Bancorp of New Jersey, Inc. Sustainability Profile
Bancorp of New Jersey, Inc., often referred to as BNJ, is a prominent financial institution headquartered in the United States. Established in 2003, the company has made significant strides in the banking sector, primarily serving New Jersey and surrounding regions. Specialising in commercial and residential lending, Bancorp of New Jersey distinguishes itself through personalised customer service and innovative financial solutions tailored to meet diverse client needs. With a strong focus on community banking, BNJ offers a range of core products, including mortgages, business loans, and deposit services. The bank's commitment to fostering local economic growth has solidified its market position, earning recognition for its customer-centric approach and robust financial performance. As a trusted partner in the financial landscape, Bancorp of New Jersey continues to uphold its reputation for excellence and reliability.
DitchCarbon Score
How does Bancorp of New Jersey, Inc.'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 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 of New Jersey, Inc.'s score of 23 is lower than 71% 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 of New Jersey, Inc. currently does not have specific carbon emissions data available, as indicated by the absence of reported emissions figures. The organisation is classified as a merged entity, and any potential emissions data may be inherited from its corporate family. However, there are no specific reduction targets or climate commitments outlined in the available information. As a merged entity, Bancorp of New Jersey, Inc. may align its climate initiatives with broader industry standards, but specific details regarding emissions reduction initiatives or commitments to frameworks such as the Science Based Targets initiative (SBTi) are not provided. The lack of data suggests that the organisation may still be in the process of establishing its climate strategy or reporting framework. In summary, while Bancorp of New Jersey, Inc. has not disclosed any emissions data or specific climate commitments, it is positioned within a corporate structure that may influence its future sustainability efforts.
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| 2024 | |
|---|---|
| Scope 1 | 32,500 |
| Scope 2 | 1,800 |
| Scope 3 | 94,400 |
How Carbon Intensive is Bancorp of New Jersey, Inc.'s Industry?
How Carbon Intensive is Bancorp of New Jersey, Inc.'s Location?
Bancorp of New Jersey, Inc.'s Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 73% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 87% of Scope 3 emissions.
Top Scope 3 Categories
Bancorp of New Jersey, Inc.'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 of New Jersey, Inc. 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.
