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Public Profile
Financial Intermediation
US
updated 5 months ago

OFG Bancorp

Company website

OFG Bancorp, a prominent financial institution headquartered in the United States, has established itself as a key player in the banking sector since its founding in 1964. With a strong presence in Puerto Rico and the mainland U.S., the company primarily operates in the banking and financial services industry, offering a diverse range of products tailored to meet the needs of individuals and businesses. OFG Bancorp's core services include commercial and consumer banking, mortgage lending, and wealth management, distinguished by their commitment to customer service and innovative solutions. Over the years, the company has achieved significant milestones, solidifying its market position and reputation for reliability. With a focus on community engagement and financial empowerment, OFG Bancorp continues to drive growth and foster economic development in its operational regions.

DitchCarbon Score

How does OFG 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.

25

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.

27

Industry Benchmark

OFG Bancorp's score of 25 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.

44%

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OFG Bancorp's reported carbon emissions

OFG Bancorp currently does not have available carbon emissions data, as indicated by the absence of specific figures for kg CO2e. Additionally, there are no documented reduction targets or climate pledges outlined in their initiatives. As such, OFG Bancorp's climate commitments and emissions performance remain unspecified. In the context of the financial services industry, many organisations are increasingly focusing on sustainability and carbon reduction strategies. However, without specific data or commitments from OFG Bancorp, it is challenging to assess their position in relation to industry standards or expectations. For stakeholders and environmentally conscious investors, the lack of emissions data and defined climate initiatives may raise questions about OFG Bancorp's commitment to addressing climate change and reducing its carbon footprint.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. OFG 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. This request for OFG Bancorp is in US, which has a low grid carbon intensity relative to other regions.

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.

OFG 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Similar Organizations

Banco Popular de Puerto Rico

US
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Financial intermediation services, except insurance and pension funding services (65)
Updated 14 days ago

Where does DitchCarbon data come from?

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