Bancorp

Bancorp's reported carbon emissions

The Bancorp, a financial intermediation services provider headquartered in the US, has disclosed Scope 1 and Scope 2 emissions data for 2021. In 2021, Bancorp reported approximately 395,000 kg CO2e for Scope 1 emissions and approximately 1,145,000 kg CO2e for Scope 2 market-based emissions. This equates to a combined total of approximately 1,540,000 kg CO2e for Scope 1 and 2 for that year. The company has set climate commitments, including a near-term target to reduce Scope 1 and 2 greenhouse gas emissions by 43% per gross ton mile by 2030, from a 2019 base year. This target is aligned with a well-below 2-degree scenario and has been approved by the Science-Based Target initiative (SBTi). Looking further ahead, Bancorp aims for a long-term net-zero commitment to reduce absolute Scope 1, 2, and 3 greenhouse gas emissions by 90% by 2050, also from a 2019 base year. Emissions data for 2022 and 2023 is not available, with reporting indicating "no disclosed data." However, emission factors per million US dollars in revenue and per 1,000 square feet for Scope 1 and 2 (market-based) were provided for these years, suggesting an ongoing effort to measure and potentially reduce environmental impact. The company's data is not cascaded from a parent organisation, indicating direct reporting.