Univest Financial Corporation.
UVSP.US | Other monetary intermediation
Univest Financial Corporation is a financial holding company providing a range of banking and financial services to individuals, businesses, and municipalities. Its services include commercial and retail banking, wealth management, insurance, and mortgage banking. The company operates through a netw...Show More
Better Health for All
0
Univest Financial Corporation's core business is banking and financial services, which generally have a neutral direct impact on health. While the company provides banking services to health care and social assistance industries,
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there is no evidence to quantify a direct health effect from these services on external users. The company offers various health and wellness programs, such as access to the Calm app, yoga classes, gym reimbursements, flu shots, mammograms, AEDs, and CPR classes,
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but these are internal employee benefits and do not pertain to the net health effect of the firm's principal goods or services for external users. Similarly, mental health support and health education initiatives are primarily focused on employees or financial literacy for students and customers,
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not public health education or mental health services for external populations. The company's operations do not directly involve health-related products or services, nor do they engage in activities that would typically generate direct health externalities or require specific health data management for external customers. Therefore, many KPIs are not applicable to its business model.
Fair Money & Economic Opportunity
0
No evidence available to assess Univest Financial Corporation on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
10
Univest Financial Corporation's CEO to median employee pay ratio was 26:1 in 2024.
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The company's annual turnover rate was 19.5% as of 2024, which is below the industry average of 24.1%.
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Fair Trade & Ethical Sourcing
0
No evidence available to assess Univest Financial Corporation on Fair Trade & Ethical Sourcing.
Honest & Fair Business
0
Univest Financial Corporation has not incurred any regulatory fines in the past three years, as stated in its 2024 ESG Report.
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The company has a Code of Conduct that includes an Ethics Hotline for anonymous reporting, assuring confidentiality and no retribution for employees.
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However, there is no evidence of independent investigation processes or resolution times for these reports. A substantial majority of the Board of Directors consists of independent directors, and all members of the Audit, Compensation, and Nominating and Governance Committees are independent.
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The Audit Committee reviews related party transactions quarterly, including the independent status of its members.
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For anti-corruption, a subsidiary, Univest Securities, LLC, was censured and fined $20,000 by FINRA in 2017 for failing to develop and implement an anti-money laundering program.
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While the parent company has a Vendor Code of Conduct and an ERM Committee overseeing a Third-Party Risk Management Program, there is no specific percentage of ethical claims independently verified.
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Kind to Animals
0
No evidence available to assess Univest Financial Corporation on Kind to Animals.
No War, No Weapons
0
Univest Financial Corporation is a financial holding company providing banking and financial services. The provided articles, including ESG reports and a code of conduct, detail general environmental, social, and governance initiatives, community contributions, and ethical standards. However, none of the articles contain any evidence or data points indicating involvement in arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, or any other activities related to the 'No War, No Weapons' ethical value.
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Therefore, all relevant KPIs are scored as N/A, reflecting that these activities are not part of the company's core business operations as evidenced by the provided information.
Planet-Friendly Business
0
Univest Financial Corporation published its first ESG Report on January 04, 2021.
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The company has implemented a software solution to enable the calculation of its carbon footprint.
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A comprehensive recycling plan is in place at all Univest locations.
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In 2024, 44% of consumer accounts received eStatements.
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Univest provides banking services and financing to environmentally friendly and sustainable businesses, with combined commitments of more than $42 million.
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The company's DitchCarbon score is 25, which is higher than 65% of its industry, where the industry average score is 3.
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Respect for Cultures & Communities
0
No evidence available to assess Univest Financial Corporation on Respect for Cultures & Communities.
Safe & Smart Tech
0
No specific, concrete data points were found in the provided articles to assess Univest Financial Corporation (UVSP.US) against any of the 'Safe & Smart Tech' KPIs. The articles primarily focused on financial health comparisons or general policy statements without quantitative details, specific actions, or outcomes related to data protection, cybersecurity, or AI ethics. Mentions of a Code of Conduct, privacy policy, or record retention policy in
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lack the specific metrics required by the rubric to assign a score.
Zero Waste & Sustainable Products
-30
Univest Financial Corporation has implemented several waste reduction initiatives. These include a comprehensive recycling plan in place at all locations, the use of green cleaning products, and the incorporation of recycled materials in its operations.
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