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 20 is lower than 85% 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. This figure includes Scope 1 emissions of about 36,798,000 kg CO2e and Scope 2 emissions of approximately 7,584,000 kg CO2e (market-based). Additionally, Scope 3 emissions were significant, with business travel contributing about 38,426,000 kg CO2e, employee commute at approximately 56,028,000 kg CO2e, downstream leased assets at around 21,203,000 kg CO2e, and waste generated in operations at about 18,293,000 kg CO2e. Comparatively, in 2022, Bancorp's total emissions were approximately 156,194,000 kg CO2e, indicating an increase in emissions year-on-year. The breakdown for 2022 included Scope 1 emissions of about 38,206,000 kg CO2e, Scope 2 emissions of approximately 9,902,000 kg CO2e (market-based), and Scope 3 emissions comprising business travel (about 23,206,000 kg CO2e), employee commute (approximately 55,642,000 kg CO2e), downstream leased assets (around 22,912,000 kg CO2e), and waste generated in operations (about 6,326,000 kg CO2e). Bancorp has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets suggests that the company may not yet have formalised its long-term emissions reduction strategy. The emissions data is not cascaded from any parent organisation, indicating that these figures are solely representative of Bancorp's own operations. Overall, while Bancorp has made strides in reporting its emissions, the lack of reduction targets highlights an area for potential improvement in its climate strategy.
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| 2021 | |
|---|---|
| Scope 1 | 395,000 |
| Scope 2 | 1,145,000 |
| Scope 3 | - |
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 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.
