Commercial, Finance, Sourcing Renewables  -  April 9, 2024

SouthState’s Green Bonds Increase to $136 Million

SouthState Bank, a financial services company headquartered in Winter Haven, Florida, continues to make investments in technology, which resulted in 48% of accounts receiving eStatements, saving 1.02 million pounds of CO2 emissions.

The financial services company also supports and invests in projects that deliver environmental benefits and sustainability by purchasing green and sustainable bonds.

As of year-end 2023, SouthState’s investment portfolio included an estimated $136 million in green and sustainable bonds, representing about 41.5% of documented environmental social governance (ESG) investments.

Details were released in its fourth Corporate Social Responsibility (CSR) report.

“For 90 years, SouthState’s focus on serving and strengthening the communities in which we live and do business has afforded us the opportunity to build meaningful and lasting relationships with many non-profit and community-based organizations across our six-state footprint,” said LeDon Jones, director of Corporate Stewardship, in a statement. “Through volunteerism, engagement, and philanthropy, we have impacted the lives of our customers, communities, and our 5,000+ team members.”

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