Shore Bancshares, Inc..
SHBI.US | Other monetary intermediation
Shore Bancshares, Inc. is a financial holding company headquartered in Easton, Maryland. It operates primarily through its subsidiary, Shore United Bank, which provides a range of commercial and retail banking services to individuals, businesses, and institutions. These services include deposit acco...Show More
Better Health for All
0
No evidence available to assess Shore Bancshares, Inc. on Better Health for All.
Fair Money & Economic Opportunity
-30
Shore Bancshares, Inc. provided $67 million in PPP loans in 2021.
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With total assets of $3.5 billion in 2021, these loans represented approximately 1.91% of the company's portfolio, supporting 7,400 jobs.
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No other specific, quantitative evidence was found across the provided articles to assess Shore Bancshares, Inc. against the remaining defined KPIs for Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No quantitative data is available in the provided articles to assess Shore Bancshares, Inc. against any of the Fair Pay & Worker Respect KPIs. While the company's benefits package is mentioned, including employer-funded health, dental, vision, life, and disability insurance, a 401(k) match, paid time off, and a mental health wellbeing program, no specific percentages or metrics are provided for health insurance coverage, living wage coverage, CEO-to-median pay ratio, collective bargaining share, safety incident rates, pay equity ratios, worker engagement scores, turnover rates, labor violation incidents, or insecure contract share.
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Therefore, no KPIs can be scored.
Fair Trade & Ethical Sourcing
0
No specific, concrete data points related to Fair Trade & Ethical Sourcing for SHBI.US were found in the provided articles. The articles explicitly state that no relevant information or quantitative data for the company regarding fair trade certifications, audit frequency, forced/child labor incidents, supply chain traceability, remediation speed, ethical clause coverage, materials risk index, or supplier diversity spend was available.
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Honest & Fair Business
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Shore Bancshares, Inc. has a formal whistleblower protection policy that includes reporting mechanisms to internal counsel or the Audit Committee and protection against retaliation.
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The company's board of directors has 90% of its members free from material conflicts of interest, as stated in an April 15, 2025 proxy statement.
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Kind to Animals
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No evidence available to assess Shore Bancshares, Inc. on Kind to Animals.
No War, No Weapons
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Shore Bancshares, Inc. is a financial holding company primarily offering commercial and retail banking services. The provided articles, including financial reports, proxy statements, and press releases, consistently state that there is no data relevant to the company's involvement in arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investment, or any other defense-related activities.
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Given the company's core business as a financial institution, the absence of such data indicates that defense or arms-related activities are not part of its core operations. Therefore, the KPI for revenue from arms contracts is scored as N/A.
Planet-Friendly Business
0
No specific data is available in the provided articles to assess Shore Bancshares, Inc. against any of the planet-friendly business KPIs. explicitly states 'No data available' for all relevant metrics, including Scope 1, 2, and 3 emissions, SBTi-aligned targets, renewable energy use, water use, green building certifications, waste diversion, EU taxonomy alignment for capital expenditure, lifecycle impact analysis, recycled to virgin ratio, carbon offset quality, climate positive initiatives, supply chain climate transparency, supplier SBTi targets, biodiversity efforts, deforestation policy, environmental compliance violations, environmental impact assessments, net-zero target year, TCFD alignment, climate scenario analysis, stranded assets transparency, water from stressed basins, packaging CO2 reduction, climate justice initiatives, just transition programs, and climate adaptation financing.
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Articles and provide general information about TCFD but no company-specific data for SHBI.US.
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Respect for Cultures & Communities
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No specific, quantitative data points were found in the provided articles for any of the KPIs related to 'Respect for Cultures & Communities'. The articles primarily focus on merger details,
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general company information,
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career opportunities,
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and broad statements about community involvement
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without providing measurable metrics such as formal partnerships, percentage of revenue reinvested locally, cultural incident reports, or specific employment ratios from local communities. Therefore, no KPIs can be scored based on the evidence provided.
Safe & Smart Tech
-50
The company provides annual, mandatory security awareness training for personnel, supplemented with annual required third-party information security training, and conducts monthly email security awareness testing.
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Shore United Bank uses security measures that comply with federal law, including computer safeguards and secured files and buildings.
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The company leverages the latest encryption configurations and technologies on its systems, devices, and third-party connections, and further vets third-party vendors’ encryption.
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It also implements encryption of confidential information.
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The bank uses third parties like Facebook and Google to serve targeted ads based on behavioral data collected on websites visited across the internet.
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Stolen personal information was used to open bank-issued credit cards, resulting in $4.3 million in fraud-related expenses in Q1 2024.
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The mobile application requests access to location, camera, and contacts, with users prompted to grant permission, which can be updated in device settings.
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Users can limit the collection of behavioral data by modifying browser and ad settings.
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Shore United Bank offers Two Factor Authentication (2FA) as an option for online banking customers.
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The company uses automated vulnerability scanning tools, penetration testing, and system management tools, and conducts internal and third-party assessments regularly.
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Critical vulnerabilities are patched within 21-30 days on average. The company's Code of Ethics and Whistleblower Procedure ensure compliance with applicable rules and regulations.
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The bank is coordinating with its credit card processor to evaluate the root causes of the fraud event.
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The company states that 10-20% of products are assessed for privacy impacts, and privacy considerations are often overridden by other priorities. 40-55% of systems undergo regular security testing. The company collects data 'just in case' it might be useful, with retention periods of 5-7 years.
Zero Waste & Sustainable Products
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No specific, concrete data points related to Shore Bancshares, Inc.'s waste diversion rate, 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 score, 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.
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The articles primarily focus on financial performance and merger-related activities, explicitly stating the absence of data on zero waste or sustainable products.
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