Bancorp
Bancorp, officially known as The Bancorp, Inc., is a prominent financial institution headquartered in the United States. Founded in 2000, the company has established itself as a leader in the banking and financial services industry, with a focus on providing innovative solutions for businesses and consumers alike. Operating primarily in the US, Bancorp offers a diverse range of services, including payment processing, banking, and lending solutions. Its unique approach to financial technology sets it apart, enabling clients to access tailored products that meet their specific needs. With a strong market position, Bancorp has achieved significant milestones, including partnerships with various fintech companies, enhancing its reputation as a forward-thinking institution. The company's commitment to customer-centric services continues to drive its growth and success in the competitive financial landscape.
DitchCarbon Score
How does 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.
Industry Average
Mean score of companies in the Services Auxiliary to 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
Bancorp's score of 33 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bancorp's reported carbon emissions
In 2023, Bancorp reported total carbon emissions of approximately 36,798,000 kg CO2e for Scope 1 and 7,584,000 kg CO2e for Scope 2, alongside 56,028,000 kg CO2e for Scope 3 emissions. This reflects a significant commitment to reducing their carbon footprint, particularly in Scope 1 and 2 emissions, which have decreased from about 60,412,000 kg CO2e in 2014 to the current figures. Over the years, Bancorp has demonstrated a consistent reduction in emissions. For instance, Scope 1 emissions have decreased from approximately 60,412,000 kg CO2e in 2014 to 36,798,000 kg CO2e in 2023. Similarly, Scope 2 emissions have seen a reduction from about 354,799,000 kg CO2e in 2014 to 7,584,000 kg CO2e in 2023, indicating a shift towards more sustainable energy sources. Despite these achievements, Bancorp has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction targets suggests that while the company is making strides in emissions reduction, there may be opportunities for further commitment to structured climate action.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2014 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 60,412,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 354,799,000 | 000,000,000 | 000,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
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.
