Kōkua Creating Good
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CONNECTED THROUGH KŌKUA CREATING GOOD. BUILDING STRONGER COMMUNITIES. BANK OF HAWAII COMMUNITY REPORT 2018 workplace where all of our employees feel With nearly half of Hawaii’s people they belong and are able to reach their struggling to get by, the problems full potential to authentically connect outlined in the ALICE report are complex. to the community we serve. Bank of But they’re not insurmountable if we Hawaii has outwardly demonstrated its combine forces to address the issues. support for our LGBTQ community as a One of the most important things for us sponsor of the Honolulu Rainbow Film to do is to realize that the well-being of Festival, and for the first time in 2018, ALICE community members is, in fact, the Honolulu Pride Parade & Festival. our own well-being. We are all connected. I was so proud to march in solidarity Whether we participate from the business, with more than 300 of our employees legislative or philanthropic sectors, we Aloha, and their friends and family alongside each have a vested interest in finding our Bank of Hawaii float in the solutions and ensuring the continued Helping people access a better life Honolulu Pride Parade in October. health of our community. is what Bank of Hawaii does both in a A number of natural disasters in Bank of Hawaii has been helping the professional capacity, and as a caring 2018—volcanic eruptions, typhoons community for over 120 years, and collaborative partner in the community. and tropical storms—brought increased we invite others to partner with our We invest in the innovative vision of challenges to our community, and an efforts. There is no limit to the impact hundreds of nonprofits each year increased need for assistance. Last year, we can make if we work together to through our Bank of Hawaii and Bank Aloha United Way’s 2-1-1, which serves transform lives for the better. of Hawaii Foundation sponsorships and the entire state of Hawaii, handled more Sincerely, grants. Because we all have a shared than 94,000 inquiries for food, shelter responsibility in the communities we and other assistance, almost triple the serve, I’m especially proud of our 2,100- number of inquiries received in 2017. plus employees who donate thousands of Many of these inquiries came from hours of their own personal time to create people who are working, but still positive impacts in the neighborhoods struggling to make ends meet due to where we live and work. We all need to Hawaii’s high cost of living. The United Peter S. Ho take action in ways that are meaningful Way identifies them as ALICE: Asset Chairman, President and CEO, to us, and you can see the blue shirts of Limited, Income Constrained, Employed. Bank of Hawaii Corporation our Bankoh Blue Crew members out in Bank of Hawaii was pleased to partner Bank of Hawaii Chairman, Bank of Hawaii the community almost every weekend. Foundation with Hawai‘i Community Foundation and At Bank of Hawaii, we know that our Kamehameha Schools to help fund the diversity makes us stronger. By embracing research and publication of Aloha United our differences and honoring all members Way’s ALICE Report in 2017. In 2018, we of our community, we create a culture began using the findings to help us better where all people are respected, can thrive focus our philanthropic resources as we and serve as advocates for our customers continued to collaborate with community and each other. Our Diversity and partners in addressing some of the Inclusion Program actively encourages a challenges of Hawaii’s working poor. COMMUNITY AWARDS AND RECOGNITION Recognized as No. 1 “Best Corporate Citizen” and No. 2 “Best Bank for Millennial Employees” in the Western U.S. region by Bank Director magazine. Recognized as an Aloha United Way “Community Champion” for the third consecutive year for running a successful workplace giving campaign in 2017. Voted “Best Bank” for the eighth consecutive year by Honolulu Star-Advertiser readers. Voted “Best Bank” by Honolulu magazine, Hawaii Tribune-Herald and The Garden Isle readers. Selected one of the “Best Places to Work” for the fifth consecutive year, plus No. 1 “Family Friendly” and No. 1 “Healthiest” employer by Hawaii Business magazine. Barbara J. Tanabe, director of Bank of Hawaii and Bank of Hawaii Corporation, was named a “2018 Director to Watch” by Directors & Boards magazine. Tanabe is the only Hawaii-based director to be recognized. Arianna Hashimoto helps remove invasive mangrove at Paepae o He‘eia during one of Bank of Hawaii’s community work days in which the bank partnered with Hawaiian Airlines to help maintain the 800-year-old fishpond. Keane Santos, Kelsi Tamashiro and Reid Hinaga work together to remove debris and micro-plastics along the Waimanalo coastline during Bank of Hawaii’s largest Community Service Day to date. The bank partnered with Hawaiian Airlines, Sustainable Coastlines Hawaii and other local nonprofits in September to clean beaches and coastlines throughout the state of Hawaii, Guam, Saipan and Koror. 