MEMPHIS,
Tenn., Aug. 30, 2023 /PRNewswire/ -- First
Horizon Bank announced today its support of the Ocean and Climate
Innovation Accelerator (OCIA). The OCIA, launched by Woods Hole
Oceanographic Institution (WHOI) and Analog Devices, Inc. (ADI), is
a first-of-its-kind consortium bringing together industry,
academia, and philanthropy. Focused on advancing knowledge of the
ocean's critical role as a defense against a warming planet, OCIA
is developing and accelerating new climate change solutions.
The $44,050 donation is a result
of First Horizon Bank's Earth Day incentive to contribute
$5 for every new enrollment in
e-statements during the month of April. The company had 8,810
clients enroll in e-statements – the most in the campaign's
three-year history.
"We see the potential the ocean offers to help us get to a
low-carbon future," said Mary Lakey,
Head of Environmental, Social and Governance for First Horizon
Bank. "With much of our footprint located along coastlines and
major waterways, we are committed to helping advance research in
this area."
WHOI and ADI created OCIA to meet the urgent need to understand
fundamental ocean processes in order to predict future climate
impact and to guide policy formation. Member companies contribute
resources, research capability, and in-kind technology to
collaborate with WHOI scientists across the Institution in creating
technologies that support data collection and improve understanding
of the ocean and its role in Earth's climate. OCIA is intentionally
designed to bring together organizations across sectors and areas
of expertise to drive collective action and meaningful change.
The funding First Horizon provided will be invested via OCIA in
meaningful projects aimed at advancing the research, innovation and
data collection needed to address the global climate crisis.
"Accelerating research and technology development for
ocean-based climate solutions is at the forefront of WHOI's mission
to advance ocean-climate innovation for the global good," said
Carol Anne Clayson, WHOI Director
for Research Strategies and Innovation. "First Horizon's
climate-focused goals align closely with the philosophy and
approach of OCIA, and we're excited to have them join this
important initiative."
More about the Ocean & Climate Innovation
Accelerator:
https://www.whoi.edu/ocia/
About First Horizon
First Horizon Corp. (NYSE:
FHN), with $85.1 billion in assets as
of June 30, 2023, is a leading
regional financial services company, dedicated to helping our
clients, communities and associates unlock their full potential
with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First
Horizon Bank operates in 12 states across the southern U.S. The
Company and its subsidiaries offer commercial, private banking,
consumer, small business, wealth and trust management, retail
brokerage, capital markets, fixed income, and mortgage banking
services. First Horizon has been recognized as one of the nation's
best employers by Fortune and Forbes magazines and a Top 10 Most
Reputable U.S. Bank. More information is available at
www.FirstHorizon.com.
About Woods Hole Oceanographic Institution
The Woods
Hole Oceanographic Institution (WHOI) is a private, non-profit
organization on Cape Cod,
Massachusetts, dedicated to marine research, engineering,
and higher education. Established in 1930, its primary mission is
to understand the ocean and its interaction with the Earth as a
whole, and to communicate an understanding of the ocean's role in
the changing global environment. WHOI's pioneering discoveries stem
from an ideal combination of science and engineering—one that has
made it one of the most trusted and technically advanced leaders in
basic and applied ocean research and exploration anywhere. WHOI is
known for its multidisciplinary approach, superior ship operations,
and unparalleled deep-sea robotics capabilities. It plays a leading
role in ocean observation and operate the most extensive suite of
data-gathering platforms in the world. Top scientists, engineers,
and students collaborate on more than 800 concurrent projects
worldwide—both above and below the waves—pushing the boundaries of
knowledge and possibility. For more information, please
visit www.whoi.edu
FHN-G
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SOURCE First Horizon Corporation