2022 ASB Environmental, Social and Governance Report

THRIVING ECONOMY

Thriving Economy

HELPING SMALL BUSINESSES THRIVE

For decades, Hawaii has aimed to create a diverse and resilient economy. The Covid-19 pandemic only emphasized the importance of self-sufficiency, supporting small businesses as the lifeblood of our economy, adopting sustainable environmental and business practices and the need for collaboration across all sectors to solve key issues to truly enable our state to become less reliant on outside influences. ASB is proud to share in and be at the forefront of this mission by expanding solutions and possibilities for Hawaii consumers and businesses. We foster innovation and entrepreneurship through monetary support and by providing business and financial expertise to Hawaii’s startup community. As part of our commitment to help businesses grow and thrive, we continue to increase financing for commercial and real estate projects.

More than 99 percent of Hawaii companies are considered small businesses and employ roughly half of the local workforce, according to the U.S. Small Business Administration. At ASB, our bankers are committed to understanding the needs, challenges and goals of our business customers. In fact, helping them navigate the ups and downs of owning a successful business is what makes us tick. Our bankers understand that every business is unique and there isn’t a one-size-fits all approach to solving problems. We take the time to ask questions, listen to customers’ future plans and work with them to create personalized solutions that are right for their situation. For us, helping business customers reach the next level is a challenge we take personally. We also thoughtfully create programs that empower our community to take an active role in supporting and improving our local economy.

ASBHAWAII.COM

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16 2022 ENVIRONMENTAL, SOCIAL & GOVERNANCE REPORT