Public Profile

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.

39

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.

3

Industry Benchmark

Berkshire Bank's score of 39 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.

92%

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, emissions in previous years were higher, with 3,589,100 kg CO2e in 2022, 3,450,600 kg CO2e in 2021, and 2,900,600 kg CO2e in 2020. This indicates a significant reduction in emissions from 2022 to 2023, showcasing Berkshire Bank's commitment to lowering its carbon footprint. Despite the absence of specific reduction targets or initiatives outlined in their climate commitments, the substantial decrease in emissions suggests a proactive approach to sustainability. Berkshire Bank's ongoing efforts reflect a growing awareness of climate impact within the financial sector, aligning with broader industry trends towards carbon neutrality and responsible environmental stewardship.

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2020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Berkshire 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. Berkshire Bank is headquartered in US, which has a rank of low, indicating low grid carbon 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 committed to any reduction initiatives 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
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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