Seacoast Bank - Home Page

Sustainability

At Seacoast, our board and management team recognize the importance of operating in a responsible and sustainable manner that is aligned with our mission, vision and values.



ENVIRONMENTAL



We have been serving our Florida-based communities since 1926 and are aware of the unique exposures of our communities to climate change and to weather-related events.

DISASTER RESPONSE PROGRAMS

Seacoast has invested a great deal of time and effort into developing a strong business continuity plan. We understand that our customers may experience financial challenges as a result of business interruption from disasters and other emergencies. Seacoast Bank assists by offering special programs to meet individual customer needs. 

CORPORATE ENERGY CONSERVATION EFFORTS

Select locations are LEED-certified facilities

Leadership in Energy and Environmental Design (“LEED”) is the most widely used green building rating system in the world, providing a framework for healthy, highly efficient, and cost-saving green buildings. Registered through the U.S. Green Building Council, LEED certification is a globally recognized symbol of sustainability achievement and leadership.

Select locations with electric vehicle charging stations

Electric vehicle (“EV”) charging stations, currently available at selected branches, provide a valuable amenity for our customers and associates and support the transition away from fossil fuels. Use of these charging stations and the vehicles they support has a tangible impact on greenhouse gas emissions.

Using reclaimed water for irrigation

While water covers over 70% of the earth’s surface, only 0.5% of the earth’s water is drinkable. To preserve that precious resource, our facilities use reclaimed water whenever possible to maintain landscaping. Since 2013, Seacoast has saved 350,000 gallons of drinkable water by using reclaimed water.

LED lighting

LED lights use energy much more efficiently than other types of bulbs, producing light up to 90% more efficiently than incandescent light bulbs and 80% more efficiently than CFLs. Throughout most of our facilities, interior and exterior lighting has been converted to LED, which also saves electricity and materials costs because the life span of LEDs far surpasses that of other bulbs.

Recycling program

Recycling and paper shredding programs have been implemented across our footprint, including on our main campus. In addition, electronics are recycled according to federal, state and local guidelines, as well as certified R2 and ISO 14001 guidelines.

Printing and paper reduction

We have optimized many of our operational processes, including consolidating printers and increasing awareness of printing and paper use. These changes have helped substantially reduce our use of consumables such as paper, ink, and toner, while reducing electricity use and maintenance costs. Toner cartridges are recycled and paper waste is disposed of responsibly.

Supplies and sourcing

Centralized sourcing for the purchase of office supplies reduces waste and lowers costs. Our robust third party risk management function works to ensure that our suppliers apply sustainable and resilient business practices.



SOCIAL



We believe that a key element of sustainability is being a great place to work for our employees. In 2020 and 2021, Seacoast Bank was named one of the “Best Banks to Work For” by American Banker. In both years, Seacoast earned the designation of “Best Place to Work for LGBTQ Equality” by the Human Rights Campaign Foundation. We are also committed to serving the needs of low and moderate income communities.

HEALTH AND FINANCIAL WELL-BEING OF OUR ASSOCIATES

Seacoast provides access to a variety of resources to address personal health and financial wellness. Comprehensive Employee Assistance Plan (EAP) resources are accessible to all associates, addressing a wide range of topics from substance abuse to child and elder care resources. Associates are encouraged to balance their physical fitness with their work life, with a Company reimbursement for a portion of fitness center memberships. We also offer financial planning resources for help with student debt, retirement planning and one-on-one financial planning sessions to all associates.

DIVERSITY & INCLUSION

We strive to create an atmosphere where all associates feel welcome and confident bringing their whole self to work. Inclusion, respect, and fairness live at the core of our Company culture, and we believe the diversity of our associate base and of the communities we serve makes us stronger. We believe each associate has a unique perspective that is valuable to our Company, our customers, and our communities.

As part of the many things we do to support our associates and their families, as well as additional steps we are taking to continue to build on this progress, we have established four Associate Resource Groups (“ARGs”): LGBT+, Military Outreach, Women Mean Business, and Black Associates and Allies Network (“BAAN”) all of which collaborate across regions. The Company places a high value on inclusion, engaging employees in our ARG programs, which are composed of associates with diverse backgrounds, experiences or characteristics who share a common interest in professional development, improving corporate culture and delivering sustained business results. Each group is sponsored by a senior executive leader. 

