EquiCredit Corporation of America Sustainability Profile
EquiCredit Corporation of America, often referred to simply as EquiCredit, is a prominent player in the financial services industry, headquartered in the United States. Founded in the early 2000s, the company has established itself as a leader in providing innovative credit solutions, primarily focusing on home equity loans and mortgage refinancing. With a strong operational presence across major regions in the US, EquiCredit distinguishes itself through its customer-centric approach and competitive interest rates. The company’s core offerings include flexible loan products tailored to meet diverse financial needs, making them a preferred choice for homeowners seeking to leverage their equity. EquiCredit's commitment to transparency and exceptional customer service has earned it a solid market position, with numerous accolades recognising its contributions to the financial sector.
DitchCarbon Score
How does EquiCredit Corporation of America's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
EquiCredit Corporation of America's score of 40 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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EquiCredit Corporation of America, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Bank of America Corporation, which may influence its climate commitments and reporting practices. As of now, EquiCredit has not established any documented reduction targets or climate pledges. This lack of specific initiatives suggests that the company may be in the early stages of developing its sustainability strategy or may rely on the broader corporate policies of its parent organisation. Given the absence of direct emissions data and reduction commitments, it is essential to consider the context of the financial services industry, where many firms are increasingly focusing on sustainability and carbon neutrality. EquiCredit's alignment with Bank of America Corporation's climate initiatives may provide a framework for future commitments and emissions reporting. In summary, while EquiCredit Corporation of America does not currently disclose emissions data or specific climate commitments, its relationship with Bank of America Corporation may play a crucial role in shaping its future sustainability efforts.
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| 2010 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 106,870,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,644,068,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,450,834,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is EquiCredit Corporation of America's Industry?
How Carbon Intensive is EquiCredit Corporation of America's Location?
EquiCredit Corporation of America's Scope 3 Categories Breakdown
EquiCredit Corporation of America's Scope 3 emissions, which increased by 7% last year and increased by approximately 146% since 2010, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 48% of Scope 3 emissions.
Top Scope 3 Categories
EquiCredit Corporation of America's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
EquiCredit Corporation of America has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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