Cambridge Bancorp
Cambridge Bancorp, a prominent financial institution headquartered in the United States, has been serving clients since its founding in 1890. With a strong presence in the New England region, particularly Massachusetts, the bank operates within the banking and financial services industry, offering a range of products tailored to meet the needs of both individuals and businesses. The core services of Cambridge Bancorp include commercial banking, wealth management, and personal banking solutions, distinguished by their commitment to personalised service and community engagement. Over the years, the bank has achieved significant milestones, solidifying its market position as a trusted partner in financial growth. With a focus on innovation and customer satisfaction, Cambridge Bancorp continues to uphold its reputation as a leader in the financial sector.
DitchCarbon Score
How does Cambridge Bancorp'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
Cambridge Bancorp's score of 31 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cambridge Bancorp, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The organisation is a merged entity, and emissions data may be inherited from its corporate family, specifically from Eastern Bankshares, Inc. However, no specific figures or reduction targets have been disclosed. Despite the absence of detailed emissions data, Cambridge Bancorp is committed to addressing climate change through various initiatives. The organisation has not specified any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges. As part of its climate strategy, Cambridge Bancorp may align with industry standards and best practices, but specific commitments or achievements in emissions reduction have not been documented. The lack of available data highlights the need for transparency and accountability in corporate climate commitments, particularly in the financial sector.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 632,804,000 | 000,000,000 |
| Scope 2 | 17,200,000 | 00,000,000 |
| Scope 3 | 1,346,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Cambridge Bancorp 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.
