Bank of Utica

The Bank of Utica currently does not have available carbon emissions data, as no specific figures have been provided for their emissions in kg CO2e. Additionally, there are no documented reduction targets or climate pledges outlined in their initiatives. In the absence of specific emissions data, it is important to note that many financial institutions are increasingly recognising the importance of sustainability and climate commitments. The banking sector is under pressure to assess and disclose their carbon footprints, often focusing on Scope 1, 2, and 3 emissions. Scope 1 includes direct emissions from owned or controlled sources, Scope 2 covers indirect emissions from the generation of purchased energy, and Scope 3 encompasses all other indirect emissions that occur in a company’s value chain. While the Bank of Utica has not yet established specific reduction targets or commitments, the broader industry context suggests a growing trend towards integrating climate action into business strategies. This includes setting science-based targets and participating in global climate initiatives to mitigate climate change impacts.