlife conservation impact.
3

No War, No Weapons

0

No evidence available to assess Peapack-Gladstone Financial Corporation on No War, No Weapons.

Planet-Friendly Business

0

No specific, quantitative environmental performance data for any of the Planet-Friendly Business KPIs was found in the provided articles. The articles consistently state a lack of data regarding the company's emissions, renewable energy use, water consumption, waste diversion, green building certifications, or any climate-related targets or initiatives.

1
While some articles mention third-party ESG risk ratings or scores, these are not direct company-reported data points for the specific KPIs in the rubric and therefore cannot be used for scoring.
2

Respect for Cultures & Communities

0

The company has no reported cultural appropriation incidents in the provided articles.

1

Safe & Smart Tech

0

No specific, quantifiable evidence was found across the provided articles to score any of the KPIs for Safe & Smart Tech. The articles either state that no specific data is available, or provide general statements of intent or philosophy without concrete metrics, percentages, or outcomes that can be mapped to the rubric's quantitative thresholds. For example, while multi-factor authentication is mentioned as an option, no percentage of services or users covered is provided.

1
Similarly, general statements about 'ongoing employee education' or 'regular assessments' for cybersecurity lack the specific details required for scoring.
2

Zero Waste & Sustainable Products

0

No specific quantitative data or initiatives related to waste diversion, 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, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education are available in the provided articles for Peapack-Gladstone Financial Corporation.

1

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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.