Public Profile

Provident Financial Services, Inc.

Provident Financial Services, Inc., commonly known as Provident Bank, is a prominent financial institution headquartered in the United States, with a strong presence in New Jersey and New York. Founded in 1839, the bank has established itself as a trusted provider of a wide range of financial services, including personal and commercial banking, mortgage lending, and wealth management. With a commitment to customer-centric solutions, Provident Bank offers unique products such as tailored mortgage options and innovative digital banking services. The bank's dedication to community engagement and financial education has earned it a solid reputation in the industry. As a key player in the regional banking sector, Provident Financial Services continues to achieve notable milestones, reinforcing its position as a reliable partner for individuals and businesses alike.

DitchCarbon Score

How does Provident Financial Services, Inc.'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.

28

Industry Average

Mean score of companies in the Services Auxiliary to 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

Provident Financial Services, Inc.'s score of 28 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.

47%

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Provident Financial Services, Inc.'s reported carbon emissions

In 2021, Provident Financial Services, Inc. reported total carbon emissions of approximately 18,350,000 kg CO2e, with emissions distributed across various scopes: 311,000 kg CO2e from Scope 1, 928,000 kg CO2e from Scope 2, and a significant 18,350,000 kg CO2e from Scope 3. The Scope 3 emissions were primarily driven by purchased goods and services, which accounted for about 17,579,000 kg CO2e. In 2020, the company recorded total emissions of approximately 4,000,000 kg CO2e, comprising 408,000 kg CO2e from Scope 1, 1,113,000 kg CO2e from Scope 2, and 3,199,000 kg CO2e from Scope 3, indicating a substantial increase in emissions in 2021. Despite these figures, there are currently no publicly disclosed reduction targets or climate pledges from Provident Financial Services, Inc. This lack of specific commitments highlights an opportunity for the company to enhance its climate strategy and align with industry standards for sustainability and emissions reduction.

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20202021
Scope 1
408,000
000,000
Scope 2
1,113,000
000,000
Scope 3
3,199,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Provident Financial Services, Inc.'s primary industry is Services auxiliary to financial intermediation (67), 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 Provident Financial Services, Inc. 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.

Provident Financial Services, Inc. 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

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Where does DitchCarbon data come from?

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