Bancorp Sustainability Profile
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 23 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bancorp's reported carbon emissions
In 2023, Bancorp reported total carbon emissions of approximately 178,331,000 kg CO2e in the US, with Scope 1 emissions at about 36,798,000 kg CO2e and Scope 2 emissions at approximately 7,584,000 kg CO2e (market-based). The company also disclosed Scope 3 emissions, which included business travel (about 38,426,000 kg CO2e), employee commute (approximately 56,028,000 kg CO2e), downstream leased assets (about 21,203,000 kg CO2e), and waste generated in operations (approximately 18,293,000 kg CO2e). Comparatively, in 2022, Bancorp's total emissions in the US were about 156,194,000 kg CO2e, with Scope 1 emissions of approximately 38,206,000 kg CO2e and Scope 2 emissions (market-based) at around 9,902,000 kg CO2e. The company has not set specific reduction targets or initiatives, nor does it participate in the Science Based Targets initiative (SBTi) or similar climate pledges. Bancorp's emissions data is not cascaded from a parent company, indicating that the figures are independently reported. The organisation continues to monitor its carbon footprint as part of its commitment to environmental sustainability, although no formal reduction targets have been established.
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| 2021 | 2023 | |
|---|---|---|
| Scope 1 | 395,000 | 000,000 |
| Scope 2 | 1,145,000 | 0,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Bancorp's Industry?
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Bancorp's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bancorp has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
