Bank of the James Financial Group, Inc.
Bank of the James Financial Group, Inc., commonly referred to as Bank of the James, is a prominent financial institution headquartered in the United States. Established in 1999, the bank has made significant strides in the banking industry, primarily serving Virginia and surrounding regions. Specialising in community banking, Bank of the James offers a range of core products and services, including personal and commercial banking, mortgage lending, and wealth management. What sets them apart is their commitment to personalised service and community engagement, fostering strong relationships with clients. With a solid market position, Bank of the James has achieved notable milestones, including consistent growth in assets and a reputation for financial stability. Their dedication to innovation and customer satisfaction continues to drive their success in the competitive financial landscape.
DitchCarbon Score
How does Bank of the James Financial Group, 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
Bank of the James Financial Group, Inc.'s score of 39 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank of the James Financial Group, Inc.'s reported carbon emissions
In 2021, Bank of the James Financial Group, Inc. reported total carbon emissions of approximately 385,000 kg CO2e. This figure includes 45,000 kg CO2e from Scope 1 emissions, 21,000 kg CO2e from Scope 2 emissions, and a significant 319,000 kg CO2e from Scope 3 emissions. This represents a notable decrease from 2020, when total emissions were about 508,000 kg CO2e, with Scope 1 at 27,000 kg CO2e, Scope 2 at 20,000 kg CO2e, and Scope 3 at 461,000 kg CO2e. The organisation has set ambitious reduction targets, aiming for a 30% decrease in carbon exposure for its public equities portfolio by 2025, using 2019 as the baseline year. This commitment reflects their strategy to engage with carbon-intensive companies to facilitate their transition to a low-carbon economy. Additionally, Bank of the James Financial Group has pledged to achieve net-zero carbon emissions by 2030, with a long-term goal of reaching net-zero GHG emissions by 2050 across all scopes. These initiatives demonstrate the company's commitment to addressing climate change and reducing its carbon footprint in alignment with industry standards.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 27,000 | 00,000 |
| Scope 2 | 20,000 | 00,000 |
| Scope 3 | 461,000 | 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.
Bank of the James Financial Group, Inc. 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.
