Company: MCHB
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001518715-25-000066
Chunk: 29

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 29
---
 and making recommendations to the Board regarding the Company’s overall strategy with respect to sustainability matters. In addition, we have established a Sustainability Management Steering Committee comprised of senior management members including the Chief Executive Officer. The purpose of the Sustainability Management Steering Committee is to assist the N&G Committee in fulfilling its oversight responsibilities with respect to sustainability matters, which oversight responsibilities include oversight of climate-related matters, unless delegated to another committee of the Board.

As part of its oversight responsibilities, HomeStreet’s Sustainability Management Steering Committee plans to examine and assess potential environmental sustainability measures and initiatives, including certain climate-related measures and initiatives, such as greenhouse gas emission measurement and reduction, water use and conservation, waste generation and recycling, and energy efficiency measures. To address these potential measures and initiatives effectively and efficiently, HomeStreet’s Sustainability Management Steering Committee has formed a Climate and Environment Working Group that includes members from the supply chain and facilities departments. The Climate and Environment Working Group is responsible for the implementation of HomeStreet’s overall strategy with respect to environmental sustainability matters, including certain climate-related matters, with direction and oversight provided by the Sustainability Management Steering Committee.

Human Capital Management

As a financial institution, HomeStreet Bank holds a valued position with its shareholders in the community, among its customers and employees, and with its regulators. Since 1921, the Company has earned the trust of customers, employees and regulators through our effective management and deep community involvement thereby developing a reputation for reliability, fairness, honesty and integrity. Our reputation is directly tied to the individual decisions, actions and sense of business ethics of our employees. We believe a high level of trust gives us a competitive advantage in an environment that is increasingly sensitive to business ethics. It is our belief that employees and customers are attracted to work for, and do business with, a company that prides itself on maintaining the highest degree of ethical standards. For all these reasons, a commitment to fairness, honesty, integrity and community service are core values of the Company.

HomeStreet’s Culture Committee has identified five key pillars built on specific behaviors that bring our values to life: a focus on customers, collaboration as one team, delivering excellence, embodying a spirit to serve the communities that we are in and being engaged in our work in a manner that we describe as “All In.” In 2022, the Culture Committee met regularly to discuss ways to promote our inclusive work environment and support our recruiting efforts to extend outreach to historically marginalized groups such as biracial and people of color, veterans and individuals with disabilities. Our Employee Resource Groups also met regularly,