Wintrust Financial Corporation.
WTFC.US | Other monetary intermediation
Wintrust Financial Corporation is a financial holding company based in Rosemont, Illinois. It operates as a community-oriented financial services provider, delivering a range of banking, wealth management, and commercial services to individuals, small to mid-sized businesses, and local communities. ...Show More
Better Health for All
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No evidence available to assess Wintrust Financial Corporation on Better Health for All.
Fair Money & Economic Opportunity
-40
Wintrust Financial Corporation faces a lawsuit alleging racial discrimination in mortgage lending, with Black applicants having a 59.5% approval rate compared to 73% for White applicants, and Black applicants receiving an average interest rate of 3.31% versus 3.21% for White applicants.
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This lawsuit is a significant adverse finding. While 13 of 15 bank charters received "outstanding" Community Reinvestment Act (CRA) ratings as of 2023,
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the active lawsuit indicates a major compliance issue. In 2023, the company provided over $207 million in affordable homeowner mortgages and more than $160 million in SBA loans.
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These inclusion initiatives, totaling approximately $367 million, represent about 0.73% of the company's total assets of $50.1 billion,
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falling under 2% of the portfolio. Wintrust offers financial education through its Money Smart program, reaching over 16,000 people through more than 3,000 hours of instruction in 2023.
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Additionally, 40% of retail banking locations opened since 2019 are in low- and moderate-income neighborhoods,
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and 54% of recently opened retail banking locations are in these areas.
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Fair Pay & Worker Respect
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No evidence available to assess Wintrust Financial Corporation on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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The provided articles, including Wintrust Financial Corporation's Corporate Social Responsibility Reports for 2022 and 2023, and its Corporate Code of Ethics, do not contain specific data or metrics related to fair trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clause coverage in supplier contracts, materials risk index, or supplier diversity spend for WTFC.US.
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The reports explicitly state a lack of specific data on these areas.
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Honest & Fair Business
-50
Wintrust Financial Corporation has a formal whistleblower protection policy, adopted in October 2018, which includes a confidential hotline, anonymous reporting options, and protection against retaliation.
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It also outlines procedures for investigations and assigns responsibilities to the Audit Committee, General Counsel, and Internal Audit.
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The company's Corporate Code of Ethics, effective October 2024, references compliance with anti-corruption laws like the FCPA.
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However, there is no evidence regarding the frequency or effectiveness of training for this policy. The company received an overall 'D' (35.2) impact score from Ethos ESG, placing it in the bottom 25% (31st out of 37) of its industry peers for ESG controversies.
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Specific material causes, such as Sustainable Use of Natural Resources, Reduced Inequality, and Reduced Waste, also received 'D' or 'F' scores.
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Kind to Animals
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Wintrust Financial Corporation is a financial services company and, as such, its core business operations do not involve activities related to animal testing, animal agriculture, or the use of animal-derived ingredients in products. The provided articles, which include corporate social responsibility reports, focus on financial performance, community involvement, and general ESG ratings. There is no evidence of any direct involvement in activities that would require scoring against KPIs such as cruelty-free certification, alternative testing methods, humane certifications for animal operations, ethical input substitution, animal-related supplier audits, cage-free sourcing, animal testing policies or volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement related to animal welfare. Therefore, all applicable KPIs are scored as N/A.
No War, No Weapons
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No evidence available to assess Wintrust Financial Corporation on No War, No Weapons.
Planet-Friendly Business
-40
Wintrust Financial Corporation reported total Scope 1 and 2 greenhouse gas emissions of 18,606.7 metric tons CO₂e for 2023.
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The company's 2023 Corporate Social Responsibility Report Summary explicitly states that it does not provide specific data on Scope 3 emissions.
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While the reported Scope 1 and 2 emissions are relatively low, the absence of Scope 3 data means the company does not provide a full Scope 1-3 disclosure.
Respect for Cultures & Communities
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The provided articles describe Wintrust's general community engagement, sponsorship, and outreach initiatives, including partnerships with various organizations like sports charities and universities, and a commitment to building sustainable communities.
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However, none of the articles contain specific quantitative data points or metrics that align with the defined Key Performance Indicators for 'Respect for Cultures & Communities'.
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The articles explicitly state a lack of quantitative data relevant to the requested metrics, such as the number of formal partnerships with indigenous or local community groups, percentage of revenue reinvested locally, cultural appropriation incidents, or details on cultural impact assessments, employment ratios, or grievance mechanisms.
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Safe & Smart Tech
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Wintrust Financial Corporation reported no data breaches requiring disclosure in 2023 and 2024.
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The company invests in employee security education, including ongoing training, multiple cybersecurity courses, and monthly mock phishing campaigns, and has a two-year program to train employees for entry-level cybersecurity roles.
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Wintrust states it only processes Sensitive Personal Information for its originally collected purpose and retains information for a period that is reasonably necessary and proportionate to the stated purpose or as required by law.
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The company has a 24/7 Security Operations Center that actively monitors, analyzes, and mitigates potential threats, and mentions detecting security incidents and debugging products to identify and repair errors.
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One incident of attempted data exfiltration was detected and contained.
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For California consumers, the company outlines rights to access, correct, and request deletion of personal information, with requests handled within 45 days, extendable to 90 days.
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Wintrust is dedicated to following legal and regulatory requirements across its operating jurisdictions, including compliance with the California Privacy Rights Act (CPRA), Gramm-Leach-Bliley Act (GLBA), and Fair Credit Reporting Act (FCRA), and notifies federal regulators of computer-security incidents within 36 hours.
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The company's new ATMs feature contactless card readers, and it uses tools like ThousandEyes and Splunk, implying security testing, but specific coverage metrics are not provided.
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Zero Waste & Sustainable Products
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The provided articles, including the 2022 and 2021 Corporate Social Responsibility Reports, explicitly state that no specific data is available regarding Wintrust Financial Corporation's 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.
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Therefore, no KPIs under the 'Zero Waste & Sustainable Products' value can be scored based on the evidence provided.