2022 ASB Environmental, Social and Governance Report

THRIVING COMMUNITIES

RESTORING HOPE TO A CHALLENGED COMMUNITY

American Savings Bank has been committed to the ongoing revitalization of the Aala/Chinatown/Kalihi Palama area since we purchased the land for our new ASB Campus in 2014. Since then, we’ve organized regular Aala Park and neighborhood cleanups and have made big investments to improve the area, which for decades, has been synonymous with illegal activity. Since moving over 650 teammates to our Campus in 2019, we have stepped up our efforts to revitalize our neighborhood and continue to partner with a number of public and private entities, including the Trust for Public Land, Weed & Seed program, which was relaunched by the Honolulu Prosecutor’s Office, Chinese Chamber of Commerce, Chinatown 808 and various art and community organizations to restore the area to the safe and thriving community gathering place it once was.

As part of our partnership with the Trust for Public Land’s Parks for People pilot program, the community was surveyed and asked to share their hopes and dreams for the area to inform future improvement plans. The goal is to create a shared vision for the future of Aala Park and honor its rich history and diversity through a collaborative, grassroots and community-based design process.

In 2022, ASB invested more than $250,000 to provide positive, family-friendly activities in Aala Park, including: • Weekly youth skateboard clinics and dog obedience trainings • An immigration resource fair • A Dragon Boat Festival – this year on land! • Youth sports clinics for soccer, flag football and speed and agility, in partnership with i9 and Hawaii Speed & Quickness • A skateboard giveaway and clinic for 50 youth where each participant received a brand new skateboard, ASB skateboard bag, helmet, sneakers, lessons from notable skateboarders and a professional skateboard demonstration by Jaime Reyes, a Hawaii native and one of only three women to be on the cover of Thrasher Magazine.

“Aala Park has a special place in our hearts and we are thrilled to collaborate with such visionary community partners to restore it to a vibrant gathering place for families and neighbors.” — Beth Whitehead , EVP, Chief Administrative Officer

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48 2022 ENVIRONMENTAL, SOCIAL & GOVERNANCE REPORT