Environmental, Social, and Governance
Our beginnings on the oil fields of Oklahoma may seem incongruent with a commitment to ESG. However, our support of causes and initiatives related to equal opportunity and social justice extends well beyond the typical corporate commitments to education and job training, in both size and scope.
Additionally, our majority shareholder and chairman of the board, George Kaiser, initiates and funds major programs directed toward these purposes, further amplifying our corporate commitment. Mr. Kaiser created the George Kaiser Family Foundation whose mission is to create an environment where every family, no matter their background, has an opportunity to succeed. As a signatory of the Giving Pledge, he has committed to giving the majority of his wealth—well exceeding the net income and value of the corporation—to philanthropic or charitable causes.
As a company that makes capital available to energy producers—including oil and gas companies—we remain firmly committed in our response to climate change. However, we recognize that renewable resources will be unable to provide 100% of the world’s net energy needs for decades. Constraining the supply of hydrocarbons artificially merely raises the price of those fuels, disproportionately impacting those who can least afford higher costs—resulting in “E” at the expense of “S.”
We emphasize our ESG goals with our employees and encourage them to engage in driving initiatives supporting the spectrum—environmental, social and governance. Their passion for making our communities better places to live and work propels us ever forward.
This ESG review reflects not only the results of the company but also the work and commitment of our team members from across the company. Composed of company leaders, our ESG working group led the creation of this report which was also reviewed and approved by the Audit Committee of the Board of Directors.
Our efforts and programs help support the United Nations Sustainable Development Goals.
In this document, BOK Financial provides disclosure of environmental, social, and governance topics and metrics that have been determined to be relevant to our company. The document was informed by the Sustainability Accounting Standards Board (SASB) standards for the Financials – Commercial Banks industry; direct reference was made to SASB standards to assist in the identification of information used for rating purposes throughout this report. In addition, we provide disclosure of additional environmental, social, and governance metrics that are relevant to our business and identify where our efforts and programs help support the United Nations Sustainable Development Goals (UN SDGs). This document covers the period Jan. 1, 2021 through Dec. 31, 2021, unless otherwise noted.
“As a financial services partner for clients across the country and with operations focused across eight states, we know how to think big.”
President & CEO
BOK Financial is a top 25* U.S.-based financial services company, offering sophisticated wealth, commercial, and consumer products and services. Still, we do business one client at a time, focused on delivering thoughtful expertise and tailored advice, because we know that when our clients succeed, we succeed.
Headquartered in Tulsa, we serve the complete financial needs of families, international corporations and everything in between. We serve clients across the country from our operations focused in Oklahoma, Texas, Arizona, Arkansas, Colorado, Kansas, Missouri and New Mexico. Our services include commercial and consumer banking; brokerage and trading; investment, trust and insurance services; mortgage origination and servicing; and an electronic funds transfer network.
- Accelerate top-line growth
- Win as a talent magnet
- Drive efficiencies in processes and practices
- Advance technology
- Manage risk
Net income in 2021
$435 million net income in 2020
$501 million net income in 2019
Full-time employees in 2021
4,915 full-time employees in 2020
5,107 full-time employees in 2019
Average Loans ($MM)
Average Deposits ($MM)
BOK Financial Corporation is a regional financial services company headquartered in Tulsa, Okla. The company’s stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation’s holdings include BOKF, NA; BOK Financial Securities, Inc.; BOK Financial Private Wealth, Inc.; and BOK Financial Insurance, Inc. BOKF, NA operates TransFund and Cavanal Hill Investment Management. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas and BOK Financial (in Arizona, Arkansas, Colorado, Kansas and Missouri); as well as having limited purpose offices in Nebraska, Milwaukee and Connecticut. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment, trust and insurance services, mortgage origination and servicing, and an electronic funds transfer network. BOK Financial® is a registered trademark of BOKF, NA. For more information, visit bokf.com.
This review contains forward-looking statements that are based on management’s beliefs, assumptions, current expectations, estimates and projections about BOK Financial Corporation, the financial services industry, the economy generally and the expected or potential impact of the novel coronavirus (COVID-19) pandemic, and the related responses of the government, consumers, and others, on our business, financial condition and results of operations. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “plans,” “projects,” “will,” “intends,” variations of such words and similar expressions are intended to identify such forward-looking statements. These various forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions which are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. For a discussion of risk factors that may cause actual results to differ from expectations, please refer to BOK Financial Corporation’s most recent annual and quarterly reports.