Public Profile

First BanCorp.

First BanCorp, also known as FirstBank, is a prominent financial institution headquartered in the United States, with a strong presence in Puerto Rico and the Virgin Islands. Founded in 1948, the bank has established itself as a key player in the banking industry, offering a diverse range of services including personal banking, commercial banking, and wealth management. First BanCorp is recognised for its commitment to customer service and innovative financial solutions, which set it apart in a competitive market. The bank has achieved significant milestones over the years, including strategic expansions and a robust portfolio of core products that cater to both individual and business clients. With a focus on community engagement and sustainable growth, First BanCorp continues to solidify its market position as a trusted financial partner.

DitchCarbon Score

How does First 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.

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.

26

Industry Benchmark

First BanCorp.'s score of 23 is lower than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.

22%

First BanCorp.'s reported carbon emissions

First BanCorp., headquartered in the US, currently does not have publicly available carbon emissions data for the most recent year, as indicated by the absence of specific emissions figures. Consequently, there are no reported Scope 1, 2, or 3 emissions to summarise. In terms of climate commitments, the company has not outlined any specific reduction targets or initiatives, nor have they made any pledges related to climate action. This lack of data suggests that First BanCorp. may still be in the early stages of developing a comprehensive climate strategy or reporting framework. As the financial sector increasingly prioritises sustainability, First BanCorp. may benefit from establishing clear emissions reduction goals and aligning with industry standards to enhance their environmental impact and transparency.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. First BanCorp.'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. First BanCorp. 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.

First BanCorp. 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
RE 100
Climate Action 100
Race To Net Zero
Taking Reduction Action?

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DitchCarbon Score

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