Umpqua Holdings
Umpqua Holdings Corporation, commonly known as Umpqua Bank, is a prominent financial institution headquartered in the United States. Founded in 1953, Umpqua has established itself as a leader in the banking industry, primarily serving the Pacific Northwest and California. The bank offers a diverse range of services, including personal and business banking, wealth management, and mortgage solutions, distinguished by its commitment to customer service and community engagement. With a focus on innovation, Umpqua Bank has achieved notable milestones, such as being recognised for its unique branch designs and customer-centric approach. The bank's market position is strengthened by its extensive network of branches and ATMs, making it a trusted choice for individuals and businesses alike. Umpqua's dedication to fostering relationships and enhancing financial well-being sets it apart in a competitive landscape.
DitchCarbon Score
How does Umpqua Holdings'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
Umpqua Holdings's score of 38 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Umpqua Holdings's reported carbon emissions
In 2023, Umpqua Holdings reported total carbon emissions of approximately 22,000,000 kg CO2e, comprising 5,573,000 kg CO2e from Scope 1, 9,712,000 kg CO2e from Scope 2, and 7,080,000 kg CO2e from Scope 3 emissions. This marks a notable increase from 2022, where total emissions were about 18,580,000 kg CO2e, with Scope 1 at 4,892,000 kg CO2e, Scope 2 at 11,715,000 kg CO2e, and Scope 3 at 1,975,000 kg CO2e. Over the years, Umpqua Holdings has demonstrated a commitment to reducing its carbon footprint. In 2021, the total emissions were approximately 16,249,000 kg CO2e, indicating a reduction from 2020's total of about 17,345,000 kg CO2e. However, the company has not set specific reduction targets or initiatives as part of its climate commitments, nor has it engaged in any formal climate pledges or SBTi (Science Based Targets initiative) reduction targets. The emissions intensity for Scopes 1 and 2 has varied, with the latest figure for 2023 being approximately 5,770 kg CO2e per 1,000 cal. norm. sq. ft. This reflects Umpqua Holdings' ongoing efforts to monitor and manage its environmental impact, although specific reduction strategies have not been disclosed.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 5,006,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 12,416,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 3,516,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
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.
Umpqua Holdings 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.
