Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 11

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 11
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 is integral to our long-term success.

Board Oversight of Corporate Responsibility

In 2024, we continued to enhance our Corporate Responsibility program. The Board and its Committees ensure that corporate responsibility principles are integrated into our business strategy in ways that optimize opportunities to make positive impacts while advancing long-term goals. We are committed to conducting our business in a safe, environmentally responsible and ethical manner, and in a way that reflects our responsibilities to our stakeholders.

Our Board oversees Webster’s corporate responsibility efforts, led by the Nominating and Corporate Governance Committee. Our Corporate Responsibility Committee is comprised of senior executive leadership, oversees the Sustainability Council activities and reports on corporate responsibility and sustainability efforts to the Nominating and Corporate Governance Committee. Our management-level Sustainability Council meets on a quarterly basis and is comprised of cross-functional executives from lines of business, as well as Audit, Compliance, Corporate Responsibility, Investor Relations, Legal, Operations and Risk. The Sustainability Council shapes Webster’s corporate responsibility strategy and monitors sustainability progress.

Our senior leadership team is tasked with driving results in these areas given the strategic importance of corporate responsibility. Against this backdrop, we engaged with internal and external stakeholders on our corporate responsibility strategy to help further inform our future direction and priorities. We advance sustainability through our four key pillars for our corporate responsibility reporting, which are:

| Economic Vitality |

Webster believes strongly in empowering people and strengthening communities by expanding access to capital. Our Office of Corporate Responsibility (“ OCR ”) manages all community-facing activities across the Company and all sustainability efforts. This structure allows us to plan more strategically, support enterprise goals more effectively and use our resources more efficiently. The OCR also oversees Webster’s multi-year Community Investment Strategy (“ CIS ”), driving economic vitality in the communities we serve.

We meet regularly to review CIS progress with our Community Advisory Councils, made up of nonprofit partners in Connecticut, Massachusetts, New York and Rhode Island, to help us to strengthen meaningful community connections, and to set impactful short- and long-term goals. The CIS has four key focus areas:

| Affordable Housing |     | Community Development |     | Small Business Lending |     | Community Support |

Notably in 2024, we:

• Partnered with 254 community development organizations to conduct 485 hours of financial literacy and homebuyer workshops to 8,883 participants.

• Made 126 affordable home loans, totaling $19,494,786.

• Continued to invest in our signature Webster Finance Labs initiative. Since its creation, Webster Finance Labs has had more than 2,300 individuals ages 13-