Berkshire Bank
Berkshire Bank, officially known as Berkshire Bank – A Division of Berkshire Hills Bancorp, Inc., is a prominent financial institution headquartered in the United States. Established in 1846, the bank has evolved significantly, expanding its operations across key regions in New England and New York. Operating within the banking and financial services industry, Berkshire Bank offers a diverse range of products, including personal and business banking, wealth management, and mortgage services. What sets Berkshire Bank apart is its commitment to community engagement and customer-centric solutions, fostering strong relationships with clients. With a reputation for innovation and service excellence, Berkshire Bank has achieved notable milestones, positioning itself as a trusted partner in financial growth. Its dedication to sustainability and social responsibility further enhances its standing in the competitive banking landscape.
DitchCarbon Score
How does Berkshire 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.
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
Berkshire Bank's score of 39 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Berkshire Bank's reported carbon emissions
In 2023, Berkshire Bank reported total carbon emissions of approximately 2,142,900 kg CO2e. This figure includes 1,989,800 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 153,100 kg CO2e from Scope 3 emissions, encompassing indirect emissions from the value chain. Notably, there were no reported Scope 2 emissions for this year. Comparatively, in 2022, the bank's total emissions were about 3,589,100 kg CO2e, with Scope 1 emissions at 2,869,200 kg CO2e, Scope 2 emissions at 225,600 kg CO2e, and Scope 3 emissions at 494,300 kg CO2e. This indicates a significant reduction in total emissions from 2022 to 2023. Berkshire Bank's emissions in 2021 were approximately 3,450,600 kg CO2e, with Scope 1 emissions at 1,863,900 kg CO2e, Scope 2 emissions at 1,182,300 kg CO2e, and Scope 3 emissions at 404,400 kg CO2e. The bank has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Overall, Berkshire Bank's emissions data reflects a positive trend towards lower carbon emissions, particularly in Scope 1, while the absence of Scope 2 emissions in 2023 marks a noteworthy achievement. The bank's ongoing efforts in sustainability and climate responsibility are evident, although further details on specific reduction initiatives or targets would enhance understanding of their long-term climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,900,500 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 842,100 | 0,000,000 | 000,000 | - |
| Scope 3 | 381,500 | 000,000 | 000,000 | 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.
Berkshire 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.
