Bank of the West Sustainability Profile
Bank of the West, a prominent financial institution headquartered in the United States, has been serving customers since its founding in 1874. With a strong presence in the western and midwestern regions, the bank operates across various states, providing a comprehensive range of banking services. As a member of the BNP Paribas Group, Bank of the West excels in personal banking, commercial banking, and wealth management, offering unique products tailored to meet diverse client needs. The bank is recognised for its commitment to sustainability and innovation, positioning itself as a leader in environmentally responsible banking practices. With a solid market position, Bank of the West has achieved notable milestones, including numerous awards for customer service and community engagement, reinforcing its reputation as a trusted partner in financial growth and stability.
DitchCarbon Score
How does Bank of the West'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 West's score of 56 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest available data, Bank of the West does not report specific carbon emissions figures, indicating a lack of detailed emissions data for the most recent year. The bank's climate commitments and reduction initiatives are not explicitly outlined, with no documented reduction targets or climate pledges available. However, it is important to note that Bank of the West's emissions data and performance metrics are cascaded from its parent company, Bank of Montreal, at a cascade level of three. This means that any relevant emissions data or climate initiatives may be derived from the broader corporate family context, specifically from Bank of Montreal's sustainability efforts. In the absence of specific emissions data, Bank of the West's commitment to climate action can be inferred through its association with Bank of Montreal, which is known for its engagement in various climate initiatives, including participation in the Carbon Disclosure Project (CDP). This relationship suggests that Bank of the West may align its climate strategies with those of its parent company, although specific targets or achievements are not detailed. Overall, while Bank of the West currently lacks specific emissions data and reduction targets, its affiliation with Bank of Montreal may provide a framework for future climate commitments and sustainability initiatives.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 37,837,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 115,334,000 | 000,000,000 | 00,000,000 | 000,000 | 000,000 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 22,097,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000,000 | 0,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Bank of the West's Industry?
How Carbon Intensive is Bank of the West's Location?
Bank of the West's Scope 3 Categories Breakdown
Bank of the West's Scope 3 emissions, which decreased by 17% last year and increased significantly since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 97% of Scope 3 emissions.
Top Scope 3 Categories
Bank of the West'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.
Bank of the West 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.
