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Financial Intermediation
US
updated 19 days ago

1st Source Bank

Company website

1st Source Bank, a prominent financial institution headquartered in the United States, has been serving clients since its founding in 1863. With a strong presence in Indiana and Michigan, the bank operates within the banking and financial services industry, offering a diverse range of products tailored to meet the needs of individuals and businesses alike. Specialising in personal banking, commercial lending, and wealth management, 1st Source Bank distinguishes itself through its commitment to customer service and community involvement. The bank has achieved notable milestones, including consistent recognition for its financial stability and customer satisfaction. As a trusted partner in financial growth, 1st Source Bank continues to solidify its market position, providing innovative solutions that empower clients to achieve their financial goals.

DitchCarbon Score

How does 1st Source Bank'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.

23

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.

30

Industry Benchmark

1st Source Bank's score of 23 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.

30%

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1st Source Bank's reported carbon emissions

1st Source Bank, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The bank has not established documented reduction targets or climate pledges, which suggests a limited public commitment to addressing climate change at this time. As a current subsidiary, 1st Source Bank's climate initiatives and emissions data may be influenced by its corporate family relationships. However, no specific initiatives or targets have been cascaded from a parent organisation. This lack of data and commitments places 1st Source Bank in a context where it may need to enhance its climate strategy to align with industry standards and expectations for sustainability.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. 1st Source Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for 1st Source Bank is in US, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

1st Source Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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