EMPLOYEE ENGAGEMENT

Seacoast offers competitive compensation, comprehensive benefits and appropriate training to provide growth, development opportunities and multiple career paths within our Company. We invest in our associates through training and development programs, as well as tuition reimbursement to promote continued professional growth. To ensure that we are meeting associates’ expectations, we conduct an Employee Engagement Survey each year. The results of the survey and the process of continuous improvement are discussed with the Board at least annually. In 2021, our engagement score was 83% with 93% participation by the associate base, a 9% increase from the prior year.

INVESTING IN OUR COMMUNITIES

Demonstrating a strong commitment to serving its communities, Seacoast has established programs under the Community Reinvestment Act (CRA) that are responsive to the credit and deposit services needs of low and moderate income communities. Seacoast’s CRA programs are designed to provide a vehicle that will assist in improving the quality of life and economic well-being of communities, families and businesses across our footprint. In doing so, Seacoast Bank has earned an overall “Outstanding” CRA rating from the Office of the Comptroller of the Currency in each of its six most recent examinations.

Seacoast broadened its commitment to address community needs in response to the COVID-19 pandemic. Key lending programs were implemented in response to the business disruptions caused by the pandemic’s impact - the Paycheck Protection Program (PPP), in partnership with SBA, supported small businesses, while offerings of loan forbearance and loan deferments supported businesses and consumers in compliance with the CARES Act. Seacoast worked with customers to help businesses access the Paycheck Protection Program, funding a total of $832 million of loans to assist over 5,900 businesses through the program.

Seacoast focuses on continued improvement and enhancement to its CRA program commitments by establishing and revising product offerings and engaging with community members to identify and help address community needs. 

The CRA Public File provides information and details on Seacoast’s commitment to CRA and the CRA performance evaluation in meeting the credit needs of its communities, which can be accessed here.

Seacoast is a proud supporter of the United Way, donating over $1 million since 2010. Additionally, charitable donations from Seacoast also supported organizations working to address social and racial unrest during 2020 and 2021. Seacoast annually participates in local back to school drives, food for families drive and holiday toy drives, and each of which supports local underrepresented children and families.

Seacoast Bank encourages all levels of staff and its directors to become active in community service by supporting various community, educational and nonprofit organizations. Seacoast’s CRA Community Ambassador’s Program was established to facilitate greater community engagement and foster better understanding and improve knowledge of CRA across our footprint. The team of Community Ambassadors is comprised of 25 associates, including the CRA Officer and Director of Compliance, along with two ambassadors from each market who meet on a quarterly basis to discuss initiatives and share resources. 

We also encourage investments, philanthropic giving and charitable donations in support of identified economic impact areas, financial literacy and capacity, food insecurity, small business development, housing insecurity, employment instability and access to credit and deposit services for the overall community - and especially for those of low and moderate income. Organizations have the opportunity to connect with the Bank’s Charitable Giving Committee on an online charitable giving portal, accessible from the Bank’s website, which has been established to support grant requests.

AWARDS AND RECOGNITION

We believe that a key element of sustainability is being a great place to work for our employees. In 2021, Seacoast’s efforts in this area also earned several awards and recognitions:

Manager Excellence Program featured in American Banker

The Seacoast Manager Excellence Program is designed to provide foundational management and leadership skills with a Seacoast lens. It is a blended learning experience consisting of instructor-led training, case studies, group activities, self-study, and ongoing leadership development and support. Participants are introduced to the foundational skills that all Seacoast managers should know, learning how to understand and shape their personal leadership style while focusing on creating purpose, delivering results, developing self and others, and leading change.

Seacoast Bank Named to Forbes’ 2021 America’s Best Banks Ranking

Seacoast was included on Forbes Magazine’s ranking of America’s Best-In-State Banks and Credit Unions and has the distinction of being the only Florida-based community bank to be included on the list.

Seacoast Bank Named One of the “Best Banks to Work For” by American Banker for Second Consecutive Year

American Banker identifies and recognizes U.S. banks for outstanding associate satisfaction. The award is given based on a two-step process, including an evaluation of our policies, practices, and demographics, and employee surveys conducted to directly assess experiences and attitudes with respect to the workplace. The combined scores determine the top banks and the final ranking.