2018 IMPACT AT A GLANCE 2,149 209 14,318 Employees Nonprofit and Volunteer hours community boards served by contributed to community Bank of Hawaii executives organizations, including and young leadership financial education MORE THAN MORE THAN NEARLY 400 6,500 650 Nonprofit Volunteer hours contributed to Affordable housing units community partners financial education of adults and commenced or completed to children in schools, construction thanks to support including time served on from Bank of Hawaii. nonprofit boards 8 1,762 $3.47 MILLION Consecutive “outstanding” ratings, Community members received free the highest possible, by the tax preparation services thanks in 2018 contribution to community Federal Reserve Bank of San Francisco part to the support of Bank of Hawaii’s organizations by Bank of Hawaii for performance under the partnership with Goodwill Hawaii’s VITA and its employees and retirees, and Community Reinvestment Act Tax Clinics in Honolulu, Kapolei and Hilo Bank of Hawaii Foundation. and our 46 employee volunteers, which resulted in more than $2,474,162 in tax refunds to individuals and families 3 Connecting to Solutions Commissioned by Aloha United Way, the report is also underwritten by Hawai‘i WHO IS ALICE? Community Foundation and Kamehameha Schools. Lovely Coloma and her daughter, Madison, enjoy breakfast following Bank of Hawaii’s ALICE stands for Asset Limited, Income Community Walk on Oahu. Employees across ASSET LIMITED Constrained, Employed, and represents the state of Hawaii and Guam participated in ALICE has no safety net those in our communities who are for emergencies events in their regions and collectively raised $138,043 for 12 local nonprofits. working yet still struggling to get by. Because of Hawaii’s high cost of living, ALICE families have incomes above the INCOME CONSTRAINED federal poverty level (FPL), but their ALICE’s income falls short costs are higher than what they earn. Being part of the solution to improve of basic necessities Working two or three jobs is not enough the well-being of everyone in our to allow them to get ahead; most live communities is an essential part of our paycheck to paycheck with no safety long-term business plan. Bank of Hawaii net, and live only steps away from recognizes that we are all interconnected, EMPLOYED desperate circumstances. ALICE is working, but can’t and we are honored to collaborate with afford the cost of living community and government leaders ALICE families and individuals are to support the vision and good work of hardworking taxpayers we interact nonprofit organizations of improving with every day—cashiers, salespeople, lives through multiple approaches that waitresses and waiters, teachers and our communities, and working with others reflect the diversity of our interests. mechanics. They struggle every month to bring people and resources together to As the Bank of Hawaii, our commitment to pay basic household expenses like become part of the long-term solution. to the community is not just the right rent, food, child care and transportation, thing to do, it is part of all that we do. and they live in every county in Hawaii. 49% The percentage of the Hawaii ALICE includes women and men, young population struggling to afford basic HALF OF HAWAII RESIDENTS and old, and all ethnicities. needs. Hawaii, along with California and STRUGGLE TO MAKE ENDS MEET New Mexico, has the highest percentage Bank of Hawaii’s support of the ALICE of families in the U.S. who are struggling.1 In 2017, Bank of Hawaii helped support Report is just one of the ways we are an in-depth look at Hawaii’s economic helping to identify what is happening in Annual income needed challenges, the ALICE Report. This report $7 7,052 our community while creating awareness by a Hawaii family of four just to survive, is not a single-year effort, but a long-term of the challenges and opportunities in leaving a family vulnerable to any commitment to better understand some order to contribute to solutions. We are unexpected expense, such as a health of our community’s most pressing needs. focused on understanding the needs of issue, car repair or a raise in rent.2 4 At right, from left: Vincent Perez, Rowell Comia, Jon Bargfrede and Dwayne Taitano pack emergency supplies in Guam to ship to Saipan after Typhoon Yutu devastated much of the island in October. In Saipan, Rose Sumor, Danilo Borlain and Joe Fujihira sort supplies shipped from Guam to provide aid to residents of Saipan in the aftermath of Typhoon Yutu. NEIGHBORS HELPING NEIGHBORS WHAT DOES IT COST TO LIVE IN HAWAII?3 ACROSS THE PACIFIC Bank of Hawaii has always provided generous assistance to the island communities it serves, especially when they are Household Survival Budget, Hawaii Average, 2016 affected by disasters.