Seacoast Bank named one of Orlando Business Journal's 2021 Best Places to Work

Seacoast is proud to be named one of the Orlando Business Journal's 2021 Best Places to Work. This recognition validates Seacoast’s commitment to our employees’ well-being, as well as our numerous diversity and inclusion initiatives.

Human Rights Campaign Foundation’s 2021 Corporate Equality Index

Seacoast was also recently recognized as part of the Human Rights Campaign Foundation’s 2021 Corporate Equality Index as a Best Place to Work for LGBTQ Equality. Seacoast is one of 767 companies – spanning nearly every industry and geography across the nation – earning a top score of 100%. This is the second consecutive year we have earned this distinction.



GOVERNANCE



Seacoast is committed to long-term success through strong corporate governance and ethical business practices, with appropriate controls and transparency forming the foundation for achievement of our strategic mission. 

CORPORATE GOVERNANCE PRINCIPLES AND PRACTICES

An important element of our corporate governance framework is our governance policies, which include:

  • Corporate Governance Guidelines
  • Compensation Recoupment Policy
  • Insider Trading Policy
  • Related Party Transaction Policy

These policies and other governance documents are available on the Investor Relations page at www.SeacoastBanking.com or by clicking here.

CODE OF CONDUCT / CODE OF ETHICS

Seacoast has adopted a Code of Conduct, Code of Ethics and a Contingent Worker Code of Conduct. All associates are required to comply with the Code of Conduct, and complete an annual certification. In 2020, our certification completion rate was 100%. For additional details about our Code of Conduct click here.

Additionally, the Bank has established an anonymous 24/7 Employee Ethics Hotline to be used for reporting unethical practices. 

DATA PRIVACY AND INFORMATION SECURITY

Seacoast is committed to protecting customers’ personal and financial information. The Bank has adopted a Data Privacy Policy and Information Security Policy that are reviewed by the Enterprise Risk Management Committee (ERMC) of the Board of Directors on an annual basis. Through an integrated enterprise risk management process, key risks, including those related to privacy and cybersecurity are reviewed and evaluated by the ERMC before they are reviewed by the Board. Our Privacy Policy can be viewed by clicking here.

Our Board recognizes the importance of maintaining the trust and confidence of our customers, clients, and employees by continuously assessing and updating ouf response to information security risk and changes in the cyber environment.

BOARD OVERSIGHT OF STRATEGY AND RISK

Our Board has ultimate oversight responsibility for strategy and risk management, and directly advises management on development and execution of the Company’s strategy. Oversight is also provided through the extensive work of the Board’s committees – Audit Committee; Compensation and Governance Committee; Corporate Development Committee; and Enterprise Risk Management Committee – in key areas such as financial reporting, internal controls, compliance, corporate governance, compensation programs, capital planning and risk management. The ERMC oversees the integration of risk management at Seacoast, monitors the risk framework and makes recommendations to the Board regarding the Company’s risk appetite. Additionally, the Compensation and Governance Committee oversees risks and exposures related to the Company’s corporate governance, director succession planning, and compensation practices to ensure that they do not encourage imprudent or excessive risk-taking.

BOARD COMPOSITION

Seacoast continues to build a diverse Board with experience aligned with our strategic mission to ensure a balanced mix of directors with a deep knowledge of Seacoast and its markets, as well as new members with fresh perspectives. Our Board consists of all independent Board members, with the exception of two executive officers. All members of the Audit Committee and Compensation and Governance Committee of the Board and the Chair of the Enterprise Risk Management Committee are independent directors. Women account for 27% of the Board of Directors, including our Compensation and Governance Committee Chair. To further strengthen our corporate governance, our independent directors annually select a Lead Independent Director from the independent directors. Our lead independent director chairs regularly scheduled executive sessions, without management present, at which directors can discuss management performance, succession planning, board informational needs, board effectiveness or any other matter.

SHAREHOLDER ENGAGEMENT

The Company engages with our shareholders to ensure that the Board and management are aware of and address issues of importance to our investors. We regularly meet with various institutional shareholders and welcome feedback from other shareholders, which is considered by the Board or appropriate Board committee.